Matson’s Q2 Key Performance Data
Recently, Matson announced its Q2 2025 results. During the reporting period, the company achieved consolidated revenue of approximately $830 million, a year-on-year decrease of 2.0%; net profit was $94.7 million, down 16.3% year-on-year.
Additionally, during the reporting period, Matson’s ocean transportation revenue was $676 million, a year-on-year decline of 2.1%; operating profit was $98.6 million, down 9.5% year-on-year. Furthermore, in Q2, the company’s China market cargo volume was 32,300 FEU, a decrease of 14.6% year-on-year.
Matson’s Q2 Ocean Transportation Key Performance Data
Regarding the Q2 2025 performance, Matson Chairman and CEO Matt Cox stated: “During the reporting period, our ocean transportation revenue declined year-on-year, primarily due to reduced cargo volume on the China-U.S. route. Particularly when tariffs were imposed starting in April, freight demand on our China-U.S. route saw a significant year-on-year drop. However, after mid-May when China and the U.S. agreed to temporarily reduce tariffs, demand on the Trans-Pacific route rebounded.”
Matson Chairman and CEO Matt Cox
He further analyzed that uncertainties such as tariff policies, regulatory measures, and geopolitical situations are expected to persist. Assuming these factors remain materially unchanged, Matson’s full-year ocean transportation operating profit is projected to be higher than the May forecast but slightly below the same period in 2024.
For Q3 performance, Matson expects ocean transportation operating profit to be significantly lower than the same period in 2024, mainly due to year-on-year declines in both freight rates and cargo volume on the China-U.S. route. Additionally, Matson anticipates this year’s peak season to be ‘subdued.’
