Norway · Delayed Price · Currency is NOK Stolt-Nielsen Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw resilient performance amid Middle East disruptions, with $177M EBITDA and strong non-tanker contributions. Revenue rose 5% YoY, but profits declined due to softer tanker rates and integration costs. Outlook is cautious, with improvement expected in Q3.
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Group EBITDA reached $180 million in Q1 2026, with 44% from non-tanker businesses. Revenue rose 6% year-over-year, but net profit fell due to weaker tanker/container margins and higher costs. Outlook remains uncertain amid Middle East disruptions, with guidance withdrawn.
Fiscal Year 2025
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Q4 2025 EBITDA reached $186M, capping a strong year despite weaker tanker rates and higher CapEx. 2026 EBITDA is guided at $600M–$750M, with non-tanker segments expected to drive growth as new capacity comes online. Liquidity and balance sheet remain robust.
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Q3 2025 saw resilient EBITDA above $190 million despite a 5% revenue drop and softer tanker markets. Diversified operations and strong liquidity offset macro headwinds, with full-year EBITDA guidance set at $750–$790 million.
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Q2 2025 saw resilient performance with $210M EBITDA, flat year-over-year despite a 4% revenue drop, as diversified segments offset tanker weakness. Full-year 2025 EBITDA guidance is $740–$810M, with strong liquidity and ongoing strategic investments.
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Q1 2025 saw resilient performance with $192M EBITDA, despite shipping headwinds and geopolitical uncertainty. Diversified non-shipping businesses contributed 40% of EBITDA, and major acquisitions plus a share buyback were announced. Net profit excluding one-offs was $76.2M.
Fiscal Year 2024
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Q4 saw strong financial performance with EBITDA over $200 million for the sixth consecutive quarter and robust results across all divisions. Strategic investments and disciplined capital allocation position the company well for 2025, despite ongoing geopolitical and regulatory uncertainties.
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Q3 saw near-record EBITDA, strong revenue and profit growth, and robust liquidity. Tankers and Sea Farm delivered record results, while terminals improved margins. Guidance anticipates short-term TCE softness but a rebound in 2025, with continued investment and a strong balance sheet.
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Q2 2024 saw strong results with record tanker TCE rates, robust terminal and sea farm performance, and improved liquidity following a $450M note issue. Despite a year-on-year profit dip due to tank container normalization and Flaminia settlement, outlook remains positive for H2 2024.
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A new 'Simply the Best' strategy was launched, focusing on operational excellence, digitalization, and sustainability, supported by strong financials and a robust investment plan. Business units are positioned for growth with new assets, digital platforms, and a resilient market outlook.