Odfjell Se B (ODJBF) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

okay good morning to to all of you and good morning also to those who follow us live this presentation is given at the western norway at the stock exchange seminar here at close to bergen airport and I also want to remind those following us online that it's possible to type in questions during the presentation, and we will address them afterwards. Today's agenda is the same as always. I will go through the highlights, and then my colleague, Terje Iversen, he will take you through the financial results, and then I will conclude this presentation with an operational review and a market update and prospects going forward. And if we then turn to the highlights, I'm first and foremost extremely satisfied to see that we have completed another quarter without any significant incidents in our fleet. And we also, in my opinion, delivered very resilient results in a challenging market. First and foremost, because of the political turmoil that we all observe, and then also due to the unresolved trade negotiations that are still ongoing. I'll come back to that later. On top of that, the summer season is normally a more quiet season for chemical tankers. So despite all those negative factors, we still managed to deliver a $6 million increase in our time chart of earnings. And in the second quarter, we earned $174 million, and this compares to $168 million in the first quarter. Our time chart of earnings per day was $30,306,000, and this is up from 29,556 in the previous quarter. We also saw an increase in our EBIT, 59 compared to 54 in the previous quarter. And bottom line, we delivered net results of 40 million and adjusted for one-offs, it's 42, and this compares to 33 million in the first quarter. We also saw a net contribution from our terminal division of 1.9 million US doll...