MPCC Q2 2025 Financial Report
Prenumeration
Beskrivning
| Land | Norge |
|---|---|
| Lista | Oslo Bors |
| Sektor | Tjänster |
| Industri | Shipping & Offshore |
Oslo, Norway, 26 August 2025 - MPC Container Ships ("MPCC" or the "Company", Oslo Børs Ticker: MPCC), today presented its quarterly results for the second quarter of 2025. The Company delivered another quarter with solid operational and financial performance, supported by a strong contract backlog with 100% of open days covered in 2025 and 89% in 2026. The Company continues to divest less efficient vessels and in July ordered four 4,500 TEU newbuilds with delivery from 2H 2027, reinforcing the company’s commitment to build the fleet for the future. Following the new distribution policy a quarterly dividend of USD 0.05 per share is declared, corresponding to 50% of adjusted net profit which is in the high end of the range in the new distribution policy.
Highlights Q2 2025:
- Charter backlog of USD 1.2 billion with full contract coverage for 2025 (100%) and very high coverage for 2026 (89%)
- Quarterly recurring dividend of USD 0.05 per share, which is the 15th declared dividend since February 2022
- Reaffirmed guidance for 2025 of operating revenues in the range of USD 485-500 million and EBITDA in the range of USD 320-335 million
- Continued robust operations with high fleet utilization of 97.6% (Q2 2024: 97.6%) and adj. average TCE of USD 26,247 per day (Q2 2024: USD 26,742)
- Operating revenues of USD 137.9 million (Q2 2024: USD 130.9 million) and EBITDA of USD 107.4 million (Q2 2024: USD 84.4 million). EBITDA adjusted for non-recurring items was USD 80.7 million (Q2 2024: USD 78.0 million)
- Profit for the period was USD 78.1 million (Q2 2024: USD 64.8 million) and USD 48.6 million adj. for non-recurring items (Q2 2024: USD 58.4 million)
- The balance sheet remains solid, with a conservative leverage ratio of 33.6%
- Adj. EPS was USD 0.11 (Q2 2024: USD 0.13)
- As at 30 June 2025, the Group's fleet consisted of 54 vessels, with an aggregate capacity of approximately 133,080 TEU
Co-CEO and CFO Moritz Fuhrmann, comments:
“We are very pleased to report another strong quarter, marked by solid operational performance and high fleet utilization. We are particularly excited about our newbuilding program comprising four state-of-the-art vessels, which will further enhance our fleet and support long-term growth. During the quarter we have also secured USD 100 million in loan facilities as well as a USD 250 million accordion option, providing us with financial flexibility for future growth.
In line with the renewed capital allocation strategy, we are distributing 50% of our adjusted net profit as dividends - at the high end of our communicated range - demonstrating our commitment to shareholder returns. With a growing contract backlog, we are entering the next quarters and years with strong momentum and increased visibility.”
CEO Constantin Baack added:
“Looking ahead, we expect continued volatility and uncertainty driven by geopolitical tensions and shifting global trade policy. While these dynamics pose challenges, they also present compelling opportunities for agile and well-capitalized players. Maintaining strong investment capacity is critical for MPCC, not only to navigate the shifting landscape but to act decisively when attractive opportunities arise. Our disciplined strategy and proven ability to generate value in complex markets position us to capitalize on emerging trends and deliver sustainable growth for our shareholders.”