Q4 2025 CMB.TECH NV Earnings Call Transcript
Key Points
- CMB.Tech NV (CMBT) reported a strong net profit of $90 million for Q4, bringing the full-year profit to $140 million.
- The company achieved an EBITDA of $322 million in Q4, ending the year with a total EBITDA of $943 million.
- CMB.Tech NV (CMBT) successfully deleveraged the company and paid dividends, strengthening its balance sheet.
- The company has a strong liquidity position with $560 million, providing flexibility for future investments and debt repayments.
- CMB.Tech NV (CMBT) declared an interim dividend of $0.16, reflecting confidence in its financial stability and future prospects.
- CMB.Tech NV (CMBT) incurred $15 million in non-recurring costs related to the integration of the Golden Ocean merger.
- The company faced refinancing costs and other one-off expenses impacting its financial results.
- There is a large spot exposure on tankers and dry bulk, which could lead to volatility in earnings.
- The container and chemical markets remain cautious, with potential challenges in these segments.
- The company has a significant CapEx program of $1.5 billion, which could strain financial resources if market conditions worsen.
Good afternoon, and welcome to the CMB.TECH earnings conference call for the fourth-quarter of 2025. My name is Alexander Saverys, and I'm joined here by my colleagues, Joris, Enya and Ludovic. We will touch upon our classic topics. We'll start with our financial highlights. We will then give you a market update and finish with a conclusion and a Q&A.
And for the financial highlights, I'd like to hand it over to Ludovic.
Thanks, Alex, and good afternoon, everybody. As usual, we start with a snapshot of our company, where here, we've shown you the key metrics of the fleet, roughly 40 ships with about a $10.7 billion fair market value. This is excluding the vessels we have sold already. Our market cap sits today at $4.2 billion after a nice run-up on the share. We have $1.5 billion CapEx remaining as from end of January and operate a modern fleet of 5.9 years. Dry bulk today
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
