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.
