PRESS RELEASE: CMB.TECH NV announces Q3 2025 results

26 Nov 2025 07:00 CET

CMB.TECH ANNOUNCES Q3 2025 RESULTS - 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. 

About CMB.TECH

CMB.TECH is one of the largest listed, diversified and future-proof maritime
groups in the world with a fleet of about 250 vessels: dry bulk vessels,  crude
oil tankers, chemical tankers, container vessels, offshore wind vessels and port
vessels. CMB.TECH also offers hydrogen and ammonia fuel to customers, through
own production or third-party producers.

CMB.TECH is headquartered in Antwerp, Belgium, and has offices across Europe,
Asia, United States and Africa.

CMB.TECH is listed on Euronext Brussels and the NYSE under the ticker symbol
“CMBT” and on Euronext Oslo Børs under the ticker symbol “CMBTO”.

More information can be found at https://cmb.tech

Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking
statements. The Private Securities Litigation Reform Act of 1995 provides safe
harbour protections for forward-looking statements in order to encourage
companies to provide prospective information about their business.
Forward-looking statements include statements concerning plans, objectives,
goals, strategies, future events or performance, and underlying assumptions and
other statements, which are other than statements of historical facts. The
Company desires to take advantage of the safe harbour provisions of the Private
Securities Litigation Reform Act of 1995 and is including this cautionary
statement in connection with this safe harbour legislation. The words "believe",
"anticipate", "intends", "estimate", "forecast", "project", "plan", "potential",
"may", "should", "expect", "pending" and similar expressions identify
forward-looking statements.

The forward-looking statements in this press release are based upon various
assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, our management's examination of historical
operating trends, data contained in our records and other data available from
third parties. Although we believe that these assumptions were reasonable when
made, because these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible to predict and
are beyond our control, we cannot assure you that we will achieve or accomplish
these expectations, beliefs or projections.

In addition to these important factors, other important factors that, in our
view, could cause actual results to differ materially from those discussed in
the forward-looking statements include the failure of counterparties to fully
perform their contracts with us, the strength of world economies and currencies,
general market conditions, including fluctuations in charter rates and vessel
values, changes in demand for tanker vessel capacity, changes in our operating
expenses, including bunker prices, dry-docking and insurance costs, the market
for our vessels, availability of financing and refinancing, charter counterparty
performance, ability to obtain financing and comply with covenants in such
financing arrangements, changes in governmental rules and regulations or actions
taken by regulatory authorities, potential liability from pending or future
litigation, general domestic and international political conditions, potential
disruption of shipping routes due to accidents or political events, vessels
breakdowns and instances of off-hires and other  factors. Please see our filings
with the United States Securities and Exchange Commission for a more complete
discussion of these and other risks and uncertainties.

Contact

CMB.TECH
Katrien Hennin
Head of Marketing and Communications CMB.TECH
+32 499 39 34 70
katrien.hennin@cmb.tech

Joris Daman
Head of Investor Relations
Tel: +32 498 61 71 11
joris.daman@cmb.tech

More information:
Access the news on Oslo Bors NewsWeb site

660563_CMBT_Q3_Earnings_release_.pdf