CMBT
Company Description
Cmb.Tech N.V., a subsidiary of CMB NV, specializes in marine transportation. Established in 2003 and headquartered in Antwerp, Belgium, the company, formerly known as Euronav NV, adopted its current name in October 2024. Its operations are structured into three primary divisions. The Marine division oversees the ownership and operation of a diverse fleet, including crude oil tankers, bulk carriers, container ships, chemical carriers, offshore wind supply vessels, tugboats, and ferries; this fleet consists of 88 conventionally-fueled vessels and an additional 64 vessels. The H2 Infra division is dedicated to developing and sourcing green molecule supplies, alongside the production and distribution of green hydrogen and ammonia fuels. Completing its portfolio, the H2 Industry division provides adaptable dual-fuel solutions for various industrial applications.
Track Record
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1.67B | 940.25M | 1.24B | 870.34M | 403.67M | 1.30B | 935.09M | 581.41M | 546.53M | 652.44M |
| Net Income | 160.70M | 870.83M | 858.03M | 203.25M | (325.78M) | 473.24M | 112.56M | (106.66M) | 1.47M | 194.56M |
| EPS | 0.73 | 4.44 | 4.25 | 1.03 | -1.62 | 2.42 | 0.52 | -0.56 | 0.01 | 1.23 |
| Free Cash Flow | (628.34M) | (632.47M) | 509.22M | (273.02M) | (421.69M) | 799.18M | 264.72M | (229.90M) | 35.62M | 90.98M |
| FCF / Share | -2.74 | -3.22 | 2.52 | -1.35 | -2.09 | 3.80 | 1.23 | -1.20 | 0.23 | 0.57 |
| Operating CF | 443.38M | 439.34M | 854.90M | 260.24M | (24.33M) | 1.04B | 272.78M | 782,933 | 225.00M | 417.72M |
| Total Assets | 8.41B | 3.91B | 3.42B | 3.98B | 3.77B | 3.69B | 4.16B | 4.13B | 2.81B | 3.05B |
| Total Debt | 5.57B | 2.62B | 930.71M | 1.70B | 1.71B | 1.27B | 1.74B | 1.77B | 898.72M | 1.09B |
| Cash & Equiv | 146.54M | 38.87M | 429.37M | 180.43M | 152.45M | 161.48M | 296.95M | 173.13M | 143.65M | 206.69M |
| Book Value | 2.62B | 1.19B | 2.36B | 2.18B | 1.96B | 2.31B | 2.31B | 2.26B | 1.85B | 1.89B |
| Return on Equity | 0.06 | 0.73 | 0.36 | 0.09 | -0.17 | 0.20 | 0.05 | -0.05 | 0.00 | 0.10 |
| Metric | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 519.63M | 588.98M | 454.25M | 387.81M | 235.04M | 226.03M | 221.84M | 250.73M | 238.97M | 278.02M | 270.51M | 348.93M |
| Net Income | 368.83M | 89.06M | 19.87M | 7.77M | 44.00M | 93.13M | 98.08M | 183.44M | 495.25M | 406.58M | 114.58M | 161.82M |
| EPS | 1.27 | 0.31 | 0.08 | 0.04 | 0.23 | 0.48 | 0.50 | 0.94 | 2.44 | 2.09 | 0.55 | 0.80 |
| Free Cash Flow | 167.35M | 11.65M | (133.84M) | (292.40M) | (197.58M) | (310.31M) | (160.19M) | (264.32M) | 85.72M | 191.67M | 88.97M | 149.35M |
| FCF / Share | 0.58 | 0.04 | -0.53 | -1.51 | -1.02 | -1.59 | -0.82 | -1.36 | 0.43 | 0.95 | 0.44 | 0.74 |
| Operating CF | 167.35M | 216.40M | 143.64M | 43.67M | 36.54M | 106.91M | 82.72M | 41.20M | 224.83M | 264.53M | 145.67M | 226.66M |
| Total Assets | 8.48B | 8.41B | 8.37B | 8.43B | 8.23B | 3.91B | 3.62B | 3.73B | 3.74B | 3.42B | 4.00B | 4.08B |
| Total Debt | 5.26B | 5.57B | 5.62B | 5.66B | 5.40B | 2.62B | 2.40B | 2.40B | 1.58B | 929.95M | 1.79B | 1.78B |
| Cash & Equiv | 195.14M | 146.54M | 81.86M | 155.59M | 162.89M | 38.87M | 47.78M | 343.70M | 508.38M | 429.02M | 160.15M | 164.49M |
| Book Value | 2.95B | 2.62B | 2.55B | 1.33B | 1.28B | 1.19B | 1.10B | 1.23B | 1.94B | 2.36B | 2.09B | 2.14B |
| Return on Equity | 0.13 | 0.03 | 0.01 | 0.01 | 0.03 | 0.08 | 0.09 | 0.15 | 0.26 | 0.17 | 0.05 | 0.08 |
