From GlobeNewswire: 2025-02-27 01:05:00

CMB.TECH announced its Q4 2024 financial results, reporting a profit of USD 93.1 million, with a total profit for the year at USD 870.8 million. The company delivered 7 newbuilding vessels and sold 4 Suezmaxes and the Windcat 6. Despite slow markets, the company’s CEO, Alexander Saverys, expressed satisfaction with the results.

In the financial report, CMB.TECH disclosed a net gain of USD 93.1 million in Q4 2024, with an EBITDA of USD 180.4 million. The company highlighted the sale of older Suezmaxes as a key factor contributing to its healthy profit. With a strategy focused on fleet optimization, CMB.TECH remains well-positioned for value generation in 2025.

CMB.TECH’s fleet developments included the sale of several vessels, such as three Suezmax vessels and the Windcat 6. Additionally, newbuilding deliveries included vessels like the Newcastlemax Mineral Eire and the container vessel CMA CGM Dolomites. These developments align with the company’s strategy of maintaining a modern and low carbon fleet.

In the market outlook section, CMB.TECH discussed the performance of tanker, dry-bulk, container, chemical, and offshore wind markets. The company provided insights into spot rates, industry trends, and projections for each market segment. Analyst estimates and future expectations were also discussed within the report.

CMB.TECH’s financial statements showed a comprehensive overview of its assets, liabilities, equity, and cash flows for the period. The company’s balance sheet, profit or loss statement, comprehensive income statement, and changes in equity were detailed to provide transparency to stakeholders. The financial data reflected the company’s performance and financial health throughout the year.



Read more at GlobeNewswire:: CMB.TECH announces Q4 2024 results