Ro-ro shipping specialist Wallenius Wilhelmsen reported adjusted EBITDA of USD471 million for Q3 2025. Total revenue for Q3 was USD1.33 billion. However, the outlook is clouded somewhat by uncertainty around United States Trade Representative (USTR) regulations.
Net profit for the period totalled USD280 million, down from USD403 million in Q2, which was elevated by a gain realised from the sale of the MIRRAT activities in Australia for USD135 million. Net profit in Q3 was positively impacted by a vessel sale gain of USD16 mILLION; excluding that gain, the profit for the period totalled USD263 million – up from USD256 million in the same period of 2024.
Lasse Kristoffersen, president and ceo of Wallenius Wilhelmsen, described the activity level and financial performance in the quarter as “robust”, with new business being secured across all business segments.
The company noted that after the third quarter ended, the USTR revised its port fees for the ro-ro industry from USD14 per net ton to USD46 per net ton. The fee may be postponed by one year, but it is unclear at the time of writing. “Underlying demand for our services is expected to continue to be strong into the fourth quarter, but we expect our financial performance to be softer than in the third quarter due to the US port fee issue,” Kristoffersen said.
High and heavy (H&H) revenues for Q3 2025 stood at USD34 million, down from USD38 million in Q2. Year on year, revenue for the segment was down 15 percent.
Wallenius Wilhelmsen said that as manufacturers adapt to prevailing market conditions and new tariffs are implemented, outlook in the H&H segment remains uncertain. “Tariffs on steel and aluminium imports to the US is part of the reason. However, for the coming quarters we expect to see geographical variances in volume development as uncertainty remains high.”
Earlier this year, HLPFI reported that Wallenius Wilhelmsen had signed a contract to operate the port of Gothenburg’s car terminal.
