CMB.TECH announces Q1 2026 results

CMB.TECH ANNOUNCES Q1 2026 RESULTS FIRING ON ALL CYLINDERS ANTWERP, Belgium, 19 May 2026 – CMB.TECH NV ("CMBT", "CMB.TECH" or "the company") (NYSE: CMBT , Euronext Brussels: CMBT and Euronext Oslo Børs: CMBTO)) reported its unaudited financial results today for the first quarter ended 31 March 2026. HIGHLIGHTS Financial highlights: Profit for the period of USD 368.8 million in Q1 2026. EBITDA for the same period was USD 558.3 million. CMB.TECH's contract backlog increased to USD 3.26 billion with the addition of 1 x 5-year Suezmax time charter and extension of 2 x Suezmax time charters by one year to a 10-year time charter each (with a profit split). Intention to distribute an amount of USD 0.64 per share. Fleet highlights: Delivery of 7 newbuilding vessels (Q1 + Q2 to date): Newcastlemaxes: Mineral Latvija VLCCs: Eburones, Menapii Suezmaxes: Cap Grace, Cap Joseph Chemical tanker: Bochem Callao CSOV: Windcat Haarlem Previously announced sale of 8 VLCCs: Daishan (2007, 306,005 dwt), Hirado (2011, 302,550 dwt), Ilma (2012, 314,000 dwt), Ingrid (2012, 314,000 dwt), Hojo (2013, 302,965 dwt), Dia (2015, 299,999 dwt), Antigone (2015, 299,421 dwt), and Aegean (2016, 299,999 dwt). Previously announced sale of Capesize vessels Golden Magnum (2009, 179,790 dwt), and Belgravia (2009, 169,390 dwt). Sale of Suezmax Sienna (2007 - 150,205 dwt). The sale will generate a gain of USD 29.2 million and is expected to be recognised upon delivery in the second quarter of 2026. For the first quarter of 2026, the company realised a net gain of USD 368.8 million or USD 1.27 per share (first quarter 2025: a net gain of 40.4 USD million or USD 0.23 per share). EBITDA (a non-IFRS measure) for the same period was USD 558.3 million (first quarter 2025: USD 158.4 million). "CMB.TECH is firing on all cylinders. We are reaping the benefits of a red-hot tanker market through a mix of sales of ol