Belgium · Delayed Price · Currency is EUR Cmb.Tech NV Earnings Call Transcripts
Fiscal Year 2026
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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.