NORDEN Q2 FY26 net profit rises 93.85% to USD 100.8 million

Reuters2026/08/13 06:01

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NORDEN posted Q2 2026 net profit of USD 100.8 million, up 93.85%.
Dry cargo delivered a turnaround, supported by resilient operations and successful fleet repositioning.
Tanker unit benefited from strong spot rates driven by the Persian Gulf conflict and disruption to global oil flows.
NAV climbed 23% since the start of the year to DKK 466 per share, driven by higher asset values; ROIC rose to 10.9% LTM.
Full-year net profit guidance narrowed, lifting the low end to USD 140-190 million; includes USD 79 million in vessel sales gains.
Shareholder distribution set at USD 34 million, via a DKK 2 per share dividend and a new USD 25 million share buyback.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Dampskibsselskabet NORDEN A/S published the original content used to generate this news brief via Cision (Ref. ID: 20260813:BIT:7042:0) on August 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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NORDEN Q2 FY26 net profit rises 93.85% to USD 100.8 million

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