The earnings call presented a mixed outlook with significant strategic moves such as the merger with Golden Ocean and contract additions, alongside challenges in profitability and market conditions in certain segments. The company's focus on decarbonization and strategic divestments show promise, while the decision not to declare a dividend and challenges in the dry bulk market contribute to investor concerns.

Company Guidance

In the first quarter of 2025, Cmb.Tech reported a profit of approximately $40 million, but excluding capital gains, the net income was a loss of $6 million. The company's liquidity at the end of March was $245 million, and the contract backlog approached $3 billion, having added roughly $1 billion in the quarter. Capital expenditures remained at $2.2 billion, and equity on total assets was 31.9%. The fleet consisted of 113 vessels, with 46 newbuilds coming, and is expected to grow to 150 vessels by 2026. In terms of earnings, tankers achieved $40,000 per day in Q1, increasing to $43,000 in Q2, while Newcastlemaxes earned $18,000 per day in Q1 and $24,000 in Q2. The proposed merger with Golden Ocean would expand the fleet to 250 vessels and the fair market value to $11.1 billion. The company's CapEx commitments remain unchanged, and they are aiming for listings in New York and Oslo. Additionally, Cmb.Tech is focused on decarbonization strategies, including dual-fuel ammonia-powered vessels, and highlighted the impact of MEPC '83 on future fuel regulations.

Strategic Merger with Golden Ocean

Cmb.Tech announced a merger with Golden Ocean, which will create a leading diversified maritime group with a fleet of 250 vessels, including 50 newbuildings, and $3 billion contract backlog.

Significant Contract Additions

Cmb.Tech added $1 billion in contracts in Q1, including agreements with Fortescue and MOL for ammonia-powered and ammonia-ready vessels.

Successful Divestments

The sale of three VLCCs is expected to bring $100 million in capital gains in the next quarters, with $46 million gained in Q1 from other divestments.

Positive Outlook for Tankers

Achieved earnings for tankers were $40,000 per day in Q1 and increased to $43,000 in Q2. The company is bullish on the tanker market due to a low order book and aging fleet.

Advancements in Decarbonization

The company is advancing its strategy of decarbonization with MEPC '83 regulation, promoting ammonia as a future fuel, and engaging in hydrogen and ammonia projects in Namibia.

Euronav (CMBT) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CMBT Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 13, 2025	2025 (Q3)	0.15 / -	0.211	―	―	―
Aug 28, 2025	2025 (Q2)	-0.16 / -0.04	1.014	-104.02% (-1.06)
May 21, 2025	2025 (Q1)	-0.06 / 0.22	2.665	-91.91% (-2.45)
Feb 27, 2025	2024 (Q4)	0.21 / 0.54	2.184	-75.41% (-1.65)
Nov 07, 2024	2024 (Q3)	0.16 / 0.21	0.625	-66.29% (-0.41)
Aug 08, 2024	2024 (Q2)	0.31 / 1.01	0.852	18.99% (+0.16)
May 08, 2024	2024 (Q1)	0.48 / 2.66	0.928	187.08% (+1.74)
Feb 01, 2024	2023 (Q4)	0.53 / 2.18	1.234	76.89% (+0.95)
Nov 02, 2023	2023 (Q3)	0.45 / 0.63	0.095	554.88% (+0.53)	―	―
Aug 03, 2023	2023 (Q2)	0.69 / 0.85	-0.023	3760.00% (+0.88)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

CMBT Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 21, 2025	$9.26	$8.94	-3.46%
Feb 27, 2025	$9.61	$9.25	-3.75%
Nov 07, 2024	$13.32	$13.16	-1.20%
Aug 08, 2024	$16.95	$17.12	+1.00%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Euronav (CMBT) report earnings?

Euronav (CMBT) is schdueled to report earning on Nov 13, 2025, Before Open (Confirmed).

What is Euronav (CMBT) earnings time?

Euronav (CMBT) earnings time is at Nov 13, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is CMBT EPS forecast?

CMBT EPS forecast for the fiscal quarter 2025 (Q3) is 0.15.

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