Core Viewpoint - CMB.TECH NV has successfully held its General Meeting of Shareholders, where the annual accounts for the year ended December 31, 2024, were approved along with other resolutions proposed by the Supervisory Board [1] Group 1: Shareholder Meeting Outcomes - The General Meeting reappointed independent director Julie De Nul to the Supervisory Board [1] - The resignation of Mr. Patrick Molis as an independent member of the Supervisory Board was approved, and Compagnie Nationale de Navigation S.A.S., represented by Mr. Patrick Molis, was appointed as an independent member [1] Group 2: Company Overview - CMB.TECH is a diversified maritime group operating over 160 seagoing vessels, including crude oil tankers, dry bulk vessels, container ships, chemical tankers, offshore wind vessels, tugboats, and ferries [2] - The company also provides hydrogen and ammonia fuel to customers through its own production or third-party producers [2] - CMB.TECH is headquartered in Antwerp, Belgium, with offices across Europe, Asia, and Africa, and is listed on Euronext Brussels and the NYSE under the ticker symbol CMBT [3]

Financial Highlights - CMB.TECH reported a net gain of USD 40.4 million or USD 0.21 per share for Q1 2025, a significant decrease from USD 495.2 million or USD 2.46 per share in Q1 2024 [3][6] - EBITDA for Q1 2025 was USD 158.4 million, down from USD 550.5 million in Q1 2024 [3][9] - Revenue for Q1 2025 was USD 235.0 million, slightly down from USD 240.4 million in Q1 2024 [5][61] Corporate Highlights - CMB.TECH acquired Hemen's stake in Golden Ocean, representing approximately 40.8% of Golden Ocean's outstanding shares, for USD 14.49 per share [4][11] - A term sheet for a stock-for-stock merger with Golden Ocean has been signed, which, if approved, would create a combined fleet of over 250 vessels [4][15] - The company added nearly USD 1 billion to its contract backlog, bringing the total to USD 2.94 billion [6][4] Fleet Highlights - CMB.TECH sold three older vessels as part of its fleet rejuvenation strategy, generating a total capital gain of approximately USD 96.7 million [6][23] - Five newbuilding vessels were delivered during the quarter, including the Newcastlemax Mineral Portugal and others [6][25] - CMB.TECH signed agreements for nine ammonia-powered vessels with MOL, marking a significant step towards low-carbon shipping [20][21]

Company Overview - CMB.TECH NV is a diversified maritime group operating over 160 seagoing vessels, including crude oil tankers, dry bulk vessels, container ships, chemical tankers, offshore wind vessels, tugboats, and ferries [3] - The company also provides hydrogen and ammonia fuel to customers through its own production or third-party producers [3] - CMB.TECH is headquartered in Antwerp, Belgium, with offices across Europe, Asia, and Africa, and is listed on Euronext Brussels and the NYSE under the ticker symbol CMBT [4] Upcoming Earnings Release - CMB.TECH will release its first quarter 2025 earnings on May 21, 2025, prior to market opening [1] - A conference call to discuss the quarterly results will be held at 8 a.m. EST / 2 p.m. CET, which will be available as a webcast with a slideshow presentation [1][2] - Details for attending the conference call, including registration and dial-in options, are provided on the company's "Investor Relations" page [2][3]

Core Viewpoint - CMB.TECH and Golden Ocean Group have signed a term sheet for a stock-for-stock merger, with CMB.TECH as the surviving entity, based on an exchange ratio of 0.95 shares of CMB.TECH for each share of Golden Ocean [1][3] Company Overview - CMB.TECH operates more than 150 vessels, including crude oil tankers, dry bulk vessels, container ships, and offshore wind vessels, and is focused on decarbonization and sustainable shipping solutions [12][13] - Golden Ocean specializes in the transportation of dry bulk cargoes and has a fleet of 91 vessels with a total capacity of approximately 13.7 million deadweight tonnes [14] Merger Details - The merger will create one of the largest diversified listed maritime groups globally, with a combined fleet of over 250 vessels [2] - Upon completion, CMB.TECH shareholders will own approximately 70% of the combined company, while Golden Ocean shareholders will own about 30% [1] - The transaction is subject to customary conditions, including due diligence, board approvals, regulatory approvals, and shareholder approval from Golden Ocean [3][4] Financial Aspects - The fairness opinion provided by DNB Markets concluded that the exchange ratio is fair for Golden Ocean's shareholders, with CMB.TECH valued at $15.23 per share and Golden Ocean at $14.49 per share [6][7] Future Plans - The companies aim to finalize definitive transaction agreements in Q2 2025 and complete the merger in Q3 2025 [5] - Following the merger, Golden Ocean will delist from NASDAQ and Euronext Oslo Børs, while CMB.TECH will remain listed on the NYSE and Euronext Brussels [4] Leadership Comments - CMB.TECH's CEO emphasized the merger as a significant step towards building a leading diversified maritime group, enhancing fleet value to over $11 billion [6] - Golden Ocean's CEO highlighted the complementary nature of both fleets, which would create one of the largest and most modern dry bulk fleets globally [6]

Core Points - CMB.TECH NV is holding its Annual General Meeting, Special General Meeting, and Extraordinary General Meeting on May 22, 2025, in Antwerp, Belgium [1] - Shareholders are advised of a "Freeze Period" from May 7, 2025, to May 9, 2025, during which they cannot reposition shares between the Belgian and U.S. Registers [2] - The agenda for the meetings includes the approval of the financial year 2024 annual accounts, remuneration reports, and various board appointments and discharges [3] Company Overview - CMB.TECH is a diversified maritime group operating over 160 vessels, including crude oil tankers, dry bulk vessels, and offshore wind vessels, and is involved in hydrogen and ammonia fuel production [4] - The company is listed on Euronext Brussels and the NYSE under the ticker symbol CMBT [5]