Stolt-Nielsen Limited Reports Unaudited Results For the Third Quarter and Nine Months of 2025

Core Insights - Stolt-Nielsen Limited reported a third-quarter net profit of $64.0 million and revenue of $699.9 million, a decrease from $99.2 million net profit and $732.8 million revenue in the same quarter of 2024 [1] - For the first nine months of 2025, the company achieved a net profit of $290.6 million and revenue of $2,088.4 million, compared to $303.3 million net profit and $2,181.3 million revenue in the first nine months of 2024 [1] Financial Performance - The consolidated EBITDA for Stolt-Nielsen Limited was $191.7 million, down from $215.2 million in the previous year [5] - Earnings per share in the third quarter decreased to $1.20 from $1.85 [5] - Stolt Tankers reported an operating profit of $57.2 million, down from $107.1 million [5] - The average time-charter equivalent (TCE) revenue for Stolt Tankers was $24,838 per operating day, a decline from $33,355 [5] - Stolthaven Terminals reported an operating profit of $26.3 million, down from $27.4 million [5] - Stolt Tank Containers reported an operating profit of $11.7 million, down from $16.6 million [5] - Stolt Sea Farm, Stolt-Nielsen Gas, and Corporate & Other reported a combined operating profit of $14.2 million, with $7.5 million before the fair value adjustment of biomass [5] Market Conditions - The company’s diversified portfolio has shown resilience to market fluctuations, with a quarterly EBITDA of just over $190 million despite a challenging environment [3] - Stolt Tankers experienced a 27% decline in EBITDA year-over-year, while other operational areas collectively increased EBITDA by 13%, mitigating the impact of weaker shipping markets [3] - Geopolitical volatility has led to further weakening in earnings for Stolt Tankers, with TCE earnings dropping by 26% [4] - Events in the Red Sea and ongoing trade wars and tariffs have contributed to uncertainty in the shipping markets [4]