← CMB.TECH NV
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Net Income | — | — | — | — | — | — | $203.3m | $858.0m | $870.8m | $160.7m | |
| Net Income From Continuing Operations | — | — | — | — | — | — | $203.3m | $858.0m | $870.8m | $139.1m | |
| Depreciation of tangible assets (Note 8) | $227.7m | $229.8m | $270.6m | $337.6m | $319.7m | $344.9m | $221.6m | $219.4m | $163.1m | $384.7m | |
| Amortization Cash Flow | — | — | — | — | — | — | $1.0m | $1.6m | $2.9m | $3.3m | |
| Amortization Of Intangibles | — | — | — | — | — | — | $1.0m | $1.6m | $2.9m | $3.3m | |
| Depreciation | — | — | — | — | — | — | $221.6m | $219.4m | $163.1m | $384.7m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $222.6m | $221.0m | $166.0m | $388.0m | |
| Deferred Income Tax | — | — | — | — | — | — | $2.8m | $6.0m | $1.9m | $10.2m | |
| Deferred Tax | — | — | — | — | — | — | $2.8m | $6.0m | $1.9m | $10.2m | |
| Adjustments For Share-Based Payments | $406k | $313k | $37k | $0 | $0 | — | — | — | — | — | |
| Impairment losses (Note 8) | $0 | $0 | $3.0m | $0 | $0 | — | $0 | $0 | $1.8m | $5.4m | |
| Asset Impairment Charge | — | — | — | — | — | — | $0 | $0 | $1.8m | $5.4m | |
| Adjustments For Income Tax Expense | ($174k) | ($1.4m) | $239k | $602k | $1.9m | ($427k) | $2.8m | $6.0m | $1.9m | — | |
| Income tax (benefits)/expenses (Note 7) | ($174k) | ($1.4m) | $239k | $602k | $1.9m | ($427k) | $2.8m | $6.0m | $1.9m | $10.2m | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($17.6m) | $927k | ($920k) | $882k | |
| Changes in working capital requirements | $38.5m | $22.1m | ($114.5m) | ($165.4m) | $180.6m | ($20.5m) | ($82.7m) | $105.9m | $39.3m | $7.3m | |
| Additional Financial Items | |||||||||||
| Adjustments For Current Tax Of Prior Period | — | — | — | — | — | ($436k) | ($57k) | ($7k) | ($1.6m) | — | |
| Adjustments For Decrease Increase In Trade Account Receivable | ($755k) | $5.9m | ($23.6m) | ($41.0m) | $85.8m | ($25.5m) | ($105.5m) | $43.0m | $95.9m | — | |
| Adjustments For Finance Costs | $44.8m | $43.5m | $74.4m | $99.2m | $70.1m | $80.6m | $105.9m | $104.7m | $130.7m | — | |
| Adjustments For Gain Loss On Disposal Of Investments In Subsidiaries Joint Ventures And Associates | ($24.1m) | $0 | $0 | — | — | — | — | — | $19.7m | — | |
| Adjustments For Increase Decrease In Trade Account Payable | ($6.8m) | $1.2m | ($8.2m) | $6.5m | $4.5m | ($1.2m) | ($1.3m) | $17.3m | ($14.9m) | — | |
| General And Administrative Expense | $44.1m | $46.9m | $66.2m | $66.9m | $65.5m | $32.4m | $51.7m | $62.5m | $77.8m | — | |
| Increase Decrease In Working Capital | ($38.5m) | ($22.1m) | $114.5m | $165.4m | ($180.6m) | $20.5m | $82.7m | ($105.9m) | ($39.3m) | — | |
| Interest Received Classified As Operating Activities | $209k | $636k | $3.4m | $6.6m | $6.7m | $3.4m | $11.4m | $50.6m | $17.1m | — | |
| Payments Of Lease Liabilities Classified As Financing Activities | — | — | — | $30.2m | $37.8m | $54.9m | $25.5m | $21.9m | $33.9m | — | |
| Proceeds From Borrowings Classified As Financing Activities | $740.3m | $526.0m | $983.9m | $1.1b | $893.8m | $1.5b | $1.3b | $2.7b | $2.7b | — | |
| Purchase Of Intangible Assets Classified As Investing Activities | $18k | $11k | $1k | $14k | $221k | $115k | $16.6m | $60k | $1.5m | — | |
| Repayments Of Borrowings Classified As Financing Activities | $774.0m | $711.0m | $1.1b | $1.3b | $995.0m | $726.0m | $976.7m | $2.9b | $1.2b | — | |
| Profit (loss) for the period | $204.0m | $1.4m | ($110.1m) | $112.2m | $473.2m | ($338.8m) | $203.3m | $858.0m | $870.8m | $139.1m | |
| Adjustments for: | $205.5m | $225.5m | $289.3m | $405.8m | $357.7m | $386.9m | $217.5m | ($40.0m) | ($355.5m) | $618.5m | |
| Amortisation of intangible assets (Note 9) | $99k | $95k | $111k | $56k | $99k | $90k | $1.0m | $1.6m | $2.9m | $3.3m | |
| Provisions | ($603k) | ($160k) | ($42k) | ($448k) | ($388k) | ($227k) | ($262k) | ($295k) | ($325k) | ($274k) | |
| Share of (profit)/loss of equity-accounted investees, net of tax (Note 26) | ($40.5m) | ($30.1m) | ($16.1m) | ($16.5m) | ($10.9m) | ($23.0m) | ($17.6m) | $927k | ($920k) | $882k | |
| Net finance expenses (Note 6) | $44.8m | $43.5m | $74.4m | $99.2m | $70.1m | $80.6m | $105.9m | $104.7m | $130.7m | $406.9m | |
| (Gain)/loss on disposal of assets (Note 8) | ($50.4m) | ($15.5m) | ($18.9m) | ($14.8m) | ($22.7m) | ($15.1m) | ($95.8m) | ($372.4m) | ($635.0m) | ($192.6m) | |
| (Gain)/loss on disposal of subsidiaries (Note 24) | $24.1m | $0 | $0 | — | — | — | $0 | $0 | ($19.7m) | $0 | |
| Change in cash guarantees (Note 11) | $107k | ($52k) | $33k | ($34k) | ($12.3m) | $8k | $570k | $12.2m | ($46.9m) | ($9.0m) | |
| Change in inventory (Note 12) | — | $0 | ($22.3m) | ($161.1m) | $107.6m | $6.7m | $27.4m | $19.1m | $5.2m | ($13.3m) | |
| Change in trade receivables (Note 13) | ($755k) | $5.9m | ($23.6m) | ($41.0m) | $85.8m | ($25.5m) | ($105.5m) | $43.0m | $95.9m | $38.6m | |
| Change in accrued income (Note 13) | $21.0m | ($1.5m) | ($6.4m) | ($3.1m) | $12.7m | ($331k) | ($2.9m) | ($2.3m) | $7.4m | ($18.0m) | |
| Change in deferred charges and fulfillment costs (Note 13) | — | — | $18.8m | ($2.1m) | ($263k) | ($1.3m) | $1.3m | $2.1m | ($6.1m) | ($7.1m) | |
| Change in other receivables (Note 11 and 13) | $35.9m | $28.8m | ($77.9m) | $22.4m | ($3.8m) | $4.1m | ($4.6m) | $1.2m | $3.3m | $30.2m | |
| Change in trade payables (Note 18) | ($6.8m) | $1.2m | ($8.2m) | $6.5m | $4.5m | ($1.2m) | ($1.3m) | $17.3m | ($14.9m) | $34.7m | |
| Change in accrued payroll (Note 18) | ($138k) | $1.0m | ($11.0m) | ($2.3m) | $2.5m | ($3.7m) | ($39k) | $603k | ($94k) | $4.2m | |
| Change in accrued expenses (Note 18) | ($7.5m) | ($6.7m) | $18.8m | $3.5m | ($10.7m) | $2.7m | ($2.8m) | $8.7m | ($19.0m) | ($37.0m) | |
| Change in deferred income (Note 18) | ($3.6m) | ($3.7m) | ($2.3m) | $10.0m | ($4.6m) | ($5.6m) | $10.0m | ($187k) | $6.6m | $19.3m | |
| Change in other payables (Note 18) | ($226k) | $18k | ($1.3m) | ($806k) | ($148k) | $3.0m | ($2.1m) | $263k | $7.8m | ($35.4m) | |
| Change in provisions for employee benefits | $261k | $827k | $616k | $2.6m | ($653k) | $621k | ($2.6m) | $3.8m | ($13k) | $66k | |
| Interest received (Note 6 and 13) | $209k | $636k | $3.4m | $6.6m | $6.7m | $3.4m | $11.4m | $50.6m | $17.1m | $6.4m | |
| Acquisition of vessels and vessels under construction (Note 8) | — | — | — | — | — | — | ($523.5m) | ($337.2m) | ($1.1b) | ($1.0b) | |
| Proceeds from the sale of vessels (Note 8) | $223.0m | $96.9m | $26.8m | $86.2m | $78.1m | $55.8m | $356.7m | $1.2b | $1.7b | $509.8m | |
| Acquisition of other tangible assets (Note 8) | ($178k) | ($1.2m) | ($588k) | ($1.0m) | ($285k) | ($142k) | ($164k) | ($1.4m) | ($5.0m) | ($3.7m) | |
| Acquisition of intangible assets (Note 9) | ($18k) | ($11k) | ($1k) | ($14k) | ($221k) | ($115k) | ($16.6m) | ($60k) | ($1.5m) | ($1.5m) | |
| Proceeds from the sale of other (in)tangible assets (Note 8) | $38k | $29k | $0 | $30k | $0 | $0 | $0 | $0 | $2.0m | $860k | |
| Loans from (to) related parties (Note 26) | $22.0m | $40.8m | $134.1m | ($31.7m) | $26.4m | $2.2m | $32.8m | $0 | ($4.5m) | ($3.4m) | |
| Net cash on deconsolidation / sale of subsidiaries | $0 | $0 | $141.0m | $0 | $0 | — | $0 | $0 | $822k | $0 | |
| Investments in other companies (Note 26) | — | — | — | — | — | — | $0 | $0 | ($45.0m) | $0 | |
| Acquisition of a subsidiary, net of cash acquired (Note 24 and 25) | ($6.8m) | $0 | $126.3m | $0 | $0 | — | $0 | $0 | ($1.2b) | ($1.1b) | |
| Repayment of loans from related parties | — | — | — | — | $0 | $0 | ($10.2m) | $0 | ($79.9m) | $0 | |
| Lease payments received from finance leases | — | $0 | $0 | $1.3m | $1.8m | $2.0m | $2.0m | $1.7m | $1.6m | $1.3m | |
| Purchase of treasury shares (Note 15) | — | $0 | ($1.7m) | ($31.0m) | ($118.5m) | $0 | $1.1m | $0 | ($126.9m) | $0 | |
| Proceeds from borrowings (Note 17) | $740.3m | $526.0m | $983.9m | $1.1b | $893.8m | $1.5b | $1.3b | $2.7b | $2.7b | $6.5b | |
| Repayment of borrowings (Note 17) | ($774.0m) | ($711.0m) | ($1.1b) | ($1.3b) | ($995.0m) | ($726.0m) | ($976.7m) | ($2.9b) | ($1.2b) | ($4.2b) | |
| Repayment of commercial paper (Note 17) | — | — | $0 | $0 | ($359.3m) | ($303.4m) | ($279.3m) | ($458.3m) | ($357.2m) | ($221.3m) | |
| Repayment of sale and leaseback (Note 17) | — | — | — | — | — | — | ($22.7m) | ($96.0m) | ($54.3m) | ($379.4m) | |
| Repayment of lease liabilities (Note 17) | — | $0 | $0 | $30.2m | ($37.8m) | ($54.9m) | ($25.5m) | ($21.9m) | ($33.9m) | ($121.9m) | |
| Transaction costs related to issue of loans and borrowings (Note 17) | ($4.4m) | ($5.9m) | ($3.8m) | ($9.7m) | ($8.1m) | ($4.4m) | ($5.9m) | ($14.5m) | ($19.2m) | ($74.4m) | |
| Acquisition of non-controlling interest (Note 25) | — | — | — | — | — | — | — | $0 | $0 | ($137.1m) | |
| Beginning Cash Position | — | — | — | — | — | — | $152.5m | $179.9m | $429.4m | $38.9m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($62.9m) | ($1.5b) | ($173.0m) | $1.3b | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($158.8m) | $869.7m | ($679.2m) | ($1.6b) | |
| Change In Account Payable | — | — | — | — | — | — | ($1.3m) | $17.3m | ($14.9m) | $34.7m | |
| Change In Accrued Expense | — | — | — | — | — | — | ($2.8m) | $9.3m | ($19.1m) | ($32.9m) | |
| Change In Inventory | — | — | — | — | — | — | $27.4m | $19.1m | $5.2m | ($13.3m) | |
| Change In Other Working Capital | — | — | — | — | — | — | $9.2m | $17.9m | ($46.3m) | $3.2m | |
| Change In Payable | — | — | — | — | — | — | ($3.4m) | $17.6m | ($7.1m) | ($751k) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($6.3m) | $26.9m | ($26.2m) | ($33.6m) | |
| Change In Receivables | — | — | — | — | — | — | ($113.1m) | $41.9m | $106.7m | $50.9m | |
| Change In Working Capital | — | — | — | — | — | — | ($82.7m) | $105.9m | $39.3m | $7.3m | |
| Changes In Account Receivables | — | — | — | — | — | ($25.5m) | ($105.5m) | — | — | — | |
| Changes In Cash | — | — | — | — | — | — | $33.8m | $246.2m | ($394.1m) | $109.4m | |
| End Cash Position | — | — | — | — | — | — | $179.9m | $429.4m | $38.9m | $146.5m | |
| Financing Cash Flow | — | — | — | — | — | — | ($62.9m) | ($1.5b) | ($173.0m) | $1.3b | |
| Free Cash Flow | — | — | — | — | — | — | ($284.7m) | $498.7m | ($663.5m) | ($587.8m) | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | $0 | $0 | ($19.7m) | $0 | |
| Interest Received CFO | — | — | — | — | — | — | $11.4m | $50.6m | $17.1m | $6.4m | |
| Investing Cash Flow | — | — | — | — | — | — | ($158.8m) | $869.7m | ($679.2m) | ($1.6b) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | $0 | ($1.2b) | ($1.1b) | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | ($16.6m) | ($60k) | $459k | ($643k) | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($166.9m) | $868.0m | $598.9m | ($520.0m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($113.5m) | ($371.5m) | ($655.6m) | ($191.7m) | |
| Other Non Cash Items | — | — | — | — | — | — | $105.9m | $104.7m | $130.7m | $406.9m | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | ($262k) | ($295k) | ($325k) | ($274k) | |
| Purchase Of Business | — | — | — | — | — | — | $0 | $0 | ($1.2b) | ($1.1b) | |
| Purchase Of Intangibles | — | — | — | — | — | — | ($16.6m) | ($60k) | ($1.5m) | ($1.5m) | |
| Purchase Of PPE | — | $177.9m | $238.1m | $40.6m | $40.6m | $40.6m | ($523.7m) | ($338.6m) | ($1.1b) | ($1.0b) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | — | $0 | ($126.9m) | $0 | |
| Sale Of Business | — | — | — | — | — | — | $0 | $0 | $822k | $0 | |
| Sale Of Intangibles | — | — | — | — | — | — | $0 | $0 | $2.0m | $860k | |
| Sale Of PPE | — | — | — | — | — | — | $356.7m | $1.2b | $1.7b | $509.8m | |
| Profit or Loss | $204.0m | $1.4m | ($110.1m) | $112.2m | $473.2m | ($338.8m) | $203.3m | $858.0m | $870.8m | — | |
| Capital Expenditure | — | — | — | — | — | — | ($540.2m) | ($338.7m) | ($1.1b) | ($1.0b) | |
| Net Other Investing Changes | — | — | — | — | — | — | $24.7m | $1.7m | ($82.8m) | ($2.1m) | |
| Cash flows from financing activities: | |||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $1.3b | $2.7b | $2.7b | $6.5b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $1.3b | $2.7b | $2.7b | $6.5b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($33.9m) | ($815.8m) | $1.1b | $1.5b | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $245.4m | ($357.5m) | $1.5b | $1.7b | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | ($279.3m) | ($458.3m) | ($357.2m) | ($221.3m) | |
| Long Term Debt Payments | — | — | — | — | — | — | ($1.0b) | ($3.1b) | ($1.3b) | ($4.7b) | |
| Repayment Of Debt | — | — | — | — | — | — | ($1.3b) | ($3.5b) | ($1.6b) | ($5.0b) | |
| Short Term Debt Payments | — | — | — | — | — | — | ($279.3m) | ($458.3m) | ($357.2m) | ($221.3m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | $1.1m | $0 | ($126.9m) | $0 | |
| Common Stock Payments | — | — | — | — | — | — | — | $0 | ($126.9m) | $0 | |
| Dividends paid | $217 | $44 | $23 | $26 | $352 | $24 | $24 | $646 | $1k | — | |
| Dividends Paid Classified As Financing Activities | $217 | $44 | $23 | $26 | $352 | $24 | $24 | $631 | $1k | — | |
| Dividends Paid Ordinary Shares Per Share | — | — | — | — | — | — | — | $6.64 | — | — | |
| Dividends from other investments (Note 26) | — | — | — | — | — | — | $3.0m | $0 | $1.1m | $9.9m | |
| Dividends paid (Note 15) | ($217) | ($44) | ($23) | ($26) | ($352) | ($24) | ($24) | ($631) | ($1k) | ($20) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($24.2m) | ($630.5m) | ($1.1b) | ($20.2m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($24.2m) | ($630.5m) | ($1.1b) | ($20.2m) | |
| Dividend Received CFO | — | — | — | — | — | $4.6m | $3.0m | $0 | $1.1m | — | |
| Dividends Received CFI | — | — | — | — | — | — | — | $0 | $1.1m | $9.9m | |
| Net Other Financing Charges | — | — | — | — | — | — | ($5.9m) | ($14.5m) | ($19.2m) | ($211.5m) | |
| Effect of changes in exchange rates | ($1.4m) | $882k | ($1.2m) | ($733k) | $11.5m | ($4.3m) | ($6.4m) | $3.3m | $3.6m | ($1.8m) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($6.4m) | $3.3m | $3.6m | ($1.8m) | |
| Net increase (decrease) in cash and cash equivalents | $76.4m | ($63.9m) | $30.7m | $124.6m | ($147.0m) | ($4.7m) | $33.8m | $246.2m | ($394.1m) | $109.4m | |
| Net cash and cash equivalents at the beginning of the period (Note 14) | $206.7m | $143.6m | $173.1m | $297.0m | $161.5m | $152.5m | $179.9m | $429.4m | $38.9m | $146.5m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $33.8m | $246.2m | ($394.1m) | $109.4m | |
| Interest Paid Classified As Operating Activities | $33.4m | $39.6m | $67.2m | $98.9m | $56.1m | $61.0m | $99.7m | $130.4m | $109.1m | ($323.1m) | |
| Income Taxes Paid Refund Classified As Operating Activities | $100k | ($11k) | $67k | $993k | ($78k) | ($12k) | ($2.8m) | $6.7m | $4.5m | ($4.7m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.