Odfjell Group

Earnings Release • Nov 5, 2025

Odfjell SE 3Q25: A robust financial result in line with the previous quarter

Odfjell SE 3Q25: A robust financial result in line with the previous quarter

Odfjell SE today reported its results for the third quarter of 2025. The

report shows another robust financial performance, in line with the previous

quarter. Volumes were slightly up in an uncertain market that continues to be

affected by geopolitical volatility.

Highlights -- 3Q25

* Odfjell's strong safety performance continued, with high operational

efficiency and no significant incidents during the quarter.

* Total volumes were slightly up. COA volumes increased, accounting for 56%,

while spot rates saw a minor decline during the quarter.

* Time charter earnings ended at USD 173 million, compared to USD 174 million

in 2Q25. TCE/day for the quarter was USD 28,174, down from USD 30,306 in the

previous quarter.

* EBIT of USD 59 million, in line with 2Q25.

* Quarterly net result of USD 43 million. Net result adjusted for one-off

items at USD 42 million compared to USD 42 million in 2Q25.

* Net result contribution from Odfjell Terminals of USD 2.6 million vs. USD

1.9 million in 2Q25.

* The 3Q25 carbon intensity (AER) for Odfjell's controlled fleet remained at

6.8, equal to the record low achievement of the previous quarter.

"In the third quarter, Odfjell delivered another resilient financial result,

surpassing the two previous quarters. This demonstrates the robustness of our

business model as we navigate through an uncertain market that continues to be

affected by geopolitical volatility. We expect the 4Q25 financial results to

be in line with 3Q25," said CEO Harald Fotland.

Please see attached for the 3Q25 report and presentation. Tomorrow, Thursday,

November 6, at 09:00 CET, Odfjell SE will present the results in a live

webcast, followed by a Q&A session. Watch the presentation at

https://www.odfjell.com/investor/webcast. The presentation will be held in

English.

Contact

Investor Relations:

Nils Jørgen Selvik, VP Finance & IR

Tel: +47 920 39 718

E-mail: nils.jorgen.selvik@odfjell.com

About Us

The Odfjell Group is one of the leading players in the global market for

seaborne transportation and storage of chemicals and other specialty bulk

liquids. The Odfjell fleet comprises of approx. 70 ships, which trade both

globally and regionally. The tank terminal division comprises four tank

terminals, strategically located at select international shipping hubs. The

Odfjell Group's headquarters are in Bergen, Norway, and the Group has offices

in 12 locations around the world. Odfjell employs around 2300 staff and posted

annual gross revenue of USD 1249 million in 2024. Read more on

www.odfjell.com.

This information is subject to disclosure under the Norwegian Securities

Trading Act, §5-12. The information was submitted for publication at

2025-11-05 20:00 CET.