Odfjell Technology Ltd (ODTLF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Okay, good morning again, everyone. First and foremost, I apologize for this delay, which is due to some technical issues here at the Continental Hotel in Oslo. We are today presenting our fourth quarter results and the preliminary full year results in front of a live audience here in Oslo. And I'm very pleased to welcome our loyal shareholders, the banks. We have the analysts here and also the journalists. A hearty welcome to all of you. The presentation today follows a traditional agenda. I will take you quickly through the highlights and then my colleague Terje Iversen will take you through our financial performance and I will summarize this presentation with an operational review and also a market update and our prospects for the future. Then turning to the highlights, we are once again very happy that we delivered a quarter where we had no serious incidents in our fleet. We delivered time chart earnings of 168 million US dollars and this compares to 173 in the previous quarter. Time charter earnings per day were down less than 1%. We produced 27,978 US dollars in the fourth quarter. And this compares to 28,174 in the third quarter. The EBIT was 53 million. This compares to 59 million. And the net result contribution from on-shelf terminals was 1.8 versus 2.6 in the previous quarter. We had a net result of 38 million U.S. dollars. This compares to 43 in the previous quarter. And adjusted for one of items, we had 38 versus 42. We also, during the quarter, launched the world's first operational green corridor between Brazil and Europe. This corridor is self-funded, and we did it to accelerate the implementation of biofuel in deep-sea shipping. I will come back to that later in my presentation. We also concluded contracts for two more super-segregators. They will be...