CMB.TECH NV Ordinary Shares (CMBT) Q1 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:06.019 Good afternoon, everyone, and welcome to the CMB Tech Q1 2026 00:00:06.019 -- 00:00:11.066 earnings call. My name is Alexandre Sévrys and I'm joined by my colleagues Ludovic Sévrys, 00:00:11.066 -- 00:00:15.089 Enya Derkinderen and Joris Daman. 00:00:16.814 -- 00:00:22.442 We will present to you the highlights of our first quarter and the title 00:00:22.442 -- 00:00:27.474 of this call is Firing on All Cylinders. We had a very interesting quarter, a very 00:00:27.474 -- 00:00:31.696 good quarter, and we would like to start with some financials and highlights, and I will 00:00:31.696 -- 00:00:34.299 hand it over to Ludovic. 00:00:34.675 -- 00:00:36.637 Thanks, Alex. 00:00:36.637 -- 00:00:41.863 As usual, we will start with a high-level overview of our company. 00:00:41.863 -- 00:00:47.189 We're active in five different segments, from black belt crew tankers, containers, chemicals, 00:00:47.189 -- 00:00:49.592 to offshore energy. We 00:00:49.592 -- 00:00:51.954 had an interesting quarter, as Alex mentioned. 00:00:51.954 -- 00:00:55.839 Compared to last quarter, our total fair market value has increased. 00:00:55.839 -- 00:00:59.403 Our market cap has increased. We've reduced our leverage. 00:00:59.403 -- 00:01:05.354 We've reduced our CapEx commitments and increased our contracts backlog. 00:01:05.354 -- 00:01:10.080 Next slide, please. If we zoom in on the Q1 financials, we've ended the quarter with 00:01:10.080 -- 00:01:13.261 a net profit of $368.8 00:01:13.344 -- 00:01:16.064 million. Notable 00:01:16.507 -- 00:01:21.794 in these figures are obviously our increased revenue, but we've been able 00:01:21.794 -- 00:01:27.140 to, while the quarter passed, deliver quite a bit. 00:01:27.140 -- 00:01:32.845 and reduced our margins with ...