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Home > All news > Report & Analysis, Shipping > PIL delivers strong FY2024 financial performance with net earnings of US$1.342 billion

PIL delivers strong FY2024 financial performance with net earnings of US$1.342 billion

May 19, 2025
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PIL delivers strong FY2024 financial performance with net earnings of US$1.342 billion

Singapore, 16 May 2025 – Pacific International Lines (PIL) achieved a net profit after tax of US$1.342 billion for FY2024 compared to US$306.93 million for FY2023. This strong performance was attained from the significant growth in operating revenue for 2024 and effective cost management.

In 2024, PIL recorded a revenue of US$4.305 billion, which was a 49% year-on-year growth arising from the strong results delivered by the container shipping business. EBITDA for the year also improved US$1.126 billion from US$566.17 million . . .

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Disclaimer: This information has been collected through secondary research and Daily Shipping Times is not responsible for any errors in the same.

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