Ernst Russ Nine-Month Net Income Falls 37% to EUR 34.23 Million

• Ernst Russ’s nine-month net income after non-controlling interests fell 37% to EUR 34.23 million, hurt by lower vessel-sale gains and insurance reimbursements.
• Revenues declined to EUR 118.8 million, while higher charter rates offset a weaker average US dollar and a smaller average fleet.
• Operating cash flow dropped 17% to EUR 56.16 million, with higher class-renewal costs and lower insurance reimbursements weighing on performance.
• Contracted charter backlog climbed 38% since year-start to USD 722.1 million, supporting predictable future revenues.
• Two tanker newbuildings delivered in September and October secured Cargill charters of at least three years, adding USD 38.3 million to backlog.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ernst Russ AG published the original content used to generate this news brief on November 12, 2026, and is solely responsible for the information contained therein.