CMB.Tech releases transcript of Q1 2026 earnings call

• CMB.Tech hosted its Q1 2026 earnings call attended by CEO Alexander Saverys, CFO Ludovic Saverys, Enya Derkinderen, and Joris Daman.
• Net profit reached USD 368.8 million, liquidity topped USD 0.5 billion, net finance expenses fell to USD 81 million from USD 113 million in the prior quarter, and remaining CapEx at end-April stood at USD 1.2 billion with USD 184 million unfunded.
• The board set a USD 0.64 per share distribution, split into a USD 0.2 interim dividend and USD 0.44 from share premium, with management reiterating a fully discretionary policy and a historical 50%-60% payout of net profit.
• Management flagged strong near-term spot exposure with about 53,000 shipping days in 2026 at 80% spot, citing higher booked Q2 rates in dry bulk and tankers, while remaining cautious on containers and chemicals.
• Executives warned the Strait of Hormuz was “de facto closed,” cited sharply lower transits, said some vessels were in the Persian Gulf without giving details for safety reasons, and argued tonne-mile effects from longer-haul Atlantic crude flows were broadly balancing lost Gulf volumes.

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