CMB.TECH Reports Q2 2026 Profit of USD 364.4 Million

Bloomberg··BEAU·Read original
4▲1 ▼0Impact / 5
Summary · why it matters

CMB.TECH NV reported a net profit of USD 364.4 million for the second quarter of 2026, up from USD 7.8 million in the same period last year, with EBITDA reaching USD 552.8 million. The company's contract backlog remained stable at USD 3.26 billion, and it intends to distribute USD 0.64 per share. During the quarter, CMB.TECH delivered nine newbuildings, including Newcastlemaxes, VLCCs, Suezmaxes, a CSOV, and a CTV, and signed a milestone agreement with Fortescue for the charter of up to 12 ammonia-powered Newcastlemax vessels. The company also completed sales of two VLCCs and one Suezmax, generating gains of USD 98.2 million and USD 29.2 million respectively, with additional vessel sales expected to contribute gains in Q3 and Q4 2026. CEO Alexander Saverys attributed the strong results to continued strength in tanker and dry bulk markets and strategic diversification.

Impact on assets 3

Energy▲ · 2 stocks
CMB.TECH NV
CMBT
▲ PositiveCapitalDemandrelevance

CMB.TECH reported Q2 2026 net profit of USD 364.4 million, up sharply from USD 7.8 million a year earlier, with EBITDA of USD 552.8 million and a USD 0.64 per share distribution.

Critical Materials & Supply Chain▲ · 1 stocks

Off-coverage companies 1

Fortescue LtdPrivate▲ Positive
Demandrelevance

Signed milestone agreement with CMB.TECH for charter of up to 12 ammonia-powered Newcastlemax vessels, indicating demand for green shipping.

© 2026 MarketIVNews