Dampskibsselskabet Ord (DPBSF) Q3 2025 Earnings Call

Investor webinar replay

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.411 Good morning and welcome everyone to this webcast with a presentation of the Q3 2025 00:00:05.411 -- 00:00:08.148 report from NOAN that was published this morning. 00:00:08.148 -- 00:00:11.995 In the first part of the presentation, you'll be in a listen-only mode, which will be 00:00:11.995 -- 00:00:16.503 followed by a Q&A session. During the Q&A session, you'll be able to ask questions by 00:00:16.503 -- 00:00:21.151 pushing the pound key or hashtag followed by five on your phone's touchpad. 00:00:21.151 -- 00:00:25.618 If you're watching this webcast online, you can ask questions written in the chat below. 00:00:25.618 -- 00:00:30.447 With that, I'll hand over to CEO Jan Rembo and CFO Martin Badstedt from NOAN. 00:00:30.447 -- 00:00:32.617 Please go ahead. 00:00:32.617 -- 00:00:37.683 Thank you very much and also a warm welcome from my side to this 00:00:37.683 -- 00:00:41.367 Q3 presentation of our results. 00:00:41.367 -- 00:00:45.209 Let's dive into the numbers. 00:00:45.271 -- 00:00:50.337 In the third quarter, we delivered a net profit of $26 million. 00:00:50.337 -- 00:00:55.362 This was driven by asset management and vessel sales as we continue to 00:00:55.362 -- 00:00:59.296 realize values from our fleet portfolio. 00:00:59.296 -- 00:01:04.361 And what is also evident here is that with a rising market 00:01:04.361 -- 00:01:10.727 and rising asset values, we've seen our NAV increase by 7% in 00:01:10.727 -- 00:01:15.953 the quarter. With better than expected performance and also 00:01:15.953 -- 00:01:20.715 this rising market, we have raised 00:01:20.717 -- 00:01:25.722 our full year guidance on the 28th of October to a range now of 00:01:25.722 -- 00:01:28.405 between 100 to 140 00:01:28.405 -- 00:01:30.295 million dolla...