CMB.TECH reports Q3 profit drop, strong tanker and dry bulk markets

CMB.TECH reported a Q3 2025 profit of $17.3 million, down from $98.1 million in Q3 2024, while EBITDA for the period reached $238.4 million, up from $177.1 million year-over-year. The company's contract backlog stands at $2.95 billion, and an interim dividend of $0.05 per share is proposed, payable around January 15, 2026. This financial performance reflects a softer market in Q3 but anticipates stronger Q4 bookings.

Fleet developments include the delivery of seven new vessels, such as Newcastlemaxes, a VLCC, a chemical tanker, and CSOV/CTV units. CMB.TECH also sold older vessels, including the VLCC Dalma and capesize Battersea, generating significant capital gains, and extended the time charter for the VLCC Donoussa. Windcat placed an order for one Multi-Purpose Accommodation Service Vessel (MP-ASV) with an option for five more, signaling continued fleet rejuvenation and decarbonization efforts.

The supervisory board saw changes with the resignation of Mr. Marc Saverys and Mrs. Julie De Nul, replaced by Mr. Carl Steen and Mrs. Gudrun Janssens. Market commentary highlighted the robust recovery in tanker and dry bulk markets after a quiet summer, with Capesize, Suezmax, and Chemical Tanker spot rates showing strong quarter-to-date performance for Q4 2025.