CMB.TECH NV

CMB.TECH NV

15.94
EUR
-0.52
(-3.16%)
2.65EPS
4.70P/E
3.63BMarket Cap
Nov 26Next Earn
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
8.18
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
3.04
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
1.09
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
277
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
- -
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 (%)
- -
- -
11.67
- -
- -
- -
4.81
13.93
- -
7.69
26.87
28.11
8.65
14.29
Return on Capital (%)
- -
- -
13.24
- -
- -
- -
4.97
14.05
- -
7.66
27.66
28.62
8.93
14.2
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

USD

•

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
2,813
3,723
4,144

Working Capital

USD

•

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
215
Inventories
77
83
121
Total Current Liabilities
1,061
821
819
Payables & Accruals
152
267
160
ST Debt
830
554
581
Deferred Revenue
79
- -
78

Growth Rates

USD

•

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

USD

•

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

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.46
0.95
0.49
0.48
4.44
2025
0.23
0.04
0.08
0.31
0.7
2026
1.27
1.26
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.08
4.57
1.02
0.09
5.75
2025
- -
0.03
- -
0.05
0.09
2026
- -
- -
- -
- -
- -

Company Description

CEO
Alexander Saverys
Full Time Employees
2,500
Sector
Transportation
Industry
Marine shipping
Address
De Gerlachekaai 20 Antwerp VL Belgium 2000
IPO Date
Dec 1, 2004
Website
cmb.tech
Business
Cmb.Tech N.V. is a diversified maritime group engaged in international marine transportation and the development of sustainable maritime technologies. The company operates a fleet of about 250 vessels including dry bulk carriers, crude oil tankers, chemical tankers, container ships, offshore wind support vessels, tugboats, and ferries. It offers shipping services through three main divisions: Marine, which manages its diverse fleet for transportation and storage; H2 Infra, which focuses on the production, distribution, and supply of green hydrogen and ammonia fuels; and H2 Industry, which develops scalable dual-fuel industrial applications and hydrogen and ammonia combustion engines in cooperation with leading OEMs. Cmb.Tech also integrates hydrogen and ammonia fuel solutions for shipping, both from in-house production and third-party producers, emphasizing its commitment to decarbonizing shipping and advancing low-carbon maritime solutions. The company is listed on Euronext Brussels, the NYSE, and the Euronext Oslo Børs. It was founded in 1989 and is headquartered in Antwerp, Belgium. Recent major developments include the company's October 2024 rebranding from Euronav NV to Cmb.Tech NV, reflecting its expanded focus on future-proof and clean maritime technologies. In 2024 and early 2025, Cmb.Tech rejuvenated its fleet through the delivery of newbuilding vessels such as the Newcastlemax Mineral Eire and the Suezmax Helios, alongside the sale of older vessels generating substantial capital gains. These actions are part of a strategic fleet modernization aligned with sustainability goals. Additionally, the company has intensified its commitment to decarbonization by advancing hydrogen and ammonia fuel infrastructure, supporting the maritime industry's transition towards cleaner energy sources. Cmb.Tech operates globally with offices in Europe, Asia, and Africa, servicing diverse maritime and industrial markets. Cmb.Tech N.V. is a subsidiary of CMB NV and employs over 2,700 people. Its ongoing innovation in hydrogen and ammonia fuels through inhouse technology development and partnerships with OEMs illustrates its leadership in maritime energy transition. The company combines traditional shipping services with cutting-edge green technologies to meet evolving regulatory and environmental demands in the maritime sector.

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