SINGAPORE, 30 April 2025 – Ocean Network Express (ONE) released the financial results for FY2024 (from Apr 2024 to Mar 2025).
The revenue for FY2024 was US$19,233 million, up 32% from the last year, with net profit of US$4,244 million (YoY +US$3,270 million).
(Unit: Million US$)
Full Year Results Year on Year
FY2023 FY2024 Change Change (%)
Revenue 14,536 19,233 4,697 32%
EBITDA 2,044 5,966 3,922 192%
EBIT 392 3,804 3,412 871%
Profit/Loss 974 4,244 3,270 336%
An achievement realized despite ongoing geopolitical tensions
Jeremy Nixon, CEO of Ocean Network Express says, “We are pleased to report a profit of $4,244 million for FY2024—an achievement realized despite ongoing geopolitical tensions and regional economic uncertainties. Through our participation in the newly established The Premier Alliance, launched in February, along with various other service partnerships, we have further expanded our global network and enhanced our service offerings to better meet customers’ evolving needs. We remain fully committed to delivering strong, reliable, and highly dependable end-to-end direct port container services to our valued customers”.
Related :ONE and LX Pantos launch joint venture for US intermodal services
The Premier Alliance, launched
Adding : The Premier Alliance, launched in February, along with various other service partnerships, we have further expanded our global network and enhanced our service offerings to better meet customers’ evolving needs. We remain fully committed to delivering strong, reliable, and highly dependable end-to-end direct port container services to our valued customers”.
The resumption of the PS5 service
On the other hand (ONE) would like to provide an update regarding our Transpacific West Coast Network advised that the resumption of the PS5 service, originally scheduled for May 2025, will be temporarily delayed until further notice.
About Ocean Network Express (ONE)
Ocean Network Express (ONE), headquartered in Singapore, is one of the world’s leading liner shipping companies. It operates a fleet of over 260 vessels with a capacity exceeding 2 million TEUs. Through its extensive global network, ONE provides reliable container shipping services to over 120 countries.
The financial results for FY2024 can be downloaded here.
Source : Press Release : ONE
