NORDEN Sees Strong Q3 Performance with $26 Million Profit

Author: Evelyn Baker Updated: 10-30-2025 03:27 AM

NORDEN's Impressive Financial Results for Q3

NORDEN recently announced a strong net profit of USD 26 million in the third quarter of 2025, a testament to its effective management and strategic actions. This performance is largely attributed to successful asset management, which has seen robust earnings and significant vessel transactions.

Group Performance Overview

In the first nine months of 2025, the Group reported a total net profit of USD 111 million. This figure includes USD 43 million from operating earnings and an impressive USD 68 million from sales gains. Such financial outcomes illustrate NORDEN's resilient business model, particularly in fluctuating markets.

Strengthening Asset Value

NORDEN benefited from increased forward rates and improved asset values, which lifted their net asset value (NAV) to DKK 362 per share. This anticipated growth showcases the company's potential in an upward market. In alignment with its strategy to capitalize on high portfolio values, NORDEN sold 22 vessels during this period. Of these, 15 were sold due to declared purchase options, demonstrating strong market demand.

Guidance and Future Expectations

The company has maintained its full-year guidance, projecting a net profit of USD 100-140 million. This expectation has increased from the previous forecast of USD 70-130 million, reflecting stronger operational performance and market conditions. Notably, the anticipated sales gain from vessels rose to USD 73 million, up from USD 70 million.

CEO Insights on Financial Performance

NORDEN's CEO, Jan Rindbo, expressed confidence in the company's direction, stating that the quarterly asset value growth significantly contributes to their NAV. He reaffirmed that the company's operational performance has surpassed expectations, prompting an increase in full-year profit guidance.

Dividend and Shareholder Returns

In commitment to returning value to its shareholders, NORDEN proposed a distribution of USD 20 million through a dividend of DKK 2 per share, along with a new share buy-back program totaling USD 10 million. This dividend reflects 77% of the quarterly net profit, highlighting the company's dedication to shareholder interests.

Future Payments and Shareholder Information

The dividend will be processed through VP Securities based on registered shareholdings as of November 3, 2025. NORDEN shares will trade cum interim dividend until the trading day on October 30, 2025, allowing shareholders to benefit from this significant payout earlier.

For Further Queries

For questions or more insights about NORDEN’s performance and future strategies, shareholders and potential investors can reach out to Therese Möllevinge, Head of Investor Relations, via telephone or email. Contact information is: +45 41 37 16 38, email: thm@norden.com.

Frequently Asked Questions

What was NORDEN’s net profit in Q3 2025?

NORDEN reported a net profit of USD 26 million in Q3 2025.

How much was the group’s profit for the first nine months of 2025?

The group achieved a net profit of USD 111 million in the first nine months of 2025.

What is NORDEN's projected net profit for the full year?

NORDEN expects a net profit in the range of USD 100-140 million for the full year.

How many vessels has NORDEN sold this fiscal year?

NORDEN sold 22 vessels in the first nine months of 2025.

What dividend is NORDEN proposing for its shareholders?

NORDEN proposes a USD 20 million distribution, corresponding to a dividend of DKK 2 per share.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

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