Cmb.Tech (CMBT) Reports Q4 Gains and Plans Fleet Expansion

Mar 28, 2025

Cmb.Tech NV (CMBT, Financial) achieved a net gain of $93.1 million in the fourth quarter of 2024, translating to $0.48 per share. This compares to a significantly higher net gain of $406.6 million or $2.01 per share in Q4 2023. EBITDA also saw a decline, reaching $180.4 million down from $474.4 million the prior year. Revenue stood at $226.03 million, marking a 15.9% year-over-year decrease. Despite these decreases, the company's contract backlog increased to $2.94 billion. Cmb.Tech continues its fleet rejuvenation by receiving 21 newbuilds, further planning to expand its fleet with additional vessels by Q1 2025.

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