Highlights – 2Q25
- The strong safety performance continued in 2Q25 with high operational efficiency and no significant incidents during the quarter.
- Time charter earnings ended at USD 174 million, compared to USD 168 million in 1Q25. TCE/day for the quarter was USD 30,306, slightly up from the previous quarter (USD 29,556).
- EBIT of USD 59 million compared to USD 54 million in 1Q25.
- Quarterly net result of USD 40 million. Net result adjusted for one-off items at USD 42 million compared to USD 33 million in 1Q25.
- Net result contribution from Odfjell Terminals of USD 1.9 million, vs. USD 2.9 million in 1Q25.
- With a 2Q25 carbon intensity (AER) of 6.8, Odfjell achieved a new record low, continuing the positive trend from the previous quarters.
- The Board approved a dividend of USD 0.48 per share, based on adjusted 1H25 results. This is in accordance with Odfjell’s dividend policy to distribute 50% of net result adjusted for one-off items on a semi-annual basis.
