CMB.TECH NV (CMBT)
Cmb.Tech N.V., a subsidiary of CMB NV, specializes in marine transportation. Established in 2003 and headquartered in Antwerp, Belgium, the company, formerly known as Euronav NV, adopted its current name in October 2024. Its operations are structured into three primary divisions. The Marine division oversees the ownership and operation of a diverse fleet, including crude oil tankers, bulk carriers, container ships, chemical carriers, offshore wind supply vessels, tugboats, and ferries; this fleet consists of 88 conventionally-fueled vessels and an additional 64 vessels. The H2 Infra division is dedicated to developing and sourcing green molecule supplies, alongside the production and distribution of green hydrogen and ammonia fuels. Completing its portfolio, the H2 Industry division provides adaptable dual-fuel solutions for various industrial applications.
Sector: Deep Sea Foreign Transportation of Freight
Industry: Marine Shipping
Cmb.Tech N.V.
NYSE:CMBTIndustrials · Marine Shipping
+2.10%$18.46
AH Close$18.46+0.00%vs close
AH Close$18.46+0.00%vs close
Mkt Cap$5.36B
Float21.26M
O/S290.17M
Inst Own15.7%
SI7.2%
Div Yield8.07%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$1.67B
Net Income$160.7M
Total Assets$8.41B
Free Cash Flow-$628.34M
Debt & Equity
Debt 68%
Equity 32%
Total Debt$5.57B
Total Equity$2.62B
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in CMBT's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$8.41B
Liabilities$5.78B
Accounts Receivable$324.27M
Accounts Payable$208.87M
Inventory$77.18M
PP&E (Net)$7.09B
Goodwill$177.03M
Intangible Assets$12.71M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Revenue | $1.67B | $940.25M | $1.24B | $870.34M | $403.67M | $1.3B | $935.09M | $581.41M | $546.53M | $652.44M |
| YoY Growth | 77.2% | -23.9% | 41.9% | 115.6% | -68.9% | 38.9% | 60.8% | 6.4% | -16.2% | - |
| Cost of Revenue | $1.18B | $377.83M | $598.66M | $631.01M | $667.63M | $720.76M | $696.8M | $609.5M | $504.1M | $443.6M |
| Gross Profit | $482.16M | $562.42M | $636.46M | $239.33M | -$263.96M | $578.32M | $238.29M | -$28.09M | $42.44M | $208.84M |
| Gross Margin | 28.9% | 59.8% | 51.5% | 27.5% | -65.4% | 44.5% | 25.5% | -4.8% | 7.8% | 32.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $139.75M | $75.89M | $59.24M | $48.49M | $28.17M | $36.77M | $66.22M | $59.92M | $44.96M | $42.56M |
| Other | -$27.53M | -$515.92M | -$392.47M | -$4.16M | $3M | $3.3M | -$868K | -$4.26M | -$4.91M | -$575K |
| Total Operating Expenses | $112.22M | -$440.04M | -$333.23M | $52.65M | $31.16M | $40.07M | $67.08M | $64.18M | $49.87M | $41.99M |
| Operating Income (EBIT) | $369.94M | $1B | $969.69M | $186.68M | -$295.12M | $538.25M | $171.2M | -$92.27M | -$7.43M | $166.85M |
| Operating Margin | 22.2% | 106.6% | 78.5% | 21.4% | -73.1% | 41.4% | 18.3% | -15.9% | -1.4% | 25.6% |
| Interest Expense | $378.82M | $145.84M | $132.9M | $94.28M | $71.74M | $79.26M | $96.94M | $72.44M | $47.07M | $41.56M |
| Interest Income | $6.54M | $15.19M | $32.86M | $7.19M | $1.82M | $3.96M | $6.55M | $3.98M | $697K | $207K |
| Other Income (Expense) | -$220.61M | -$129.73M | -$105.66M | -$102.41M | -$66.71M | -$59.14M | -$58.37M | -$29.73M | -$22.62M | -$3.47M |
| Income Before Tax (EBT) | $149.33M | $872.72M | $864.04M | $191.86M | -$348.29M | $498.3M | $112.83M | -$122M | -$32M | $155.78M |
| Income Tax Expense | $10.19M | $1.89M | $6.01M | $2.86M | -$411K | $2.09M | $604K | $231K | -$1.45M | -$166K |
| Net Income | $160.7M | $870.83M | $858.03M | $203.25M | -$325.78M | $473.24M | $112.56M | -$106.66M | $1.47M | $194.56M |
| Net Income Margin | 9.6% | 92.6% | 69.5% | 23.4% | -80.7% | 36.4% | 12.0% | -18.3% | 0.3% | 29.8% |
| Supplementary Data | ||||||||||
| EPS | 0.73 | 4.44 | 4.25 | 1.03 | -1.62 | 2.42 | 0.52 | -0.56 | 0.01 | 1.23 |
| Diluted EPS | 0.73 | 4.44 | 4.25 | 1.02 | -1.62 | 2.42 | 0.52 | -0.56 | 0.01 | 1.23 |
| Weighted Average OS | 229.44M | 196.04M | 201.90M | 201.75M | 201.68M | 210.19M | 216.03M | 191.99M | 158.17M | 158.26M |
| EBITDA | $916.12M | $535.31M | $1.22B | $512.82M | $55.22M | $920.76M | $524.19M | $212.73M | $259.79M | $384.02M |
| EBITDA Margin | 55.0% | 56.9% | 99.0% | 58.9% | 13.7% | 70.9% | 56.1% | 36.6% | 47.5% | 58.9% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Assets | ||||||||||
| Current Assets | ||||||||||
| Cash and Cash Equivalents | $146.54M | $38.87M | $429.37M | $180.43M | $152.45M | $161.48M | $296.95M | $173.13M | $143.65M | $206.69M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $146.54M | $38.87M | $429.37M | $180.43M | $152.45M | $161.48M | $296.95M | $173.13M | $143.65M | $206.69M |
| Accounts Receivable | $324.27M | $192.8M | $287.86M | $346.02M | $214.6M | $192.65M | $287.52M | $264.13M | $112.19M | $145.55M |
| Inventory | $77.18M | $26.5M | $0 | $41.76M | $69M | $75.78M | $183.38M | $0 | $0 | $0 |
| Other Current Assets | $0 | $169.57M | $920.38M | $0 | $0 | $0 | $12.7M | $42M | $24.8M | $0 |
| Total Current Assets | $547.98M | $470.82M | $1.63B | $568.22M | $435.95M | $429.92M | $780.56M | $475.97M | $255.84M | $352.24M |
| Long-Term Assets | ||||||||||
| Property, Plant & Equipment Net | $7.09B | $3.27B | $1.77B | $3.32B | $3.18B | $3.13B | $3.24B | $3.52B | $2.34B | $2.47B |
| Goodwill | $177.03M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $12.71M | $16.19M | $14.19M | $15.75M | $186K | $161K | $39K | $105K | $72K | $156K |
| Long-Term Investments | $209.97M | $61.81M | $519K | $36.35M | $128.02M | $106.76M | $121.4M | $85.14M | $190.95M | $202.33M |
| Deferred Tax Assets | $2.85M | $16.64M | $280K | $1.41M | $1.55M | $1.36M | $2.71M | $2.25M | $2.49M | $964K |
| Other Long-Term Assets | $364.19M | $76.73M | $2.89M | $40.59M | $23.23M | $21.95M | $21.69M | $41.87M | $24.8M | $21.15M |
| Total Long-Term Assets | $7.86B | $3.44B | $1.79B | $3.41B | $3.33B | $3.26B | $3.38B | $3.65B | $2.56B | $2.69B |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Assets | $8.41B | $3.91B | $3.42B | $3.98B | $3.77B | $3.69B | $4.16B | $4.13B | $2.81B | $3.05B |
| Liabilities | ||||||||||
| Current Liabilities | ||||||||||
| Accounts Payable | $208.87M | $22.3M | $42.03M | $24.7M | $26.01M | $27.23M | $22.74M | $16.27M | $19.27M | $18.11M |
| Short-Term Debt | $842.71M | $301.39M | $262.15M | $134.79M | $214.2M | $71.84M | $221.2M | $198.88M | $97.37M | $119.12M |
| Current Income Tax Payable | $0 | $9.1M | $4.76M | $5.94M | $366K | $629K | $49K | $41K | $11K | $0 |
| Current Unearned Revenue | $0 | $27.36M | $17.34M | $17.59M | $7.54M | $13.14M | $17.78M | $7.75M | $10.02M | $13.75M |
| Other Current Liabilities | $0 | $27.77M | $338K | $295K | $104K | $227K | $50.96M | $977K | $3K | $117K |
| Total Current Liabilities | $1.06B | $392.66M | $424.75M | $255.05M | $320.87M | $203.59M | $316.05M | $287.12M | $158.74M | $189.09M |
| Long-Term Liabilities | ||||||||||
| Long-Term Debt | $4.72B | $2.32B | $631.7M | $1.53B | $1.46B | $1.13B | $1.48B | $1.57B | $801.35M | $966.44M |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $503K | $508K | $414K | $402K | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $485K | $438K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | -$2.17M | $1.06M | $2.09M | $6.97M | $10.71M | $15.53M | $12.87M | $9.67M | $4.52M | $3.42M |
| Total Long-Term Liabilities | $4.72B | $2.33B | $637.15M | $1.55B | $1.49B | $1.17B | $1.54B | $1.58B | $805.87M | $969.86M |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $5.78B | $2.72B | $1.06B | $1.8B | $1.81B | $1.38B | $1.85B | $1.87B | $964.61M | $1.16B |
| Stockholders' Equity | ||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $343.46M | $239.15M | $239.15M | $239.82M | $239.03M | $239.15M | $239.15M | $239.15M | $173.05M | $173.05M |
| Retained Earnings | $738.28M | $777.1M | $807.25M | $387.06M | $180.05M | $540.71M | $420.06M | $335.76M | $473.62M | $515.66M |
| Comprehensive Income & Other | $9.59M | $100K | $1.38M | $33.12M | $2.85M | -$6.52M | -$4.28M | -$2.29M | $568K | $120K |
| Other Stockholders' Equity | $1.54B | $176.08M | $1.31B | $1.55B | $1.54B | $1.53B | $1.65B | $1.69B | $1.2B | $1.2B |
| Total Equity | $2.62B | $1.19B | $2.36B | $2.18B | $1.96B | $2.31B | $2.31B | $2.26B | $1.85B | $1.89B |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $8.41B | $3.91B | $3.42B | $3.98B | $3.77B | $3.69B | $4.16B | $4.13B | $2.81B | $3.05B |
| Supplementary Data | ||||||||||
| Total Debt | $5.57B | $2.62B | $930.71M | $1.7B | $1.71B | $1.27B | $1.74B | $1.77B | $898.72M | $1.09B |
| Net Debt | $5.42B | $2.58B | $501.34M | $1.52B | $1.56B | $1.11B | $1.45B | $1.6B | $755.07M | $878.87M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 |
| Operating Activities | ||||||||||
| Net Income | $167.24M | $833.42M | $875.98M | $206.98M | -$325.78M | $507.93M | $112.56M | -$106.66M | $1.47M | $194.56M |
| Depreciation & Amortization | $387.97M | $166.03M | $225.67M | $226.68M | $331.76M | $343.19M | $338.68M | $262.3M | $244.72M | $217.17M |
| Deferred Income Tax | $0 | -$3.97M | $1.15M | $1.14M | -$189K | $1.47M | -$465K | $196K | $0 | -$109K |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||
| Accounts Receivable | $52.98M | $102.07M | $42.79M | -$115.15M | -$20.91M | $101.61M | -$21.72M | -$104.51M | $36.95M | $33.52M |
| Inventory | -$29.64M | $4.97M | $19.53M | $27.89M | $6.49M | $115.49M | -$161.59M | $0 | $0 | $0 |
| Accounts Payable | $36.1M | -$14.23M | $17.7M | -$1.34M | -$1.17M | $4.82M | $6.49M | -$7.93M | $1.24M | -$6.5M |
| Other Working Capital | -$51.88M | -$55.2M | $28.08M | $4.36M | -$4.12M | -$28.11M | $10.92M | $1.43M | -$14.63M | $9.58M |
| Total Working Capital Change | $7.56M | $37.62M | $108.1M | -$84.24M | -$19.72M | $193.81M | -$165.9M | -$111.01M | $23.56M | $36.6M |
| Other Non-Cash Items | -$119.38M | -$593.75M | -$355.99M | -$90.32M | -$10.41M | -$5.53M | -$12.09M | -$44.04M | -$44.76M | -$30.5M |
| Net Cash from Operating | $443.38M | $439.34M | $854.9M | $260.24M | -$24.33M | $1.04B | $272.78M | $783K | $225M | $417.72M |
| Investing Activities | ||||||||||
| Capital Expenditures | -$1.07B | -$1.07B | -$345.75M | -$550.15M | -$397.46M | -$241.94M | -$8.08M | -$230.68M | -$189.39M | -$326.76M |
| Acquisitions | -$755.7M | $542.7M | $1.23B | $363.27M | $53.7M | $85.95M | $82.5M | $284.89M | $103.14M | $209.77M |
| Purchases of Investments | $0 | -$123.86M | $0 | $0 | $0 | $0 | -$31.81M | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $33.45M | $2.16M | $28.38M | $0 | $129.94M | $0 | $0 |
| Other Investing Activities | $8.95M | $3.44M | $1.74M | -$8.33M | $1.91M | $1.92M | $1.25M | $0 | $43.41M | $21.06M |
| Net Cash from Investing | -$1.82B | -$651.01M | $887.88M | -$161.76M | -$339.7M | -$125.69M | $43.88M | $184.15M | -$42.84M | -$95.94M |
| Financing Activities | ||||||||||
| Debt Repaid | - | - | - | - | - | - | - | - | $203.17M | $36.39M |
| Common Stock Issuance | $0 | $0 | $0 | $1.1M | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock Repurchases | $0 | -$121.46M | $0 | $0 | $0 | -$127.17M | -$31.05M | -$1.61M | $0 | -$5.87M |
| Dividends Paid | -$20.98M | -$1.08B | -$643.74M | -$24.67M | -$23.28M | -$377.85M | -$26.09M | -$21.94M | -$46.98M | -$206.75M |
| Other Financing Activities | -$521.71M | -$84.39M | -$22.4M | -$26M | -$52.82M | -$40.55M | -$30.3M | $0 | $0 | $0 |
| Net Cash from Financing | $1.49B | -$165.54M | -$1.49B | -$64.05M | $359.55M | -$1.07B | -$191.74M | -$155.2M | -$250.16M | -$249.01M |
| Forex Effect | -$6.22M | -$12.95M | -$2.74M | -$6.45M | -$4.55M | $22.32M | -$1.09M | -$248K | $4.96M | $2.26M |
| Net Change in Cash | $107.68M | -$390.16M | $248.58M | $27.98M | -$9.03M | -$135.48M | $123.82M | $29.48M | -$63.04M | $75.03M |
| Supplementary Data | ||||||||||
| Operating Cash Flow | $443.38M | $439.34M | $854.9M | $260.24M | -$24.33M | $1.04B | $272.78M | $783K | $225M | $417.72M |
| Capital Expenditure | -$1.07B | -$1.07B | -$345.69M | -$533.26M | -$397.35M | -$241.7M | -$8.06M | -$230.68M | -$189.38M | -$326.74M |
| Free Cash Flow | -$628.34M | -$632.47M | $509.22M | -$273.02M | -$421.69M | $799.18M | $264.72M | -$229.9M | $35.62M | $90.98M |
| Cash at Beginning | $38.86M | $429.02M | $180.43M | $152.45M | $161.48M | $296.95M | $173.13M | $143.65M | $206.69M | $131.66M |
| Cash at End | $146.54M | $38.86M | $429.02M | $180.43M | $152.45M | $161.48M | $296.95M | $173.13M | $143.65M | $206.69M |