WAWI: Wallenius Wilhelmsen pays high dividends in a strong market

Wallenius Wilhelmsen reported an adjusted EBITDA of USD 361m in the second
quarter. "We maintain our 2026 outlook and continue to deliver on our financial
targets with a dividend of USD 258 million for H1 2026, representing 82% of net
profit," says Lasse Kristoffersen, President and CEO of Wallenius Wilhelmsen. 

"We are happy to deliver a solid quarter in line with expectations, despite
higher bunker costs. Shipping continues to experience full utilization out of
Asia and Logistics starts to see good effects of the improvement program," says
Kristoffersen.  

Total revenues for Q2 were USD 1,305m, up 4% QoQ due to increased revenues for
Shipping services. The adjusted EBITDA of USD 361m is down 7% QoQ, due to higher
bunker prices following the conflict in the Middle East. The higher bunker
prices will be recovered over time through the company's BAF clauses. Net profit
for Q2 totaled USD 138m, down 22% QoQ. 

Wallenius Wilhelmsen will pay a total dividend of USD 0.61 per share for H1-26,
based on 50% of net profit, plus an extraordinary dividend of USD 100m.

Strong underlying market dynamics and outlook
Continued strong demand from Asia resulted in full fleet utilization during the
quarter, and RoRo demand remains well above available capacity.

"We are effectively sold out and need to make tough customer prioritizations out
of Asia. The market remains very tight, in particular in shipping, and we
secured improved rates for both new Shipping and Logistics business in the
quarter," said Kristoffersen, adding;
"We are very pleased to see how our ability to support customers end-to-end
creates unique value for both existing and new OEMs. Effective and resilient
supply chains are today at the top of their agenda."

Logistics services record best quarter since Covid  
Operational improvements in Logistics services are delivering results following
dedicated initiatives. 
These efforts enabled us to deliver an adjusted EBITDA of USD 46m, up 8% QoQ.
That marks the best quarter for Logistics services since before Covid (after
adjusting for MIRRAT).

Q2 highlights: 
o Continued strong and growing shipping demand from Asia resulted in full
utilization of fleet and increasing freight and charter rates
o Adjusted EBITDA for Q2 2026 ended at USD 361m, down 7% QoQ, reflecting higher
bunker expenses in Shipping services
o Continued positive development for Logistics services due to operational
improvement program
o Maintained outlook for 2026 with adjusted EBITDA of about USD 1.6bn
o Resolved to pay a total dividend of USD 0.61 per share for H1-26, based on 50%
of the net profit combined with an extraordinary dividend of USD 100m

For further information, please contact: 
Anders Redigh Karlsen - VP Global IR & Market Insight 
Tel: +47 994 20 293 
Email: anders.karlsen@walwil.com 

Idha Toft Valeur - External Communication Specialist 
Tel: +47 406 05 210 
Email: idha.valeur@walwil.com  

About Wallenius Wilhelmsen
Wallenius Wilhelmsen group is a market leader in roll-on/roll-off (RoRo)
shipping and vehicle logistics, managing the distribution of cars, trucks,
rolling equipment and breakbulk to customers worldwide. The company operates
around 127 vessels servicing 15 trade routes to six continents, a global inland
distribution network, 70 processing centers and eight marine terminals.
Headquartered in Oslo, Norway, Wallenius Wilhelmsen operate in 28 countries and
employ around 12,000 people (including seafarers). Read more at:
walleniuswilhelmsen.com
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employ around 12\,000 people (including seafarers). Read more at:\
walleniuswilhelmsen.com\