Cmb.Tech NV Reports Q2 GAAP EPS of -$0.04, Revenue at $387.81M (+53.9% Y/Y) with Contract Backlog of $2.93B.

Cmb.Tech NV reported Q2 GAAP EPS of -$0.04 and revenue of $387.81M, up 53.9% YoY. The company's contract backlog stands at $2.93 billion.

CMB.TECH NV (NYSE: CMBT, Euronext Brussels: CMBT, Euronext Oslo Børs: CMBTO) announced its unaudited financial results for the second quarter ended 30 June 2025. The company reported a net loss of USD 7.6 million or USD -0.04 per share, compared to a net gain of USD 184.4 million or USD 0.95 per share in the same period last year. Revenue for the quarter was USD 387.8 million, a 53.9% increase year-over-year.

The company's contract backlog stands at USD 2.93 billion, reflecting a strong position in the market. The merger with Golden Ocean, completed on 20 August, added 89 dry bulk vessels to CMB.TECH's fleet, increasing the total to around 250 ships. The company's fleet includes dry bulk vessels, crude oil tankers, chemical tankers, container ships, offshore wind vessels, and port vessels.

Alexander Saverys, CEO of CMB.TECH, commented on the Q2 results, highlighting the company's progress and the potential for future value creation. He noted that the merger with Golden Ocean and the ongoing newbuilding delivery program are key drivers of growth.

The company declared an interim dividend of USD 0.05 per share, payable on or about 9 October 2025. The dividend is subject to a 30% withholding tax, and shareholders are encouraged to contact their bank, broker, or nominee for more information.

Key financial highlights for the second quarter of 2025 include:

- Revenue: USD 387.8 million (up 53.9% YoY)
- Net loss: USD 7.6 million or USD -0.04 per share
- EBITDA: USD 224.1 million
- Contract backlog: USD 2.93 billion

The merger with Golden Ocean has significantly impacted CMB.TECH's financial performance and fleet composition. The company is well-positioned to capitalize on the strong tanker and dry bulk markets in the coming months.

References:

[1] https://www.morningstar.com/news/globe-newswire/1001125006/cmbtech-announces-q2-2025-results