CMB.TECH (NYSE:CMBT) reported a solid fourth quarter for 2025, underpinned by a significant expansion of its forward order book and the early retirement of major debt.
The company posted an unaudited net profit of $90.1 million for the period, with EBITDA reaching $322.1 million, despite absorbing $13.6 million in one-off charges.
The quarter was defined by a strategic high-grading of the company’s fleet.
CMB.TECH took delivery of six newbuild vessels while capitalizing on a secondary market price surge to sell older VLCCs and Capesize bulkers.
This aggressive fleet renewal program helped drive the company’s total contract backlog up by $304 million, bringing the total future revenue transparency to $3.05 billion.
Strengthened by this operational momentum, the board declared an interim dividend of $0.16 per share.
Furthermore, the company utilized its cash position to complete the early repayment of the Golden Ocean bridge loan, significantly de-leveraging the balance sheet ahead of the 2026 fiscal year.
In addition to the financial updates, the company announced a shift in its governance structure, with a board member resignation set to take effect on May 1, 2026.