Core Insights - Stolt-Nielsen Limited reported solid financial results for Q4 2025, demonstrating resilience in a challenging market environment, with a net profit of $59.6 million and revenue of $680.6 million, compared to a net profit of $91.4 million and revenue of $709.4 million in Q4 2024 [1][2] - The company's full-year net profit for 2025 was $350.2 million on revenue of $2,769.0 million, down from a net profit of $394.8 million and revenue of $2,890.6 million in 2024 [1] Financial Performance - EBITDA for Q4 2025 was $186.0 million, down from $212.7 million in Q4 2024, while the full-year EBITDA was $775.5 million, at the upper end of the company's guidance [2][5] - Earnings per share in Q4 2025 decreased to $1.12 from $1.71 in Q4 2024 [5] - Stolt Tankers reported an operating profit of $54.8 million, down from $83.4 million, with average TCE revenue dropping 19% to $24,518 per day from $30,185 [4][5] Strategic Initiatives - The company is focused on enhancing its position in liquid logistics, optimizing supply chains, and creating long-term value through strategic investments [3] - In November 2025, Stolt-Nielsen acquired 100% of Suttons, adding 11,000 tanks to its fleet and expanding service offerings [3] - Discussions are ongoing regarding the potential sale of a portion of equity in Avenir LNG to support its growth in small-scale LNG bunkering [3] Market Conditions - The logistics marketplace remains complex due to unpredictable macro-economic and geopolitical developments, along with trade tariff instability [4] - Stolt Tankers experienced increased volumes from spot demand, but weaker freight rates led to a decline in TCE earnings [4] - Stolthaven Terminals maintained steady utilization despite a sluggish chemical market, although higher costs resulted in a profit decline [4]