1. HMM Q2 Earnings: Revenue Growth, Operating Profit Decline

HMM recorded revenue of KRW 2.6227 trillion (up 9.6% YoY), operating profit of KRW 233.1 billion (down YoY), and net profit of KRW 471.3 billion in Q2 2025. While revenue exceeded market expectations, operating profit fell considerably short. Net profit surpassed expectations due to non-operating factors such as increased financial income.

2. Analyzing the Container Segment Slump

The main reason for the decline in operating profit is the slump in the container segment. The global economic slowdown and decline in sea freight rates have weakened the profitability of the container segment. In particular, the increasing uncertainty in the US route has also had a negative impact.

3. Action Plan for Investors

In the short term, investors need to be wary of increased stock price volatility. In the medium to long term, they should monitor the recovery of profitability in the container segment and the sustainability of growth in the bulk segment. HMM’s eco-friendly investments and bulk segment growth could be medium- to long-term growth drivers, but may not be enough to offset the short-term earnings slump.

  • Short-term strategy: Caution and a wait-and-see approach are necessary due to stock price volatility.
  • Medium- to long-term strategy: Investment strategies should be formulated by comprehensively considering factors such as the recovery of profitability in the container segment, growth in the bulk segment, and the recovery of the global shipping market.