Cmb.Tech N.V.

Cmb.Tech N.V.

CMBT
Cmb.Tech N.V.US flagNew York Stock Exchange
19.49
USD
+0.80
- -
5.66BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
6.06
4.07
5.43
4.32
3.25
3.13
4.23
5.76
2.08
4.24
6.12
4.8
7.26
7.81
Basic EPS, GAAP
-1.79
-0.39
2.25
1.29
0.01
-0.57
0.52
2.25
-1.68
1.01
4.25
4.44
0.7
2.9
Free Cash Flow per Basic Share
-0.38
-9.97
0.58
0.6
0.21
-1.24
1.22
3.54
-2.17
-1.41
2.47
-3.38
-2.56
1.04
Dividend per Share
- -
- -
0.89
1.37
0.28
0.12
0.12
1.67
0.12
0.12
3.12
5.75
0.09
0.05
Book Value per Share
15.26
11.24
11.97
11.94
11.67
10.33
10.75
11.46
9.72
10.77
11.66
6.14
9.04
10.76
Tangible Book Value per Share
15.26
11.24
11.97
11.94
11.67
10.33
10.75
11.46
9.72
10.69
11.59
6.06
8.39
10.09
Basic Weighted Avg Shares
50
117
156
158
158
192
216
210
202
202
202
196
229
290
Sales/Revenue/Turnover
305
474
847
684
513
600
915
1,210
420
855
1,235
940
1,666
2,267
Operating Margin (%)
-17.89
1.23
40.95
26.59
-0.41
-15.07
19.77
42.27
-70.67
23.22
48.36
39.28
22.2
32.19
Depreciation Expense
137
161
210
228
230
271
338
320
345
223
221
166
388
224
Net Income, GAAP
-90
-46
350
204
1
-110
112
473
-339
203
858
871
161
842
Effective Tax Rate (%)
- -
- -
1.85
- -
- -
- -
0.62
0.41
- -
1.36
0.7
0.22
6.82
1.1
Profit Margin (%)
-29.44
-9.66
41.38
29.82
0.27
-18.34
12.27
39.1
-80.71
23.78
69.47
92.62
9.65
37.15
Working Capital
-53
242
196
184
122
234
486
248
138
353
1,207
78
-148
100
LT Debt
836
1,319
952
966
801
1,570
1,524
1,156
1,476
1,539
635
2,319
4,720
4,871
Total Equity
801
1,473
1,906
1,888
1,846
2,261
2,312
2,312
1,961
2,173
2,357
1,192
2,623
3,121
Return on Invested Capital (%)
- -
- -
11.5
- -
- -
- -
4.44
13.33
- -
5.19
16.55
10.36
5.74
8.91
Return on Capital (%)
- -
- -
13.24
- -
- -
- -
4.97
14.05
- -
7.66
27.66
28.62
8.93
14.71
Return on Common Equity (%)
-10.75
-4.03
20.74
10.76
0.07
-5.36
4.91
20.47
-15.86
9.83
37.87
49.06
8.42
37.86

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
830
554
581
LT Borrowings
4,716
4,686
4,867
LT Finance Leases
3
5
4
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
290
290
290
Market Capitalization
2,800
3,671
4,059

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
913
777
919
Cash, Cash Equivalents & STI
147
203
160
Accounts Receivable, Net
183
351
416
Inventories
77
83
121
Total Current Liabilities
1,061
821
819
Payables & Accruals
152
267
238
ST Debt
830
554
581
Deferred Revenue
79
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
14.95%
120.02%
Free Cash Flow
-161.26%
-142.73%
-11.41%
Net Income, GAAP
-816.97%
-17.9%
-81.55%
Sales/Revenue/Turnover
19.36%
27.23%
77.2%
Total Cash Common Dividend
358.76%
478.14%
-98.21%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
240
252
222
226
940
2025
235
388
454
589
1,666
2026
520
704
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.46
0.95
- -
- -
4.44
2025
0.23
0.04
- -
0.31
0.7
2026
1.27
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
4.57
- -
- -
5.75
2025
- -
- -
- -
0.05
0.09
2026
- -
- -
- -
- -
- -

Company Description

CEO
Alexander Saverys
Full Time Employees
2,752
Sector
Industrials
Industry
Marine Shipping
Address
De Gerlachekaai 20 Antwerp VL Belgium 2000
IPO Date
Feb 17, 2000
Website
cmb.tech
Business
Cmb.Tech N.V. is a diversified maritime group headquartered in Antwerp, Belgium, engaging primarily in marine transportation. The company operates a fleet of approximately 250 vessels, including dry bulk carriers, crude oil tankers, container ships, chemical tankers, offshore wind support vessels, tugboats, and ferries. Cmb.Tech also operates through two other divisions: H2 Infra, which produces and distributes green hydrogen and ammonia, and H2 Industry, which develops scalable dual-fuel hydrogen and ammonia combustion engines for industrial applications. The company serves global shipping markets, focusing on decarbonizing the maritime industry by integrating sustainable fuel technologies into its operations. Founded in 2003, Cmb.Tech is a subsidiary of CMB NV. Recent major changes include its name change from Euronav NV to Cmb.Tech NV in October 2024, reflecting its strategic shift toward future-proof shipping and sustainable fuel alternatives. In 2025, the company expanded its fleet with the addition of seven new vessels, including very large crude carriers (VLCCs), chemical tankers, and offshore wind vessels, while selling older ships to modernize and decarbonize its fleet. Cmb.Tech also extended time charters and secured new vessel orders, notably in the offshore wind sector, underscoring its commitment to growth and sustainability. The company reported strong Q3 2025 financial results, with a profit of USD 17.3 million and an EBITDA of USD 238.4 million, driven by robust tanker and dry bulk market conditions. Cmb.Tech continues to invest in hydrogen and ammonia fuel production infrastructure and innovative dual-fuel engine technologies in partnership with leading OEMs, positioning itself as a leader in maritime decarbonization globally.

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