EURONEXT-BRU$CMBT
CMB Tech NV · Q2 2025 earnings
Q2 2025 earnings · · Before market open
Briefing
CMB.TECH reported its Q2 2025 earnings, posting a net loss driven by high finance and operating expenses despite revenue growth and vessel sale gains.
CMB.TECH delivered $387.8 million in revenue during Q2 2025 but reported a net loss of $7.6 million. Gains from vessel sales partially offset substantial operating and finance expenses. EBITDA came in at $224.1 million. The merger with Golden Ocean significantly increased the company's fleet and contract backlog.
- Revenue grew to $387.8 million in Q2 2025, reflecting fleet expansion.
- Net loss of $7.6 million due to high finance and operating costs.
- EBITDA remained strong at $224.1 million, supporting cash flow.
- The merger with Golden Ocean added 89 vessels and expanded the total fleet to around 250 ships.
Headline financials
Revenue & EPS history
CMB Tech NV · Revenue · Quarterly
$388M
Forward guidance
CMB.TECH expects strong positioning in the tanker and dry bulk markets following the Golden Ocean merger, supported by a modern, fuel-efficient fleet and strategic charter agreements.
Tailwinds
- Expanded fleet to 250 vessels post-merger supports growth.
- Robust contract backlog of $2.93 billion offers visibility into future cash flows.
- Strategic ammonia-powered vessel agreement signed with Fortescue.
- Tanker and dry bulk markets showing favorable trends.
- Continued delivery of super-eco and offshore vessels enhances operational efficiency.
Headwinds
- Increased finance expenses ($118.2 million) weighing on profitability.
- Operating expenses significantly higher YoY due to expanded fleet.
- Market volatility persists in tankers due to geopolitical factors.
- Container and chemical tanker markets remain soft and volatile.
- High capex from newbuilds and acquisitions could pressure liquidity.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 5 quarterly earnings reports · overlaid with Q2 2025
-0.2%
Avg return
Earnings day
-0.8%
Avg return
5 days after
+0.6%
Avg return
30 days after
17%
1 / 6 earnings
Positive
+5.6%
Q2 2025
Best reaction
-3.5%
Q1 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | -0.8% | +2.1% | — | |
| Q3 2025 | -0.2% | +4.8% | -4.4% | |
| Q2 2025 | +5.6% | +8.5% | +25.5% | |
| Q1 2025 | -3.5% | -4.4% | +2.5% | |
| Q4 2024 | -1.2% | -11.7% | +1.6% | |
| Q3 2024 | -1.2% | -4.3% | -22.2% |
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