Odfjell SE 2Q25: Outperforming the previous quarter with another resilient financial result

Odfjell SE today reported its results for the second quarter of 2025. Thereportshows another resilient financial performance, surpassing the previous quarterdespite declining spot rates and continued market uncertainty from U.S. tradetariffs.

Highlights - 2Q25

. The strong safety performance continued in 2Q25 with high operationalefficiency and no significant incidents during the quarter.

. Time charter earnings ended at USD 174 million, compared to USD 168 millionin1Q25. TCE/day for the quarter was USD 30,306, slightly up from the previousquarter (USD 29,556).

. EBIT of USD 59 million compared to USD 54 million in 1Q25.

. Quarterly net result of USD 40 million. Net result adjusted for one-offitemsat USD 42 million compared to USD 33 million in 1Q25.

. Net result contribution from Odfjell Terminals of USD 1.9 million, vs. USD2.9million in 1Q25.

. With a 2Q25 carbon intensity (AER) of 6.8, Odfjell achieved a new recordlow,continuing the positive trend from the previous quarters.

. The Board approved a dividend of USD 0.48 per share, based on adjusted 1H25results. This is in accordance with Odfjell's dividend policy to distribute50%of net result adjusted for one-off items on a semi-annual basis.

"In the second quarter, Odfjell delivered another resilient financial result.Weexceeded the previous quarter's result, despite ongoing market uncertaintydriven by geopolitics and trade tariffs. This achievement is a result ofstrongperformance across the Odfjell organization and a robust COA portfolio as thefoundation of our trade. We expect the 3Q25 financial results to be in linewithor slightly below 2Q25" said CEO Harald Fotland.

Tomorrow, Wednesday, August 20 at 09:45 CET, Odfjell SE will present theresultsat the investor conference "Vestland på Børs", held in Bergen. Thepresentationwill also be sent in a live webcast. Follow the webcastat: www.odfjell.com/investor/webcastThe presentation will be held in English.

IR Contact:Nils Jørgen Selvik, VP Finance & IRTel: +47 920 39 718E-mail: nils.jorgen.selvik@odfjell.com

The Odfjell Group is one of the leading players in the global market forseaborne transportation and storage of chemicals and other specialty bulkliquids. The Odfjell fleet comprises of approx. 70 ships, which trade bothglobally and regionally. The tank terminal division consists of four tankterminals and is part of a network of another 10 tank terminals partly ownedbyrelated parties. The tank terminals are strategically located at selectedinternational shipping hubs. The Odfjell Group's headquarters are in Bergen,Norway, and the Group has offices in 13 locations around the world. Odfjellemploys around 2300 staff and posted annual gross revenue of USD 1249 millionin2024. Read more on Odfjell.com (https://www.odfjell.com/).

This information is subject to the disclosure requirements pursuant to Section5-12 the Norwegian Securities Trading Act.

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