Odfjell SE 2Q25: Outperforming the previous quarter with another resilient financial result

19 Aug 2025 20:00 CEST

Odfjell SE today reported its results for the second quarter of 2025. The report
shows another resilient financial performance, surpassing the previous quarter
despite declining spot rates and continued market uncertainty from U.S. trade
tariffs.

Highlights - 2Q25

. The strong safety performance continued in 2Q25 with high operational
efficiency and no significant incidents during the quarter.

. Time charter earnings ended at USD 174 million, compared to USD 168 million in
1Q25. TCE/day for the quarter was USD 30,306, slightly up from the previous
quarter (USD 29,556).

. EBIT of USD 59 million compared to USD 54 million in 1Q25.

. Quarterly net result of USD 40 million. Net result adjusted for one-off items
at USD 42 million compared to USD 33 million in 1Q25.

. Net result contribution from Odfjell Terminals of USD 1.9 million, vs. USD 2.9
million in 1Q25.

. With a 2Q25 carbon intensity (AER) of 6.8, Odfjell achieved a new record low,
continuing the positive trend from the previous quarters.

. The Board approved a dividend of USD 0.48 per share, based on adjusted 1H25
results. This is in accordance with Odfjell's dividend policy to distribute 50%
of net result adjusted for one-off items on a semi-annual basis.

"In the second quarter, Odfjell delivered another resilient financial result. We
exceeded the previous quarter's result, despite ongoing market uncertainty
driven by geopolitics and trade tariffs. This achievement is a result of strong
performance across the Odfjell organization and a robust COA portfolio as the
foundation of our trade. We expect the 3Q25 financial results to be in line with
or slightly below 2Q25" said CEO Harald Fotland.

Tomorrow, Wednesday, August 20 at 09:45 CET, Odfjell SE will present the results
at the investor conference "Vestland på Børs", held in Bergen. The presentation
will also be sent in a live webcast. Follow the webcast
at: www.odfjell.com/investor/webcast
The presentation will be held in English.

IR Contact:
Nils Jørgen Selvik, VP Finance & IR
Tel: +47 920 39 718
E-mail: nils.jorgen.selvik@odfjell.com

The Odfjell Group is one of the leading players in the global market for
seaborne transportation and storage of chemicals and other specialty bulk
liquids. The Odfjell fleet comprises of approx. 70 ships, which trade both
globally and regionally. The tank terminal division consists of four tank
terminals and is part of a network of another 10 tank terminals partly owned by
related parties. The tank terminals are strategically located at selected
international shipping hubs. The Odfjell Group's headquarters are in Bergen,
Norway, and the Group has offices in 13 locations around the world. Odfjell
employs around 2300 staff and posted annual gross revenue of USD 1249 million in
2024. Read more on Odfjell.com (https://www.odfjell.com/).

This information is subject to the disclosure requirements pursuant to Section 5
-12 the Norwegian Securities Trading Act.

More information:
Access the news on Oslo Bors NewsWeb site

653275_Odfjell_SE_2Q25_Presentation.pdf
653275_Odfjell_2Q25_report.pdf