Q3 2025 CMB.TECH NV Earnings Call Transcript

Nov 26, 2025 / 01:00 PM GMT

Release Date Price: $10.13 (-0.20%)

Transcript

Key Points

Positve

CMB.Tech NV (CMBT) reported a net profit of $17 million for Q3 2025, with an EBITDA of $238 million.
The company maintains strong liquidity with over $555 million available.
CMB.Tech NV (CMBT) declared an interim dividend of $0.05 per share, payable in early January.
The merger with Golden Ocean has increased spot exposure in dry bulk, positioning the company well in the current market.
The company anticipates generating significant free cash flow, potentially adding $250 million per quarter at current market rates.

Negative

The container and chemical tanker markets are expected to face challenges due to supply-demand imbalances.
Interest expenses were elevated due to leverage buyouts and refinancing activities.
The company remains cautious about the container market due to a high order book and potential demand decline in 2026.
There is uncertainty regarding the impact of potential changes in US sanctions on Russian oil on the tanker market.
The company does not have a fixed dividend policy, which may lead to uncertainty for investors regarding future payouts.

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

CMBT.BR - CMB.TECH NV
Q3 2025 CMB.TECH NV Earnings Call
Nov 26, 2025 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good afternoon and welcome to the CMBTech earnings conference call for the 3rd quarter of 2025. My name is Alexander Savri, and I'm joined by my colleagues Ludovic Savri, Enja Dekkinen, and Joris Daman.

We have the usual topics we want to discuss with you today, starting with our financials and the highlights of the quarter. We will then move to the marine division market update, and we will close with the conclusion and Q&A.

I would like to start with the financial highlights and will therefore hand over to our CFO Ludovic.

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Unidentified_2 [2]
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