Earnings Release • Aug 26, 2025
Earnings Release
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MPC Container Ships Reports Q2 2025 Results
Oslo, Norway, 26 August 2025 - MPC Container Ships ("MPCC" or the "Company",
Oslo Børs Ticker: MPCC), today presented its quarterly results for the second
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 and 89% in 2026. The Company continues to divest
less efficient vessels and in July ordered four 4,500 TEU newbuilds with
delivery from 2H 2027, reinforcing the company's commitment to build the fleet
for the future. Following the new distribution policy a quarterly dividend of
USD 0.05 per share is declared, corresponding to 50% of adjusted net profit
which is in the high end of the range in the new distribution policy.
Highlights Q2 2025:
* Charter backlog of USD 1.2 billion with full contract coverage for 2025
(100%) and very high coverage for 2026 (89%)
* Quarterly recurring dividend of USD 0.05 per share, which is the 15th
declared dividend since February 2022
* Reaffirmed guidance for 2025 of operating revenues in the range of USD
485-500 million and EBITDA in the range of USD 320-335 million
* Continued robust operations with high fleet utilization of 97.6% (Q2 2024:
97.6%) and adj. average TCE of USD 26,247 per day (Q2 2024: USD 26,742)
* Operating revenues of USD 137.9 million (Q2 2024: USD 130.9 million) and
EBITDA of USD 107.4 million (Q2 2024: USD 84.4 million). EBITDA adjusted for
non-recurring items was USD 80.7 million (Q2 2024: USD 78.0 million)
* Profit for the period was USD 78.1 million (Q2 2024: USD 64.8 million) and
USD 48.6 million adj. for non-recurring items (Q2 2024: USD 58.4 million)
* The balance sheet remains solid, with a conservative leverage ratio of 33.6%
* Adj. EPS was USD 0.11 (Q2 2024: USD 0.13)
* As at 30 June 2025, the Group's fleet consisted of 54 vessels, with an
aggregate capacity of approximately 133,080 TEU
Co-CEO and CFO Moritz Fuhrmann, comments:
"We are very pleased to report another strong quarter, marked by solid
operational performance and high fleet utilization. We are particularly
excited about our newbuilding program comprising four state-of-the-art
vessels, which will further enhance our fleet and support long-term growth.
During the quarter we have also secured USD 100 million in loan facilities as
well as a USD 250 million accordion option, providing us with financial
flexibility for future growth.
In line with the renewed capital allocation strategy, we are distributing 50%
of our adjusted net profit as dividends - at the high end of our communicated
range - demonstrating our commitment to shareholder returns. With a growing
contract backlog, we are entering the next quarters and years with strong
momentum and increased visibility."
CEO Constantin Baack added:
"Looking ahead, we expect continued volatility and uncertainty driven by
geopolitical tensions and shifting global trade policy. While these dynamics
pose challenges, they also present compelling opportunities for agile and
well-capitalized players. Maintaining strong investment capacity is critical
for MPCC, not only to navigate the shifting landscape but to act decisively
when attractive opportunities arise. Our disciplined strategy and proven
ability to generate value in complex markets position us to capitalize on
emerging trends and deliver sustainable growth for our shareholders."
For more information, contact:
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 at
2025-08-26 07:00 CEST.
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