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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
EXMAR
EXMAR (EXM) investor relations material
EXMAR H1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.H1 2026 earnings summary26 Aug, 2026
Executive summary
Consolidated net profit reached USD 53.4 million for H1 2026, up from USD 44.4 million in H1 2025, driven by strong financial gains and operational resilience despite lower revenue.
Delivered four new MGC vessels, including the world's first oceangoing dual-fuel ammonia engine vessel, ANTWERPEN.
Bought back two VLGCs, generating a USD 25 million financial profit due to favorable exchange rates.
Customer EemsEnergyTerminal made FID for Eemshaven LNG extension; awarded a second FSRU.
Acquired three LNG carriers to support new infrastructure projects.
Financial highlights
Revenue: USD 115.8 million (H1 2026), down from USD 122.4 million (H1 2025).
EBITDA: USD 39.3 million (H1 2026), down from USD 61.0 million (H1 2025).
Operating income (EBIT): USD 26.7 million (H1 2026), down from USD 47.3 million (H1 2025).
Net finance result: USD 21.2 million profit (H1 2026) vs. USD 13.5 million loss (H1 2025).
Earnings per share: USD 0.67 (H1 2026) vs. USD 0.77 (H1 2025).
Outlook and guidance
Medium to long-term outlook remains positive for LPG transportation and ammonia trade, supported by fleet renewal and strong customer relationships.
VLGC rates expected to remain firm through 2026, supported by strong utilization and market inefficiencies.
Infrastructure segment expects continued demand for floating LNG solutions as energy security and decarbonization drive investments.
Infrastructure department is pursuing several new projects, with updates expected soon.
Anticipates competitive LNG pricing and robust demand for floating import and storage infrastructure, especially in Europe.
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Latest events from EXMAR
- Lower earnings in 2025 amid fleet renewal and LNG infrastructure growth, with rising net debt.EXM
H2 2025 - H1 2025 profit dropped to USD 44.4 million, but cash flow and net debt improved.EXMH1 2025
- EBIT and net income rose sharply on strong shipping and asset sales, despite lower revenue.EXMQ3 2024
- H1 2024 profit and EBIT soared on asset sales, robust shipping, and project wins.EXMQ2 2024
- Record earnings and strong cash flow position EXMAR for continued growth in 2025.EXMQ4 2024
Next EXMAR earnings date
H2 202625 Mar, 2027
EXMAR
Next EXMAR earnings date
H2 202625 Mar, 2027
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