Ocean Network Express (ONE) recently disclosed its financial performance for the first quarter of the 2025 fiscal year (April-June 2025).

During this quarter, ONE's revenue was $4.049 billion, a 4% decrease year-on-year, and the net profit was $86 million, an 89% decrease year-on-year.

Jeremy Nixon, CEO of ONE, stated, "The performance in the first quarter of our 2025 fiscal year reflects ONE's adaptation to ongoing geopolitical and economic challenges. Given market conditions such as geopolitical uncertainties, our forecasts for the full year may be subject to certain influences. We are optimizing our transportation methods and vessel deployment, taking measures to meet challenges, and ensuring efficient operations to provide high-quality services to our customers."

Looking ahead to the 2025 fiscal year, ONE cautiously expressed that due to increased uncertainties in the Red Sea region and recent trade market conditions, profit forecasting for the fiscal year 2025 has become more challenging.

Therefore, ONE has lowered its full-year profit forecast, expecting revenue of $17.1 billion and a net profit of $700 million for 2025. Previously, ONE's forecast was for revenue of $17.5 billion and a net profit of $1.1 billion for 2025.

The company stated that it will continue to closely monitor changes in market conditions to maintain flexible operations.