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Ocean Yield (OCY) investor relations material

Ocean Yield Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary19 Nov, 2025

Executive summary

  • Q3 2025 delivered strong financial results with adjusted EBITDA of USD 112.9 million and net profit of USD 28.0 million, supported by robust liquidity and a 30.0% equity ratio.

  • Portfolio consists of 74 vessels, all on long-term charters, with an average vessel age just under five years.

  • Acquisition of CapeOmega Gas Transportation AS with KKR, adding ten LNG carriers on long-term charters to investment-grade counterparties.

  • Minority investment closed in CapeOmega LNG portfolio, expanding exposure to long-term LNG charters.

  • Declared a USD 100 million dividend for Q3 2025.

Financial highlights

  • Total revenues and other income for Q3 2025 were USD 71.3 million, up from USD 62.7 million in Q2 2025.

  • Adjusted EBITDA reached USD 112.9 million, the highest in company history, up from USD 101.1 million in Q2 2025.

  • Net profit for Q3 2025 was USD 28.0 million, compared to USD 22.9 million in Q2 2025.

  • Available liquidity increased to USD 191.5 million at quarter end.

  • Book equity increased to USD 840.7 million, driven by retained earnings and new equity.

Outlook and guidance

  • EBITDA charter backlog at quarter end was USD 4.3 billion, with an average remaining contract duration of 9.9 years.

  • The company remains well positioned for long-term growth, supported by a substantial charter backlog and strong liquidity.

  • Low portfolio risk, robust balance sheet, and strong liquidity position the company for selective growth.

  • No specific dividend guidance for next year, but capital allocation policy prioritizes a strong balance sheet, accretive growth, and prudent dividends.

  • Increased focus on developing partnerships and strategic investments with industry leaders.

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Frequently asked questions

Ocean Yield operates in the fixed charter vessels sector. The company owns vessels. Furthermore, it has a number of vessels under construction for long-term charters. Ocean Yield was established in March 2012 and was listed on the Oslo Stock Exchange in July 2013.

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