View Future GrowthCmb.Tech 過去の業績過去 基準チェック /26Cmb.Techは、平均年間35.8%の収益成長を遂げていますが、 Oil and Gas業界の収益は、年間 成長しています。収益は、平均年間12.1% 20.6%収益成長率で 成長しています。 Cmb.Techの自己資本利益率は15.9%であり、純利益率は24.9%です。主要情報35.80%収益成長率35.17%EPS成長率Oil and Gas 業界の成長39.67%収益成長率20.55%株主資本利益率15.90%ネット・マージン24.89%次回の業績アップデート27 Aug 2026最近の業績更新Reported Earnings • Apr 24Full year 2025 earnings released: EPS: US$0.70 (vs US$4.44 in FY 2024)Full year 2025 results: EPS: US$0.70 (down from US$4.44 in FY 2024). Revenue: US$1.67b (up 77% from FY 2024). Net income: US$160.7m (down 82% from FY 2024). Profit margin: 9.6% (down from 93% in FY 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 1.3% decline forecast for the Oil and Gas industry in Norway.Reported Earnings • Feb 27Full year 2025 earnings released: EPS: US$0.70 (vs US$4.44 in FY 2024)Full year 2025 results: EPS: US$0.70 (down from US$4.44 in FY 2024). Revenue: US$1.89b (up 101% from FY 2024). Net income: US$161.7m (down 81% from FY 2024). Profit margin: 8.6% (down from 93% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 2.0% decline forecast for the Oil and Gas industry in Norway.お知らせ • Dec 18+ 4 more updatesCmb.Tech NV to Report First Half, 2026 Results on Aug 27, 2026Cmb.Tech NV announced that they will report first half, 2026 results on Aug 27, 2026Reported Earnings • Nov 27Third quarter 2025 earnings released: EPS: US$0.083 (vs US$0.51 in 3Q 2024)Third quarter 2025 results: EPS: US$0.083 (down from US$0.51 in 3Q 2024). Revenue: US$625.6m (up 182% from 3Q 2024). Net income: US$19.9m (down 80% from 3Q 2024). Profit margin: 3.2% (down from 44% in 3Q 2024). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 4.3% decline forecast for the Oil and Gas industry in Norway.Reported Earnings • Aug 29Second quarter 2025 earnings released: EPS: US$0.04 (vs US$0.95 in 2Q 2024)Second quarter 2025 results: EPS: US$0.04 (down from US$0.95 in 2Q 2024). Revenue: US$387.8m (up 54% from 2Q 2024). Net income: US$7.77m (down 96% from 2Q 2024). Profit margin: 2.0% (down from 73% in 2Q 2024). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 5.5% decline forecast for the Oil and Gas industry in Norway.すべての更新を表示Recent updatesお知らせ • May 27Cmb.Tech Nv Announces Interim Dividend, Payable on or About 10 June 2026Cmb.Tech NV at the AGM held on May 21, 2026 announced that the the shareholder distribution of 0.64 USD per share conditionally announced is approved and it will be a combination of interim dividend of USD 0.20 per share and a first payment of USD 0.44 per share out of share premium reserve, payable on or about 10 June 2026. The distribution of this Interim Dividend is scheduled as follows: For Euronext, the ex-dividend date is 2 June 2026, the record date is 3 June 2026, and the payment date is 10 June 2026. For the NYSE, the ex-dividend date is 3 June 2026, the record date is also 3 June 2026, and the payment date is 10 June 2026. For OSE, the ex-dividend date is 2 June 2026, the record date is 3 June 2026, and the payment date is on or about 17 June 2026. Due to the implementation of CSDR in Norway, the Dividend payable on common shares that are registered in the VPS settlement system in order to be traded on OSE is expected to be distributed to VPS shareholders on or about 17 June 2026.お知らせ • May 23Cmb.Tech Nv Announces Board ChangesCmb.Tech NV approved the resignation of Bjarte Bøe as non-independent member of the Supervisory Board and the appointment of Bobship AS, permanently represented by Bjarte Bøe, as non-independent member of the Supervisory Board until the ordinary shareholders’ meeting to be held in 2029. In addition, the General Meeting confirmed the co-optation and approved the appointment of Ms. Gudrun Janssens and Mr. Carl E. Steen as independent members of the Supervisory Board for a period of three years.お知らせ • May 20+ 1 more updateCmb.Tech NV Intends to Approve First Payment Out of Share Premium ReserveCmb.Tech NV announced the supervisory board intended to approve a first payment of USD 0.44 per share out of the share premium reserve (which is exempt from withholding tax). The approval of the Distribution by the Supervisory Board is subject to, and conditional upon: the approval by the General Shareholders' Meeting of the company, scheduled for 21 May 2026, of the agenda item relating to the distribution out of the share premium reserve; and the completion of the corporate procedures prescribed by the Belgian Companies and Associations Code (Wetboek van vennootschappen en verenigingen /Code des sociétés et des associations) with respect to the interim dividend. The company will provide further information on the payment date, record date and other practical modalities of the Distribution once the Distribution is effectively approved (currently scheduled for end of May 2026), in accordance with applicable regulations.New Risk • May 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 14% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Earnings are forecast to decline by an average of 14% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (22% net profit margin).Reported Earnings • Apr 24Full year 2025 earnings released: EPS: US$0.70 (vs US$4.44 in FY 2024)Full year 2025 results: EPS: US$0.70 (down from US$4.44 in FY 2024). Revenue: US$1.67b (up 77% from FY 2024). Net income: US$160.7m (down 82% from FY 2024). Profit margin: 9.6% (down from 93% in FY 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 1.3% decline forecast for the Oil and Gas industry in Norway.Upcoming Dividend • Apr 07Upcoming dividend of US$0.16 per shareEligible shareholders must have bought the stock before 14 April 2026. Payment date: 27 April 2026. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Norwegian dividend payers (7.4%). Lower than average of industry peers (5.0%).New Risk • Mar 02New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 508% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (9.7% net profit margin).Reported Earnings • Feb 27Full year 2025 earnings released: EPS: US$0.70 (vs US$4.44 in FY 2024)Full year 2025 results: EPS: US$0.70 (down from US$4.44 in FY 2024). Revenue: US$1.89b (up 101% from FY 2024). Net income: US$161.7m (down 81% from FY 2024). Profit margin: 8.6% (down from 93% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 2.0% decline forecast for the Oil and Gas industry in Norway.お知らせ • Feb 26+ 1 more updateCmb.Tech Nv Declares Interim Dividend, Payable on or About 27 April 2026Cmb.Tech NV has declared an interim dividend of USD 0.16 per share, which is expected to be paid on or about 27 April 2026. Ex-dividend date is 14 April 2026. Record date is 15 April 2026.Valuation Update With 7 Day Price Move • Jan 08Investor sentiment improves as stock rises 15%After last week's 15% share price gain to kr113, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 8x in the Oil and Gas industry in Norway.Upcoming Dividend • Dec 30Upcoming dividend of US$0.05 per shareEligible shareholders must have bought the stock before 06 January 2026. Payment date: 20 January 2026. Payout ratio is a comfortable 4.5% but the company is not cash flow positive. Trailing yield: 73%. Within top quartile of Norwegian dividend payers (8.7%). Higher than average of industry peers (8.7%).お知らせ • Dec 18+ 4 more updatesCmb.Tech NV to Report First Half, 2026 Results on Aug 27, 2026Cmb.Tech NV announced that they will report first half, 2026 results on Aug 27, 2026Reported Earnings • Nov 27Third quarter 2025 earnings released: EPS: US$0.083 (vs US$0.51 in 3Q 2024)Third quarter 2025 results: EPS: US$0.083 (down from US$0.51 in 3Q 2024). Revenue: US$625.6m (up 182% from 3Q 2024). Net income: US$19.9m (down 80% from 3Q 2024). Profit margin: 3.2% (down from 44% in 3Q 2024). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 4.3% decline forecast for the Oil and Gas industry in Norway.お知らせ • Nov 26Cmb.Tech Nv Proposes Interim Dividend, Payable on or About 15 January 2026CMB.TECH intends to propose an interim dividend of USD 0.05 per share, which is expected to be paid on or about 15 January 2026, subject to completion of the required statutory procedures. Ex-dividend date is 6 January 2026. Record date is 7 January 2026.お知らせ • Sep 25Cmb.Tech Nv Announces Supervisory Board and Committee ChangesCmb.Tech NV announced that Mrs. Julie De Nul has decided to resign as member of the Supervisory Board of CMB.TECH NV. The Supervisory Board has further decided to co-opt Mr. Carl Steen as independent member within the Supervisory Board. Mr. Carl Steen has been appointed to succeed Mrs. Julie de Nul as chairman of the Remuneration committee. Mr. Carl Steen graduated in 1975 from ETH Zurich Switzerland with a M.Sc. in Industrial and Management Engineering. After working for a number of high profile companies in Norway, he moved to Luxembourg in 1983 and started his banking career in Christiania Bank Luxembourg. Mr. Steen joined Nordea Bank from 2001 to February 2011 as head of the banks Shipping, Oil Services & International Division. Mr. Steen has been director in various Norwegian and international Companies within the shipping, offshore and banking sphere. From 2015-2022 he was Chairman in Euronav NV. He now serves as Chairman in Wilhelmsen Holding ASA and holds directorship in Golar LNG Ltd. and Himalaya Shipping Ltd.お知らせ • Sep 23Cmb.Tech NV(OB:CMBTO) dropped from Oslo OBX Total Return IndexCmb.Tech NV has been dropped from the Oslo OBX Total Return IndexValuation Update With 7 Day Price Move • Sep 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to kr98.60, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Oil and Gas industry in Norway.New Risk • Aug 31New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Shares are highly illiquid. High level of non-cash earnings (21% accrual ratio). Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (23% net profit margin).Reported Earnings • Aug 29Second quarter 2025 earnings released: EPS: US$0.04 (vs US$0.95 in 2Q 2024)Second quarter 2025 results: EPS: US$0.04 (down from US$0.95 in 2Q 2024). Revenue: US$387.8m (up 54% from 2Q 2024). Net income: US$7.77m (down 96% from 2Q 2024). Profit margin: 2.0% (down from 73% in 2Q 2024). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 5.5% decline forecast for the Oil and Gas industry in Norway.お知らせ • Aug 28+ 1 more updateCmb.Tech NV Announces Supervisory Board ChangesCmb.Tech NV announced Supervisory Board changes. Mr. Marc Saverys has decided to resign as member and chairman of the Supervisory Board of CMB.TECH. Mr. Marc Saverys joined the Supervisory Board of CMB.TECH after the SGM of 23 March 2023 as a non-independent member. Mr. Patrick de Brabandere, as representative of Debemar BV has been appointed to succeed Mr. Marc Saverys as chairman of the Supervisory Board. The Supervisory Board has further decided to co-opt Mrs. Gudrun Janssens as independent member within the Supervisory Board: Mrs. Gudrun Janssens oversees BIMCO's EU-related marine environment, safety and technical affairs from the Brussels office. She has significant expertise in ship recycling. She studied Chemistry with a focus on environmental sciences and began her professional career at the Public Waste Agency of Flanders in 2000. As a senior policy advisor and member of the Belgian delegation to the IMO, she was involved in shaping the Belgian policy on ship waste management and ship recycling for over 15 years. Gudrun also worked for the European Community of Shipowners’ Associations (ECSA) and the Royal Belgian Shipowners Associations as Head of Environmental and Technical Affairs, managing environmental and climate-related shipping issues at both European and international levels.New Risk • Aug 22New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 49% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Shares are highly illiquid. Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (23% net profit margin).収支内訳Cmb.Tech の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。収益と収入の歴史OB:CMBTO 収益、費用、利益 ( )USD Millions日付収益収益G+A経費研究開発費31 Mar 261,951486144031 Dec 251,666161139030 Sep 251,303165113030 Jun 251,07124395031 Mar 2593542081031 Dec 2494087176030 Sep 249831,18472030 Jun 241,0391,20169031 Mar 241,1361,17860031 Dec 231,23585859030 Sep 231,33568750030 Jun 231,28058851031 Mar 231,08042253031 Dec 2285520347030 Sep 22604-10443030 Jun 22475-22635031 Mar 22425-31132031 Dec 21420-33929030 Sep 21455-32559030 Jun 21567-17319031 Mar 2192817760031 Dec 201,21047334030 Sep 201,44768663030 Jun 201,38261759031 Mar 201,11631864031 Dec 1991511241030 Sep 19813-4262030 Jun 19799-7767031 Mar 19734-5167031 Dec 18600-11057030 Sep 18482-9164030 Jun 18426-6056031 Mar 18447-7250031 Dec 17513147030 Sep 175423245030 Jun 175706045031 Mar 1763412544031 Dec 1668420444030 Sep 1676425949030 Jun 1683433147031 Mar 1685738347031 Dec 1584735046030 Sep 1576624242030 Jun 15689149440質の高い収益: CMBTOには$408.7M } という大きな 一回限りの 利益があり、過去 12 か月の財務実績が31st March, 2026に影響を及ぼしています。利益率の向上: CMBTOの現在の純利益率 (24.9%)は、昨年(44.9%)よりも低くなっています。フリー・キャッシュフローと収益の比較過去の収益成長分析収益動向: CMBTOの収益は過去 5 年間で年間35.8%増加しました。成長の加速: CMBTOの過去 1 年間の収益成長率 ( 15.7% ) は、5 年間の平均 ( 年間35.8%を下回っています。収益対業界: CMBTOの過去 1 年間の収益成長率 ( 15.7% ) はOil and Gas業界-46.5%を上回りました。株主資本利益率高いROE: CMBTOの 自己資本利益率 ( 15.9% ) は 低い とみなされます。総資産利益率使用総資本利益率過去の好業績企業の発掘7D1Y7D1Y7D1YEnergy 、過去の業績が好調な企業。View Financial Health企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/09 07:55終値2026/06/09 00:00収益2026/03/31年間収益2025/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Cmb.Tech NV 6 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。20 アナリスト機関David VagmanBNP ParibasLars KalbakkenCarnegie Investment Bank ABChristian WetherbeeCitigroup Inc17 その他のアナリストを表示
Reported Earnings • Apr 24Full year 2025 earnings released: EPS: US$0.70 (vs US$4.44 in FY 2024)Full year 2025 results: EPS: US$0.70 (down from US$4.44 in FY 2024). Revenue: US$1.67b (up 77% from FY 2024). Net income: US$160.7m (down 82% from FY 2024). Profit margin: 9.6% (down from 93% in FY 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 1.3% decline forecast for the Oil and Gas industry in Norway.
Reported Earnings • Feb 27Full year 2025 earnings released: EPS: US$0.70 (vs US$4.44 in FY 2024)Full year 2025 results: EPS: US$0.70 (down from US$4.44 in FY 2024). Revenue: US$1.89b (up 101% from FY 2024). Net income: US$161.7m (down 81% from FY 2024). Profit margin: 8.6% (down from 93% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 2.0% decline forecast for the Oil and Gas industry in Norway.
お知らせ • Dec 18+ 4 more updatesCmb.Tech NV to Report First Half, 2026 Results on Aug 27, 2026Cmb.Tech NV announced that they will report first half, 2026 results on Aug 27, 2026
Reported Earnings • Nov 27Third quarter 2025 earnings released: EPS: US$0.083 (vs US$0.51 in 3Q 2024)Third quarter 2025 results: EPS: US$0.083 (down from US$0.51 in 3Q 2024). Revenue: US$625.6m (up 182% from 3Q 2024). Net income: US$19.9m (down 80% from 3Q 2024). Profit margin: 3.2% (down from 44% in 3Q 2024). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 4.3% decline forecast for the Oil and Gas industry in Norway.
Reported Earnings • Aug 29Second quarter 2025 earnings released: EPS: US$0.04 (vs US$0.95 in 2Q 2024)Second quarter 2025 results: EPS: US$0.04 (down from US$0.95 in 2Q 2024). Revenue: US$387.8m (up 54% from 2Q 2024). Net income: US$7.77m (down 96% from 2Q 2024). Profit margin: 2.0% (down from 73% in 2Q 2024). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 5.5% decline forecast for the Oil and Gas industry in Norway.
お知らせ • May 27Cmb.Tech Nv Announces Interim Dividend, Payable on or About 10 June 2026Cmb.Tech NV at the AGM held on May 21, 2026 announced that the the shareholder distribution of 0.64 USD per share conditionally announced is approved and it will be a combination of interim dividend of USD 0.20 per share and a first payment of USD 0.44 per share out of share premium reserve, payable on or about 10 June 2026. The distribution of this Interim Dividend is scheduled as follows: For Euronext, the ex-dividend date is 2 June 2026, the record date is 3 June 2026, and the payment date is 10 June 2026. For the NYSE, the ex-dividend date is 3 June 2026, the record date is also 3 June 2026, and the payment date is 10 June 2026. For OSE, the ex-dividend date is 2 June 2026, the record date is 3 June 2026, and the payment date is on or about 17 June 2026. Due to the implementation of CSDR in Norway, the Dividend payable on common shares that are registered in the VPS settlement system in order to be traded on OSE is expected to be distributed to VPS shareholders on or about 17 June 2026.
お知らせ • May 23Cmb.Tech Nv Announces Board ChangesCmb.Tech NV approved the resignation of Bjarte Bøe as non-independent member of the Supervisory Board and the appointment of Bobship AS, permanently represented by Bjarte Bøe, as non-independent member of the Supervisory Board until the ordinary shareholders’ meeting to be held in 2029. In addition, the General Meeting confirmed the co-optation and approved the appointment of Ms. Gudrun Janssens and Mr. Carl E. Steen as independent members of the Supervisory Board for a period of three years.
お知らせ • May 20+ 1 more updateCmb.Tech NV Intends to Approve First Payment Out of Share Premium ReserveCmb.Tech NV announced the supervisory board intended to approve a first payment of USD 0.44 per share out of the share premium reserve (which is exempt from withholding tax). The approval of the Distribution by the Supervisory Board is subject to, and conditional upon: the approval by the General Shareholders' Meeting of the company, scheduled for 21 May 2026, of the agenda item relating to the distribution out of the share premium reserve; and the completion of the corporate procedures prescribed by the Belgian Companies and Associations Code (Wetboek van vennootschappen en verenigingen /Code des sociétés et des associations) with respect to the interim dividend. The company will provide further information on the payment date, record date and other practical modalities of the Distribution once the Distribution is effectively approved (currently scheduled for end of May 2026), in accordance with applicable regulations.
New Risk • May 19New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 14% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Earnings are forecast to decline by an average of 14% per year for the foreseeable future. Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (22% net profit margin).
Reported Earnings • Apr 24Full year 2025 earnings released: EPS: US$0.70 (vs US$4.44 in FY 2024)Full year 2025 results: EPS: US$0.70 (down from US$4.44 in FY 2024). Revenue: US$1.67b (up 77% from FY 2024). Net income: US$160.7m (down 82% from FY 2024). Profit margin: 9.6% (down from 93% in FY 2024). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 1.3% decline forecast for the Oil and Gas industry in Norway.
Upcoming Dividend • Apr 07Upcoming dividend of US$0.16 per shareEligible shareholders must have bought the stock before 14 April 2026. Payment date: 27 April 2026. Payout ratio is a comfortable 37% and this is well supported by cash flows. Trailing yield: 2.0%. Lower than top quartile of Norwegian dividend payers (7.4%). Lower than average of industry peers (5.0%).
New Risk • Mar 02New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 508% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.9x net interest cover). Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (9.7% net profit margin).
Reported Earnings • Feb 27Full year 2025 earnings released: EPS: US$0.70 (vs US$4.44 in FY 2024)Full year 2025 results: EPS: US$0.70 (down from US$4.44 in FY 2024). Revenue: US$1.89b (up 101% from FY 2024). Net income: US$161.7m (down 81% from FY 2024). Profit margin: 8.6% (down from 93% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 2.0% decline forecast for the Oil and Gas industry in Norway.
お知らせ • Feb 26+ 1 more updateCmb.Tech Nv Declares Interim Dividend, Payable on or About 27 April 2026Cmb.Tech NV has declared an interim dividend of USD 0.16 per share, which is expected to be paid on or about 27 April 2026. Ex-dividend date is 14 April 2026. Record date is 15 April 2026.
Valuation Update With 7 Day Price Move • Jan 08Investor sentiment improves as stock rises 15%After last week's 15% share price gain to kr113, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 8x in the Oil and Gas industry in Norway.
Upcoming Dividend • Dec 30Upcoming dividend of US$0.05 per shareEligible shareholders must have bought the stock before 06 January 2026. Payment date: 20 January 2026. Payout ratio is a comfortable 4.5% but the company is not cash flow positive. Trailing yield: 73%. Within top quartile of Norwegian dividend payers (8.7%). Higher than average of industry peers (8.7%).
お知らせ • Dec 18+ 4 more updatesCmb.Tech NV to Report First Half, 2026 Results on Aug 27, 2026Cmb.Tech NV announced that they will report first half, 2026 results on Aug 27, 2026
Reported Earnings • Nov 27Third quarter 2025 earnings released: EPS: US$0.083 (vs US$0.51 in 3Q 2024)Third quarter 2025 results: EPS: US$0.083 (down from US$0.51 in 3Q 2024). Revenue: US$625.6m (up 182% from 3Q 2024). Net income: US$19.9m (down 80% from 3Q 2024). Profit margin: 3.2% (down from 44% in 3Q 2024). Revenue is forecast to grow 32% p.a. on average during the next 3 years, compared to a 4.3% decline forecast for the Oil and Gas industry in Norway.
お知らせ • Nov 26Cmb.Tech Nv Proposes Interim Dividend, Payable on or About 15 January 2026CMB.TECH intends to propose an interim dividend of USD 0.05 per share, which is expected to be paid on or about 15 January 2026, subject to completion of the required statutory procedures. Ex-dividend date is 6 January 2026. Record date is 7 January 2026.
お知らせ • Sep 25Cmb.Tech Nv Announces Supervisory Board and Committee ChangesCmb.Tech NV announced that Mrs. Julie De Nul has decided to resign as member of the Supervisory Board of CMB.TECH NV. The Supervisory Board has further decided to co-opt Mr. Carl Steen as independent member within the Supervisory Board. Mr. Carl Steen has been appointed to succeed Mrs. Julie de Nul as chairman of the Remuneration committee. Mr. Carl Steen graduated in 1975 from ETH Zurich Switzerland with a M.Sc. in Industrial and Management Engineering. After working for a number of high profile companies in Norway, he moved to Luxembourg in 1983 and started his banking career in Christiania Bank Luxembourg. Mr. Steen joined Nordea Bank from 2001 to February 2011 as head of the banks Shipping, Oil Services & International Division. Mr. Steen has been director in various Norwegian and international Companies within the shipping, offshore and banking sphere. From 2015-2022 he was Chairman in Euronav NV. He now serves as Chairman in Wilhelmsen Holding ASA and holds directorship in Golar LNG Ltd. and Himalaya Shipping Ltd.
お知らせ • Sep 23Cmb.Tech NV(OB:CMBTO) dropped from Oslo OBX Total Return IndexCmb.Tech NV has been dropped from the Oslo OBX Total Return Index
Valuation Update With 7 Day Price Move • Sep 09Investor sentiment improves as stock rises 15%After last week's 15% share price gain to kr98.60, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 8x in the Oil and Gas industry in Norway.
New Risk • Aug 31New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.1x net interest cover). Shares are highly illiquid. High level of non-cash earnings (21% accrual ratio). Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (23% net profit margin).
Reported Earnings • Aug 29Second quarter 2025 earnings released: EPS: US$0.04 (vs US$0.95 in 2Q 2024)Second quarter 2025 results: EPS: US$0.04 (down from US$0.95 in 2Q 2024). Revenue: US$387.8m (up 54% from 2Q 2024). Net income: US$7.77m (down 96% from 2Q 2024). Profit margin: 2.0% (down from 73% in 2Q 2024). Revenue is forecast to grow 28% p.a. on average during the next 3 years, compared to a 5.5% decline forecast for the Oil and Gas industry in Norway.
お知らせ • Aug 28+ 1 more updateCmb.Tech NV Announces Supervisory Board ChangesCmb.Tech NV announced Supervisory Board changes. Mr. Marc Saverys has decided to resign as member and chairman of the Supervisory Board of CMB.TECH. Mr. Marc Saverys joined the Supervisory Board of CMB.TECH after the SGM of 23 March 2023 as a non-independent member. Mr. Patrick de Brabandere, as representative of Debemar BV has been appointed to succeed Mr. Marc Saverys as chairman of the Supervisory Board. The Supervisory Board has further decided to co-opt Mrs. Gudrun Janssens as independent member within the Supervisory Board: Mrs. Gudrun Janssens oversees BIMCO's EU-related marine environment, safety and technical affairs from the Brussels office. She has significant expertise in ship recycling. She studied Chemistry with a focus on environmental sciences and began her professional career at the Public Waste Agency of Flanders in 2000. As a senior policy advisor and member of the Belgian delegation to the IMO, she was involved in shaping the Belgian policy on ship waste management and ship recycling for over 15 years. Gudrun also worked for the European Community of Shipowners’ Associations (ECSA) and the Royal Belgian Shipowners Associations as Head of Environmental and Technical Affairs, managing environmental and climate-related shipping issues at both European and international levels.
New Risk • Aug 22New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 49% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.0x net interest cover). Shares are highly illiquid. Shareholders have been substantially diluted in the past year (49% increase in shares outstanding). Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (23% net profit margin).