CMB.TECH Posts Record Q1 2026 Profit and Expands Contract Backlog

Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks An announcement from Euronav ( (CMBT) ) is now available. CMB.TECH reported unaudited results for the quarter ended 31 March 2026, posting a profit of USD 368.8 million, up sharply from USD 40.4 million a year earlier, with EBITDA rising to USD 558.3 million. Revenue more than doubled to USD 519.6 million, driven by strong spot markets, substantial gains on vessel disposals and a modern fleet that benefits from higher fuel prices. The company’s contract backlog grew to USD 3.26 billion after securing and extending long-term Suezmax charters, and management signalled an intention to distribute USD 0.64 per share. CMB.TECH continued reshaping its fleet with the delivery of seven newbuildings and the sale of older VLCC, Capesize and Suezmax vessels, moves that strengthen the balance sheet and extend exposure to a “Goldilocks” tanker and dry bulk market while locking in earnings through lucrative charters. The most recent analyst rating on (CMBT) stock is a Buy with a EUR15.50 price target. To see the full list of analyst forecasts on Euronav stock, see the CMBT Stock Forecast page. More about Euronav CMB.TECH NV is a Belgian shipping and maritime transport group listed in New York, Brussels and Oslo, operating a modern fleet of tankers, dry bulk carriers and offshore service vessels, including Newcastlemaxes, VLCCs, Suezmaxes and specialised offshore units. The company focuses on leveraging fuel-efficient, “super eco” ships and long-term charter contracts to capitalise on tanker and dry bulk market cycles while expanding its offshore energy activities through its Windcat division. Average Trading Volume: 237,001 Current Market Cap: €3.74B