Belgium's CMB.TECH Q4 revenue beats estimates, more than doubles on expanded asset base from merger

CMB.TECH NV

31/03/2026 21:51

Overview

Belgium maritime group's Q4 revenue rose more than 160%, beating analyst expectations

Q4 net profit declined year-over-year

Company completed merger with Golden Ocean and expanded fleet with new deliveries

Outlook

Company did not provide specific financial or market outlook guidance

Result Drivers

CAPITAL GAINS - Profit in Q4 was supported by capital gains from vessel sales

FLEET REJUVENATION - Co focused on newbuild deliveries and sale of older vessels during 2025

HIGHER OPERATING EXPENSES - Increased voyage and vessel operating expenses weighed on Q4 profit

Company press release: ID:nGNEcfcTC3

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$588.98 mln
$451.50 mln (4 Analysts)
Q4 Net Income
$89.06 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas transportation services peer group is "buy"

Wall Street's median 12-month price target for CMB.TECH NV is €13.25, about 21.1% above its March 31 closing price of €10.94

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 9 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)