Quarterly ResultMay 19, 2026, 01:02 AM
CMB.TECH Q1 2026 Profit $368.8M; EBITDA $558.3M; Dividend $0.64
AI Summary
CMB.TECH reported strong unaudited financial results for Q1 2026, with profit soaring to $368.8 million and EBITDA reaching $558.3 million, significantly up from the previous year. The company's contract backlog increased to $3.26 billion, and it intends to distribute $0.64 per share. These results were driven by a robust tanker market, strong dry bulk performance, and strategic vessel sales, alongside newbuilding deliveries. The market outlook remains positive for most segments despite geopolitical uncertainties and a growing orderbook.
Key Highlights
- Q1 2026 Profit for the period was $368.8 million, up from $40.4 million YoY.
- Q1 2026 EBITDA was $558.3 million, a significant increase from $158.4 million YoY.
- Contract backlog increased by $109 million to $3.26 billion.
- Intention to distribute $0.64 per share (interim dividend $0.20, share premium $0.44).
- Q1 2026 Revenue was $519.63 million, up from $235.04 million YoY.
- Net gain on disposal of tangible assets was $267.4 million in Q1 2026.
- Delivered 7 newbuilding vessels in Q1 and Q2 to date.
- VLCC average spot rate was $70,204/day in Q1 2026, rising to $182,731/day QTD Q2 2026.
Price Impact
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