Ernst Russ Ag · XETR:ERAG
Ernst Russ — FY2025 Earnings Presentation
26 slides from Ernst Russ's earnings presentation, Mar 25, 2026
Slide 1: Investor Presentation Q4 & FY 2025
ERNST RUSS AG Investor Presentation Q4 & FY 2025 25 March 2026
Slide 2: Content
ERNST RUSS AG INVESTOR PRESENTATION Q4 & FY 2025 Content 1 Introduction Ernst Russ 2 Financials Q4 & FY 2025 3 Market Update 4 Company Update
Slide 3: Ernst Russ´ role in international shipping
ERNST RUSS AG INVESTOR PRESENTATION Q4 & FY 2025 Ernst Russ´ role in international shipping Ship-owner / „Manage the Manager“ Subcontractors Tonnage Provider Commercial management Financing Technical management Providing tonnage for flexibility and growth Quality assurance Crewing Brokerage (Insuran
Slide 4: Ernst Russ at a Glance 31.12.2025
ERNST RUSS AG INVESTOR PRESENTATION Q4 & FY 2025 Ernst Russ at a Glance 31.12.2025 EBIT and EBITDA quarterly 158.1 EUR 25 Revenue 2025 Vessels on Water EUR 126.2 m 2 EBITDA 2025 Vessels on Order 63.0 % Avg. EBITDA ratio ≈ USD 543 m last 3 years Market value fleet %% 192.6 % 17.3 years Debt-to-equity
Slide 5: Overview Q4 2025 & Post Quarter Update
ERNST RUSS AG INVESTOR PRESENTATION Q4 & FY 2025 Overview Q4 2025 & Post Quarter Update Key Developments Q4 Financial Performance: Revenue totaling EUR 38.9 m and an operating result (EBIT) of EUR 18.8 m Operational Performance: Fleet utilization of 97.6 %. Average Charter rate/day increases from 18
Slide 6: Duration of Charter Parties 31.12.2025
ERNST RUSS AG INVESTOR PRESENTATION Q4 & FY 2025 Ø Charter Duration of Charter Parties 31.12.2025 Duration 26.0 months Name Ownership Segment Capacity Year built Jan 26 Feb 26 Mar 26 Apr 26 May 26 Jun 26 Jul 26 Aug 26 Sep 26 Oct 26 Nov 26 Dec 26 Min. Charter Rome Express Ernst Russ Container 13,400
Slide 7: Content
ERNST RUSS AG INVESTOR PRESENTATION Q4 & FY 2025 Content 1 Introduction Ernst Russ 2 Financials Q4 & FY 2025 3 Market Update 4 Company Update
Slide 8: Q4 2025
Y 042025
Slide 9: Key Performance Indicators Q4 2025 vs. Q4 2024
ERNST RUSS AG INVESTOR PRESENTATION Q4 & FY 2025 Key Performance Indicators Q4 2025 vs. Q4 2024 EBITDA- EBIT and EBITDA margin Key performance Shipping: Revenue vs. OPEX* Despite a lower indicators on a number of vessels and +15,9% 67.7% higher level than 42 38 trading days compared 26 23 same perio
Slide 10: Net Income Q4 2025
ERNST RUSS AG INVESTOR PRESENTATION Q4 & FY 2025 Net Income Q4 2025 In EUR m Highlights EBIT 18.8 Net interest and investment income includes mainly income from the Non-operating reversal of impairment on financial -0.2 result assets Net interest and investment 2.5 income EBT 21.1 Net income 20.0 be
Slide 11: Cashflow Q4 2025
ERNST RUSS AG INVESTOR PRESENTATION Q4 & FY 2025 Cashflow Q4 2025 In EUR m Cashflow EUR m Liquidity Highlights 1.10.2025 110.0 Strong EBITDA leads to positive Cashflow from operating Cashflow operating activities 19.5 Cashflow from investing activities includes advance payments to the Cashflow from
Slide 12: Balance Sheet 31.12.2025
ERNST RUSS AG INVESTOR PRESENTATION Q4 & FY 2025 Balance Sheet 31.12.2025 Assets ∑ 355.0 ∑ 370.1 EUR m Highlights 226.9 241.2 Strong capitalization for future growth Vessels* Robust balance sheet with equity 110.7 114.3 Liquidity ratio of 79.1% (Adj.**: 84.2%) Other assets 17.4 14.6 31.12.2024 31.12
Slide 13: FY 2025
FY 2025
Slide 14: Key Performance Indicators 2025 vs. 2024
ERNST RUSS AG INVESTOR PRESENTATION Q4 & FY 2025 Key Performance Indicators 2025 vs. 2024 EBITDA- margin EBIT and EBITDA Key performance Shipping: Revenue vs. OPEX* Trading days 79.9% indicators on a decreased from 10,338 +35% 126 higher level than to 9,495 previous year 93 96 167 153 Despite a lowe
Slide 15: Net Income FY 2025
ERNST RUSS AG INVESTOR PRESENTATION Q4 & FY 2025 Net Income FY 2025 In EUR m Highlights EBIT 96.4 The Non-operating result includes in particular exchange rate differences Non-operating result -10.0 Net interest and investment income includes mainly interest on fixed- Net interest and term deposits
Slide 16: Cashflow FY 2025
ERNST RUSS AG INVESTOR PRESENTATION Q4 & FY 2025 Cashflow FY 2025 In EUR m Cashflow EUR m Liquidity Highlights 01.01.2025 110.7 Strong EBITDA leads to positive Cashflow from operating Cashflow operating activities 86.9 Cashflow from investing activities includes proceeds from ship sales Cashflow fro
Slide 17: Content
ERNST RUSS AG INVESTOR PRESENTATION Q4 & FY 2025 Content 1 Introduction Ernst Russ 2 Financials Q4 & FY 2025 3 Market Update 4 Company Update
Slide 18: Container Shipping - Supply
ERNST RUSS AG INVESTOR PRESENTATION Q4 & FY 2025 Container Shipping - Supply Global container fleet and orderbook* Age structure global container fleet* Comments: 500 - 25+ years 3.361 General: Container markets 2,999 306 5.2% 20-24 years <5years TEU 11.7% remained resilient, supported by 25.8% stro
Slide 19: Container Shipping – Charter Market
ERNST RUSS AG INVESTOR PRESENTATION Q4 & FY 2025 Container Shipping – Charter Market Development of freight and charter rates Market Overview: 6000 Geopolitical Impact: Continued Red Sea re-routing supported TEU-mile demand 5000 and reshaped global trade flows. Trade policies: US–China tariff volati
Slide 20: Content
ERNST RUSS AG INVESTOR PRESENTATION Q4 & FY 2025 Content 1 Introduction Ernst Russ 2 Financials Q4 & FY 2025 3 Market Update 4 Company Update
Slide 21: Strategic Roadmap
ERNST RUSS AG INVESTOR PRESENTATION Q4 & FY 2025 Strategic Roadmap Phase 1: Transformation Phase 2: Disciplined Growth Phase 3: Vision Start of the Fleet Modernization Program Diversified yield play focusing on risk mitigation Portfolio Approach ✓ Sale of older Tonnage to rejuvenate fleet ✓ Order of
Slide 22: Forecast 2026
ERNST RUSS AG INVESTOR PRESENTATION Q4 & FY 2025 Forecast 2026 EUR 145-160 m 97.0% Revenue Utilization Thereof contracted: EUR 138.6 m (2025: EUR 158.1 m) (2025: 97.7 %) EUR 34-44 m 1.20 USD/EUR EBIT FX-Rate © Dietmar Hasenpusch (2025: EUR 96.4 m incl. vessel sales of EUR 42.9 m) (2025: 1.13 USD/EUR
Slide 23: Share and Investor Relations
ERNST RUSS AG INVESTOR PRESENTATION Q4 & FY 2025 Share and Investor Relations Shareholder Structure Performance of the share price XETRA in EUR 8,00 24.7% 6,00 33.7 m 38.5% Number 4,00 of shares Döhle Group 2,00 J.P.&J.D. Döhle 36.8% 0,00 Free Float 2020 2021 2022 2023 2024 2025 2026 Ø Target Non-ba
Slide 24: Financial Calendar 2026
ERNST RUSS AG INVESTOR PRESENTATION Q4 & FY 2025 Financial Calendar 2026 14 April 2026 22 April 2026 28 May 2026 4 June 2026 Metzler Small Cap Munich Capital Publication of Three- Annual General Days Markets Conference Month Report 2026 Meeting 2026 Frankfurt Munich + Earnings Call virtual 23 June 2
Slide 25: Disclaimer
ERNST RUSS AG INVESTOR PRESENTATION Q4 & FY 2025 Disclaimer This presentation has been prepared by Ernst Russ AG („Company“) and comprises the written materials/slides for a presentation concerning the Company. By attending this presentation and / or reviewing the slides you agree to be bound by the
Slide 26: Ernst Russ AG
ERNST RUSS AG Ernst Russ AG Elbchaussee 370 22609 Hamburg Germany Picture title and back: Adobe Stock © Mariusz ir@ernst-russ.de | +49 40 8888 1 1800