Orient Overseas (International) (0316) investor relations material

Executive summary

• Operations remained resilient with solid profitability despite market volatility, cost pressures, and geopolitical tensions.

• Dual-pathway green fleet strategy (methanol and LNG) advanced, including delivery of the world's largest green methanol dual fuel vessel and new LNG vessel orders.

• Total liftings rose 5.2% and liner revenue increased 5.5% year-over-year, marking the highest ever first-half liftings and revenue outside the pandemic period.

• Digitalization and supply chain management capabilities were enhanced.

• Dividend remains highly attractive, with an interim dividend of US$0.55 per share declared.

Financial highlights

• Net profit for H1 2026 was US$729.3M, down from US$955.1M in H1 2025.

• Revenue for H1 2026 was US$5,173.3M, up from US$4,876.3M in H1 2025.

• Core business EBIT margin declined to 14.1% from 20.1% year-over-year.

• Earnings per share for H1 2026 was US$1.10, compared to US$1.44 in H1 2025.

• Operating cash flow was US$818.6M, down from US$1,124.8M in H1 2025.

Outlook and guidance

• Market volatility and uncertainty are expected to persist due to geopolitical risks, new vessel deliveries, and evolving trade/tariff policies.

• Freight rates may come under pressure as the peak season ends, but demand is expected to remain resilient.

• The Group will focus on cost control, digital and green transformation, and network optimisation.

• Continued newbuild deliveries and Red Sea route concerns add to market uncertainty.

• Opportunities exist amid challenges, with a reshaped market landscape and differentiated regional development.