CMB.TECH NV Ordinary Shares (CMBT) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to the CNB Tech earnings conference call for the third quarter of 2025. My name is Alexandre Sévrys and I'm joined by my colleagues Ludovic Sévrys, Enya Derkenden and Jois Daman. We have the usual topics we want to discuss with you today, starting with our financials and the highlights of the quarter. We will then move to the marine division market update and we will close with the conclusion and Q&A. I would like to start with the financial highlights and will therefore hand over to our CFO, Ludovic. Thanks, Alex. If you move to the next slide. This is the typical overview of our company now post-Golden Ocean merger. We have roughly $11 billion worth of assets on the water and being constructed, over 250 ships. and we'll go further towards the metrics at a later time in the slide deck um but uh if you move to next slide alex you'll see that we finished the quarter uh with the result of roughly 17 million dollars of net profits um our ebda is to that $238 million, where we end the quarter with ample liquidity. We have more than $555 million worth of liquidity in the company. The contract backlog stayed the same, which means that we added a little bit compared to the natural attrition we have quarter on quarter. The capex right now sits at $1.6 billion, and our equity on total assets, book equity for the bond components, still sits above the 30.4%. We had a pretty active quarter, obviously apart from finishing the merger with GoldenOcean, but the Board decided to declare an interim dividend of 5 cents per share, which is going to be payable early January. Our CAPEX program is now fully funded. I'm happy to say that we have signed all new loan agreements on the remaining CAPEX. and the equity component has been covered by own liquidity and sa...