Highlights – 3Q25
- Odfjell's strong safety performance continued, with high operational efficiency and no significant incidents during the quarter.
- Total volumes were slightly up. COA volumes increased, accounting for 56%, while spot rates saw a minor decline during the quarter.
- Time charter earnings ended at USD 173 million, compared to USD 174 million in 2Q25. TCE/day for the quarter was USD 28,174, down from USD 30,306 in the previous quarter.
- EBIT of USD 59 million, in line with 2Q25.
- Quarterly net result of USD 43 million. Net result adjusted for one-off items at USD 42 million compared to USD 42 million in 2Q25.
- Net result contribution from Odfjell Terminals of USD 2.6 million, vs. USD 1.9 million in 2Q25.
- The 3Q25 carbon intensity (AER) for Odfjell's controlled fleet remained at 6.8, equal to the record low achievement of the previous quarter.
"In the third quarter, Odfjell delivered another resilient financial result, surpassing the two previous quarters. This demonstrates the robustness of our business model as we navigate through an uncertain market that continues to be affected by geopolitical volatility. We expect the 4Q25 financial results to be in line with 3Q25."
CEO Harald Fotland
Please see attached for the 3Q25 report and presentation. Tomorrow, Thursday, November 6, at 09:00 CET, Odfjell SE will present the results in a live webcast, followed by a Q&A session.
Watch the presentation at https://www.odfjell.com/investor/webcast. The presentation will be held in English.
3Q25 Report 3Q25 Presentation Webcast
IR Contact:
Nils Jørgen Selvik, VP Finance & IR
Tel: +47 920 39 718
E-mail: nils.jorgen.selvik@odfjell.com
