Highlights – 4Q25
- Odfjell's strong safety performance continued in 4Q25.
- Time charter earnings ended at USD 168 million, compared to USD 173 million in 3Q25. TCE per day for the quarter was USD 27,978 versus USD 28,174 in 3Q25.
- EBIT of USD 53 million, compared to USD 59 million in 3Q25.
- Net result contribution from Odfjell Terminals of USD 1.8 million, versus USD 2.6 million in 3Q25.
- A net result of USD 38 million in 4Q25, compared to USD 43 million the previous quarter. Net result adjusted for one-off items at USD 38 million compared to USD 42 million in 3Q25.
- Odfjell launched the first operational green corridor for deep-sea shipping between Brazil and Europe, a self-funded initiative to accelerate adoption of sustainable biofuel.
- Contracts concluded for two 35,000 dwt. newbuildings to be delivered to Odfjell on long-term time charter in 2028 and 2029.
- The Board approved a dividend of USD 0.50 per share based on net adjusted result for 2H25.
Highlights – FY2025
- A resilient financial result of USD 155 million was delivered in 2025. Total dividend related to 2025 results will be USD 0.98 per share, which amounts to USD 78 million.
- Odfjell ordered four newbuildings on long-term time charter in 2025, and also entered into a joint venture providing access to quality Japanese tonnage. In total, we have 22 newbuildings on order, of which ten vessels will be delivered in 2026.
- The controlled fleet achieved an AER of 6.8, down 4.2% from previous year.
“The fourth quarter concluded a year dominated by significant uncertainty and more challenging market conditions. The 2025 result is a testament to the strength of our business model, the breath of our contract portfolio, and the relentless focus on safety and efficiency across the organization. We expect the 1Q26 underlying net results to be slightly below 4Q25," said CEO Harald Fotland.
We will present the results on Thursday, February 12, at 10:00 CET at Hotel Continental, Stortingsgata 24/26, Oslo. It will also be possible to watch the presentation in a live webcast at www.odfjell.com/investor/webcast.
4Q25 report 4Q25 presentation Webcast
Contact
Nils Jørgen Selvik, VP Finance & IR
Tel: +47 920 39 718
E-mail: nils.jorgen.selvik@odfjell.com
