Solid performance from the operating businesses delivered an EBITDA of USD 50
million in the first quarter. Combined with continued sound contributions from
associates, this resulted in a net profit of USD 113 million for the period.
Total income for the group was USD 308 million, up 4% from the first quarter of
2025 and stable from the previous quarter. EBITDA ended at USD 50 million, up
10% from the corresponding period last year and up 13% from the previous
quarter.
"Our operating businesses delivered solid results in the quarter, supported by
contributions from our key strategic investments in a challenging geopolitical
environment. We remain focused on strengthening the group's resilience and
maintaining financial flexibility, ensuring our ability to perform through
cycles and volatility while continuing to execute our long term strategy and
disciplined approach to value creation," says Thomas Wilhelmsen, Group CEO.
The Maritime Services segment had a total income of USD 223 million in the first
quarter. This was up 5% from the corresponding period last year and up 1% from
the previous quarter.
Total income for the New Energy segment was USD 84 million, up 2% year over
year, but down 6% from the previous period, reflecting a seasonally softer
quarter.
The Strategic Holdings and Investments segment reported USD 89 million profit to
equity holders of the company in the fourth quarter. This was down year over
year and quarter on quarter due to lower share of profits from Wallenius
Wilhelmsen and Hyundai Glovis.
Net profit after financial items and tax was USD 113 million, equal to USD 2.68
earnings per share (EPS).
The Annual General Meeting approved a dividend of NOK 20.00 per share and
authorised the board to distribute additional dividend of up to NOK 8.50 per
share. This is in line with the targeted 3 - 5% dividend yield over time.
Commenting on the outlook for the group, Wilhelmsen says:
"Considerable uncertainty persists, specifically regarding geopolitical tension,
the ongoing conflict in the Middle East, and an uncertain global trade
environment, potentially impacting future performance and cash inflow. However,
the group retains its capacity to support, grow, and expand the business
portfolio, and to deliver yearly dividends in line with the dividend policy."
For further information, please contact:
Investors:
Anna Kverneland
VP Investor Relations
Wilh. Wilhelmsen Holding ASA
Tel: (+47) 452 24 897
anna.kverneland@wilhelmsen.com
Media:
Ole Jakob Ytterdal
VP Corporate Communication
Wilh. Wilhelmsen Holding ASA
Tel: +47 970 88 362
ole.j.ytterdal@wilhelmsen.com
About Wilhelmsen
Wilhelmsen is an industrial holding company within the maritime industry. The
group's main activities are within maritime services, offshore energy services,
and RoRo shipping and vehicle logistics. These activities are carried out
through fully and partly owned entities, most of which are among the market
leaders within their segments. Founded in Norway in 1861, Wilhelmsen maintains a
vision of shaping the maritime industry.
Read more at: wilhelmsen.com.
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act