Ocean Yield ASA — Q4 2025 Earnings Presentation
12 slides from Ocean Yield ASA's earnings presentation, Feb 26, 2026
Slide 1: Q4 2025 Presentation
Q4 2025 PRESENTATION 26th February 2026
Slide 2: Quarterly Highlights
QUARTERLY HIGHLIGHTS Continued strong financial results – Q4 2025 USD 95.3m USD 21.5m Adj. EBITDA Net profit Continued strong financial results – Full year 2025 USD 400.9m USD 90.8m Adj. EBITDA Net profit Key financials Robust financial position 30.7% USD 138.8m Equity ratio Available liquidity High
Slide 3: Fleet and Backlog Composition
FLEET AND BACKLOG COMPOSITION FLEET COMPOSITION EBITDA BACKLOG1 BY SEGMENT EBITDA BACKLOG1 BY CLIENT LNG 26 Oil service Others Other gas Crude 12 Product & 4% LNG 2% Chemical 6% 2% 21 % Container 10 7% 4% 39% 7% Dry bulk 8 Containers 12% USD 18 4.5bn 9% clients 13 % Product / Chemical 5 15% 9% 13 %
Slide 4: Co-investment with NYK in 4x LNG newbuildings on long-term charters
CO-INVESTMENT WITH NYK IN 4X LNG NEWBUILDINGS ON LONG-TERM CHARTERS TRANSACTION HIGHLIGHTS STRUCTURE LEADING PARTNERS 4+4x LNG Carriers USD 13bn market cap 2028-2029 OCY / NYK JV >880 managed vessels Deliveries ~90 LNG vessels 12+3+3+3 years Firm Optional Charter contracts USD 600m EBITDA backlog1 U
Slide 5: Portfolio Update
PORTFOLIO UPDATE DELIVERIES / CHARTERS OPTIONS EXERCISED VESSELS SOLD ▪ During the quarter, purchase options ▪ During the quarter, six VLCCs on charter ▪ During the quarter, Elisa Halcyon was were declared for the VLCCs Nissos to International Seaways and two LR2 delivered from the yard to France LN
Slide 6: Financial Snapshot Q4 2025
FINANCIAL SNAPSHOT ADJUSTED EBITDA1 Q4 2025 KEY FINANCIALS USD million 112.9 96.8 96.6 94.6 91.6 101.1 95.3 USD 52.9m USD 95.3m 82.8 87.4 86.5 88.2 86.9 EBITDA Adjusted EBITDA 77.0 79.0 73.6 68.4 USD 21.5m USD 0.0m Net profit Quarterly dividend USD 138.8m 30.7% Available liquidity Equity ratio Q1 Q2
Slide 7: Financial Snapshot 2025
FINANCIAL SNAPSHOT ADJUSTED EBITDA1 2025 KEY FINANCIALS USD million 401 USD 227.1m USD 400.9m 375 341 334 341 299 311 302 EBITDA Adjusted EBITDA 291 249 235 221 208 USD 90.8m USD 100.0m 151 Net profit Dividend USD 138.8m 30.7% Available liquidity Equity ratio 2012 2013 2014 2015 2016 2017 2018 2019
Slide 8: Income Statement
INCOME STATEMENT INCOME STATEMENT Q3 Q4 FY FY Amounts in USD million 2025 2025 2024 2025 Operating revenues 18.7 19.4 83.2 76.7 Finance lease revenues 38.7 33.5 131.4 137.2 Income from investments in associates 6.8 5.9 19.3 24.2 Other revenue 7.1 1.7 10.0 12.9 Total revenues and other income 71.3 60
Slide 9: Balance Sheet
BALANCE SHEET BALANCE SHEET Q4 Q3 Q4 Q4 Q3 Q4 Amounts in USD million 2024 2025 2025 2024 2025 2025 ASSETS EQUITY AND LIABILITIES Vessels and equipment 433 416 412 Common equity 648 731 649 Newbuildings 97 51 61 Hybrid capital 75 110 110 Investments in associates 316 348 350 Total equity 723 841 759
Slide 10: Financing Initiatives During and After Quarter End
FINANCING INITIATIVES DURING AND AFTER QUARTER END During the quarter ▪ Refinancing of one Suezmax tanker, extending the tenor and reducing the margin After quarter end ▪ Refinancing of two container vessels, extending the tenor and reducing the margin ▪ Paid down on revolving credit facilities duri
Slide 11: Outlook
OUTLOOK Low portfolio risk, robust balance sheet and strong liquidity 1 make Ocean Yield well positioned for further selective growth Strong access to capital at attractive cost increases 2 competitive position Continued focus on developing partnerships and strategic 3 investments with industry lead
Slide 12: Company Contacts
COMPANY CONTACTS: Andreas Røde CEO +47 98 22 85 62 [email protected] Eirik Eide CFO +47 95 00 89 21 [email protected] Karl Fredrik Schjøtt-Pedersen SVP Finance & IR +47 95 13 23 35 [email protected] www.oceanyield.no/investor-relations