Q1 2025 CMB.TECH NV Earnings Call Transcript

May 21, 2025 / 12:00 PM GMT

Release Date Price: $8.94 (-3.46%)

Transcript

Key Points

Positve

CMB.Tech NV (CMBT) reported a Q1 2025 profit of $40 million, excluding capital gains.
The company has a strong contract backlog nearing $3 billion, with $1 billion added in Q1.
CMB.Tech NV (CMBT) is pursuing a merger with Golden Ocean, which would expand their fleet to 250 vessels.
The company is focusing on decarbonization, with a significant portion of their fleet to be powered by ammonia or hydrogen.
CMB.Tech NV (CMBT) has secured long-term contracts for ammonia-powered vessels, indicating strong future demand.

Negative

Without capital gains, CMB.Tech NV (CMBT) would have reported a net income loss of $6 million for Q1 2025.
The company decided not to declare a dividend for Q1 2025, which may disappoint investors.
The dry bulk market experienced a weaker first quarter, with earnings below P&L break-even.
There is uncertainty regarding the impact of new regulations (MEPC 83) on fuel costs and compliance.
CMB.Tech NV (CMBT) faces challenges in the container market due to high order books and geopolitical issues.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CMBT.BR - CMB.TECH NV
Q1 2025 CMB.TECH NV Earnings Call
May 21, 2025 / 12:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon, everyone, and welcome to the CMB Tech earnings call for the first quarter of 2025.

My name is Alexander Savri. I'm the CEO of CMB Tech, and I'm joined here today by my colleagues, Ludovic, Joris and Enna.

We want to focus on our first quarter numbers, the financials, and the highlights. We also want to say a few words about the CMB tech and Golden Ocean proposed merger.

We will say a few words about the decisions that were taken at the IMO meeting a couple of weeks ago and then zoom in on our different marine divisions and give you an update on where the market is to end as usual with a conclusion and time for questions and answers.

I would like now to hand it over to our CFO.

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