MPC Container Ships Reports Q4 2025 Results

24 Feb 2026 07:00 CET

Oslo, Norway, 24 February 2026 - MPC Container Ships ("MPCC" or the "Company",
Oslo Børs Ticker: MPCC), today presented its quarterly results for the fourth
quarter of 2025. The Company delivered another quarter with solid operational
and financial performance, supported by a strong contract backlog with 97% of
open days covered in 2026, 58% in 2027 and 35% in 2028. Following the
distribution policy a quarterly dividend of USD 0.05 per share is declared,
corresponding to 50% of adjusted net profit.

Highlights Q4 2025:

* Charter backlog of USD 2.0 billion with 97% contract coverage for 2026 and
high coverage for 2027 (58%), as well as 2028 (35%)
* Quarterly recurring dividend of USD 0.05 per share
* Financial guidance for 2026 of operating revenues in the range of USD
450-460 million and EBITDA in the range of USD 240-260 million
* Continued robust operations with high fleet utilization of 98.1% (Q4 2024:
97.4%) and adj. average TCE of USD 25,551 per day (Q4 2024: USD 25,190)
* Operating revenues of USD 127.0 million (Q4 2024: USD 130.0 million) and
EBITDA of USD 76.0 million (Q4 2024: USD 83.3 million). EBITDA adjusted for
non-recurring items was USD 76.0 million (Q4 2024: USD 72.3 million)
* The balance sheet remains solid, with 32 debt-free vessels and a leverage
ratio of 33.0%
* Entered into contracts for the construction of six 3,700 TEU vessels with
long-term charters
* The Group's fleet consisted of 51 vessels, with an aggregate capacity of
approximately 130,000 TEU. Additionally, the Group has 17 newbuildings on
order, bringing the total capacity to approximately 170,000 TEU

Co-CEO and CFO Moritz Fuhrmann comments:

"MPCC's performance in Q4 and throughout 2025 reflects disciplined execution
and a proactive commercial strategy amid global market volatility. We
capitalized on resilient charter markets to increase our backlog to around USD
2 billion and secured more than 97% of 2026 open days, providing strong
earnings visibility for the years ahead.

At the same time, we continued to advance our fleet modernization program,
balancing divestments with the addition of 16 state-of-the-art newbuildings,
while maintaining moderate leverage and financial flexibility. This balanced
approach underpins the announcement of our 17th consecutive dividend in March
2026."

CEO Constantin Baack added:

"Amid heightened market noise and uncertainty, MPCC remains firmly positioned
in the resilient small and mid-sized containership segments. We have
deliberately prepared the company for uncertain markets by maintaining a
flexible and robust balance sheet with strong investment capacity, while
modernizing our fleet in close collaboration with key customers. We remain
committed to prudent capital allocation and a disciplined approach to capital
deployment, while delivering sustained distributions to our shareholders.

With proven execution capabilities and a track record of performance across
market cycles, we are confident in our ability to navigate uncertainty and
continue delivering long-term shareholder value."

For more information, contact:
ir@mpc-container.com

About MPC Container Ships:
MPC Container Ships ASA (ticker code "MPCC") is a leading container tonnage
provider focusing on small to mid-size container ships. Its main activity is
to own and operate a portfolio of container ships serving intra-regional trade
lanes on fixed-rate charters. The Company is registered and has its business
office in Oslo, Norway. For more information, please visit
www.mpc-container.com.

Forward-looking statements:
This announcement includes forward-looking statements. Such statements are
generally not historical in nature, and specifically include statements about
the Company's plans, strategies, business prospects, changes and trends in its
business, the markets in which it operates and its restructuring efforts.
These statements are made based upon management's current plans, expectations,
assumptions and beliefs concerning future events impacting the Company and
therefore involve a number of risks, uncertainties and assumptions that could
cause actual results to differ materially from those expressed or implied in
the forward-looking statements, which speak only as of the date of this news
release. Consequently, no forward-looking statement can be guaranteed. When
considering these forward-looking statements, you should keep in mind the
risks described from time to time in the Company's regulatory filings and
periodical reporting. The Company undertakes no obligation to update any
forward-looking statements to reflect events or circumstances after the date
on which such statement is made or to reflect the occurrence of unanticipated
events. New factors emerge from time to time, and it is not possible for the
Company to predict all of these factors. Further, the Company cannot assess
the impact of each such factor on its business or the extent to which any
factor, or combination of factors, may cause actual results to be materially
different from those contained in any forward-looking statement.

This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 17. The information was submitted for publication,
through the agency of the contact persons set out above, at 2026-02-24 07:00
CET.

More information:
Access the news on Oslo Bors NewsWeb site

666523_MPCC Q4 2025 Earnings Call.pdf
666523_MPCC Q4 2025 Financial Report.pdf