Cmb.Tech Stock Price, News & Analysis

CMB.TECH (NYSE & Euronext: CMBT) has scheduled its Q1 2025 earnings release for Thursday, May 21, 2025, before market opening. The company will host a conference call and webcast at 8:00 AM EST / 2:00 PM CET to discuss the quarterly results.

The earnings presentation will include an audio webcast with user-controlled slide presentation. Participants can access the event through Microsoft Teams, and those unable to pre-register can join via telephone using conference ID: 840 280 658#. The presentation materials, recording, and transcript will be available on the company's Investor Relations webpage.

CMB.TECH has announced several significant business updates. The company recently signed a term sheet for a stock-for-stock merger with Golden Ocean, where CMB.TECH will be the surviving entity. Following this announcement, both companies hosted Capital Markets Days in Antwerp (April 24) and Oslo (April 29).

In a strategic fleet rejuvenation move, CMB.TECH has sold three VLCCs: Iris (2012, 314,000 dwt), Hakata (2010, 302,550 dwt), and Hakone (2010, 302,624 dwt). These sales resulted in a substantial capital gain of 96.7 million USD. The vessels will be transferred to their new owners during 2025.

Due to the upcoming consolidation of Golden Ocean's financial results, CMB.TECH has revised its earnings announcement schedule. The Q1 2025 results will be released on May 21, 2025, while Q2 2025 earnings will be announced on August 28, 2025.

CMB.TECH (NYSE: CMBT) and Golden Ocean (NASDAQ: GOGL) have announced a significant stock-for-stock merger agreement, with CMB.TECH as the surviving entity. The merger terms specify an exchange ratio of 0.95 CMB.TECH shares for each Golden Ocean share, creating one of the largest diversified listed maritime groups globally.

Upon completion, CMB.TECH shareholders will own approximately 70% of the combined company, while Golden Ocean shareholders will hold 30%. The merged entity will operate a fleet of more than 250 vessels with a combined fleet value exceeding $11 billion. The merger is expected to be completed in Q3 2025, subject to regulatory approvals and shareholder consent.

Post-merger, Golden Ocean will delist from NASDAQ and Euronext Oslo Børs, while CMB.TECH will maintain its NYSE and Euronext Brussels listings, pursuing a secondary listing on Euronext Oslo Børs. The company will focus on fleet decarbonization and expanding its maritime operations.

CMB.TECH (NYSE & Euronext: CMBT) has announced its upcoming Annual General Meeting, Special General Meeting, and Extraordinary General Meeting scheduled for May 22, 2025 at 10:00 AM CET in Antwerp. The meetings will address several key agenda items including:

• Financial reports and accounts approval for 2024
• Board member changes including reappointment of Julie De Nul and resignation of Patrick Molis
• Authorization for share capital increases
• Approval of control clause changes in credit agreements
• Renewal of share buyback authorization

A freeze period for share repositioning between Belgian and U.S. registers is set from May 7, 2025 (8:00 AM Belgian time) to May 9, 2025 (8:00 AM Belgian time). The company will announce Q1 2025 results on May 14, 2025.

CMB.TECH (NYSE & Euronext: CMBT) has signed a landmark agreement with Fortescue to charter a new ammonia-powered vessel, marking a significant step in maritime decarbonization. The 210,000-dwt Newcastlemax vessel, featuring a dual fuel engine, will be delivered by end of 2026 and will transport iron ore from Pilbara to customers globally.

The vessel is part of CMB.TECH's series of large dry bulk carriers being built at Qingdao Beihai Shipyard. This partnership aligns with Fortescue's commitment to eliminate Scope 1 and 2 emissions from Australian iron ore operations by 2030 and achieve Net Zero Scope 3 emissions by 2040.

The agreement follows the launch of Fortescue Green Pioneer, the world's first dual-fuel ammonia-powered vessel, which is currently promoting zero emissions fuels across global ports.

CMB.TECH (NYSE & Euronext: CMBT) has announced the publication of its annual report for the fiscal year ended December 31, 2024, in compliance with Belgian law. The report is now accessible on the company's website under the 'Investors' section.

Additionally, the company has submitted its Form 20-F annual report to the U.S. Securities and Exchange Commission on April 9, 2025. Both reports are available for download from the company's website, with printed copies of audited financial statements available upon request via email or phone.

The company has scheduled the announcement of its first quarter 2025 results for May 14, 2025.

CMB.TECH (NYSE & Euronext: CMBT) reported strong financial results for 2024, with a Q4 profit of USD 93.1 million and full-year profit of USD 870.8 million. The company's total contract backlog increased to USD 2.94 billion.

Key developments include the company's transformation from Euronav to CMB.TECH, focusing on fleet rejuvenation with 21 newbuild deliveries in 2024. The company expanded its fleet with additional vessels and sold 11 older vessels. Notable achievements include:

• Total capital gain of USD 635.0 million in 2024
• Acquisition agreement for 40.8% stake in Golden Ocean Group
• Partnership with MOL for 9 ammonia-fuelled vessels
• Opening of new hydrogen engine R&D Center in Japan
• Sale of Euronav Ship Management Hellas to Anglo-Eastern Univan Group

CMB.TECH (NYSE: CMBT) has signed a landmark agreement with Mitsui O.S.K. Lines (MOL) and MOL CHEMICAL TANKERS for nine ammonia-powered vessels, marking a significant step towards maritime decarbonization. The agreement includes:

• Three ammonia-fitted 210,000 dwt Newcastlemax bulk carriers, jointly owned with MOL and chartered for 12 years
• Six chemical tankers (two ammonia-fitted, four ammonia-ready) chartered to MOLCT for 7-10 years

Deliveries are scheduled between 2026 and 2029. This partnership increases CMB.TECH's contract backlog by $921 million to $2.94 billion, supporting their fleet rejuvenation, decarbonization, and diversification strategy.