Stolt-Nielsen Ltd Ord (SOIEF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to Stolt Nilsson's earnings call for the final quarter of 2025. As always, the earnings release and related materials are available on our website. We'll be recording this session and playback will be available on our website from tomorrow. Included in this presentation are various forward-looking statements. Such forward-looking statements are subject to risks and uncertainties, and we refer you to our latest annual report for further details. I'm Alex Ong, Vice President of Corporate Development and Strategy. Joining me today are Udo Lange, our CEO, and Jens Grunerheger, our CFO. At the end of our presentation, there'll be a Q&A session where we'll be taking questions in the room and online. To ask a question online, simply type into the Q&A function on your screen. Thank you, and over to you, Udo. Yeah, thank you so much, Alex, and welcome everyone here in London, and of course on the call as well, and thanks for joining us today for our fourth quarter results. The presentation will follow the usual format. I will begin with an overview of the group's results for the quarter and the full year. And then Jens will cover the financials before handing back to me to run through the performance of our divisions, our view of the market outlook, and a few concluding remarks. In an unpredictable and challenging market context, I'm really pleased that overall Stolt Nielsen has delivered a solid finish to 2025, achieving EBITDA of 186 million for Q4. This completes the year with $776 million in EBITDA, which was at the upper end of our guidance and the second highest EBITDA result achieved in our history. We can continue to communicate that Stolz Nielsen is not a shipping company, but a logistics business. Non-stole tanker operations account for 57...