MPC Container Ships Reports Q1 2026 Results

27 May 2026 07:00 CEST

Oslo, Norway, 27 May 2026 - MPC Container Ships ("MPCC" or the "Company", Oslo
Børs Ticker: MPCC), today presented its quarterly results for the first
quarter of 2026. The Company delivered another quarter with solid operational
and financial performance, supported by a strong contract backlog with 99% of
open days covered in 2026, 69% in 2027 and 41% in 2028.

Highlights Q1 2026:

* Charter backlog of USD 2.0 billion with 99% contract coverage for 2026 and
high coverage for 2027 (69%), as well as 2028 (41%)

* Quarterly recurring dividend of USD 0.04 per share

* Financial guidance for 2026 of operating revenues in the range of USD
450-460 million and EBITDA in the range of USD 260-280 million

* Continued robust operations with very high fleet utilization of 99.1% (Q1
2025: 96.0%) and adj. average TCE of USD 25,040 per day (Q1 2025: USD
25,441)

* Operating revenues of USD 118.9 million (Q1 2025: USD 127.1 million) and
EBITDA of USD 68.0 million (Q1 2025: USD 77.8 million). EBITDA adjusted for
non-recurring items was USD 67.1 million (Q1 2025: USD 66.2 million)

* The balance sheet remains solid, with 30 debt-free vessels and a leverage
ratio of 30.7%

* 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

CEO Constantin Baack comments:
"The first quarter of 2026 marked a solid start to the year for MPC Container
Ships, against one of the most disrupted operating environments in recent
years. In the segments where MPCC operates, we continue to see limited
availability of modern feeder tonnage and an orderbook concentrated in larger
vessels underpinning a favorable supply/demand balance."

Co-CEO and CFO Moritz Fuhrmann added:
"By closing a revised and upsized RCF with HCOB, we have further strengthened
our balance sheet flexibility and investment capacity, ensuring that MPC
Container Ships can act decisively across market cycles.

The consistent execution of our capital allocation strategy has resulted in a
significant reduction in debt costs over the past years, combined with a
manageable leverage ratio of around 30%. With 30 debt free vessels, our
balance sheet remains conservatively structured, giving us the flexibility to
fund our fleet renewal program while maintaining sustainable distributions to
shareholders."

The results will be presented in an earnings call today at 15:00 CEST,
followed by a Q&A session. The earnings call can be accessed through the
following link: https://qcnl.tv/p/hnx5G9unnRz9P0PV6YabpQ

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. The information was submitted for publication, through the
agency of the contact persons set out above, at 2026-05-27 07:00 CEST.

More information:
Access the news on Oslo Bors NewsWeb site

674529_MPCC Q1 2026 Financial Report.pdf
674529_MPCC Q1 2026 Earnings Call.pdf