1. Norway Stocks

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    Transportation

  3. •

    Marine shipping
Klaveness Combination Carriers ASA

Klaveness Combination Carriers ASA

101.20
NOK
-1.80
(-1.75%)
8.88EPS
10.02P/E
5.30BMarket Cap
Oct 27Next Earn
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
1.06
0.86
0.97
2.13
2.29
3.43
4.07
4.98
5.04
4.61
4.02
4.56
Basic EPS, GAAP
0.69
0.71
0.04
0.17
0.01
0.32
0.46
1.16
1.52
1.35
0.56
0.9
Free Cash Flow per Basic Share
0.82
-0.87
-0.4
0.06
-2.22
-1.13
-1.5
1.83
2.39
1.81
0.93
-0.35
Dividend per Share
- -
0.87
0.24
0.21
0.06
0.1
0.15
0.81
1.17
1.3
0.3
0.48
Book Value per Share
5.41
3.37
3.19
3.72
4.43
4.51
4.86
5.69
5.99
5.97
6.17
6.44
Tangible Book Value per Share
5.41
3.37
3.19
3.72
4.43
4.51
4.86
5.69
5.99
5.97
6.17
6.44
Basic Weighted Avg Shares
48
48
48
48
60
47
49
52
57
60
59
59
Sales/Revenue/Turnover
51
41
46
102
137
163
198
261
287
278
238
270
Operating Margin (%)
39.45
24.65
14.54
13.66
8.56
17.8
15.46
29.01
35.9
34.23
18.4
22.78
Depreciation Expense
21
13
17
17
14
19
29
31
32
30
35
40
Net Income, GAAP
33
34
2
8
1
15
23
61
87
81
33
53
Effective Tax Rate (%)
5.97
- -
1.23
- -
2.45
- -
0.03
- -
- -
- -
- -
- -
Profit Margin (%)
64.39
82.84
3.82
7.84
0.44
9.33
11.42
23.35
30.26
29.26
14.01
19.76
Working Capital
180
51
37
81
42
53
43
3
63
47
41
51
LT Debt
45
81
95
132
205
289
329
227
222
199
247
309
Total Equity
270
175
173
178
213
217
254
298
362
360
366
382
Return on Invested Capital (%)
- -
- -
2.34
- -
2.99
5.99
6.73
12.3
16.79
16.08
7.38
10.34
Return on Capital (%)
- -
- -
1.99
- -
2.71
5.6
6.41
12.6
17.31
16.52
7.56
10.2
Return on Common Equity (%)
- -
16.18
1.13
4.82
0.31
7.07
9.6
22.06
26.36
22.56
9.21
14.6

Capital Structure

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
23
36
36
LT Borrowings
247
311
309
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
59
59
59
Market Capitalization
479
565
535

Working Capital

USD

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
94
148
119
Cash, Cash Equivalents & STI
50
59
65
Accounts Receivable, Net
14
72
33
Inventories
11
13
18
Total Current Liabilities
53
62
68
Payables & Accruals
- -
- -
- -
ST Debt
23
36
36
Deferred Revenue
- -
- -
- -

Growth Rates

USD

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.5%
11.44%
1.72%
Free Cash Flow
-520.54%
-44.08%
-49.73%
Net Income, GAAP
280.62%
39.13%
-58.96%
Sales/Revenue/Turnover
21.27%
9.22%
-14.3%
Total Cash Common Dividend
- -
107.4%
-77%

Quarterly Revenue

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
74
73
73
59
278
2025
54
56
- -
64
238
2026
73
78
- -
- -
- -

Quarterly Earnings Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.43
0.41
0.36
0.14
1.35
2025
0.07
0.11
- -
0.17
0.56
2026
0.26
0.35
- -
- -
- -

Quarterly Dividends Per Share

USD

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.35
0.35
0.3
0.3
1.3
2025
0.1
0.04
- -
0.12
0.3
2026
0.08
0.25
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Engebret Dahm
Full Time Employees
19
Sector
Transportation
Industry
Marine shipping
Address
Drammensveien 260 Oslo PS Norway 0283
IPO Date
Oct 15, 2018
Website
klaveness.com
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Business
Klaveness Combination Carriers ASA owns and operates a fleet of combination carriers that switch between dry bulk and wet cargoes to minimize ballast voyages and deliver up to 40% lower carbon emissions compared to conventional vessels in the tanker and dry bulk segments; the fleet comprises eight CABU (Caustic-Bulk) vessels carrying caustic soda solution, vegetable oil, heavy liquid cargoes, floating fertilizer, and molasses alongside dry bulk commodities such as iron ore, alumina, sugar, grains, bauxite, salt, and coal; and eight CLEANBU (Clean Petroleum-Bulk) vessels transporting clean petroleum products (CPP) and the same range of dry bulk cargoes. Klaveness Combination Carriers ASA serves global trade routes including the Middle East, Australia, Oceania, North East Asia, South America, North America, Europe, Africa, Southeast Asia, and South Asia, targeting customers in the caustic soda, alumina, petrochemical, and dry bulk industries. Founded in 2018 and headquartered in Oslo, Norway, the company is a subsidiary of Rederiaksjeselskapet Torvald Klaveness and traces its combination carrier expertise to the Torvald Klaveness group's operations since the early 1950s. In late 2024, Torvald Klaveness sold Klaveness Ship Management AS to OSM Thome, with Klaveness Combination Carriers ASA entering a new ship management agreement effective January 1, 2025, to maintain dedicated technical management and crewing while gaining access to expanded resources and digitalization initiatives; the company plans delivery of three advanced CABU III newbuilds in 2026, featuring zero-emission fuel readiness and approximately 35% lower carbon emissions versus first-generation CABUs; and in April 2025, it installed its first wind-assisted propulsion system with bound4blue's eSAIL on a vessel as part of a broader energy efficiency program funded partly by Enova. Klaveness Combination Carriers ASA collaborates with group entities including Klaveness Dry Bulk for spot dry cargoes and Klaveness Digital for supply chain optimization tools.