CMB.TECH NV reported its unaudited financial results today for the third quarter ended 30 September 2025.
HIGHLIGHTS
Financial highlights:
- Profit for the period of 17.3 million USD in Q3 2025. EBITDA for the same period was USD 238.4 million.
- CMB.TECH’s contract backlog stands at 2.95 billion USD.
- Proposal to declare an interim dividend of USD 0.05 per share which is expected to be paid on or about 15 January 2026.
Fleet highlights:
- Delivery of 7 newbuilding vessels (Q3 – Quarter to date):
- Super-Eco Newcastlemax: Mineral Slovensko and Mineral Slovenija
- VLCC: Atrebates
- Chemical tanker: Bochem Santos
- CSOV: Windcat Rotterdam
- CTV: Windcat 58, Windcat 61
- Sale of the VLCC Dalma (2007, 306,543 dwt) & the capesize Battersea (2009, 169,390 dwt).
- The time charter of the VLCC Donoussa (2016, 299,999 dwt) was extended for another 11 months, until October 2026.
- Windcat has ordered one Multi-Purpose Accommodation Service Vessel (MP-ASV) (CSOV XL) with an option of five more.
Corporate highlights:
- Supervisory Board changes: resignation of Mr. Marc Saverys & Mrs. Julie De Nul and cooptation of Mr. Carl Steen & Mrs. Gudrun Janssens.
For the third quarter of 2025, the Company realised a profit for the period of USD 17.3 million or USD 0.07 per share (third quarter 2024: a profit for the period of 98.1 USD million or USD 0.49 per share). EBITDA (a non-IFRS measure) for the same period was USD 238.4 million (third quarter 2024: USD 177.1 million).
Commenting on the Q3 results, Alexander Saverys (CEO) said:
“After a relatively quiet summer and seasonally lower rates, tanker and dry bulk markets came roaring back and are at multi-year highs. Results in Q3 reflected the softer market but stronger bookings in Q4 will significantly improve the result going forward. We have sold another two older vessels and taken delivery of seven ships as we continue to rejuvenate and decarbonise our fleet.”