$EURN (+3,5聽%) Q1 '26 VS Q1 '25
Revenue
$519.6M VS $235.0M 鉃★笍 +121% 馃煝
EBITDA
$558.3M VS $158.4M 鉃★笍+252% 馃煝
Net Profit
$368.8M VS $40.4M 鉃★笍+813%馃煝
EPS (basic)
$1.27 VS $0.23 鉃★笍 +452%馃煝
Key elements :
- Vessel sale gains ~$267M
- Strong TCE rates (e.g., VLCC spot ~$70k/day, Suezmax ~$92k/day)
- Contract backlog up to $3.26B
Other highlights:
- Strong operational performance across segments, with Q2-to-date spot rates even higher in many categories (e.g., VLCC spot ~$183k/day).
- Intention to distribute $0.64/share (interim dividend + share premium).
- Fleet updates include newbuildings and older vessel sales at strong prices