Cmb.Tech reported solid performance in Q3 2025, achieving a net profit of $17 million and an EBITDA of $238 million, bolstered by a successful merger with Golden Zhoushan and strong market dynamics in key segments.

• Maintained a contract backlog of approximately $3 billion, with a recent fleet rejuvenation adding 7 newbuild vessels.
• Announced an interim dividend of $0.05 per share as a reflection of strong liquidity, which stands at over $555 million.
• Positioned to generate approximately $600 million in free cash flow annually at current market rates, demonstrating significant operational leverage.
• Positive demand outlook in the dry bulk and tanker segments, despite cautious views on containers and chemicals due to market oversupply concerns.
• Capesize rates improved from Q3’s $20,500 to $26,200 in Q4, indicating robust pricing power in the dry bulk segment.