Wallenius Wilhelmsen 2025 annual report – steady delivery, stronger position

Wallenius Wilhelmsen delivered solid financial, commercial and operational performance in 2025, strengthening its position and contract portfolio despite a more complex operating environment. The year was characterized by focus on safety, steady performance in key segments, and work that positions the company well for the years ahead.

Adjusted EBITDA for 2025 was USD 1,811m with total revenue of USD 5,240m. Net profit increased to USD 1,104m, up from USD 1,065m in 2024.

“2025 was a solid year, despite an evolving and changing market environment, supported by robust demand and disciplined execution across our portfolio,” says CEO & President Lasse Kristoffersen.

Safe and responsible operations

Safety and responsible operations remained a core priority throughout the year. Wallenius Wilhelmsen reported no serious accidents or incidents in 2025, and safety performance across shipping and logistics remained stable.

“In a year of high activity and shifting trade patterns, maintaining safe and reliable operations across sea and land remained our first priority,” says Kristoffersen.

In 2025, Wallenius Wilhelmsen continued to invest in fleet renewal, operational efficiencies, lower carbon solutions, and digital infrastructure to support long-term performance.

Up-cycle used to strengthen the financial foundation

In 2025, the company reduced net debt to around USD 1.7bn, paid USD 892m in dividends (USD 2.34 per share, up USD 0.59 from 2024), and maintained a strong liquidity position.

Commercially, Wallenius Wilhelmsen renewed and secured around USD 4.8bn in multi-year contracts in 2025, contributing to a combined contract backlog of more than USD 10bn by year-end. Operationally, the network was expanded, and integration across our company increased.

Looking ahead

Wallenius Wilhelmsen enters 2026 with a strong financial position, a solid book of business and a clear strategic focus on improving customer value, increasing competitiveness, and strengthening operational efficiency through standardization and digitalization.