ONE more than doubles FY2026 profit forecast

Ocean Network Express (ONE) has lifted its full-year net profit guidance to US$2 billion, from a previous estimate of US$900m, following stronger-than-expected first-half earnings and an improved outlook for freight rates.

This is the second time ONE has raised its full-year profit forecast this year, having increased its estimate from US$300m to US$900m following its first-quarter results. The Singapore-based container line reported a revenue of US$6.27 billion and net profit of US$1.31 billion in the second quarter of FY2026 (1 July to 30 September 2026), bringing revenue for the first half of FY2026 to US$10.8 billion, with net profit of US$1.348 billion.

ONE transported 3.396m TEU in the second quarter, up 6.3% year-on-year, taking first-half volumes to 6.653m TEU, an increase of 4.8%.

“The second quarter delivered a strong financial performance, contributing to a solid first half of FY2026. These results reflect our teams’ success in growing cargo volumes and achieving higher utilization despite a challenging operating environment. Reflecting this positive momentum, we are pleased to further raise our full-year outlook to US$2,000 million. Looking ahead, we will adapt our network in response to evolving conditions, with safety remaining our top priority. We remain focused on advancing our ONE2030 strategy, building on our strong foundation to deliver long-term value to our customers and stakeholders,” said Till Ole Barrelet, CEO of Ocean Network Express.

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