Norway · Delayed Price · Currency is NOK Stolt-Nielsen Earnings Call Transcripts
Fiscal Year 2026
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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 Outlook remains uncertain amid Middle East disruptions, with guidance withdrawn.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 EBITDA above $200M for the sixth straight quarter, with strong results across all divisions and continued investment in fleet and terminals. Net profit for the year reached $394.8M, and liquidity remains robust. Geopolitical and regulatory uncertainties persist, but fundamentals and strategic investments support a positive outlook.
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Q3 saw near-record EBITDA, strong revenue and profit growth, and robust liquidity, with all business units performing well. Guidance anticipates short-term TCE softness but a rebound in 2025, while investments and capital allocation remain focused on growth and shareholder returns.
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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.