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CMBTO: CMB.TECH announces Q1 2026 results

CMBTORegulatory press release19.05.2026 klo 08.00

ANTWERP, Belgium, 19 May 2026 - CMB.TECH NV ("CMBT", "CMB.TECH" or "the
company") (NYSE: CMBT, Euronext Brussels: CMBT and Euronext Oslo Børs: CMBTO)
reported its unaudited financial results today for the first quarter ended 31
March 2026.

HIGHLIGHTS

Financial highlights:

Profit for the period of USD 368.8 million in Q1 2026.
EBITDA for the same period was USD 558.3 million.
CMB.TECH's contract backlog increased to USD 3.26 billion with the addition of 1
x 5-year Suezmax time charter and extension of 2 x Suezmax time charters by one
year to a 10-year time charter each (with a profit split).
Intention to distribute an amount of USD 0.64 per share.

Fleet highlights:

Delivery of 7 newbuilding vessels (Q1 + Q2 to date):
Newcastlemaxes: Mineral Latvija
VLCCs: Eburones, Menapii
Suezmaxes: Cap Grace, Cap Joseph
Chemical tanker: Bochem Callao
CSOV: Windcat Haarlem
 

Previously announced sale of 8 VLCCs: Daishan (2007, 306,005 dwt), Hirado (2011,
302,550 dwt), Ilma (2012, 314,000 dwt), Ingrid (2012, 314,000 dwt), Hojo (2013,
302,965 dwt), Dia (2015, 299,999 dwt), Antigone (2015, 299,421 dwt), and Aegean
(2016, 299,999 dwt).
Previously announced sale of Capesize vessels Golden Magnum (2009, 179,790 dwt),
and Belgravia (2009, 169,390 dwt).
Sale of Suezmax Sienna (2007 - 150,205 dwt). The sale will generate a gain of
USD 29.2 million and is expected to be recognised upon delivery in the second
quarter of 2026.

For the first quarter of 2026, the company realised a net gain of USD 368.8
million or USD 1.27 per share (first quarter 2025: a net gain of 40.4 USD
million or USD 0.23 per share). EBITDA (a non-IFRS measure) for the same period
was USD 558.3 million (first quarter 2025: USD 158.4 million).

"CMB.TECH is firing on all cylinders. We are reaping the benefits of a red-hot
tanker market through a mix of sales of older vessels at stellar prices, a
historically high spot market and the addition of lucrative long-term charters.
At the same time, the dry bulk market is powering on in all segments, but
specifically Capesizes and Newcastlemaxes. Our spot results have been strong
during Q1 and will be even stronger in Q2. With HFO prices up by 50 %, we manage
to extract more profit from the going market rates thanks to our very modern and
super eco fleet. Last but not least, our offshore energy division Windcat has
been able to fix two of its CSOVs at excellent rates, testimony to the high
quality of our vessels.

We are harvesting the fruits of our hard work over the past two years:
well-timed newbuilding orders, well-timed acquisitions and a market which is
going our way.

We don't know how long this Goldilocks moment will continue amidst many
uncertainties surrounding global trade and a growing orderbook. But we will use
the current momentum to continue to strengthen our balance sheet, pay dividends
and convert some of the current market strength into longer term charters." -
Alexander Saverys, CEO CMB.TECH.

Enclosed you will find the full press release, including the results.

About CMB.TECH

CMB.TECH is one of the largest listed, diversified and future-proof maritime
groups in the world with a fleet of about 250 vessels: dry bulk vessels,  crude
oil tankers, chemical tankers, container vessels, offshore wind vessels and port
vessels. CMB.TECH also offers hydrogen and ammonia fuel to customers, through
own production or third-party producers.

CMB.TECH is headquartered in Antwerp, Belgium, and has offices across Europe,
Asia, United States and Africa.

CMB.TECH is listed on Euronext Brussels and the NYSE under the ticker symbol
"CMBT" and on Euronext Oslo Børs under the ticker symbol "CMBTO".

More information can be found at https://cmb.tech

Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking
statements. The Private Securities Litigation Reform Act of 1995 provides safe
harbour protections for forward-looking statements in order to encourage
companies to provide prospective information about their business.
Forward-looking statements include statements concerning plans, objectives,
goals, strategies, future events or performance, and underlying assumptions and
other statements, which are other than statements of historical facts. The
Company desires to take advantage of the safe harbour provisions of the Private
Securities Litigation Reform Act of 1995 and is including this cautionary
statement in connection with this safe harbour legislation. The words "believe",
"anticipate", "intends", "estimate", "forecast", "project", "plan", "potential",
"may", "should", "expect", "pending" and similar expressions identify
forward-looking statements.

The forward-looking statements in this press release are based upon various
assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, our management's examination of historical
operating trends, data contained in our records and other data available from
third parties. Although we believe that these assumptions were reasonable when
made, because these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible to predict and
are beyond our control, we cannot assure you that we will achieve or accomplish
these expectations, beliefs or projections.

In addition to these important factors, other important factors that, in our
view, could cause actual results to differ materially from those discussed in
the forward-looking statements include the failure of counterparties to fully
perform their contracts with us, the strength of world economies and currencies,
general market conditions, including fluctuations in charter rates and vessel
values, changes in demand for tanker vessel capacity, changes in our operating
expenses, including bunker prices, dry-docking and insurance costs, the market
for our vessels, availability of financing and refinancing, charter counterparty
performance, ability to obtain financing and comply with covenants in such
financing arrangements, changes in governmental rules and regulations or actions
taken by regulatory authorities, potential liability from pending or future
litigation, general domestic and international political conditions, potential
disruption of shipping routes due to accidents or political events, vessels
breakdowns and instances of off-hires and other  factors. Please see our filings
with the United States Securities and Exchange Commission for a more complete
discussion of these and other risks and uncertainties. This information is
published in accordance with the requirements of the Continuing Obligations on
Euronext Oslo Børs. 

Contact

CMB.TECH
Katrien Hennin
Head of Marketing and Communications
+32 499 39 34 70
katrien.hennin@cmb.tech

Joris Daman
Head of Investor Relations
Tel: +32 498 61 71 11
joris.daman@cmb.tech
tions on\
Euronext Oslo Børs. \
\
Contact\
\
CMB.TECH\
Katrien Hennin\
Head of Marketing and Communications\
+32 499 39 34 70\
katrien.hennin@cmb.tech\
\
Joris Daman\
Head of Investor Relations\
Tel: +32 498 61 71 11\
joris.daman@cmb.tech\

CMBTO: CMB.TECH announces Q1 2026 results

CMBTORegulatory press release19.05.2026 klo 08.00

ANTWERP, Belgium, 19 May 2026 - CMB.TECH NV ("CMBT", "CMB.TECH" or "the
company") (NYSE: CMBT, Euronext Brussels: CMBT and Euronext Oslo Børs: CMBTO)
reported its unaudited financial results today for the first quarter ended 31
March 2026.

HIGHLIGHTS

Financial highlights:

Profit for the period of USD 368.8 million in Q1 2026.
EBITDA for the same period was USD 558.3 million.
CMB.TECH's contract backlog increased to USD 3.26 billion with the addition of 1
x 5-year Suezmax time charter and extension of 2 x Suezmax time charters by one
year to a 10-year time charter each (with a profit split).
Intention to distribute an amount of USD 0.64 per share.

Fleet highlights:

Delivery of 7 newbuilding vessels (Q1 + Q2 to date):
Newcastlemaxes: Mineral Latvija
VLCCs: Eburones, Menapii
Suezmaxes: Cap Grace, Cap Joseph
Chemical tanker: Bochem Callao
CSOV: Windcat Haarlem
 

Previously announced sale of 8 VLCCs: Daishan (2007, 306,005 dwt), Hirado (2011,
302,550 dwt), Ilma (2012, 314,000 dwt), Ingrid (2012, 314,000 dwt), Hojo (2013,
302,965 dwt), Dia (2015, 299,999 dwt), Antigone (2015, 299,421 dwt), and Aegean
(2016, 299,999 dwt).
Previously announced sale of Capesize vessels Golden Magnum (2009, 179,790 dwt),
and Belgravia (2009, 169,390 dwt).
Sale of Suezmax Sienna (2007 - 150,205 dwt). The sale will generate a gain of
USD 29.2 million and is expected to be recognised upon delivery in the second
quarter of 2026.

For the first quarter of 2026, the company realised a net gain of USD 368.8
million or USD 1.27 per share (first quarter 2025: a net gain of 40.4 USD
million or USD 0.23 per share). EBITDA (a non-IFRS measure) for the same period
was USD 558.3 million (first quarter 2025: USD 158.4 million).

"CMB.TECH is firing on all cylinders. We are reaping the benefits of a red-hot
tanker market through a mix of sales of older vessels at stellar prices, a
historically high spot market and the addition of lucrative long-term charters.
At the same time, the dry bulk market is powering on in all segments, but
specifically Capesizes and Newcastlemaxes. Our spot results have been strong
during Q1 and will be even stronger in Q2. With HFO prices up by 50 %, we manage
to extract more profit from the going market rates thanks to our very modern and
super eco fleet. Last but not least, our offshore energy division Windcat has
been able to fix two of its CSOVs at excellent rates, testimony to the high
quality of our vessels.

We are harvesting the fruits of our hard work over the past two years:
well-timed newbuilding orders, well-timed acquisitions and a market which is
going our way.

We don't know how long this Goldilocks moment will continue amidst many
uncertainties surrounding global trade and a growing orderbook. But we will use
the current momentum to continue to strengthen our balance sheet, pay dividends
and convert some of the current market strength into longer term charters." -
Alexander Saverys, CEO CMB.TECH.

Enclosed you will find the full press release, including the results.

About CMB.TECH

CMB.TECH is one of the largest listed, diversified and future-proof maritime
groups in the world with a fleet of about 250 vessels: dry bulk vessels,  crude
oil tankers, chemical tankers, container vessels, offshore wind vessels and port
vessels. CMB.TECH also offers hydrogen and ammonia fuel to customers, through
own production or third-party producers.

CMB.TECH is headquartered in Antwerp, Belgium, and has offices across Europe,
Asia, United States and Africa.

CMB.TECH is listed on Euronext Brussels and the NYSE under the ticker symbol
"CMBT" and on Euronext Oslo Børs under the ticker symbol "CMBTO".

More information can be found at https://cmb.tech

Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking
statements. The Private Securities Litigation Reform Act of 1995 provides safe
harbour protections for forward-looking statements in order to encourage
companies to provide prospective information about their business.
Forward-looking statements include statements concerning plans, objectives,
goals, strategies, future events or performance, and underlying assumptions and
other statements, which are other than statements of historical facts. The
Company desires to take advantage of the safe harbour provisions of the Private
Securities Litigation Reform Act of 1995 and is including this cautionary
statement in connection with this safe harbour legislation. The words "believe",
"anticipate", "intends", "estimate", "forecast", "project", "plan", "potential",
"may", "should", "expect", "pending" and similar expressions identify
forward-looking statements.

The forward-looking statements in this press release are based upon various
assumptions, many of which are based, in turn, upon further assumptions,
including without limitation, our management's examination of historical
operating trends, data contained in our records and other data available from
third parties. Although we believe that these assumptions were reasonable when
made, because these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible to predict and
are beyond our control, we cannot assure you that we will achieve or accomplish
these expectations, beliefs or projections.

In addition to these important factors, other important factors that, in our
view, could cause actual results to differ materially from those discussed in
the forward-looking statements include the failure of counterparties to fully
perform their contracts with us, the strength of world economies and currencies,
general market conditions, including fluctuations in charter rates and vessel
values, changes in demand for tanker vessel capacity, changes in our operating
expenses, including bunker prices, dry-docking and insurance costs, the market
for our vessels, availability of financing and refinancing, charter counterparty
performance, ability to obtain financing and comply with covenants in such
financing arrangements, changes in governmental rules and regulations or actions
taken by regulatory authorities, potential liability from pending or future
litigation, general domestic and international political conditions, potential
disruption of shipping routes due to accidents or political events, vessels
breakdowns and instances of off-hires and other  factors. Please see our filings
with the United States Securities and Exchange Commission for a more complete
discussion of these and other risks and uncertainties. This information is
published in accordance with the requirements of the Continuing Obligations on
Euronext Oslo Børs. 

Contact

CMB.TECH
Katrien Hennin
Head of Marketing and Communications
+32 499 39 34 70
katrien.hennin@cmb.tech

Joris Daman
Head of Investor Relations
Tel: +32 498 61 71 11
joris.daman@cmb.tech
tions on\
Euronext Oslo Børs. \
\
Contact\
\
CMB.TECH\
Katrien Hennin\
Head of Marketing and Communications\
+32 499 39 34 70\
katrien.hennin@cmb.tech\
\
Joris Daman\
Head of Investor Relations\
Tel: +32 498 61 71 11\
joris.daman@cmb.tech\