Corporate Highlights - CMB.TECH completed its merger with Golden Ocean on August 20, 2025, significantly expanding its fleet to approximately 250 vessels, including 89 dry bulk vessels [4][6][18] - The company has declared an interim dividend of USD 0.05, payable on or about October 9, 2025 [9][10] - The Supervisory Board has undergone changes, with Mr. Marc Saverys resigning and Mr. Patrick de Brabandere appointed as chairman [6][21][22] Financial Highlights - For Q2 2025, CMB.TECH reported a net loss of USD 7.6 million, compared to a net gain of USD 184.4 million in Q2 2024 [3][6] - Revenue for Q2 2025 was USD 387.8 million, up from USD 252 million in Q2 2024, while year-to-date revenue reached USD 622.9 million compared to USD 492.4 million in the previous year [5][6] - EBITDA for Q2 2025 was USD 224.1 million, down from USD 261.2 million in Q2 2024 [3][8] Fleet Highlights - The company has a contract backlog of approximately USD 2.93 billion, providing solid revenue visibility [6][27] - CMB.TECH's fleet includes a diverse range of vessels, with over 80 hydrogen- and ammonia-ready vessels, and an estimated fair market value of approximately USD 11.1 billion [27] - The average age of the fleet is 6.1 years, indicating a young and fuel-efficient fleet [27] Market & Outlook - The tanker markets experienced volatility in Q2 2025, with average earnings reaching a five-month low in mid-June but rebounding sharply to USD 47,519/day by June 20 [30] - China's crude oil imports showed a decline in Q2 2025, reflecting a shift in the country's energy demand profile, which may have lasting implications for global oil trade [31][32] - The Capesize market remains supported by strong iron ore demand, particularly from China, which accounted for 76.4% of total seaborne iron ore volumes in H1 2025 [37]

Core Viewpoint - CMB.TECH NV has received a transparency notification indicating that Saverco NV has crossed below the transparency threshold of 65% in voting rights following a capital increase related to a merger with Golden Ocean Group Limited [1][4]. Group 1: Notification Details - The notification dated August 25, 2025, specifies that Saverco NV's voting rights decreased to 0.01% after the transaction, while CMB NV's voting rights increased to 56.56% and CMB.TECH NV's voting rights rose to 8.17% [2]. - The total number of voting rights after the transaction is 204,558,736, representing 64.74% of the total denominator of 315,977,647 [3][4]. Group 2: Company Overview - CMB.TECH is a major diversified maritime group with a fleet of approximately 250 vessels, including dry bulk vessels, crude oil tankers, chemical tankers, container vessels, offshore wind vessels, and port vessels [5]. - The company also provides hydrogen and ammonia fuel to customers, either through its own production or from third-party producers [5]. - CMB.TECH is headquartered in Antwerp, Belgium, and is listed on Euronext Brussels and NYSE under the ticker symbols "CMBT" and on Euronext Oslo Børs as "CMBTO" [6].

Core Viewpoint - CMB.TECH has successfully completed a stock-for-stock merger with Golden Ocean Group, creating one of the world's largest diversified maritime groups [1][6]. Group 1: Merger Details - The merger was approved by 92.72% of Golden Ocean shareholders present at the special general meeting [2]. - CMB.TECH issued 95,952,934 new ordinary shares as part of the merger, with an exchange ratio of 0.95 CMB.TECH shares for each Golden Ocean share [3][8]. - The newly issued shares began trading on Euronext Brussels and NYSE, with a secondary listing approved on Euronext Oslo [4]. Group 2: Fleet and Financial Highlights - The combined fleet consists of approximately 250 vessels, including various types such as dry bulk vessels and crude oil tankers [7]. - The fleet has a fair market value of around USD 11.1 billion, with a contract backlog of approximately USD 3.0 billion, ensuring revenue visibility [7][8]. - CMB.TECH maintains a robust liquidity position exceeding USD 400 million, providing financial flexibility for growth [7]. Group 3: Corporate Structure and Listings - CMB.TECH is now listed on Euronext Brussels, NYSE, and Euronext Oslo under the ticker symbols "CMBT" and "CMBTO" [13]. - The total share capital post-merger is USD 343,439,903.39, with a total of 315,977,647 voting rights [11].

Antwerp, Aug. 19, 2025 (GLOBE NEWSWIRE) -- CMB.TECH NV (NYSE: CMBT & Euronext Brussels: CMBT) (“CMB.TECH”) notes that Golden Ocean Group Limited (NASDAQ: GOGL & Euronext Oslo Børs: GOGL) ("Golden Ocean") has announced that it held a Special General Meeting ("Golden Ocean SGM") of the shareholders of Golden Ocean today, 19 August 2025, at 09:00 (local time) at Hamilton Princess and Beach Club, 76 Pitts Bay Road, Hamilton HM 08. Golden Ocean has announced that all resolutions set out in the notice of the Gold ...

Core Viewpoint - CMB.TECH NV is moving forward with a stock-for-stock merger with Golden Ocean Group Limited, having published an exemption document and a special report from the supervisory board regarding the merger [1][5]. Group 1: Exemption Document - The exemption document outlines the main features of the merger and is available on CMB.TECH's website [2]. - It is prepared for the admission of new ordinary CMB.TECH shares on Euronext Brussels and for a secondary listing on Euronext Oslo Børs [3]. - The document serves informational purposes and does not constitute an offer or solicitation for securities [4]. Group 2: Company Profiles - CMB.TECH is a diversified maritime group operating over 160 vessels, including crude oil tankers and container ships, and is involved in hydrogen and ammonia fuel production [6]. - CMB.TECH is listed on Euronext Brussels and the NYSE under the ticker symbol "CMBT" [7]. - Golden Ocean is a Bermuda-based shipping company specializing in dry bulk cargo transportation, with a fleet of over 90 vessels and a capacity of approximately 13.7 million deadweight tonnes [8].

Core Viewpoint - CMB.TECH NV is set to announce its Q2 2025 earnings on August 28, 2025, and is providing preliminary figures due to an impending stock-for-stock merger with Golden Ocean Group Limited [1][2][3]. Group 1: Earnings Announcement - The Q2 2025 results will be released before market opening on August 28, 2025, followed by a conference call at 8 a.m. EST / 2 p.m. CET [1][4]. - Preliminary key figures for Q2 2025 will be shared in the business update, although these figures are unaudited and subject to change [2][3]. Group 2: Conference Call Details - The earnings conference call will be an audio webcast with a user-controlled slide presentation [5]. - Participants can register for the conference call through a provided link, and those unable to pre-register can dial in using a specific phone conference ID [6]. Group 3: Company Overview - CMB.TECH is a diversified maritime group operating over 150 vessels, including crude oil tankers, dry bulk vessels, and offshore wind vessels [7]. - The company is headquartered in Antwerp, Belgium, and has a global presence with offices in Europe, Asia, the United States, and Africa [7][8].

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]