CMB.TECH announces Q4 2025 financial results

Financial highlights:

• Profit for the period of US€90.1 million in Q4 2025. EBITDA for the same period was US€322 million.
• CMB.TECH’s contract backlog increased by US€304 million to US€3.05 billion with the addition of 5 x 5-year charters for Capesizes and a 3-year contract for a CSOV.
• Declaration of an interim dividend of US€0.16 per share.
• Over the course of Q4 2025 and Q1 2026, the company has fully repaid the bridge loan facility that was originally raised to finance the acquisition of a large stake in Golden Ocean.

Fleet highlights:

• Delivery of 6 newbuilding vessels (Q4 + quarter to date):
  • VLCCs: Atrebates, Eburones.
  • Chemical tankers: Bochem Callao.
  • CSOV: Windcat Amsterdam.
  • CTV: FRS Windcat 62, FRS Windcat 61.
• Previously announced sale of 8 VLCCs: Daishan (2007, 306 005 dwt), Hirado (2011, 302 550 dwt), Ilma (2012, 314 000 dwt), Ingrid (2012, 314 000 dwt), Hojo (2013, 302 965 dwt), Dia (2015, 299 999 dwt), Antigone (2015, 299 421 dwt), and Aegean (2016, 299 999 dwt).
• Previously announced sale of Capesize vessels Golden Magnum (2009, 179 790 dwt), and Belgravia (2009, 169 390 dwt).

Corporate highlights:

• Sale of stake in Tankers International Pool, closed on 27 January 2026.
• CMB.TECH is investing in the Chinese ammonia supply chain.
• Management Board changes: resignation of Mr. Benoit Timmermans

For the fourth quarter of 2025, the company realised a net gain of US€90.1 million or US€0.31 per share (fourth quarter 2024: a net gain of US€93.1 million or US€0.48 per share). EBITDA (a non-IFRS measure) for the same period was USD 322.1 million (fourth quarter 2024: US€180.4 million).

Commenting on the Q4 results, Alexander Saverys (CEO) said:

“Tanker markets continue to defy gravity due to a mix of shifting trade patterns, modest newbuilding deliveries and a particularly active tanker owner/operator who is adding fuel to the fire. Dry bulk freight rates have also held up very well during Q4 and well into Q1. With two CSOVs delivered to our fleet, we are starting to generate meaningful cash flows in the offshore supply markets. The versatile nature of our ships allows us to serve wind and oil and gas customers alike.

We have used this very strong market back-drop to sell some of our older vessels at stellar prices, and fixed multiple long-term charter contracts at attractive rates. We will use the proceeds to decrease our leverage, strengthen our balance sheet and pay dividends. The repayment of the Golden Ocean bridge – less than six months after the merger – is testimony to our capability to execute large transactions swiftly, efficiently and in a disciplined manner.”

Read the article online at: https://www.drybulkmagazine.com/shipping/03032026/cmbtech-announces-q4-2025-financial-results/