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ZIM Integrated Shipping Services Ltd

For the period ended Dec 31, 2024. Filed Mar 12, 2025.

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About this filing

The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.

FY2024 · Filed Mar 12, 2025

ZIM$27.95+1.9%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 20-F

(Mark One)

☐REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934

OR

For the fiscal year ended December 31,2024

OR

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to .

OR

☐SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of event requiring this shell company report

For the transition period from ____________________ to ______________________

Commission file number:001-39937

(Exact name of Registrant as specified in its charter)

State of Israel

(Jurisdiction of incorporation or organization)

9 Andrei Sakharov Street

P.O. Box 15067

Matam, Haifa 3190500, Israel

(Address of principal executive offices)

Noam Nativ

EVP, General Counsel & Company Secretary

9 Andrei Sakharov Street

P.O. Box 15067

Matam, Haifa 3190500, Israel

nativ.noam@zim.com

+972-4-8652170, +972-4-8652990

(Name, Telephone, E-mail and/or Facsimile number and Address of Company Contact Person)

Securities registered or to be registered pursuant to Section 12(b) of the Act:

Title of each classTrading SymbolName of each exchange on which registered
Ordinary shares, no par value“ZIM”The New York Stock Exchange

Securities registered or to be registered pursuant to Section 12(g) of the Act:

None

Securities for which there is a reporting obligation pursuant to Section 15(d) of the Act:

None

Indicate the number of outstanding shares of each of the issuer’s classes of capital or common stock as of the close of the period covered by the annual report:120,423,333.

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.

If this report is an annual or transition report, indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

Yes ☐No ☒

Note – Checking the box above will not relieve any registrant required to file reports pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 from their obligations under those Sections.

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer or an emerging growth company. See definitions of “large accelerated filer,” “accelerated filer,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large Accelerated Filer ☒Accelerated Filer ☐Non-accelerated Filer ☐Emerging growth company ☐

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section 13(a) of the Exchange Act. ☐

† The term “new or revised financial accounting standard” refers to any update issued by the Financial Accounting Standards Board to its Accounting Standards Codification after April 5, 2012.

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.☒

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements.☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark which basis of accounting the registrant has used to prepare the financial statements included in this filing:

☐U.S. GAAP
☒International Financial Reporting Standards as issued by the International Accounting Standards Board
☐Other

If “Other” has been checked in response to the previous question, indicate by check mark which financial statement item the registrant has elected to follow.

☐ Item 17 ☐ Item 18

If this is an annual report, indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ☐No ☒

TABLE OF CONTENTS

Page
INTRODUCTION AND USE OF CERTAIN TERMS1
PRESENTATION OF FINANCIAL AND OTHER INFORMATION6
FORWARD-LOOKING STATEMENTS7
PART I8
ITEM 1. IDENTITY OF DIRECTORS, SENIOR MANAGEMENT AND ADVISERS8
A.Directors and senior management8
B.Advisers8
C.Auditors8
ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE8
A.Offer statistics8
B.Method and expected timetable8
ITEM 3. KEY INFORMATION8
A.Selected financial data8
B.Capitalization and indebtedness8
C.Reasons for the offer and use of proceeds8
D.Risk factors8
ITEM 4. INFORMATION ON THE COMPANY39
A.History and development of the company39
B.Business Overview39
C.Organizational structure67
D.Property, plant and equipment67
ITEM 4A. UNRESOLVED STAFF COMMENTS67
ITEM 5. OPERATING AND FINANCIAL REVIEW AND PROSPECTS67
ITEM 6. DIRECTORS, SENIOR MANAGEMENT AND EMPLOYEES82
A.Directors and senior management82
B.Compensation85
C.Board practices87
D.Employees94
E.Share ownership94
ITEM 7. MAJOR SHAREHOLDERS AND RELATED PARTY TRANSACTIONS96
A.Major shareholders96
B.Related party transactions97
C.Interests of Experts and Counsel103
ITEM 8. FINANCIAL INFORMATION104
A.Consolidated statements and other financial information104
B.Significant changes105
ITEM 9. THE OFFER AND LISTING105
A.Offering and listing details105
B.Plan of distribution105
C.Markets105
D.Selling shareholders105
E.Dilution105
F.Expenses of the issue105
ITEM 10. ADDITIONAL INFORMATION105
A.Share capital105
B.Memorandum of association and bye-laws105
C.Material contracts106
D.Exchange controls106
E.Taxation106
F.Dividends and paying agents111
GStatement by experts111
H.Documents on display111
I.Subsidiary information111
ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK111
ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES111
A.Debt securities111
B.Warrants and rights111
C.Other securities111
D.American Depositary Shares111
PART II112
ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES112
A.Defaults112
B.Arrears and delinquencies112
ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS112
ITEM 15. CONTROLS AND PROCEDURES112
A.Disclosure Controls and Procedures112
C.Attestation Report of the Registered Public Accounting Firm113
D.Changes in Internal Control over Financial Reporting113
ITEM 16. RESERVED113
ITEM 16A. Audit committee financial expert113
ITEM 16B. Code of Conduct113
ITEM 16C. Principal Accountant Fees and Services114
ITEM 16D. Exemptions from the listing standards for audit committees114
ITEM 16E. Purchases of equity securities by the issuer and affiliated purchasers114
ITEM 16F. Change in registrant’s certifying accountant114
ITEM 16G. Corporate governance114
ITEM 16H. Mine safety disclosure115
ITEM 16I. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections115
ITEM 16J. Insider trading policy116
ITEM 16K. Cybersecurity116
PART III117
ITEM 17. Financial statements117
ITEM 18. Financial statements117
ITEM 19. Exhibits117
Index to Consolidated Financial StatementsF-1

INTRODUCTION

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.