Strong Financial Metrics
Cmb.Tech finished the quarter with a net profit of $17 million and an EBITDA of $238 million. Liquidity is strong with over $555 million available.
Successful Merger and Asset Expansion
Completion of the merger with Golden Zhoushan, resulting in a fleet of over 250 ships and the addition of seven newbuild vessels.
Positive Outlook for Tanker and Dry Bulk Markets
Demand growth and favorable supply-demand fundamentals in the tanker and dry bulk markets are expected to continue benefiting the company.
Order of a New Multipurpose Vessel
Announcement of a new multipurpose accommodation service vessel, enhancing offshore capabilities.
Dividend Declaration
Board declared an interim dividend of $0.05 per share, payable early January.
Strong Cash Flow Projections
Potential to add $600 million in liquidity over a year at current market rates, with an anticipated $250 million free cash flow per quarter.