MPC Container Ships ASA

Earnings Release • Nov 27, 2025

MPC Container Ships Reports Q3 2025 Results

MPC Container Ships Reports Q3 2025 Results

Oslo, Norway, 27 November 2025 - MPC Container Ships ("MPCC" or the "Company",

Oslo Børs Ticker: MPCC), today presented its quarterly results for the third

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, 92% in 2026 and 55% in 2027. The Company continues

to divest less efficient vessels and have in total divested 10 vessels in 2025

while ordering 10 newbuildings for delivery from 2027. Following the

distribution policy a quarterly dividend of USD 0.05 per share is declared,

corresponding to 50% of adjusted net profit.

Highlights Q3 2025:

* Charter backlog of USD 1.6 billion with full contract coverage for 2025

(100%) and high coverage for 2026 (92%), as well as 2027 (55%)

* Quarterly recurring dividend of USD 0.05 per share

* Increased guidance for 2025 of operating revenues in the range of USD

500-510 million and EBITDA in the range of USD 330-340 million

* Continued robust operations with high fleet utilization of 97.6% (Q3 2024:

97.3%) and adj. average TCE of USD 26,523 per day (Q3 2024: USD 26,334)

* Operating revenues of USD 125.9 million (Q3 2024: USD 132.5 million) and

EBITDA of USD 83.5 million (Q3 2024: USD 84.8 million). EBITDA adjusted for

non-recurring items was USD 74.9 million (Q3 2024: USD 78.8 million)

* The balance sheet remains solid, with 28 debt-free vessels and a leverage

ratio of 34.6%

* Secured 11 new ~2-year charter contracts with top-tier liner companies,

adding USD 110m in revenue backlog

* The Group's fleet consisted of 51 vessels, with an aggregate capacity of

approximately 130,000 TEU. Additionally, the Group has 11 newbuildings on

order, bringing the total capacity to approximately 170,000 TEU

Co-CEO and CFO Moritz Fuhrmann, comments:

"MPCC's performance in the third quarter demonstrates continued value

creation, highlighting our ability to take great advantage of the market

conditions, seize opportunities and execute effectively. We are particularly

excited about our newbuilding program comprising state-of-the-art vessels,

which will further enhance our fleet and support long-term growth.

We remain focused on what we can control and have proactively increased the

charter backlog enabling good visibility in the years to come. Through

strategic fleet modernization - balancing divestments and newbuildings,

disciplined capital allocation, and securing forward fixtures - we demonstrate

our commitment to delivering long-term shareholder value."

CEO Constantin Baack added:

"Amid heightened market noise and uncertainty, MPCC remains firmly positioned

in the resilient small and mid-sized containership segments. Our flexible

balance sheet and disciplined capital approach enable us to navigate

volatility while building strong partnerships that enhance long-term value

creation. Our execution capabilities and proven track record of delivering

results across cycles, gives MPCC confidence to continue our course to

generating attractive shareholder returns regardless of market conditions."

For more information, contact:

ir@mpc-container.com

About MPC Container Ships:

MPC Container Ships ASA (ticker code "MPCC") is a leading container tonnage

provider focusing on small to mid-size container ships. Its main activity is

to own and operate a portfolio of container ships serving intra-regional trade

lanes on fixed-rate charters. The Company is registered and has its business

office in Oslo, Norway. For more information, please visit

www.mpc-container.com.

Forward-looking statements:

This announcement includes forward-looking statements. Such statements are

generally not historical in nature, and specifically include statements about

the Company's plans, strategies, business prospects, changes and trends in its

business, the markets in which it operates and its restructuring efforts.

These statements are made based upon management's current plans, expectations,

assumptions and beliefs concerning future events impacting the Company and

therefore involve a number of risks, uncertainties and assumptions that could

cause actual results to differ materially from those expressed or implied in

the forward-looking statements, which speak only as of the date of this news

release. Consequently, no forward-looking statement can be guaranteed. When

considering these forward-looking statements, you should keep in mind the

risks described from time to time in the Company's regulatory filings and

periodical reporting. The Company undertakes no obligation to update any

forward-looking statements to reflect events or circumstances after the date

on which such statement is made or to reflect the occurrence of unanticipated

events. New factors emerge from time to time, and it is not possible for the

Company to predict all of these factors. Further, the Company cannot assess

the impact of each such factor on its business or the extent to which any

factor, or combination of factors, may cause actual results to be materially

different from those contained in any forward-looking statement.

This information has been submitted pursuant to the Securities Trading Act §

5-12 and MAR Article 17. The information was submitted for publication,

through the agency of the contact persons set out above, at 2025-11-27 07:00

CET.