SECOND QUARTER AND FIRST HALF YEAR RESULTS 2025


18 Aug 2025

Lysaker, 18th August 2025, Ocean Yield AS ("Ocean Yield" or the "Company") announces results for the second quarter and first half year 2025.

HIGHLIGHTS

  • EBITDA for Q2 2025 was USD 57.5 million and Adjusted EBITDA was USD 101.1 million.
  • Net profit for Q2 2025 was USD 22.9 million.
  • Continued robust balance sheet, with an equity ratio of 29.1% and USD 98.7 million in available liquidity.
  • Delivery of two Suezmax vessels with long-term charters to Nordic American Tankers Ltd.
  • Amendment and extension of charter agreements for three Suezmax vessels on long-term charters to Nordic Amer­ican Tankers Ltd.
  • Successfully closed the incremental investment in France LNG Shipping, increasing the Company's economic inter­est in 12 LNG carriers, from 34% to 45%.
  • Delivery of four newbuilding Newcastlemax vessels and one gas carrier, all commencing long-term charters upon delivery.
  • Post quarter end, the Company, together with vehicles controlled by KKR, agreed to acquire CapeOmega Gas Trans­portation AS, a company which has investments in ten LNG carriers operated by Knutsen LNG.
  • The EBITDA charter backlog at the end of Q2 2025 was USD 4.3 billion with an average remaining contract duration of 9.9 years.

Andreas Røde, CEO of Ocean Yield, said in a comment:
"I am pleased to report another strong quarter for Ocean Yield, delivering a net profit of USD 22.9 million. Together with KKR, we announced a significant investment in 10 LNG carriers operated by Knutsen LNG, all secured on long-term charters to investment-grade rated counterparties. Our fleet continues to grow and diversify, and with an EBITDA charter backlog of USD 4.3 billion and an average remaining contract duration of 9.9 years, we are well-positioned for sustained growth and value creation."

DISCLOSURE REGULATION

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

CONTACTS  

  • Andreas Røde, Chief Executive Officer, +47 98 22 85 62
  • Eirik Eide, Chief Financial Officer, +47 950 08 921
  • Karl Fredrik Schjøtt-Pedersen, Senior Vice President, +47 951 32 335 

ABOUT OCEAN YIELD

Ocean Yield AS is a ship owning company with investments in vessels on long-term charters. The company has a significant contract backlog that offers visibility with respect to future earnings.

Files available

Q2 2025 Quarterly Report