Ocean Network Express reports strong Q2 FY2026 results, raising full-year outlook to US$2 billion amid growing cargo volumes and utilization.
Ocean Network Express (ONE) reported its financial results for the second quarter of FY2026, covering 1 July to 30 September 2026. The results show that the company grew cargo volumes and achieved higher utilization in a challenging operating environment.
ONE generated revenue of US$6,274 million in the second quarter and recorded a net profit of US$1,318 million. The quarter accounted for nearly 98 percent of the company's first-half net profit.
These results bring total revenue for the first half of FY2026 to US$10,812 million, with a net profit of US$1,348 million.
The second-quarter results reflect two operational gains: cargo volume growth and higher utilization across the company's services. For cargo owners managing global supply chains, these gains show a carrier that kept its network productive despite difficult operating conditions.
Building on this momentum, ONE has further raised its full-year outlook to US$2,000 million. The revision signals the company's confidence in its performance for the remainder of the fiscal year.
Till Ole Barrelet, CEO of Ocean Network Express, says, '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.'
Looking ahead, ONE will adapt its network in response to evolving conditions, and safety will remain its top priority. This approach matters to shippers, freight forwarders, importers, and buyers who depend on predictable service when trade conditions shift.
At the same time, the company remains focused on advancing its ONE2030 strategy. It aims to build on its strong foundation to deliver long-term value to customers and stakeholders.
Together, a stronger first half, a raised full-year outlook, and a clear long-term strategy show more than one strong quarter. They position ONE to keep serving its customers reliably through a changing global trade environment.
