Wilh. Wilhelmsen Holding ASA (OTCPK:WLHSF)
$ 74.35 +41.87 (+128.87%) Market Cap: 2.96 Bil Enterprise Value: 2.81 Bil PE Ratio: 4.59 PB Ratio: 0.89 GF Score: 74/100

Q4 2025 Wilh Wilhelmsen Holding ASA Earnings Call Transcript

Feb 12, 2026 / 07:30AM GMT
Release Date Price: $32.49

Key Points

Positve
  • Wilh. Wilhelmsen Holding ASA (STU:WML2) delivered a 49% total return to shareholders in 2025, indicating strong financial performance.
  • The company distributed $117 million to shareholders through buybacks and dividends, reflecting a commitment to shareholder returns.
  • Significant debt reduction was achieved during the year, strengthening the company's financial position.
  • Investments of over $200 million were made in various business segments, demonstrating a focus on growth and expansion.
  • The maritime services segment showed strong fundamentals, with significant profit improvements and efficiency programs in place.
Negative
  • The company faced a challenging and volatile macroeconomic backdrop, impacting overall operations.
  • Currency fluctuations, particularly involving the USD, pose a significant threat to the maritime services segment.
  • There was a notable decrease in contributions from associates like Walenus Williamson, affecting overall profitability.
  • The export imbalance between China and Europe is causing challenges in the car and railroad industry, impacting profit levels.
  • The company had to implement efficiency measures, including workforce reductions, to maintain operational efficiency.
Thomas Wilhelmsen
Wilh Wilhelmsen Holding ASA - Group Chief Executive Officer

Good morning. Welcome to fourth quarter results for Will Williamson Holding and for the year end of 2025.

And Christian, it's been quite a year.

Christian Berg
Wilh Wilhelmsen Holding ASA - Group Chief Financial Officer

Yeah, that's.

Done some real good.

Thomas Wilhelmsen
Wilh Wilhelmsen Holding ASA - Group Chief Executive Officer

Yes, and it's been a pretty volatile backdrop as well, but I must say when we look back at the year we've delivered 49% total return to the shareholders, which we feel is pretty good. At the outset of the start of 25, I'm not sure if we would have forecasted such a trajectory, but anyway, it's nice to see that at this point in time we've had solid growth on EBITA for the group.

And of course when it comes to our associates Venus Williamson and Henda Glovis, they've been performing pretty well as well during the year and all of this in a very, I would call it difficult and chaotic

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