CMB.TECH ANNOUNCES Q3 2025 RESULTS 

26 Nov 2025 07:00 CET

SOFT SUMMER, FOLLOWED BY  

ROARING TANKER AND DRY BULK MARKETS 

 

ANTWERP, Belgium, 26 November 2025 – CMB.TECH NV (“CMBT”, “CMB.TECH” or “the
Company”) (NYSE: CMBT, Euronext Brussels: CMBT and Euronext Oslo Børs:
CMBTO) reported its unaudited financial results today for the third quarter
ended 30 September 2025. 

 

HIGHLIGHTS 

 
Financial highlights: 

 

Profit for the period of 17.3 million USD in Q3 2025. EBITDA for the same period
was USD 238.4 million. 

CMB.TECH’s contract backlog stands at 2.95 billion USD. 

Proposal to declare an interim dividend of USD 0.05 per share which is expected
to be paid on or about 15 January 2026. 

 

Fleet highlights: 

 

Delivery of 7 newbuilding vessels (Q3 – Quarter to date):  

Super-Eco Newcastlemax: Mineral Slovensko and Mineral Slovenija 

VLCC: Atrebates 

Chemical tanker: Bochem Santos 

CSOV: Windcat Rotterdam 

CTV: Windcat 58, FRS Windcat 61 

 

Sale of the VLCC Dalma (2007, 306,543 dwt) & the capesize Battersea (2009,
169,390 dwt). 

The time charter of the VLCC Donoussa (2016, 299,999 dwt) was extended
for another 11 months, until October 2026. 

Windcat has ordered one Multi-Purpose Accommodation Service Vessel (MP-ASV)
(CSOV XL) with an option of five more. 



Corporate highlights:  

Supervisory Board changes: resignation of Mr. Marc Saverys & Mrs. Julie
De Nul and cooptation of Mr. Carl Steen & Mrs. Gudrun Janssens. 

 

For the third quarter of 2025, the Company realised a profit for the period of
USD 17.3 million or USD 0.07 per share (third quarter 2024: a profit for the
period of 98.1 USD million or USD 0.49 per share). EBITDA (a non-IFRS measure)
for the same period was USD 238.4 million (third quarter 2024: USD
177.1 million). 

Commenting on the Q3 results, Alexander Saverys (CEO) said: 

“After a relatively quiet summer and seasonally lower rates, tanker and dry bulk
markets came roaring back and are at multi-year highs. Results in Q3 reflected
the softer market but stronger bookings in Q4 will significantly improve the
result going forward.  We have sold another two older vessels and taken delivery
of seven ships as we continue to rejuvenate and decarbonise our fleet.” 

Read the full press release, including Q3 figures, in attachment. 

More information:
Access the news on Oslo Bors NewsWeb site

660562_CMBT_Q3_Earnings_release_.pdf