CMB.TECH NV (CMBT) Q2 2026 Earnings Call Transcript

SA Transcripts 162.03K Followers Follow CMB.TECH NV ( CMBT ) Q2 2026 Earnings Call August 27, 2026 8:00 AM EDT Company Participants Alexander Saverys - CEO & Member of Management Board Enya Derkinderen - Brand Manager Conference Call Participants Frode Morkedal - Clarksons Platou Securities AS, Research Division Kristof Samoy - KBC Securities NV, Research Division Climent Molins - Value Investor's Edge Presentation Alexander Saverys CEO & Member of Management Board Good morning, good afternoon, and welcome to the earnings conference call for the second quarter of 2026 of CMB.TECH. My name is Alexander Saverys. I'm the CEO of CMB.TECH and I'm joined by my colleagues, Joris Daman and Enya Derkinderen. We will start, as always, with our financials and some highlights. And before we do, we give you an overview of the fleet of CMB.TECH. You can see that we have 206 vessels on the water with another 26 newbuildings coming. Our contract backlog is stable at $3.3 billion. The fleet is young. We have an average age below 6 years. Our CapEx commitments, we will discuss a bit later, have now gone down to less than $1 billion. We have a market cap of $5.2 billion, a fair market value of the fleet of $11.2 billion. And for those who might not know, but we are still listed in New York, in Brussels and in Oslo. Our second quarter financials, the title of our press release was making hay, making hay while the sun shines. These are exceptional times for shipping and also exceptional times for CMB.TECH. The company has made a profit of $364.4 million in the second quarter. This was on the back of an increased revenue of over $700 million and an exceptional profit that we made on the sale of assets of $127 million. You can see the other items in our profit and loss that stick out.