Ocean Yield (OCY) Q2 2026 earnings summary

Executive summary

• Reported stable Q2 2026 performance with adjusted EBITDA of USD 80.5 million and net profit of USD 25.0 million.

• Maintained a robust balance sheet with an equity ratio of 29.7% and available liquidity of USD 281.9 million.

• A.P. Moller Holding agreed to acquire 100% of the company, with closing expected around August 21, 2026; no changes to strategy or management anticipated.

• Delivery of two new LR1 product tankers on long-term charters and sale of two vessels completed.

Financial highlights

• Adjusted EBITDA for Q2 2026 was USD 80.5 million, compared to USD 82.3 million in Q1 2026.

• Net profit for Q2 2026 was USD 25.0 million, up from USD 21.9 million in Q1 2026.

• Revenues and other income were USD 56.3 million, up from USD 53.6 million in Q1 2026.

• Operating profit for Q2 2026 was USD 41.8 million, nearly flat compared to Q1 2026.

• No dividend declared for Q2 2026.

Outlook and guidance

• Long-term stable and predictable cash flows expected due to sector and client diversification.

• EBITDA charter backlog at end of Q2 2026 was USD 4.9 billion, with an average contract duration of 11.1 years.

• Access to capital remains strong in both private and public debt markets.

• No significant changes anticipated in business strategy or operations under new ownership.

• Focus remains on developing partnerships and strategic investments with industry-leading partners.