Oslo, Norway, 27 November 2025 - MPC Container Ships ("MPCC" or the "Company",
Oslo Børs Ticker: MPCC), today presented its quarterly results for the third
quarter of 2025. The Company delivered another quarter with solid operational
and financial performance, supported by a strong contract backlog with 100% of
open days covered in 2025, 92% in 2026 and 55% in 2027. The Company continues
to divest less efficient vessels and have in total divested 10 vessels in 2025
while ordering 10 newbuildings for delivery from 2027. Following the
distribution policy a quarterly dividend of USD 0.05 per share is declared,
corresponding to 50% of adjusted net profit.
Highlights Q3 2025:
* Charter backlog of USD 1.6 billion with full contract coverage for 2025
(100%) and high coverage for 2026 (92%), as well as 2027 (55%)
* Quarterly recurring dividend of USD 0.05 per share
* Increased guidance for 2025 of operating revenues in the range of USD
500-510 million and EBITDA in the range of USD 330-340 million
* Continued robust operations with high fleet utilization of 97.6% (Q3 2024:
97.3%) and adj. average TCE of USD 26,523 per day (Q3 2024: USD 26,334)
* Operating revenues of USD 125.9 million (Q3 2024: USD 132.5 million) and
EBITDA of USD 83.5 million (Q3 2024: USD 84.8 million). EBITDA adjusted for
non-recurring items was USD 74.9 million (Q3 2024: USD 78.8 million)
* The balance sheet remains solid, with 28 debt-free vessels and a leverage
ratio of 34.6%
* Secured 11 new ~2-year charter contracts with top-tier liner companies,
adding USD 110m in revenue backlog
* The Group's fleet consisted of 51 vessels, with an aggregate capacity of
approximately 130,000 TEU. Additionally, the Group has 11 newbuildings on
order, bringing the total capacity to approximately 170,000 TEU
Co-CEO and CFO Moritz Fuhrmann, comments:
"MPCC's performance in the third quarter demonstrates continued value
creation, highlighting our ability to take great advantage of the market
conditions, seize opportunities and execute effectively. We are particularly
excited about our newbuilding program comprising state-of-the-art vessels,
which will further enhance our fleet and support long-term growth.
We remain focused on what we can control and have proactively increased the
charter backlog enabling good visibility in the years to come. Through
strategic fleet modernization - balancing divestments and newbuildings,
disciplined capital allocation, and securing forward fixtures - we demonstrate
our commitment to delivering long-term shareholder value."
CEO Constantin Baack added:
"Amid heightened market noise and uncertainty, MPCC remains firmly positioned
in the resilient small and mid-sized containership segments. Our flexible
balance sheet and disciplined capital approach enable us to navigate
volatility while building strong partnerships that enhance long-term value
creation. Our execution capabilities and proven track record of delivering
results across cycles, gives MPCC confidence to continue our course to
generating attractive shareholder returns regardless of market conditions."
For more information, contact:
ir@mpc-container.com
About MPC Container Ships:
MPC Container Ships ASA (ticker code "MPCC") is a leading container tonnage
provider focusing on small to mid-size container ships. Its main activity is
to own and operate a portfolio of container ships serving intra-regional trade
lanes on fixed-rate charters. The Company is registered and has its business
office in Oslo, Norway. For more information, please visit
www.mpc-container.com.
Forward-looking statements:
This announcement includes forward-looking statements. Such statements are
generally not historical in nature, and specifically include statements about
the Company's plans, strategies, business prospects, changes and trends in its
business, the markets in which it operates and its restructuring efforts.
These statements are made based upon management's current plans, expectations,
assumptions and beliefs concerning future events impacting the Company and
therefore involve a number of risks, uncertainties and assumptions that could
cause actual results to differ materially from those expressed or implied in
the forward-looking statements, which speak only as of the date of this news
release. Consequently, no forward-looking statement can be guaranteed. When
considering these forward-looking statements, you should keep in mind the
risks described from time to time in the Company's regulatory filings and
periodical reporting. The Company undertakes no obligation to update any
forward-looking statements to reflect events or circumstances after the date
on which such statement is made or to reflect the occurrence of unanticipated
events. New factors emerge from time to time, and it is not possible for the
Company to predict all of these factors. Further, the Company cannot assess
the impact of each such factor on its business or the extent to which any
factor, or combination of factors, may cause actual results to be materially
different from those contained in any forward-looking statement.
This information has been submitted pursuant to the Securities Trading Act §
5-12 and MAR Article 17. The information was submitted for publication,
through the agency of the contact persons set out above, at 2025-11-27 07:00
CET.