CMB.TECH NV Ordinary Shares (CMBT) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.056 And welcome to the CMB Tech Earnings Conference Call for the fourth 00:00:05.056 -- 00:00:08.057 quarter of 2025. 00:00:08.860 -- 00:00:14.106 My name is Alexander Severis, and I'm joined here by my colleagues, Joris, 00:00:14.106 -- 00:00:16.867 Enya, and Ludovic. 00:00:18.150 -- 00:00:23.276 We will touch upon our classic topics. We'll start with our financial 00:00:23.276 -- 00:00:28.421 highlights. We will then give you a market update and finish with a conclusion 00:00:28.421 -- 00:00:30.761 and a Q&A. 00:00:31.317 -- 00:00:35.382 And for the financial highlights, I'd like to hand it over to Ludovic. 00:00:35.382 -- 00:00:38.326 Thanks, Alex, and good afternoon, everybody. 00:00:38.326 -- 00:00:40.008 As 00:00:40.008 -- 00:00:44.453 usual, we start with a snapshot of our company, 00:00:44.453 -- 00:00:49.640 where here we've shown you the key metrics of the fleet, roughly 40 00:00:49.640 -- 00:00:51.162 ships 00:00:51.162 -- 00:00:54.426 with about a $10.7 billion fair market value. 00:00:54.426 -- 00:00:56.849 This is excluding the vessels we have sold already. 00:00:56.849 -- 00:01:02.657 Our market cap sits today at $4.2 billion after a nice run-up on the share. 00:01:02.657 -- 00:01:08.084 We have $1.5 billion capex remaining as from end of January and operate 00:01:08.084 -- 00:01:13.832 a modern fleet of 5.9 years. Drywall today is 00:01:13.832 -- 00:01:19.159 predominantly 60% of our total fair market value, with the other divisions 00:01:19.159 -- 00:01:22.398 showing the rest of the value of the fleet. 00:01:22.398 -- 00:01:27.464 zooming in on the highlights of the q4 we had a net profit of 90 million 00:01:27.464 -- 00:01:32.491 dollars that bring the full year profits to 140 and the evda 00:01:32.491 -- 00:01:35.53...