EURONEXT-BRU$CMBT
CMB Tech NV · Q3 2025 earnings
Q3 2025 earnings · · Before market open
Briefing
CMB.TECH reported lower earnings in Q3 2025, with profit down from the previous year despite higher revenue and EBITDA.
CMB.TECH saw improved revenue and EBITDA in Q3 2025, but net income and EPS declined significantly compared to the same quarter last year due to higher expenses and lower asset sales.
- Revenue for Q3 2025 rose to $454.2 million, more than doubling year-over-year.
- Net income declined sharply to $17.3 million, down from $98.1 million in Q3 2024.
- EBITDA increased to $238.4 million, reflecting stronger operational performance.
- The company proposed a $0.05/share interim dividend, payable in January 2026.
Headline financials
Revenue & EPS history
CMB Tech NV · Revenue · Quarterly
$454M
Forward guidance
Management expects Q4 results to improve significantly due to stronger bookings, rejuvenation of the fleet, and ongoing high rates in tanker and dry bulk markets.
Tailwinds
- Tanker and dry bulk markets reached multi-year highs heading into Q4.
- Fleet rejuvenation continued with 7 new ships delivered and older vessels sold.
- Q4 bookings already indicate stronger earnings ahead.
- Demand for seaborne iron ore and bauxite remains robust.
- Positive outlook for Capesize and Newcastlemax vessels due to long-haul demand.
Headwinds
- Net income significantly decreased year-over-year in Q3 2025.
- Weaker summer markets impacted Q3 performance.
- Chemical tanker and container segments showed signs of easing or pressure.
- Offshore wind market continues to face investment uncertainty and redeliveries.
- Muted global container volumes created rate pressure in the segment.
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 Q3 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% |
Discussion
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