CMB.TECH Shares Soar 7.85% to €14.02 After Profits Increase Ninefold
Shares of the Belgian maritime group soared by 7.85% to €14.02 at midday, marking its strongest weekly gain in several weeks. The session follows the release of the first quarter 2026 financial results and comes two days before the general assembly. The share's annual performance now exceeds 66%.
Quarter Boosted by Ship Sales and Announced Distribution of $0.64 per Share
CMB.TECH reported this Tuesday a net profit of $368.8 million for the first quarter of 2026, up from $40.4 million a year earlier. EBITDA reached $558.3 million, with revenue at $519.6 million. The performance includes a gain of $267.4 million from the delivery of two Capesize and six VLCC to their new owners during the quarter, as detailed in the quarterly accounts. The group also announced its intention to distribute $0.64 per share, subject to applicable approvals. At the Q1 2026 release (May 19, 2026), management stated that final approval by the Supervisory Board remains conditional. The general assembly is scheduled for May 21.
Share Price Climbs Above Upper Bollinger Band Indicating Strong Overbuy
The share price is at €14.02, exceeding the upper Bollinger band set at €13.73. This breakout indicates a strong buying momentum following the release. The price is significantly above the MM50 (€11.62, a 20.65% difference) and MM200 (€9.16, more than 53% difference), confirming a strong underlying bullish trend. The RSI at 66 remains below the classic overbought zone of 70, despite today's surge. The technical resistance identified at €13.00 was breached during the session. Over three months, the share shows a +22.3% increase and maintains a 66.1% lead over the year. The next key event is the general assembly on May 21, 2026.
