Ocean Yield (OCY) investor relations material

Executive summary

• Reported strong Q1 2026 financial results with adjusted EBITDA of USD 82.3 million and net profit of USD 21.9 million, supported by a robust balance sheet and increased LNG carrier investments.

• Declared a USD 100 million dividend for Q1 2026 and completed significant refinancing activities, including a new NOK 1,251 million senior unsecured bond.

• Expanded LNG fleet to 73 vessels, including four additional carriers in the NYK JV, all on long-term charters to Cheniere.

• High earnings visibility with an EBITDA backlog of USD 5.0 billion and an average contract duration of 11 years.

• Available liquidity at quarter end was USD 268.2 million, with an equity ratio of 31.7%.

Financial highlights

• Total revenues and other income for Q1 2026 were USD 53.6 million, down from USD 60.5 million in Q4 2025, mainly due to vessel sales.

• Adjusted EBITDA was USD 82.3 million, down from USD 95.3 million in Q4 2025.

• Net profit for Q1 2026 was USD 21.9 million, slightly up from USD 21.5 million in Q4 2025.

• Book equity increased to USD 779.4 million, and the equity ratio improved to 31.7%.

• Available liquidity stood at USD 268.2 million at quarter end.

Outlook and guidance

• EBITDA charter backlog reached USD 5.0 billion, with an average contract duration of 11 years and 56% chartered to investment grade-rated counterparties.

• Ongoing geopolitical uncertainty in the Middle East is not expected to impact the portfolio in the short term.

• Company remains focused on risk-reward, selective portfolio growth, and developing partnerships with industry leaders.

• No change in dividend policy; the recent USD 100 million dividend is a timing issue, not a policy shift.