CMB.TECH saw improved revenue and EBITDA in Q3 2025, but net income and EPS declined significantly compared to the same quarter last year due to higher expenses and lower asset sales.

CMB.TECH delivered $387.8 million in revenue during Q2 2025 but reported a net loss of $7.6 million. Gains from vessel sales partially offset substantial operating and finance expenses. EBITDA came in at $224.1 million. The merger with Golden Ocean significantly increased the company's fleet and contract backlog.