CMB.TECH posted net profit of USD 368.8 million and EBITDA of USD 558.3 million for Q1 2026, compared to USD 40.4 million profit and USD 158.4 million EBITDA in Q1 2025. Net earnings per share rose to USD 1.27 from USD 0.23 year-on-year, driven by strong spot market rates and asset disposals.

Contract backlog climbed to USD 3.26 billion after securing a new five-year Suezmax time charter and extending two existing Suezmax charters by one year each, both on 10-year terms with profit splits. High charter rates and durable long-term agreements underpin future revenue visibility.

Seven newbuild vessels were delivered, including a Newcastlemax, two VLCCs, two Suezmaxes, a chemical tanker and a CSOV. The sale of eleven older vessels generated a net gain of USD 267.4 million in Q1, with an additional USD 29.2 million gain expected upon delivery in Q2.

The board proposes a total distribution of USD 0.64 per share, comprising a USD 0.20 interim dividend and USD 0.44 from the share premium reserve. Final approval is subject to the May 21 shareholders’ meeting and completion of required corporate procedures.