World Kinect posts Q1 2025 net loss of $21 million as revenue falls 14%
World Kinect reported a first-quarter 2025 GAAP net loss of $21 million, or $0.37 per diluted share, compared with net income of $27 million, or $0.45 per share, a year earlier. Revenue fell 14% to $9.45 billion and gross profit fell 9% to $230 million, while adjusted diluted earnings per share rose to $0.48 from $0.47. The loss includes a $44.5 million asset impairment and $15.0 million of restructuring charges, and the company expects an additional estimated pre-tax loss of $65 million from the April 9, 2025 sale of its U.K. land fuels business.
Key points
- GAAP net loss of $21 million, or $0.37 per diluted share, versus net income of $27 million, or $0.45 per diluted share, in the first quarter of 2024
- Revenue of $9.45 billion, down 14%; gross profit of $230 million, down 9%
- Adjusted diluted EPS of $0.48, up from $0.47; Land segment gross profit fell 19% to $79 million
- U.K. land fuels business sale completed April 9, 2025, with an additional estimated pre-tax loss of $65 million expected in the second quarter of 2025
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:55 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 24, 2025.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.