Belgium · Delayed Price · Currency is EUR Cmb.Tech NV Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw robust profit and EBITDA, driven by strong shipping markets and asset sales. Dry bulk and tanker segments delivered high rates, while cautious outlooks remain for tankers and containers due to large order books and geopolitical risks. Dividend policy targets 50% payout of net profit.
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Q1 2026 saw strong net profit, reduced leverage, and robust cash flow, with high rates in dry bulk and tankers. Capital gains from vessel sales and increased contract backlog support a positive outlook, while CapEx winds down and shareholder distributions rise.
Fiscal Year 2025
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Q4 saw strong profits, robust liquidity, and accelerated deleveraging, with significant capital gains from vessel sales and a positive outlook for dry bulk and tanker markets. Dividend payments increased, and all CapEx is fully financed.
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Q3 saw $17M net profit and $238M EBITDA, with strong liquidity and a fully funded CapEx program. Dry bulk and tanker segments outperformed, while container and chemical markets remain challenging. Dividend policy remains flexible, with ongoing debt reduction and asset sales.
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Q2 saw a $7.6M loss due to merger-related one-offs, but EBITDA reached $224M and liquidity is strong. The merger with Golden Ocean Group created the largest listed diversified maritime group, with a positive outlook for tankers and dry bulk, and a $0.05 dividend declared.
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Q1 2025 saw a $40M profit, strong contract wins, and a major merger plan with Golden Ocean. Liquidity remains robust, CapEx steady, and the outlook is positive for tankers and dry bulk, while container and chemical segments are more cautious.
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A major stock-for-stock merger will create a leading diversified maritime group with over 250 vessels, a strong focus on decarbonization, and significant scale in dry bulk and tankers. The combined company targets sustainable cash flows, enhanced market liquidity, and continued investment in low-carbon shipping solutions.
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A stock-for-stock merger will create a diversified maritime group with over 250 vessels, strong financials, and a focus on decarbonization through hydrogen and ammonia-powered ships. The combined entity targets resilience, value creation, and positive market outlooks in tankers and dry bulk.
Fiscal Year 2024
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Q4 profit reached $93 million, with full-year profit at $871 million and strong liquidity. Tanker and dry bulk markets remain positive, while containers are more cautious; capital gains from vessel sales totaled $116 million. Contract backlog stands at $2.05 billion.
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Q3 2024 saw strong profitability with $98.1 million net profit and $116 million EBITDA, supported by a diversified, modernizing fleet and robust contract backlog. Management remains bullish on tankers, dry bulk, and offshore wind, but is cautious on containers due to supply growth.
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Q2 2024 delivered strong profits, robust dividends, and major fleet expansion, with all divisions performing well. Market outlook remains highly positive, supported by low order books and new decarbonization initiatives.