ZIM (NYSE: ZIM) posts Q2 profit as $35-a-share takeover hangs on approvals

Rhea-AI Filing Summary

ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) reported a mixed first half of 2026, with a strong rebound in the second quarter but weaker year-to-date results. In Q2 2026, revenues rose 9% year over year to $1.78 billion, supported by an 8% increase in average freight rates to $1,590/TEU and 3% higher carried volume of 922K TEU. Net income grew to $64 million (from $24 million), and Adjusted EBITDA edged up to $491 million with a 28% margin. Free cash flow in Q2 was $386 million.

For the first six months of 2026, revenues declined to $3.18 billion from $3.64 billion, and ZIM recorded a net loss of $22.2 million versus $319.8 million profit a year earlier, as lower average freight rates and volume in H1 outweighed the Q2 recovery. Adjusted EBITDA for H1 fell to $804 million from $1.25 billion. Liquidity remained solid, with a total cash position of $2.53 billion and net debt of $2.77 billion, implying a 1.6x net leverage ratio as of June 30, 2026.

ZIM reaffirmed full-year 2026 guidance for Adjusted EBITDA of $2.0–$2.4 billion and Adjusted EBIT of $700 million–$1.1 billion, expecting much stronger performance in the second half and indicating dividends are expected for 2026, subject to board and legal constraints. The pending all-cash merger under which Hapag-Lloyd will acquire ZIM for $35.00 per share remains subject to regulatory and “Golden Share” approvals and is targeted to close in Q4 2026.

Positive

• Q2 profitability rebound: Revenue rose to $1.78 billion (+9% y/y) with net income up to $64 million and Adjusted EBITDA of $491 million, showing earnings recovery after a weaker start to the year.
• Strong cash generation and liquidity: ZIM produced $395 million in Q2 operating cash flow and $386 million in free cash flow, ending June 30, 2026 with a $2.53 billion total cash position.
• High 2026 guidance with stronger H2 expected: Management guides to $2.0–$2.4 billion Adjusted EBITDA and $700 million–$1.1 billion Adjusted EBIT for 2026, indicating expectations for significantly better results in the second half.
• Dividend expectation for 2026: Based on the 2026 outlook and existing policy to distribute 30–50% of annual net income, the company expects to pay dividends on 2026 results, subject to board discretion and legal/merger agreement limits.
• Strategic all-cash takeover agreed: A merger agreement with Hapag-Lloyd values ZIM at $35.00 per share in cash, unanimously approved by ZIM’s board and shareholders, with closing targeted for Q4 2026 pending regulatory approvals.

Negative

• Weaker H1 2026 versus prior year: First-half revenue fell to $3.18 billion from $3.64 billion, and ZIM swung to a $22.2 million net loss from $319.8 million profit, with Adjusted EBITDA dropping to $804 million from $1.25 billion.
• Margin compression in H1: Adjusted EBITDA margin for H1 2026 declined to 25% from 34%, and Adjusted EBIT margin fell to 5% from 17%, reflecting reduced profitability despite cost efforts.
• Lower operating cash flow year-to-date: Net cash from operating activities for H1 2026 decreased to $657.3 million from $1.30 billion, while the company also paid $781 million of debt service and $106 million in dividends.
• Merger approval uncertainty: Completion of the $35.00 per share Hapag-Lloyd acquisition depends on multiple regulatory and State of Israel “Golden Share” approvals, and Israeli governmental offices have expressed objections to the merger’s current structure.

Filing Explained

Merger completion remains unresolved after objections to its current structure; approval would end existing ZIM share ownership through a cash conversion and delisting.

As a Form 6-K, this report furnishes interim material information and attaches ZIM’s unaudited results for the period ended June 30, 2026. The Hapag-Lloyd merger remains proposed rather than completed: if it closes, ZIM would become Hapag-Lloyd’s wholly owned subsidiary, each eligible ordinary share would convert automatically into $35.00 in cash, and ZIM’s shares would be delisted and deregistered.

The filing adds that several Israeli government offices issued professional opinions objecting to the merger in its current structure, while no formal state decision had been delivered as of August 19, 2026. The State of Israel’s approval under the Special State Share, along with other regulatory approvals, therefore remains a specific closing condition.

The company’s 2026 guidance uses Adjusted EBITDA and Adjusted EBIT without a forward-looking IFRS reconciliation; it also states that Adjusted EBITDA excludes debt service, other commitments, and capital expenditures, so it is not the same as cash available for use.

The next material resolution is a formal State of Israel decision and satisfaction of the remaining regulatory closing conditions for the targeted fourth-quarter 2026 merger.

Key Figures

Q2 2026 Revenue: 1,781 million USD Q2 2026 Net Income: 64.1 million USD H1 2026 Net Income (Loss): -22.2 million USD +5 more

8 metrics

Q2 2026 Revenue 1,781 million USD Total revenues for the second quarter of 2026

Q2 2026 Net Income 64.1 million USD Net income for the second quarter of 2026

H1 2026 Net Income (Loss) -22.2 million USD Net loss for the six months ended June 30, 2026

Q2 2026 Adjusted EBITDA 491 million USD Adjusted EBITDA for the second quarter of 2026

H1 2026 Adjusted EBITDA 804 million USD Adjusted EBITDA for the six months ended June 30, 2026

Total Cash Position 2.53 billion USD Cash, deposits and other investment instruments as of June 30, 2026

Net Debt 2,773 million USD Net debt as of June 30, 2026

Merger Consideration per Share 35.00 USD Cash consideration Hapag-Lloyd will pay per ZIM share under the merger agreement

Key Terms

Adjusted EBITDA, Adjusted EBIT, Free cash flow, net leverage ratio, +2 more

6 terms

Adjusted EBITDA financial

"In 2026, the Company expects to generate Adjusted EBITDA between $2.0 billion and $2.4 billion"

Adjusted EBITDA is a way companies measure how much money they make from their core operations, like running a business, by removing certain costs or income that aren’t part of regular business activities. It helps investors see how well a company is doing without distractions from unusual expenses or gains, making it easier to compare companies or track performance over time.

Adjusted EBIT financial

"and Adjusted EBIT between $700 million and $1.1 billion"

Adjusted EBIT is a company’s operating profit before interest and taxes, but cleaned up by removing one-time or unusual items that can obscure ongoing performance. Investors use it like a tidied-up report card — it aims to show the underlying profitability of the business by excluding irregular gains, losses, or costs so comparisons across periods or companies are clearer and more meaningful for valuing operational strength.

Free cash flow financial

"Free cash flow is a non-IFRS financial measure which we define as net cash generated"

Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.

net leverage ratio financial

"ZIM’s net leverage ratio as of June 30, 2026, was 1.6x"

The net leverage ratio measures how much debt a company has compared to its available assets or earnings, after accounting for its cash and liquid assets. It helps investors understand how heavily a company relies on borrowed money to finance its operations and growth. A higher ratio indicates greater financial risk, while a lower ratio suggests a more cautious approach to borrowing.

Special State Share regulatory

"approvals by various regulatory authorities among them the State of Israel pursuant to the requirements of the Special State Share"

A special state share is a class of company stock that a government holds which carries extra control rights beyond normal ownership, such as veto power over major decisions, board appointments, or asset sales. Think of it like a master key in a building: the holder can block or steer moves that affect the company’s strategy or ownership. For investors, this matters because it changes corporate decision-making, takeover risk and how much influence ordinary shareholders actually have, which can affect valuation and liquidity.

LNG dual-fuel vessels technical

"ten are liquefied natural gas (LNG) dual-fuel vessels, and ten are scrubber-fitted vessels"

FAQ

How did ZIM (ZIM) perform financially in Q2 2026?

ZIM reported Q2 2026 revenue of $1.78 billion, up 9% year over year, with net income of $64 million. Adjusted EBITDA was $491 million (28% margin), driven by an 8% rise in average freight rates to $1,590/TEU and 3% higher volumes.

What were ZIM (ZIM)’s results for the first half of 2026?

For H1 2026, ZIM generated $3.18 billion in revenue versus $3.64 billion a year earlier and recorded a net loss of $22.2 million. Adjusted EBITDA declined to $804 million from $1.25 billion, with margins dropping to 25% from 34%.

What guidance did ZIM (ZIM) provide for full-year 2026?

ZIM expects 2026 Adjusted EBITDA of $2.0–$2.4 billion and Adjusted EBIT of $700 million–$1.1 billion. Management indicates performance in the second half of 2026 is expected to significantly exceed the first half, underpinning potential dividend distributions on 2026 results.

Will ZIM (ZIM) pay a dividend based on 2026 results?

Based on its 2026 guidance, ZIM expects to distribute dividends on 2026 results under its policy to pay 30–50% of annual net income. Any dividend remains subject to board discretion, Israeli legal restrictions, and limitations in the Hapag-Lloyd merger agreement.

What are the terms and status of the Hapag-Lloyd acquisition of ZIM (ZIM)?

Hapag-Lloyd agreed to acquire ZIM for $35.00 per share in cash. ZIM’s board and shareholders have approved the deal. Closing is targeted for Q4 2026, subject to customary conditions, including antitrust and State of Israel “Golden Share” approvals.

How strong is ZIM (ZIM)’s balance sheet and leverage as of June 30, 2026?

As of June 30, 2026, ZIM held a $2.53 billion total cash position and reported $2.77 billion in net debt, resulting in a 1.6x net leverage ratio. Net cash generated from operating activities in H1 2026 was $657.3 million.

How are freight rates and volumes trending for ZIM (ZIM)?

In Q2 2026, ZIM’s average freight rate increased to $1,590/TEU, up 8% year over year, while carried volume reached 922K TEU, a 3% increase. For H1 2026, average freight rates decreased to $1,455/TEU and volume declined by 3% to 1,788K TEU.

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Form 6-K: How Foreign Companies Report to the SEC →

Available on EDGAR 08/19/2026 - 07:18 AM Accepted by SEC EDGAR 08/19/2026 - 07:17 AM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF THE

SECURITIES EXCHANGE ACT OF 1934

For the month of August 2026

Commission File Number: 001-39937

ZIM Integrated Shipping Services Ltd.

(Exact Name of Registrant as Specified in Its Charter)

9 Andrei Sakharov Street

P.O. Box 15067

Matam, Haifa 3190500, Israel

+972 (4) 865-2000

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒        Form 40-F ☐

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes  ☐     No ☒

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes  ☐     No ☒

  

On August 19, 2026, ZIM Integrated Shipping Services Ltd. (the “Company”) issued a press release announcing its consolidated results for the three and six months ended on June 30, 2026. A copy of this press release and the Company’s condensed consolidated unaudited interim financial statements for the period ended on June 30, 2026, are attached herewith as Exhibit 99.1 and Exhibit 99.2, respectively. In addition, an investor presentation dated August 19, 2026, is attached herewith as Exhibit 99.3.

The information in this Form 6-K (including Exhibit 99.1, Exhibit 99.2 and Exhibit 99.3) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933 or the Exchange Act.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	ZIM INTEGRATED SHIPPING SERVICES LTD.
	By:	/s/ Noam Nativ
		Noam Nativ
		EVP General Counsel and Corporate Secretary

Date: August 19, 2026

EXHIBIT INDEX

EXHIBIT NO.		DESCRIPTION
99.1		Press Release dated August 19, 2026
99.2		Condensed consolidated unaudited interim financial statements for the period ended on June 30, 2026
99.3		Investor presentation dated August 19, 2026

Exhibit 99.1

ZIM Reports Strong Results for the Second Quarter of 2026,

Benefiting from its Leading Transpacific Position, Agile

Commercial Approach and Efficient Cost Structure

Revenues Up +9% to $1.8bn, and Net Income Up +170% to $64m, y-o-y

Q2 EBITDA and Net Income, adjusted for costs related to the pending Hapag-Lloyd

transaction, up +4% to $491m and +226% to $77m, y-o-y, respectively

Positive H1 Adjusted Net Income with significantly
stronger performance expected in H2

Generated $386m of Free Cash Flow in Q2

Full year 2026 guidance: Adjusted EBITDA between $2.0bn to $2.4bn
and Adjusted EBIT of $700m to $1.1bn

Dividend to shareholders expected based on 2026 results

Pending transaction with Hapag-Lloyd remains subject to closing

conditions, including regulatory approvals; the parties continue to perform their

obligations under the merger agreement and engage with the relevant authorities

to obtain such approvals

Haifa, Israel, August 19, 2026 – ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) (“ZIM” or the “Company”) announced today its consolidated results for the three and six months ended June 30, 2026.

ZIM’s strong second-quarter results demonstrated the resilience of its business. ZIM’s strategic presence in the Transpacific trade enabled the Company to capitalize on favorable market conditions, which together with ZIM’s modern, fuel-efficient and cost-effective fleet and agile commercial strategy, drove improved year-over-year profitability.

Second Quarter 2026 Highlights

• Net income for the second quarter was $64m (compared to $24m in the second quarter of 2025), or diluted earnings per share of $0.53 (compared to $0.19 in the second quarter of 2025).

• Adjusted net income for the second quarter was $77m (compared to $24m in the second quarter of 2025)

• Adjusted EBITDA for the second quarter was $491m, a year-over-year increase of 4%.

• Revenues for the second quarter were $1.78bn, a year-over-year increase of 9%.

• Carried volume in the second quarter was 922 thousand TEUs, a year-over-year increase of 3%.

• Average freight rate per TEU in the second quarter was $1,590, a year-over-year increase of 8%.

• Free cash flow of $386m generated during the quarter.

• Net leverage ratio of 1.6x as of June 30, 2026, compared to 1.7x net leverage ratio as of March 31, 2026 and 1.3x net leverage ratio as of December 31, 2025.

• Net debt, comprised predominantly of lease liabilities minus total cash position, of $2.77bn as of June 30, 2026, compared to $2.93bn as of March 31, 2026, and $2.92bn as of December 31, 2025.

• Net cash position (total cash position minus financial debt; i.e., excluding lease liabilities) of $2.46bn as of June 30, 2026.

Chen Lichtenstein, ZIM President & CEO, stated, “Since assuming my role in July, my focus has been clear: to capitalize fully on current market opportunities while deploying the Company’s resources with discipline and efficiency. We remain committed to preserving the agility that allows us to respond quickly to changing market conditions, strengthening our competitiveness, and creating sustainable value.”

Sami Jubran, Chief Financial Officer, added, “We delivered solid results in the second quarter and expect significantly stronger performance during the remainder of the year, as reflected in our guidance. This anticipated improvement would enable our Board of Directors to consider declaring a dividend to shareholders based on our third-quarter results.”

- 2 -

Summary of Key Financial and Operational Results

		Q2-26				Q2-25				H1-26				H1-25
Carried volume (K-TEUs)			922				895				1,788				1,839
Average freight rate ($/TEU)			1,590				1,479				1,455				1,632
Total Revenues ($ in millions)			1,781				1,636				3,177				3,642
Operating income (EBIT) ($ in millions)			144				149				126				613
Profit (loss) before income tax ($ in millions)			61				49				(38	)			430
Net income (loss) ($ in millions)			64				24				(22	)			320
Adjusted EBITDA ($ in millions)			491				472				804				1,251
Adjusted EBIT ($ in millions)			169				149				164				612
Adjusted net income ($ in millions)			77				24				4				318
Net income margin (%)			4				1				(1	)			9
Adjusted EBITDA margin (%)			28				29				25				34
Adjusted EBIT margin (%)			10				9				5				17
Adjusted net income margin (%)			4				1				0				9
Diluted earnings per share ($)			0.53				0.19				(0.19	)			2.64
Net cash generated from operating activities ($ in millions)			395				441				657				1,296
Free cash flow ($ in millions)			386				426				621				1,213
		JUN-30-26				DEC-31-25
Net debt ($ in millions)			2,773				2,925

Financial and Operating Results for the Second Quarter Ended June 30, 2026

Total revenues were $1.78 billion for the second quarter of 2026, compared to $1.64 billion for the second quarter of 2025, mainly driven by the increase in freight rates as well as carried volume.

ZIM carried 922 thousand TEUs in the second quarter of 2026, compared to 895 thousand TEUs in the second quarter of 2025. The average freight rate per TEU was $1,590 for the second quarter of 2026, compared to $1,479 for the second quarter of 2025.

- 3 -

Operating income (EBIT) for the second quarter of 2026 was $144 million, compared to $149 million for the second quarter of 2025.

Net income for the second quarter of 2026 was $64 million, compared to $24 million for the second quarter of 2025. Adjusted net income for the second quarter of 2026 was $77 million, compared to $24 million for the second quarter of 2025.

Adjusted EBITDA for the second quarter of 2026 was $491 million, compared to $472 million for the second quarter of 2025. Adjusted EBIT for the second quarter of 2026 was $169 million, compared to $149 million for the second quarter of 2025. Adjusted EBITDA and Adjusted EBIT margins for the second quarter of 2026 were 28% and 10%, respectively. This compares to 29% and 9% for the second quarter of 2025, respectively.

Net cash generated from operating activities was $395 million for the second quarter of 2026, compared to $441 million for the second quarter of 2025.

Financial and Operating Results for the Six Months Ended June 30, 2026

Total revenues were $3.18 billion for the first half of 2026, compared to $3.64 billion for the first half of 2025, primarily driven by the decrease in freight rates as well as carried volume.

ZIM carried 1,788 thousand TEUs in the first half of 2026, compared to 1,839 thousand TEUs in the first half of 2025. The average freight rate per TEU was $1,455 for the first half of 2026, compared to $1,632 for the first half of 2025.

Operating income (EBIT) for the first half of 2026 was $126 million, compared to $613 million for the first half of 2025. The decrease in operating income for the first half of 2026 was primarily driven by the above-mentioned decrease in total revenues.

Net loss for the first half of 2026 was $22 million, compared to net income of $320 million for the first half of 2025, mainly driven by the above-mentioned decrease in total revenues, partially offset by the impact of income taxes. Adjusted net income for the first half of 2026 was $4 million, compared to $318 million for the first half of 2025.

Adjusted EBITDA for the first half of 2026 was $804 million, compared to $1.25 billion for the first half of 2025. Adjusted EBIT for the first half of 2026 was $164 million, compared to $612 million for the first half of 2025. Adjusted EBITDA and Adjusted EBIT margins for the first half of 2026 were 25% and 5%, respectively. This compares to 34% and 17%, respectively, for the first half of 2025.

Net cash generated from operating activities for the first half of 2026 was $657 million, compared to $1.30 billion for the first half of 2025.

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Liquidity, Cash Flows and Capital Allocation

ZIM’s total cash position (which includes cash and cash equivalents and investments in bank deposits and other investment instruments), was $2.53 billion as of June 30, 2026, compared to $2.54 billion as of March 31, 2026 and $2.80 billion as of December 31, 2025.

Capital expenditures totaled $12 million and $43 million for the second quarter of 2026 and for the first half of 2026 respectively, compared to $24 million for the second quarter of 2025 and $102 million for the first half of 2025. Other cash flow items in the first half of 2026 include a dividend payment of $106 million and $781 million of debt service, mostly related to charter vessel and equipment lease liability repayments.

Net debt position as of June 30, 2026, was $2.77 billion compared to $2.93 billion as of March 31, 2026, and $2.92 billion as of December 31, 2025.

Net cash position (total cash minus financial debt) was $2.46 billion as of June 30, 2026, unchanged from March 31, 2026, compared with $2.72 billion as of December 31, 2025. ZIM’s net leverage ratio as of June 30, 2026, was 1.6x, compared to 1.7x net leverage ratio as of March 31, 2026 and 1.3x as of December 31, 2025.

Fleet Update

ZIM currently operates 115 containerships with a total capacity of 707 thousand TEUs, as well as 13 car carriers, compared to 123 containerships with total capacity of 767 thousand TEU and 14 car carriers as of our Q2 2025 earnings release (August 20, 2025).

In addition, the Company has 9 containerships scheduled for charter expiration during the remainder of 2026, representing an aggregate capacity of approximately 35 thousand TEU. In 2027, 13 containerships are scheduled for charter expiration, representing an aggregate capacity of approximately 28 thousand TEU. While this flexibility allows ZIM to actively manage its operated capacity, the company expects capacity to remain stable in 2026.

- 5 -

ZIM has entered into charter agreements for an aggregate of 40 vessels, or approximately 286 thousand TEU of capacity, the vast majority of which is newbuild capacity, including:

• Four 8,000 TEU newbuild scrubber fitted vessels with charter durations of either 5 or 7.5 years and expected delivery between the second half of 2026 and the first half of 2027

• Ten 11,500 TEU newbuild dual-fuel LNG vessels with charter duration of 12 years and expected delivery between 2027 and 2028. ZIM holds options to extend the charter duration or alternatively, to purchase these vessels

• Two 12,000 TEU newbuild scrubber fitted vessels, scheduled for delivery during 2027, with charter periods of up to five years, with optional extensions included

• Four 9,000 TEU secondhand vessels (build 2015-2016), with expected delivery between 2027-2028, with charter periods of five years with optional extensions included

• 20 newbuild vessels, some of which are scrubber fitted, with capacities ranging from 3,000 to 5,000 TEU, scheduled for delivery between 2027 and 2028. Charter periods for these vessels are of either 5 or 7.5 years, some of which also include optional extensions.

Volume Breakdown by Geographic Trade Zone (K TEU)*

		Three months ended June 30								Six months ended June 30
		2026				2025				2026				2025
Pacific			426				354				817				738
Cross-Suez			66				76				132				161
Atlantic			118				129				233				270
Intra-Asia			212				199				409				392
Latin America			100				137				197				278
Total			922				895				1,788				1,839

* The table above may contain slight summation differences due to rounding.

Use of Non-IFRS Measures in the Company’s 2026 Guidance

A reconciliation of the Company’s non-IFRS financial measures included in its full-year 2026 guidance to corresponding IFRS measures is not available on a forward-looking basis. In particular, the Company has not reconciled Adjusted EBITDA and Adjusted EBIT because the various reconciling items between such non-IFRS financial measures and the corresponding IFRS measures cannot be determined without unreasonable effort due to the uncertainty regarding, and the potential variability of, the future costs and expenses for which the Company adjusts, the effect of which may be significant, and all of which are difficult to predict and are subject to frequent change.

Full-Year 2026 Guidance and Expected Dividend

In 2026, the Company expects to generate Adjusted EBITDA between $2.0 billion and $2.4 billion and Adjusted EBIT between $700 million and $1.1 billion.

Based on its current full year 2026 guidance, the Company expects to distribute dividends to shareholders on account of 2026 results in accordance with its existing dividend policy.

All future dividends are subject to the discretion of the Company’s Board of Directors, the restrictions provided by Israeli law and the applicable restrictions set forth in the merger agreement with Hapag-Lloyd.

- 6 -

Transaction with Hapag-Lloyd

On February 16, 2026, ZIM announced that it entered into a merger agreement with Hapag-Lloyd, under which Hapag-Lloyd will acquire ZIM for $35.00 per share in cash. The transaction was unanimously approved by ZIM’s Board of Directors and approved by shareholders at a special meeting held on April 30, 2026. The transaction remains subject to satisfaction of customary closing conditions, including approvals by various regulatory authorities among them the State of Israel pursuant to the requirements of the Special State Share (the “Golden Share”) and is targeted to close in the fourth quarter of 2026.

Until the closing of the transaction, Hapag-Lloyd and ZIM will remain separate independent companies and ZIM will continue to operate in the ordinary course.

Conference Call Details

In light of the pending transaction with Hapag-Lloyd, ZIM will not host a conference call in connection with its second quarter 2026 results.

About ZIM

Founded in Israel in 1945, ZIM (NYSE: ZIM) is a leading global container liner shipping company with operations in more than 90 countries, serving over 30,000 customers across more than 300 ports worldwide. ZIM leverages digital strategies and a commitment to ESG values to provide customers innovative seaborne transportation and logistics services and exceptional customer experience. ZIM’s differentiated global-niche strategy, based on agile fleet management and deployment, covers major trade routes with a focus on select markets where the company holds competitive advantages. Additional information about ZIM is available at www.ZIM.com.

- 7 -

Forward-Looking Statements

This press release contains, or may be deemed to contain, forward-looking statements (as defined in the U.S. Private Securities Litigation Reform Act of 1995). In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “will,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential” or “continue,” the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to risks, uncertainties, assumptions, and other important factors, may include statements regarding macroeconomic and geopolitical conditions, chartering agreements, anticipated capacity, and the timing thereof, statements relating to the timing and closing of the pending transaction with Hapag-Lloyd, the Company’s anticipated growth strategies and anticipated trends in its business. These statements are only predictions based on the Company’s current expectations and projections about future events or results. There are important factors that could cause the Company’s actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause such differences include, but are not limited to: our expectations regarding general market conditions as a result of the current geopolitical instability, developments and further escalation of events, including, but not limited to, risks and uncertainties relating to outcome of the pending transaction with Hapag-Lloyd, the current military conflict between Israel and the U.S. against Iran and some of its proxies, the Houthi attacks against vessels in the Red Sea, the war between Israel and Hamas, Iran and Iranian-backed proxies (including its impact on the Strait of Hormuz), the political and military instability in the Middle East and the war between Russia and Ukraine; our expectations regarding general market conditions as a result of global economic trends, including potential rising inflation and interest rates as a result of geopolitical and other events; our expectations regarding trends related to the global container shipping industry, including with respect to fluctuations in vessel and container supply, industry consolidation, demand for containerized shipping services, bunker and alternative fuel prices and supply, charter and freight rates, container values and other factors affecting supply and demand; our plans regarding our business strategy, areas of possible expansion and expected capital spending or operating expenses; our ability to adequately respond to political, economic and military instability in Israel and the Middle East (particularly as a result of the Israel-Hamas war and the Israel-Hezbollah and Israel-Iran armed conflicts), and our ability to maintain business continuity as an Israeli-incorporated company in times of emergency; our ability to effectively handle cyber-security threats and recover from cyber-security incidents, including in connection with the war between Israel and Iran and Iranian-backed proxies; our anticipated ability to obtain additional financing in the future to fund expenditures; our expectation of modifications with respect to our and other shipping companies’ operating fleet and lines, including the utilization of larger vessels within certain trade zones and modifications made in light of environmental regulations; the expected benefits of our cooperation agreements and strategic partnerships; formation of new alliances among global carriers, changes in and disintegration of existing alliances and collaborations, including alliances and collaborations to which we are not a party to; our anticipated insurance costs; our expectations regarding the availability of crew; our expectations regarding our environmental and regulatory conditions, including extreme weather events (such as the drought conditions in the Panama Canal), changes in laws and regulations or actions taken by regulatory authorities, and the expected effect of such regulations; our expectations regarding potential liability from current or future litigation; our plans regarding hedging activities; our ability to pay dividends in accordance with our dividend policy; our expectations regarding our competition and ability to compete effectively, and other risks and uncertainties detailed from time to time in the Company’s filings with the U.S. Securities and Exchange Commission (SEC), including under the caption “Risk Factors” in its 2025 Annual Report filed with the SEC on March 9, 2026 and its Notice and Proxy Statement attached as Exhibit 99.1 to its Current Report filed with the SEC on March 19, 2026 in connection with the pending transaction with Hapag-Lloyd.

Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. The Company assumes no duty to update any of these forward-looking statements after the date hereof to conform its prior statements to actual results or revised expectations, except as otherwise required by law.

The Company prepares its financial statements in accordance with IFRS Accounting Standards (IFRSs), as issued by the International Accounting Standards Board (IASB).

Use of Non-IFRS Financial Measures

The Company presents non-IFRS measures as additional performance measures as the Company believes that it enables the comparison of operating performance between periods on a consistent basis. These measures should not be considered in isolation, or as a substitute for operating income, any other performance measures, or cash flow data, which were prepared in accordance with IFRS as measures of profitability or liquidity. Please note that Adjusted EBITDA does not take into account debt service requirements or other commitments, as well as capital expenditures, and therefore, does not necessarily indicate the amounts that may be available for the Company's use. In addition, the non-IFRS financial measures presented by the Company may not be comparable to similarly titled measures reported by other companies due to differences in the way these measures are calculated.

- 8 -

Adjusted EBITDA is a non-IFRS financial measure which we define as net income (loss) adjusted to exclude financial expenses (income), net, income taxes, depreciation and amortization in order to reach EBITDA, and further adjusted, as applicable, to exclude impairment of assets (or the reversal of which), capital gains (losses) beyond the ordinary course of business, expenses related to legal contingencies and acquisition related expenses (compensation costs and professional fees).

Adjusted EBIT is a non-IFRS financial measure which we define as net income (loss) adjusted to exclude financial expenses (income), net and income taxes, in order to reach our results from operating activities, or EBIT, and further adjusted, as applicable, to exclude impairment of assets (or the reversal of which), capital gains (losses) beyond the ordinary course of business, expenses related to legal contingencies and acquisition related expenses (compensation costs and professional fees).

Adjusted Net Income is a non-IFRS financial measure which we define as net income (loss) adjusted, as applicable, to exclude impairment of assets (or the reversal of which), capital gains (losses) beyond the ordinary course of business, expenses related to legal contingencies and acquisition related expenses (compensation costs and professional fees), all of which net of their respective income tax effect.

Free cash flow is a non-IFRS financial measure which we define as net cash generated from operating activities minus capital expenditures, net.

Net debt is a non-IFRS financial measure which we define as face value of short- and long-term debt, minus cash and cash equivalents, bank deposits and other investment instruments.

Net cash position is a non-IFRS financial measure which we define as the total cash position (which includes cash and cash equivalents, bank deposits and other investment instruments) minus financial debt (i.e., excluding lease liabilities).

Net leverage ratio is a non-IFRS financial measure which we define as net debt (see above) divided by Adjusted EBITDA for the last twelve-month period. When our net debt is less than zero, we report the net leverage ratio as zero.

See the reconciliation of net income to Adjusted EBIT, Adjusted EBITDA and Adjusted net income and net cash generated from operating activities to free cash flow in the tables provided below.

- 9 -

Investor Relations:

Elana Holzman
ZIM Integrated Shipping Services Ltd.
+972-4-865-2300
holzman.elana@zim.com

Leon Berman
The IGB Group
212-477-8438
lberman@igbir.com

Media:

Yifat Ginzberg
ZIM Integrated Shipping Services Ltd.
+972-4-865-2249
media@zim.com

- 10 -

CONSOLIDATED BALANCE SHEET (Unaudited) (U.S. dollars in millions)
		June 30								December 31
		2026				2025				2025
Assets
Vessels			5,372.6				5,825.0				5,801.7
Containers and handling equipment			1,078.0				1,058.0				1,102.1
Other tangible assets			137.1				109.1				137.8
Intangible assets			108.0				109.9				109.4
Investments in associates			31.1				33.3				28.6
Other investments			958.3				1,137.6				1,051.7
Other receivables			117.3				50.4				137.0
Deferred tax assets			9.0				7.7				9.2
Total non-current assets			7,811.4				8,331.0				8,377.5
Inventories			223.1				199.3				167.8
Trade and other receivables			992.7				794.6				676.0
Other investments			600.9				585.7				735.1
Cash and cash equivalents			1,037.1				1,187.1				1,051.7
Total current assets			2,853.8				2,766.7				2,630.6
Total assets			10,665.2				11,097.7				11,008.1
Equity
Share capital and reserves			2,041.4				2,046.4				2,051.4
Retained earnings			1,839.8				1,851.0				1,969.5
Equity attributable to owners of the Company			3,881.2				3,897.4				4,020.9
Non-controlling interests			3.4				4.3				4.7
Total equity			3,884.6				3,901.7				4,025.6
Liabilities
Lease liabilities			4,191.2				4,647.4				4,551.6
Loans and other liabilities			42.2				52.3				47.2
Employee benefits			78.4				60.9				63.4
Deferred tax liabilities			173.4				130.9				186.2
Total non-current liabilities			4,485.2				4,891.5				4,848.4
Trade and other payables			714.4				641.7				636.4
Provisions			117.2				93.6				118.4
Contract liabilities			384.6				353.7				239.9
Lease liabilities			1,041.1				1,167.6				1,096.5
Loans and other liabilities			38.1				47.9				42.9
Total current liabilities			2,295.4				2,304.5				2,134.1
Total liabilities			6,780.6				7,196.0				6,982.5
Total equity and liabilities			10,665.2				11,097.7				11,008.1

- 11 -

CONSOLIDATED INCOME STATEMENTS (Unaudited) (U.S. dollars in millions, except per share data)
		Six Months ended June 30								Three Months ended June 30								Year ended December 31
		2026				2025				2026				2025				2025
Income from voyages and related services			3,177.2				3,642.3				1,780.7				1,635.7				6,904.2
Cost of voyages and related services:
Operating expenses and cost of services			(2,245.3	)			(2,260.6	)			(1,213.6	)			(1,098.0	)			(4,460.8	)
Depreciation			(619.7	)			(627.7	)			(312.1	)			(316.9	)			(1,259.5	)
Impairment reversal of assets																			137.0
Gross profit			312.2				754.0				255.0				220.8				1,320.9
Other operating income			27.9				27.8				2.5				15.3				43.4
Other operating expenses			(0.9	)			(0.2	)			(0.8	)			(0.2	)			(1.5	)
General and administrative expenses			(203.7	)			(163.2	)			(107.5	)			(84.2	)			(336.3	)
Share of loss of associates			(9.5	)			(4.9	)			(4.9	)			(2.5	)			(10.5	)
Results from operating activities			126.0				613.5				144.3				149.2				1,016.0
Finance income			56.4				69.7				24.1				29.7				133.1
Finance expenses			(219.9	)			(253.4	)			(107.7	)			(129.6	)			(490.6	)
Net finance expenses			(163.5	)			(183.7	)			(83.6	)			(99.9	)			(357.5	)
Profit (loss) before income taxes			(37.5	)			429.8				60.7				49.3				658.5
Income taxes			15.3				(110.0	)			3.4				(25.6	)			(177.0	)
Profit (loss) for the period			(22.2	)			319.8				64.1				23.7				481.5
Attributable to:
Owners of the Company			(22.5	)			318.1				63.5				22.8				479.2
Non-controlling interests			0.3				1.7				0.6				0.9				2.3
Profit (loss) for the period			(22.2	)			319.8				64.1				23.7				481.5
Earnings (loss) per share (US$)
Basic earnings (loss) per 1 ordinary share			(0.19	)			2.64				0.53				0.19				3.98
Diluted earnings (loss) per 1 ordinary share			(0.19	)			2.64				0.53				0.19				3.98
Weighted average number of shares for earnings per share calculation:
Basic			120,498,861				120,448,448				120,520,263				120,457,512				120,453,671
Diluted			120,498,861				120,511,122				120,658,073				120,508,193				120,515,854

- 12 -

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (U.S. dollars in millions)
		Six Months ended June 30								Three Months ended June 30								Year ended December 31
		2026				2025				2026				2025				2025
Cash flows from operating activities
Profit (loss) for the period			(22.2	)			319.8				64.1				23.7				481.5
Adjustments for:
Depreciation and amortization			640.0				639.0				322.0				323.1				1,286.1
Impairment reversal																			(137.0	)
Net finance expenses			163.5				183.7				83.6				99.9				357.5
Share of losses and change in fair value of investees			(10.5	)			0.1				4.9				(2.3	)			5.6
Capital gains, net			(7.6	)			(22.6	)			(2.8	)			(10.7	)			(37.6	)
Income taxes			(15.3	)			110.0				(3.4	)			25.6				177.0
Other non-cash items			0.4				2.1				0.2				1.7				(0.1	)
			748.3				1,232.1				468.6				461.0				2,133.0
Change in inventories			(55.3	)			12.9				(16.5	)			18.2				44.4
Change in trade and other receivables			(304.4	)			139.7				(266.6	)			(42.1	)			262.3
Change in trade and other payables, including contract liabilities			219.2				(154.3	)			188.9				(28.1	)			(267.1	)
Change in provisions and employee benefits			10.3				11.4				2.7				10.0				35.6
			(130.2	)			9.7				(91.5	)			(42.0	)			75.2
Dividends received from associates			1.2				1.0												1.9
Interest received			52.0				61.9				24.5				31.5				113.7
Income taxes paid			(14.0	)			(8.7	)			(7.0	)			(9.2	)			(24.3	)
Net cash generated from operating activities			657.3				1,296.0				394.6				441.3				2,299.5
Cash flows from investing activities
Proceeds from sale of tangible assets, intangible assets, and interest in investees			6.2				19.0				2.5				9.1				36.6
Acquisition and capitalized expenditures of tangible assets, intangible assets and interest in investees			(42.9	)			(102.4	)			(11.6	)			(24.4	)			(217.7	)
Disposal of investment instruments, net			87.9				37.7				41.4				50.9				148.6
Loans granted to investees			(6.8	)			(3.9	)			(3.3	)			(2.0	)			(8.1	)
Change in other receivables			15.6				15.3				7.8				7.9				(67.5	)
Change in other investments (mainly deposits), net			158.5				133.8				76.3				99.7				(25.2	)
Net cash generated from (used in) investing activities			218.5				99.5				113.1				141.2				(133.3	)
Cash flows from financing activities
Repayment of lease liabilities and borrowings			(564.0	)			(810.0	)			(282.7	)			(349.6	)			(1,439.6	)
Dividend paid to owners of the Company			(106.1	)			(471.0	)							(471.0	)			(515.6	)
Dividend paid to non-controlling interests			(0.4	)			(3.8	)							(3.6	)			(3.8	)
Interest paid			(217.4	)			(241.6	)			(106.8	)			(119.9	)			(474.3	)
Net cash used in financing activities			(887.9	)			(1,526.4	)			(389.5	)			(944.1	)			(2,433.3	)
Net change in cash and cash equivalents			(12.1	)			(130.9	)			118.2				(361.6	)			(267.1	)
Cash and cash equivalents at beginning of the period			1,051.7				1,314.7				921.6				1,546.1				1,314.7
Effect of exchange rate fluctuation on cash held			(2.5	)			3.3				(2.7	)			2.6				4.1
Cash and cash equivalents at the end of the period			1,037.1				1,187.1				1,037.1				1,187.1				1,051.7

- 13 -

RECONCILIATION OF NET INCOME TO ADJUSTED EBIT* (U.S. dollars in millions)
		Six months ended June 30								Three months ended June 30
		2026				2025				2026				2025
Net income (loss)			(22	)			320				64				24
Financial expenses, net			164				184				84				100
Income taxes			(15	)			110				(3	)			26
Operating income (EBIT)			126				613				144				149
Capital loss (gain), beyond the ordinary course of business			(1	)			(2	)			0				0
Acquisition related costs			39				0				25				0
Adjusted EBIT			164				612				169				149
Adjusted EBIT margin			5	%			17	%			10	%			9	%

* The table above may contain slight summation differences due to rounding.

RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA* (U.S. dollars in millions)
		Six months ended June 30								Three months ended June 30
		2026				2025				2026				2025
Net income (loss)			(22	)			320				64				24
Financial expenses, net			164				184				84				100
Income taxes			(15	)			110				(3	)			26
Depreciation and amortization			640				639				322				323
EBITDA			766				1,253				466				472
Capital loss (gain), beyond the ordinary course of business			(1	)			(2	)			0				0
Acquisition related costs			39								25
Adjusted EBITDA			804				1,251				491				472
Adjusted EBITDA margin			25	%			34	%			28	%			29	%

* The table above may contain slight summation differences due to rounding.

- 14 -

RECONCILIATION OF NET INCOME TO ADJUSTED NET INCOME* (U.S. dollars in millions)
		Six months ended June 30								Three months ended June 30
		2026				2025				2026				2025
Net income (loss)			(22	)			320				64				24
Capital loss (gain), beyond the ordinary course of business (net of tax)			(1	)			(2	)			0				0
Acquisition related costs (net of tax)			27				0				13				0
Adjusted net income (loss)			4				318				77				24
Net income (loss) margin			(1	)%			9	%			4	%			1	%
Adjusted net income (loss) margin			0	%			9	%			4	%			1	%

* The table above may contain slight summation differences due to rounding.

RECONCILIATION OF NET CASH GENERATED FROM OPERATING ACTIVITIES TO FREE CASH FLOW* (U.S. dollars in millions)
		Six months ended June 30								Three months ended June 30
		2026				2025				2026				2025
Net cash generated from operating activities			657				1,296				395				441
Capital expenditures, net			(36	)			(83	)			(9	)			(15	)
Free cash flow			621				1,213				386				426

* The table above may contain slight summation differences due to rounding.

- 15 -

Exhibit 99.2

ZIM INTEGRATED SHIPPING SERVICES LTD.

CONDENSED CONSOLIDATED UNAUDITED INTERIM

FINANCIAL STATEMENTS

JUNE 30, 2026

ZIM INTEGRATED SHIPPING SERVICES LTD.

INDEX TO CONDENSED CONSOLIDATED UNAUDITED INTERIM FINANCIAL STATEMENTS

	Page
FINANCIAL STATEMENTS:
Condensed consolidated unaudited interim Statements of Financial Position	3
Condensed consolidated unaudited interim Income Statements	4
Condensed consolidated unaudited interim Statements of Comprehensive Income	5
Condensed consolidated unaudited interim Statements of Changes in Equity	6-7
Condensed consolidated unaudited interim Statements of Cash Flows	8-9
Notes to the condensed consolidated unaudited interim Financial Statements	10-16

2

ZIM INTEGRATED SHIPPING SERVICES LTD.

CONDENSED CONSOLIDATED UNAUDITED INTERIM STATEMENTS OF FINANCIAL POSITION

					June 30								December 31
					2026				2025				2025
		Note			US $ in millions
Assets
Vessels		6				5,372.6				5,825.0				5,801.7
Containers and handling equipment		6				1,078.0				1,058.0				1,102.1
Other tangible assets		6				137.1				109.1				137.8
Intangible assets						108.0				109.9				109.4
Investments in associates						31.1				33.3				28.6
Other investments						958.3				1,137.6				1,051.7
Other receivables						117.3				50.4				137.0
Deferred tax assets						9.0				7.7				9.2
Total non-current assets						7,811.4				8,331.0				8,377.5
Inventories						223.1				199.3				167.8
Trade and other receivables						992.7				794.6				676.0
Other investments						600.9				585.7				735.1
Cash and cash equivalents						1,037.1				1,187.1				1,051.7
Total current assets						2,853.8				2,766.7				2,630.6
Total assets						10,665.2				11,097.7				11,008.1
Equity
Share capital and reserves		5				2,041.4				2,046.4				2,051.4
Retained earnings						1,839.8				1,851.0				1,969.5
Equity attributable to owners of the Company						3,881.2				3,897.4				4,020.9
Non-controlling interests						3.4				4.3				4.7
Total equity						3,884.6				3,901.7				4,025.6
Liabilities
Lease liabilities						4,191.2				4,647.4				4,551.6
Loans and other liabilities						42.2				52.3				47.2
Employee benefits						78.4				60.9				63.4
Deferred tax liabilities						173.4				130.9				186.2
Total non-current liabilities						4,485.2				4,891.5				4,848.4
Trade and other payables						714.4				641.7				636.4
Provisions						117.2				93.6				118.4
Contract liabilities						384.6				353.7				239.9
Lease liabilities						1,041.1				1,167.6				1,096.5
Loans and other liabilities						38.1				47.9				42.9
Total current liabilities						2,295.4				2,304.5				2,134.1
Total liabilities						6,780.6				7,196.0				6,982.5
Total equity and liabilities						10,665.2				11,097.7				11,008.1

/s/ Yair Seroussi		/s/ Chen Lichtenstein		/s/ Sami Jubran
Yair Seroussi		Chen Lichtenstein		Sami Jubran
Chairman of the Board of Directors		President & Chief Executive Officer		Chief Financial Officer

Date of approval of the Financial Statements: August 19, 2026.

The accompanying Notes are an integral part of these condensed consolidated unaudited interim Financial Statements.

3

ZIM INTEGRATED SHIPPING SERVICES LTD.

CONDENSED CONSOLIDATED UNAUDITED INTERIM INCOME STATEMENTS

					Six months ended June 30								Three months ended June 30								Year ended December 31
					2026				2025				2026				2025				2025
		Note			US $ in millions
Income from voyages and related services		7				3,177.2				3,642.3				1,780.7				1,635.7				6,904.2
Cost of voyages and related services:
Operating expenses and cost of services		8				(2,245.3	)			(2,260.6	)			(1,213.6	)			(1,098.0	)			(4,460.8	)
Depreciation						(619.7	)			(627.7	)			(312.1	)			(316.9	)			(1,259.5	)
Impairment reversal of assets																						137.0
Gross profit						312.2				754.0				255.0				220.8				1,320.9
Other operating income						27.9				27.8				2.5				15.3				43.4
Other operating expenses						(0.9	)			(0.2	)			(0.8	)			(0.2	)			(1.5	)
General and administrative expenses						(203.7	)			(163.2	)			(107.5	)			(84.2	)			(336.3	)
Share of loss of associates						(9.5	)			(4.9	)			(4.9	)			(2.5	)			(10.5	)
Results from operating activities						126.0				613.5				144.3				149.2				1,016.0
Finance income						56.4				69.7				24.1				29.7				133.1
Finance expenses						(219.9	)			(253.4	)			(107.7	)			(129.6	)			(490.6	)
Net finance expenses						(163.5	)			(183.7	)			(83.6	)			(99.9	)			(357.5	)
Profit (loss) before income taxes						(37.5	)			429.8				60.7				49.3				658.5
Income taxes						15.3				(110.0	)			3.4				(25.6	)			(177.0	)
Profit (loss) for the period						(22.2	)			319.8				64.1				23.7				481.5
Attributable to:
Owners of the Company						(22.5	)			318.1				63.5				22.8				479.2
Non-controlling interests						0.3				1.7				0.6				0.9				2.3
Profit (loss) for the period						(22.2	)			319.8				64.1				23.7				481.5
Earnings (loss) per share (US$)
Basic earnings (loss) per 1 ordinary share		10				(0.19	)			2.64				0.53				0.19				3.98
Diluted earnings (loss) per 1 ordinary share		10				(0.19	)			2.64				0.53				0.19				3.98

The accompanying Notes are an integral part of these condensed consolidated unaudited interim Financial Statements.

4

ZIM INTEGRATED SHIPPING SERVICES LTD.

CONDENSED CONSOLIDATED UNAUDITED INTERIM STATEMENTS OF COMPREHENSIVE INCOME

		Six months ended June 30								Three months ended June 30								Year ended December 31
		2026				2025				2026				2025				2025
		US $ in millions
Profit (loss) for the period			(22.2	)			319.8				64.1				23.7				481.5
Other components of comprehensive income:
Items of other comprehensive income that were or will be reclassified to profit or loss
Foreign currency translation differences for foreign operations			(2.2	)			2.1				(3.7	)			2.8				2.2
Net change in fair value of investments in debt instruments at fair value through other comprehensive income, net of tax			(8.7	)			9.3				(2.2	)			3.5				11.9
Net change in fair value of investments in debt instruments at fair value through other comprehensive income that was transferred to profit or loss			(0.9	)			0.1				(0.4	)			0.3				(1.0	)
Items of other comprehensive income that would never be reclassified to profit or loss
Net change in fair value of investments in equity instruments at fair value through other comprehensive income, net of tax			(0.2	)			0.2				(0.1	)			0.1				1.6
Defined benefit pension plans actuarial gains (losses), net of tax			(1.1	)			(0.3	)			(1.4	)			(0.8	)			1.6
Other comprehensive income for the period, net of tax			(13.1	)			11.4				(7.8	)			5.9				16.3
Total comprehensive income for the period			(35.3	)			331.2				56.3				29.6				497.8
Attributable to:
Owners of the Company			(34.4	)			328.9				56.8				27.7				495.1
Non-controlling interests			(0.9	)			2.3				(0.5	)			1.9				2.7
Total comprehensive income for the period			(35.3	)			331.2				56.3				29.6				497.8

The accompanying Notes are an integral part of these condensed consolidated unaudited interim Financial Statements.

5

ZIM INTEGRATED SHIPPING SERVICES LTD.

CONDENSED CONSOLIDATED UNAUDITED INTERIM STATEMENTS OF CHANGES IN EQUITY

		Attribute to the owners of the Company
		Share capital				General reserves (*)				Translation reserve				Retained earnings				Total				Non-controlling interests				Total equity
																														US $ in millions
For the six months period ended June 30, 2026
Balance at January 1, 2026			927.6				1,167.8				(44.0	)			1,969.5				4,020.9				4.7				4,025.6
Loss for the period															(22.5	)			(22.5	)			0.3				(22.2	)
Other comprehensive income for the period, net of tax							(9.8	)			(1.0	)			(1.1	)			(11.9	)			(1.2	)			(13.1	)
Share-based compensation							0.8												0.8								0.8
Exercise of options			11.9				(11.9	)
Dividend to owners of the Company															(106.1	)			(106.1	)							(106.1	)
Dividend to non-controlling interests in subsidiaries																							(0.4	)			(0.4	)
Balance at June 30, 2026			939.5				1,146.9				(45.0	)			1,839.8				3,881.2				3.4				3,884.6
For the three months period ended June 30, 2026
Balance at April 1, 2026			939.0				1,149.9				(42.4	)			1,777.7				3,824.2				3.9				3,828.1
Profit for the period															63.5				63.5				0.6				64.1
Other comprehensive income for the period, net of tax							(2.7	)			(2.6	)			(1.4	)			(6.7	)			(1.1	)			(7.8	)
Share-based compensation							0.2												0.2								0.2
Exercise of options			0.5				(0.5	)
Balance at June 30, 2026			939.5				1,146.9				(45.0	)			1,839.8				3,881.2				3.4				3,884.6

(*) Include reserves related to share-based compensation, changes in fair value of investment instruments and transactions with an interested party in prior periods.

The accompanying Notes are an integral part of these condensed consolidated unaudited interim Financial Statements.

6

ZIM INTEGRATED SHIPPING SERVICES LTD.

CONDENSED CONSOLIDATED UNAUDITED INTERIM STATEMENTS OF CHANGES IN EQUITY

		Attribute to the owners of the Company
		Share capital				General reserves (*)				Translation reserve				Retained earnings				Total				Non-controlling interests				Total equity
																														US $ in millions
For the six months period ended June 30, 2025
Balance at January 1, 2025			927.3				1,151.3				(45.9	)			2,004.2				4,036.9				5.8				4,042.7
Profit for the period															318.1				318.1				1.7				319.8
Other comprehensive income for the period, net of tax							9.6				1.5				(0.3	)			10.8				0.6				11.4
Share-based compensation							2.6												2.6								2.6
Exercise of options			0.3				(0.3	)
Dividend to owners of the Company															(471.0	)			(471.0	)							(471.0	)
Dividend to non-controlling interests in subsidiaries																							(3.8	)			(3.8	)
Balance at June 30, 2025			927.6				1,163.2				(44.4	)			1,851.0				3,897.4				4.3				3,901.7
For the three months period ended June 30, 2025
Balance at April 1, 2025			927.5				1,158.5				(46.2	)			1,918.1				3,957.9				6.0				3,963.9
Profit for the period															22.8				22.8				0.9				23.7
Other comprehensive income for the period, net of tax							3.9				1.8				(0.8	)			4.9				1.0				5.9
Share-based compensation							0.9												0.9								0.9
Exercise of options			0.1				(0.1	)
Dividend to owners of the Company															(89.1	)			(89.1	)							(89.1	)
Dividend to non-controlling interests in subsidiaries																							(3.6	)			(3.6	)
Balance at June 30, 2025			927.6				1,163.2				(44.4	)			1,851.0				3,897.4				4.3				3,901.7
For the year ended December 31, 2025
Balance at January 1, 2025			927.3				1,151.3				(45.9	)			2,004.2				4,036.9				5.8				4,042.7
Profit for the year															479.2				479.2				2.3				481.5
Other comprehensive income for the year, net of tax							12.3				1.9				1.7				15.9				0.4				16.3
Exercise of options			0.3				(0.3	)
Share-based compensation							4.5												4.5								4.5
Dividend to owners of the Company															(515.6	)			(515.6	)							(515.6	)
Dividend to non-controlling interests in subsidiaries																							(3.8	)			(3.8	)
Balance at December 31, 2025			927.6				1,167.8				(44.0	)			1,969.5				4,020.9				4.7				4,025.6

(*) Include reserves related to share-based compensation, changes in fair value of investment instruments and transactions with an interested party in prior periods.

 The accompanying Notes are an integral part of these condensed consolidated unaudited interim Financial Statements.

7

ZIM INTEGRATED SHIPPING SERVICES LTD.

CONDENSED CONSOLIDATED UNAUDITED INTERIM STATEMENTS OF CASH FLOWS

		Six months ended								Three months ended								Year ended
		June 30								June 30								December 31
		2026				2025				2026				2025				2025
		US $ in millions
Cash flows from operating activities
Profit (loss) for the period			(22.2	)			319.8				64.1				23.7				481.5
Adjustments for:
Depreciation and amortization			640.0				639.0				322.0				323.1				1,286.1
Impairment reversal																			(137.0	)
Net finance expenses			163.5				183.7				83.6				99.9				357.5
Share of losses and change in fair value of investees			(10.5	)			0.1				4.9				(2.3	)			5.6
Capital gains, net			(7.6	)			(22.6	)			(2.8	)			(10.7	)			(37.6	)
Income taxes			(15.3	)			110.0				(3.4	)			25.6				177.0
Other non-cash items			0.4				2.1				0.2				1.7				(0.1	)
			748.3				1,232.1				468.6				461.0				2,133.0
Change in inventories			(55.3	)			12.9				(16.5	)			18.2				44.4
Change in trade and other receivables			(304.4	)			139.7				(266.6	)			(42.1	)			262.3
Change in trade and other payables, including contract liabilities			219.2				(154.3	)			188.9				(28.1	)			(267.1	)
Change in provisions and employee benefits			10.3				11.4				2.7				10.0				35.6
			(130.2	)			9.7				(91.5	)			(42.0	)			75.2
Dividends received from associates			1.2				1.0												1.9
Interest received			52.0				61.9				24.5				31.5				113.7
Income taxes paid			(14.0	)			(8.7	)			(7.0	)			(9.2	)			(24.3	)
Net cash generated from operating activities			657.3				1,296.0				394.6				441.3				2,299.5
Cash flows from investing activities
Proceeds from sale of tangible assets, intangible assets, and interest in investees			6.2				19.0				2.5				9.1				36.6
Acquisition and capitalized expenditures of tangible     assets, intangible assets and interest in investees			(42.9	)			(102.4	)			(11.6	)			(24.4	)			(217.7	)
Disposal of investment instruments, net			87.9				37.7				41.4				50.9				148.6
Loans granted to investees			(6.8	)			(3.9	)			(3.3	)			(2.0	)			(8.1	)
Change in other receivables			15.6				15.3				7.8				7.9				(67.5	)
Change in other investments (mainly deposits), net			158.5				133.8				76.3				99.7				(25.2	)
Net cash generated from (used in) investing activities			218.5				99.5				113.1				141.2				(133.3	)

The accompanying Notes are an integral part of these condensed consolidated unaudited interim Financial Statements.

8

ZIM INTEGRATED SHIPPING SERVICES LTD.

CONDENSED CONSOLIDATED UNAUDITED INTERIM STATEMENTS OF CASH FLOWS

		Six months ended								Three months ended								Year ended
		June 30								June 30								December 31
		2026				2025				2026				2025				2025
		US $ in millions
Cash flows from financing activities
Repayment of lease liabilities and borrowings			(564.0	)			(810.0	)			(282.7	)			(349.6	)			(1,439.6	)
Dividend paid to owners of the Company			(106.1	)			(471.0	)							(471.0	)			(515.6	)
Dividend paid to non-controlling interests			(0.4	)			(3.8	)							(3.6	)			(3.8	)
Interest paid			(217.4	)			(241.6	)			(106.8	)			(119.9	)			(474.3	)
Net cash used in financing activities			(887.9	)			(1,526.4	)			(389.5	)			(944.1	)			(2,433.3	)
Net change in cash and cash equivalents			(12.1	)			(130.9	)			118.2				(361.6	)			(267.1	)
Cash and cash equivalents at beginning of the period			1,051.7				1,314.7				921.6				1,546.1				1,314.7
Effect of exchange rate fluctuation on cash held			(2.5	)			3.3				(2.7	)			2.6				4.1
Cash and cash equivalents at the end of the period			1,037.1				1,187.1				1,037.1				1,187.1				1,051.7

The accompanying Notes are an integral part of these condensed consolidated unaudited interim Financial Statements.

9

ZIM INTEGRATED SHIPPING SERVICES LTD.

NOTES TO THE CONDENSED CONSOLIDATED UNAUDITED INTERIM FINANCIAL STATEMENTS

1 Reporting entity

ZIM Integrated Shipping Services Ltd. (hereinafter - the "Company" or "ZIM") and its subsidiaries (hereinafter – "the Group" or "the Companies") and the Group’s interests in associates, operate in the field of cargo shipping and related services.

ZIM is a company incorporated in Israel, with limited liability. ZIM’s ordinary shares have been listed on the New York Stock Exchange (the “NYSE”) under the symbol “ZIM” on January 28, 2021. The address of the Company’s registered office is 9 Andrei Sakharov Street, Haifa, Israel.

Entry Into Agreement and Plan of Merger

On February 16, 2026, the Company entered into an Agreement and Plan of Merger, by and among the Company, Hapag-Lloyd AG, a shipping company incorporated under the laws of Germany (“Parent”), and Norazia (Israel) Ltd., a company organized under the laws of the State of Israel and a direct or indirect wholly owned Subsidiary of Parent (“Merger Sub”). Pursuant to the Merger Agreement, and upon the terms and subject to the conditions therein, Merger Sub will merge with and into the Company (the “Merger”), with the Company continuing as the surviving corporation in the Merger and a wholly owned subsidiary of Parent. In connection with the Merger Agreement, Parent entered into a binding memorandum of understanding with FIMI Opportunity 7, L.P. and FIMI Israel Opportunity 7, Limited Partnership (together, “FIMI”), pursuant to which certain activities and related assets will be transferred to a new entity established by FIMI, that would assume the responsibilities related to the Special State Share, subject to the approval of the State of Israel (see also Note 12(b) to the Company’s 2025 annual financial statements).

In a Special Shareholders’ Meeting held on April 30, 2026, among several topics on the agenda, the proposed Merger transaction was approved. The completion of the Merger is subject to certain conditions, including, among others, obtaining the approval in connection with the Special State Share, and other regulatory approvals required.

During the recent months, several governmental offices of the State of Israel, including the Ministry of Defense and the Ministry of Economy and Industry, provided professional opinions expressing their objections to the proposed merger in its current structure, based on concerns regarding potential risks to the state’s national security, economic independence and long-term commercial prospects. However, as of the date of the publication of these financial statements, no formal decision of the State of Israel was made and no such formal decision was delivered to the parties to the merger with respect to the proposed merger.

Upon the completion of the merger, if completed, each issued and outstanding ordinary share of the Company, excluding the Special State Share, will automatically be converted into the right to receive $35.00 per share in cash, without interest (the “Merger Consideration”). At that time, the Company Shares will be delisted from the New York Stock Exchange and deregistered under the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

10

ZIM INTEGRATED SHIPPING SERVICES LTD.

NOTES TO THE CONDENSED CONSOLIDATED UNAUDITED INTERIM FINANCIAL STATEMENTS

2 Basis of compliance

(a) Statement of compliance

These condensed consolidated unaudited interim Financial Statements have been prepared in accordance with IAS 34 Interim Financial Reporting. They do not include all of the information required for annual Financial Statements and should be read in conjunction with the consolidated Financial Statements of the Company as at and for the year ended December 31, 2025 (hereafter – the “annual Financial Statements”). These condensed consolidated unaudited interim Financial Statements were approved by the Board of Directors on August 19, 2026.

(b) Estimates

The preparation of Financial Statements in conformity with IFRSs requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. The estimates and associated assumptions are based on historical experience and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making the judgements about carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates. The significant judgments made by management in applying the Group’s accounting policies and the principal assumptions used in the estimation of uncertainty were the same as those applied in the annual Financial Statements.

3 Material accounting policies

The material accounting policies applied by the Group in these unaudited condensed consolidated interim Financial Statements are the same as those applied by the Group in its annual Financial Statements.

11

ZIM INTEGRATED SHIPPING SERVICES LTD.

NOTES TO THE CONDENSED CONSOLIDATED UNAUDITED INTERIM FINANCIAL STATEMENTS

4 Financial position

(a) The container shipping industry continues to be impacted by the supply and demand dynamics, as well as by uncertainties in the global trade, including the implications of the ongoing armed conflicts in the Middle-East and between Russia and Ukraine, the recent disruption in the strait of Hormuz and the continuing disruption in the Red Sea, the changing, and sometimes escalating, trade barriers between the US and China and other countries, and other geopolitical challenges. Furthermore, in February 2026, a US Supreme Court ruling determined that certain tariffs imposed by the Trump administration pursuant to the International Emergency Economic Powers Act are invalid, adding uncertainty to the business environment. These factors contribute to the continuing volatility in freight rates, charter rates and bunker prices (including the recent volatility in bunker prices, due to the implications of the above-mentioned developments in the Middle-East and in the strait of Hormuz). In addition, regulators in certain jurisdictions continue to enforce enhanced regulatory oversight activities over our industry.

In October 2025, following meetings held between the US and China administrations, both countries announced a mutual one-year suspension, as from November 10, 2025, in respect of substantial fees previously declared to be imposed on China-related vessels calling US ports and US-related vessels calling China ports.

Since October 2023, Israel has been involved in a prolonged war situation, including a direct armed conflict with Iran that was concluded in June 2025, as well as the more recent armed conflict between Iran and the combined forces of the U.S. and Israel, which began in February 2026, and as of mid-August 2026, remains unresolved with diplomatic negotiations continuing alongside military blows exchanges between the U.S. and Iran, also affecting additional countries in the region. In parallel, Israel initiated earlier this year a military operation in the south of Lebanon against Hizballah, while holding negotiations with the State of Lebanon that recently matured into a framework agreement between the two countries. To date, this situation has had no material impact on the Company’s activities in Israel. However, those may be subject to disruptions if this situation was to further escalate.

Further to the above, during 2025 freight rates have experienced an overall decrease, while demonstrating high level of volatility as certain markets reacted to announcements on tariffs issued by the U.S administration. During the second quarter of 2026, freight rates have increased in most trades, reflecting increased demands following mixed trends demonstrated in first quarter of 2026.

(b) Charter agreements:

As of today, the Company has secured the future delivery of 40 vessels, out of which 36 are new-built vessels, ten are liquefied natural gas (LNG) dual-fuel vessels, and ten are scrubber-fitted vessels. The vessels, with capacities ranging from 3,000 TEU to 11,500 TEU, are scheduled to be delivered towards the end of 2026 and through 2028 and will be deployed across the Company’s various global trades (see also Note 26 to the Company’s 2025 annual financial statements).

(c) In April 2026, the Company was approached by the Federal Maritime Commission (FMC) due to the inclusion of the Company in an industry-related investigation launched, regarding potentially discriminating practices among carriers in respect of hazardous cargo. At this preliminary stage, the Company cannot assess the outcome of this matter, if any.

12

ZIM INTEGRATED SHIPPING SERVICES LTD.

NOTES TO THE CONDENSED CONSOLIDATED UNAUDITED INTERIM FINANCIAL STATEMENTS

4 Financial position (cont’d)

(d) Following the announcement of the merger agreement between the Company and Hapag Llyod on February 16, 2026 (see also Note 1), and further to the labor dispute previously declared by the employees’ unions at the Company’s head office (in respect of a potential involvement of the Company in a merger transaction), the employees’ union undertook certain strike measures that caused temporary interruptions, which as of today has had no material impact on the Company’s activities. The Company and the employees’ union are negotiating with the aim of reaching a collective bargaining agreement with respect to the merger transaction.

(e) A recent regulation adopted in China, which came into effect in May 2026, advises that cargo carriage contracts where the cargo originated from or is scheduled to arrive to China, should be governed by Chinese law, and disputes regarding such contracts should be tried by Chinese courts. The Company is assessing the impact of the new regulation over the Company and its customers.

(f) Dividends:

In March 2026, further to the approval of the Company’s Board of Directors, the Company distributed a dividend in an amount of US$ 106 million, reflecting US$ 0.88 per ordinary share.

5 Capital and reserves

Share-Based Payment Arrangements

During the three months period ended June 30, 2026 and 2025, the Company recorded expenses related to share-based compensation arrangements of US$ 0.2 million and US$ 0.9 million, respectively. During the six months period ended June 30, 2026 and 2025 and year ended December 31, 2025, the Company recorded expenses related to share-based compensation arrangements of US$ 0.8 million, US$ 2.6 million and US$ 4.5 million, respectively.

6 Right-of-use assets

		Balance at June 30								Balance at December 31
		2026				2025				2025
		US $ in millions
Vessels			4,842.4				5,270.3				5,246.6
Containers and handling equipment			350.4				405.2				374.2
Other tangible assets			76.1				56.1				74.7
			5,268.9				5,731.6				5,695.5

13

 

ZIM INTEGRATED SHIPPING SERVICES LTD.

NOTES TO THE CONDENSED CONSOLIDATED UNAUDITED INTERIM FINANCIAL STATEMENTS

7 Income from voyages and related services

		Six months ended June 30								Three months ended June 30								Year ended December 31
		2026				2025				2026				2025				2025
		US $ in millions
Freight revenues from containerized cargo:
Pacific			1,406.6				1,527.7				836.4				665.1				2,921.0
Cross-Suez			282.1				340.3				139.2				130.0				563.9
Atlantic			307.5				363.1				164.3				175.7				665.0
Intra-Asia			342.5				359.3				185.1				171.4				747.1
Latin America			262.6				410.5				141.2				181.1				784.0
			2,601.3				3,000.9				1,466.2				1,323.3				5,681.0
Freight revenues from non-containerized cargo (mostly related to vehicle shipping services)			170.2				224.6				94.3				111.0				397.9
Other revenues (*)			405.7				416.8				220.2				201.4				825.3
			3,177.2				3,642.3				1,780.7				1,635.7				6,904.2

(*) Mainly demurrage, related services and other value-added services.

8 Operating expenses and cost of services

		Six months ended June 30								Three months ended June 30								Year ended December 31
		2026				2025				2026				2025				2025
		US $ in millions
Wages, maintenance and other vessel-operating costs			24.4				22.2				11.8				12.0				45.5
Expenses relating to fleet equipment (mainly containers and chassis)			19.5				17.7				10.2				8.8				37.0
Bunker and lubricants			569.7				608.6				335.4				294.0				1,146.7
Insurance			14.8				14.7				6.9				7.4				30.5
Expenses related to cargo handling			1,081.3				1,051.7				568.3				508.6				2,102.1
Port expenses			200.7				258.7				102.0				130.0				508.9
Agents’ salaries and commissions			138.5				123.7				77.7				60.7				250.5
Cost of related services and sundry			127.1				100.7				64.8				47.8				212.5
Slot purchases and hire of vessels			53.6				42.9				29.0				19.5				90.5
Hire of containers			15.7				19.7				7.5				9.2				36.6
			2,245.3				2,260.6				1,213.6				1,098.0				4,460.8

14

 

ZIM INTEGRATED SHIPPING SERVICES LTD.

NOTES TO THE CONDENSED CONSOLIDATED UNAUDITED INTERIM FINANCIAL STATEMENTS

9 Financial instruments

Financial instruments measured at fair value

		Balance at June 30,
		2026												2025
		US $ in millions
		Level 1				Level 3				Total				Level 1				Level 3				Total
Fair value through profit or loss
Cash and cash equivalents:
Money market instruments			393.0								393.0				511.4								511.4
Other investments:
Equity instruments							45.0				45.0								17.5				17.5
Other liabilities:
Derivative instruments							(12.2	)			(12.2	)							(16.3	)			(16.3	)
Fair value through other comprehensive income
Other investments:
Sovereign bonds			350.1								350.1				449.1								449.1
Corporate bonds			1,135.8								1,135.8				1,228.3								1,228.3
Equity instruments			3.3								3.3				2.1								2.1

		Balance at December 31,
		2025
		US $ in millions
		Level 1				Level 3				Total
Fair value through profit or loss
Cash and cash equivalents:
Money markets instruments			471.4								471.4
Other investments:
Equity instruments							21.7				21.7
Other liabilities:
Derivative instruments							(12.4	)			(12.4	)
Fair value through other comprehensive income
Other investments:
Sovereign bonds			384.1								384.1
Corporate bonds			1,194.3								1,194.3
Equity instruments			3.0								3.0

15

 

ZIM INTEGRATED SHIPPING SERVICES LTD.

NOTES TO THE CONDENSED CONSOLIDATED UNAUDITED INTERIM FINANCIAL STATEMENTS

9 Financial instruments (cont’d)

Financial instruments not measured at fair value

The carrying amounts of the Group’s financial assets and liabilities, including cash and cash equivalents, trade and other receivables, other investments, trade and other payables and loans and other liabilities, reflect reasonable approximation of their fair value.

10 Earnings per share

Basic and diluted earnings per share

		Six months ended June 30								Three months ended June 30								Year ended December 31
		2026				2025				2026				2025				2025
		US $ in millions
Profit (loss) attributable to ordinary shareholders used to calculate basic and diluted earnings per share (US $ in millions)			(22.5	)			318.1				63.5				22.8				479.2
Number of shares at the beginning of the period used to calculate basic earnings (loss) per share			120,465,908				120,423,335				120,519,658				120,457,512				120,423,333
Effect of share options			32,953				25,113				605								30,338
Weighted average number of ordinary shares used to calculate basic earnings (loss) per share			120,498,861				120,448,448				120,520,263				120,457,512				120,453,671
Effect of share options							62,674				137,810				50,681				62,183
Weighted average number of ordinary shares used to calculate diluted earnings (loss) per share			120,498,861				120,511,122				120,658,073				120,508,193				120,515,854

In the six and three months period ended June 30, 2026, options for 1,514,434 and 0 ordinary shares, respectively, granted under the Company’s share option plans for employees, officers and directors were excluded from the diluted weighted average number of ordinary shares calculation, as their effect would have been anti-dilutive.

16

Exhibit 99.3

 Investor Presentation  Q2 2026 FINANCIAL   RESULTS  August 19, 2026 

 Disclaimer  2  agreements and strategic partnerships; formation of new alliances among global carriers, changes in and disintegration of existing alliances and collaborations, including alliances and collaborations to which we are not a party to; our anticipated insurance costs; our expectations regarding the availability of crew; our expectations regarding our environmental and regulatory conditions, including extreme weather events (such as the drought conditions in the Panama Canal), changes in laws and regulations or actions taken by regulatory authorities, and the expected effect of such regulations; our expectations regarding potential liability from current or future litigation; our plans regarding hedging activities; our ability to pay dividends in accordance with our dividend policy; our expectations regarding our competition and ability to compete effectively, and other risks and uncertainties detailed from time to time in the Company’s filings with the U.S. Securities and Exchange Commission (SEC), including under the caption “Risk Factors” in its 2025 Annual Report filed with the SEC on March 9, 2026 and its Notice and Proxy Statement attached as Exhibit 99.1 to its Current Report filed with the SEC on March 19, 2026 in connection with the pending transaction with Hapag-Lloyd.    Although the Company believes the expectations reflected in the forward-looking statements contained herein are reasonable, it cannot guarantee future results, level of activity, performance or achievements. The Company assumes no duty to update any of these forward-looking statements after the date hereof to conform its prior statements to actual results or revised expectations, except as otherwise required by law.  The Company prepares its financial statements in accordance with IFRS Accounting Standards (IFRSs), as issued by the International Accounting Standards Board (IASB).  See further disclosure regarding “Use of Non-IFRS Financial Measures” below.  Use of Non-IFRS Measures in the Company’s 2026 Guidance  A reconciliation of the Company’s non-IFRS financial measures included in its full-year 2026 guidance to corresponding IFRS measures is not available on a forward-looking basis. In particular, the Company has not reconciled Adjusted EBITDA and Adjusted EBIT because the various reconciling items between such non-IFRS financial measures and the corresponding IFRS measures cannot be determined without unreasonable effort due to the uncertainty regarding, and the potential variability of, the future costs and expenses for which the Company adjusts, the effect of which may be significant, and all of which are difficult to predict and are subject to frequent change.   Forward-Looking Statements  The following information contains,, or may be deemed to contain, forward-looking statements (as defined in the U.S. Private Securities Litigation Reform Act of 1995). In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “will,” “should,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential” or “continue,” the negative of these terms and other comparable terminology. These forward-looking statements, which are subject to risks, uncertainties, assumptions, and other important factors, may include statements regarding macroeconomic and geopolitical conditions, chartering agreements, anticipated capacity, and the timing thereof, statements relating to the timing and closing of the pending transaction with Hapag-Lloyd, the Company’s anticipated growth strategies and anticipated trends in its business. These statements are only predictions based on the Company’s current expectations and projections about future events or results. There are important factors that could cause the Company’s actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause such differences include, but are not limited to: our expectations regarding general market conditions as a result of the current geopolitical instability, developments and further escalation of events, including, but not limited to, risks and uncertainties relating to outcome of the pending transaction with Hapag-Lloyd, the current military conflict between Israel and the U.S. against Iran and some of its proxies, the Houthi attacks against vessels in the Red Sea, the war between Israel and Hamas, Iran and Iranian-backed proxies (including its impact on the Strait of Hormuz), the political and military instability in the Middle East and the war between Russia and Ukraine; our expectations regarding general market conditions as a result of global economic trends, including potential rising inflation and interest rates as a result of geopolitical and other events; our expectations regarding trends related to the global container shipping industry, including with respect to fluctuations in vessel and container supply, industry consolidation, demand for containerized shipping services, bunker and alternative fuel prices and supply, charter and freight rates, container values and other factors affecting supply and demand; our plans regarding our business strategy, areas of possible expansion and expected capital spending or operating expenses; our ability to adequately respond to political, economic and military instability in Israel and the Middle East (particularly as a result of the Israel-Hamas war and the Israel-Hezbollah and Israel-Iran armed conflicts), and our ability to maintain business continuity as an Israeli-incorporated company in times of emergency; our ability to effectively handle cyber-security threats and recover from cyber-security incidents, including in connection with the war between Israel and Iran and Iranian-backed proxies; our anticipated ability to obtain additional financing in the future to fund expenditures; our expectation of modifications with respect to our and other shipping companies’ operating fleet and lines, including the utilization of larger vessels within certain trade zones and modifications made in light of environmental regulations; the expected benefits of our cooperation  Investor Presentation 

 Improved Market Conditions and Strategic Execution Drive Strong Q2 2026 Results  3  Note: Figures in parentheses reflect year-over-year comparison; Fleet percentages (40% LNG-powered, 60% newbuild) reflect share of operated capacity (TEU)  Q2 2026 corporate update  Investor Presentation  Cash Flow from Operations   $395 Mn  Net Leverage Ratio(30.06.2026)  1.6x  Net Cash Position(30.06.2026)  $2.46 Bn  Best positioned in Transpacific   Benefited from strong dynamics in strategic trade  Continued to optimize cargo mix to maximize value from expedited and premium services  Modern fleet: 60% newbuild  Competitive operating cost   High bunker efficiency   Commercial agility: optimize network to meet demand changes (new services, flexible vessel deployment)  Early LNG adoption: 40% LNG-powered  Supply agreements to secure LNG at competitive costs  LNG: 25% less fuel consumption  Revenues   $1.78 Bn  (+9%)  Adj Net Income  $77 Mn  (+226%)  Carried Volume  922 K TEU  (+3%)  Average Freight Rate  $1,590 $/TEU  (+8%)  Adj EBITDA   $491 Mn  (+4%)  Margin 28%   Adj EBIT   $169 Mn  (+14%)  Margin 10% 

 Full Year 2026 Guidance  4  Q2 2026 corporate update  Investor Presentation  2026  $2.0 Bn to $2.4 Bn  Adjusted EBITDA  $700 Mn to $1.1 Bn  Adjusted EBIT  2026 Guidance Drivers  Freight rates: higher vs. 2025  Operated capacity: stable capacity YoY  Volume: slightly higher vs. 2025   Bunker costs: meaningfully higher vs. 2025  2H’26 Expected to Significantly Exceed 1H’26 Results 

 Dividend Policy and Expected Dividend  5  Policy: distribute between  30-50%  of annual net income  Q2 2026 corporate update  Investor Presentation  Based on 2026 guidance, expect to pay dividends for this year  Note: all future dividends are subject to the discretion of Company's Board of Directors and to the restrictions provided by Israeli law  

 Pending Transaction with Hapag-Lloyd   6  Targeted  Closing  Q4 2026   ZIM shareholders to receive $35/share   ZIM shareholders   approval   obtained   State of Israel   approval (“Golden Share”)  pending   Antitrust   approvals   pending   1  2  3  4  Q2 2026 corporate update  Investor Presentation  Closing remains subject to customary conditions and regulatory approvals; the parties continue to engage with relevant authorities to obtain the required approvals  

 Note: fleet percentages (40% LNG-powered, 60% newbuild) reflect share of operated capacity (TEU)  Modern, Cost Effective Fleet; Optionality toAdjust Fleet Size   7  Vessels  128  115   containerships  13   car carriers   ~40%   ~60%   LNG powered  Newbuild  707K TEU  Re  deliveries  YTD 2026  2026  2027  4 chartered vessels  9 additional vessels up for renewal (35K TEU)   13 vessels up for renewal (28K TEU)  Optionality to   Adjust Fleet Size  Q2 2026 corporate update  Investor Presentation 

 Investing in Modern and Competitive Capacity   8  X 8,000 TEU   Vessels(Scrubber Fitted)  X 3,000-5,000 TEU   Vessels(Some Scrubber Fitted)  X 12,000 TEU   Vessels(Scrubber Fitted)  X 11,500 TEU   LNG-fueled Vessels  2  10  4  20  New charter agreements to secure 40 additional vessels, including 36 newbuilds  250K TEU incremental newbuild capacity  Q2 2026 corporate update  Investor Presentation  ExpectedDelivery  2027-2028  2H’26-1H’27  2027  2027-2028 

 Strong Freight Rates Support Improved Earnings for 2026  9  USEC SCFI: Q3 QTD average rate ~3x Q1 average  Q2 2026 market update   Investor Presentation  Key freight rate drivers  Resilient consumer demand (frontloading & restocking); supported by technology and energy investments  Supply constraints: Panama Canal and China port congestion, driven by exceptionally strong El Niño, energy flows shifting to US-Asia trade, and typhoon season worsening key China ports wait times; Red Sea diversion for containers and energy  Source: SCFI, as of 14/8/2026  Q1 2026$2,855  Q2 2026 $4,748  Q3 QTD  $8,651  +66%  +82%  ! 

 Competing Dynamics: Demand vs. Supply Growth with Major Disruptions   10  Delivered   On Order   Average of TEU  2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031  5,000  10,000  15,000  20,000  25,000  Average of TEU  Cellular Containerships Deliveries by TEU  TEU Total  3.5M  3.0M  2.5M  2.0M  1.5M  1.0M  0.5M  0.0M  39%  Orderbook-to-Fleet Ratio  Weather- and geopolitics-driven constraints drive ports congestion and absorb nominal capacity (Panama, China, Red Sea)  Demand Growth & Disruptions   Source: Alphaliner Monthly Monitor, July 2026  Supply/Demand Balance  2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026F  20M  10M  0  40M  10%  0%  -10%  1.7%  6.3%  7.6%  3.8%  5.8%  4.0%  7.2%  0.3%  2.5%  -1.1%  8.6%  2.9%  4.5%  4.1%  8.1%  1.8%  10.3%  -0.3%  7.2%  3.5%  4.2%  2.5%  4.5%  4.7%  3.8%  1.8%  Fleet Capacity (year and Mteu)  % Annual Capacity Growth  Global Throughput Growth  Q2 2026 market update  Investor Presentation  Negligible scrapping since 2021   & industry’s decarbonization agenda  Port & land infrastructure capacity  serves as constraint   Above-average growth on dominant leg drives capacity utilization: H1 2026 Asia exports +9% vs. expected global demand growth <5%  !  co2 

 Key Operational and Financial Indicators  11  Note: Operational and cash flow metrics – figures in parentheses reflect year-over-year comparisonBalance sheet metrics – figure in parentheses reflect comparison to year-end 2025  Q2-26  H1-26  Operational  Carried volume   (K TEU)  922   (+3%)  1,788   (-3%)  Revenue  ($ Mn)  Freight rate   ($/TEU)  1,590  (+8%)  1,455   (-11%)  1,781   (+9%)  3,177   (-13%)  Cash Flow  Free cash flow  ($ Mn)  386(-40)  621  (-592)  Cash   conversion rate   78%  (-12%)  77%  (-20%)  Q2-26  H1-26  30-6-2026  Balance Sheet  Total debt   ($ Mn)   Net debt  ($ Mn)  Net leverage   ratio  5,303  (-424)  2,773  (-152)  1.6x  Q2 2026 Financial highlights  Investor Presentation  Net cash Position   ($ Mn)  2,459  (-264) 

 12  XX% - margin  Q2 & H1 2026 Financial Highlights  Financial highlights  Investor Presentation  Adjusted EBITDA ($Mn)  Adjusted EBIT   ($Mn)   Revenue   ($Mn)   +9%  3,642  3,177  H1.25  H1.26  Q2.25  Q2.26  -13%  1,636  1,781  +4%  1,251  804  -36%  472  491  +14%  612  -73%  149  +226%  318  4  -99%  24  77  29%  28%  34%  25%  9%  10%  17%  5%  Adjusted Net Income/Loss   ($Mn)   169  164  H1.25  H1.26  Q2.25  Q2.26  H1.25  H1.26  Q2.25  Q2.26  H1.25  H1.26  Q2.25  Q2.26 

 Average Freight Rate up by 8%, Driven by Strong Transpacific Trade  13  922  895  Latin America  Intra-Asia  Atlantic  Cross-Suez  Pacific  Q2.2026  Q2.2025  +3%  Q2 2025  Q3 2025  Q4 2025  Q1 2026  Q2 2026  Volume Breakdown   By Geographic Trade Zone (K TEU)  ZIM Average Freight Rate ($/TEU)  Q2 2026 Financial highlights  Investor Presentation  +8% 

 Key Takeaways  14  Investor Presentation  Differentiated commercial and operational strategy underpins strong market position   Strong balance sheet and liquidity, enabling ZIM to navigate a highly volatile operating environment   Strong operational and financial results in Q2 driven by improved market conditions, particularly on Transpacific trade, and disciplined strategic execution  2026 guidance supports 2026 dividend distribution  Pending transaction with Hapag-Lloyd in regulatory review  Actively manage a modern, effective and fuel-efficient fleet, and add newbuilds to stay competitive  Optimize premium cargo and agile network management   Resilient demand and strong freight rates improved 2026 earnings; outlook depends on supply/demand growth dynamics and magnitude of disruptions 

 Appendix 

 Q2 2026 Cash Flow Bridge ($Mn)  16  395  -9  386  -4  -7  -389  Cash Flow from Operations  CAPEX, net  Debt Service  Net changein Total CashPosition  Others  Free Cash Flow  Investor Presentation 

 H1 2026 Cash Flow Bridge ($Mn)  17  657  -36  621  -781  -6  -106  Cash Flow from Operations  CAPEX, net  Dividend  Net changein Total CashPosition  Others  Free Cash Flow  Debt Service  -272  Investor Presentation 

 Disclaimer  18  Use of Non-IFRS Financial Measures  The Company presents non-IFRS measures as additional performance measures as the Company believes that it enables the comparison of operating performance between periods on a consistent basis. These measures should not be considered in isolation, or as a substitute for operating income, any other performance measures, or cash flow data, which were prepared in accordance with IFRS as measures of profitability or liquidity. Please note that Adjusted EBITDA does not take into account debt service requirements or other commitments, as well as capital expenditures, and therefore, does not necessarily indicate the amounts that may be available for the Company's use. In addition, the non-IFRS financial measures presented by the Company may not be comparable to similarly titled measures reported by other companies due to differences in the way these measures are calculated.  Adjusted EBITDA is a non-IFRS financial measure which we define as net income (loss) adjusted to exclude financial expenses (income), net, income taxes, depreciation and amortization in order to reach EBITDA, and further adjusted, as applicable, to exclude impairment of assets (or the reversal of which), capital gains (losses) beyond the ordinary course of business, expenses related to legal contingencies and acquisition related expenses (compensation costs and professional fees).  Adjusted EBIT is a non-IFRS financial measure which we define as net income (loss) adjusted to exclude financial expenses (income), net and income taxes, in order to reach our results from operating activities, or EBIT, and further adjusted, as applicable, to exclude impairment of assets (or the reversal of which), capital gains (losses) beyond the ordinary course of business, expenses related to legal contingencies and acquisition related expenses (compensation costs and professional fees).   Adjusted Net Income is a non-IFRS financial measure which we define as net income (loss) adjusted, as applicable, to exclude impairment of assets (or the reversal of which), capital gains (losses) beyond the ordinary course of business, expenses related to legal contingencies and acquisition related expenses (compensation costs and professional fees), all of which net of their respective income tax effect.  Free cash flow is a non-IFRS financial measure which we define as net cash generated from operating activities minus capital expenditures, net.  Net debt is a non-IFRS financial measure which we define as face value of short- and long-term debt, minus cash and cash equivalents, bank deposits and other investment instruments.   Net cash position is a non-IFRS financial measure which we define as the total cash position (which includes cash and cash equivalents, bank deposits and other investment instruments) minus financial debt (i.e., excluding lease liabilities).   Net leverage ratio is a non-IFRS financial measure which we define as net debt (see above) divided by Adjusted EBITDA for the last twelve-month period. When our net debt is less than zero, we report the net leverage ratio as zero.   See the reconciliation of net income to Adjusted EBIT, Adjusted EBITDA and Adjusted net income in the tables provided below.  Investor Presentation 

 Reconciliation of Net Income to Adjusted EBIT, Adjusted EBITDA & Adjusted Net Income  19  * The tables may contain slight summation differences due to rounding   ($ in Mn)  Q2’26  Q2’25  RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBIT*  Net income  64  24  Financial expenses, net  84  100  Income taxes  (3)  26  Operating income (EBIT)   144  149  Acquisition related costs  25  0  Adjusted EBIT  169  149  RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBITDA*  Net income  64  24  Financial expenses, net  84  100  Income taxes  (3)  26  Depreciation and amortization  322  323  EBITDA  466  472  Acquisition related costs  25  0  Adjusted EBITDA  491  472  RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED NET INCOME*  Net income (loss)  64  24  Acquisition related costs (net of tax)  13  0  Adjusted Net Income  77  24  Investor Presentation 

 Thank you 

Filing Exhibits & Attachments

3 documents

Press Releases

• EX-99.1 EXHIBIT 99.1 641.3 KB
• EX-99.2 EXHIBIT 99.2 1.0 MB
• EX-99.3 EXHIBIT 99.3 44.1 KB