NORDEN reports net profit of USD 52 million (DKK 342 million) in Q2 2025

ANNOUNCEMENT NO. 163, 14 AUGUST 2025

HELLERUP, Denmark, Aug. 14, 2025 /PRNewswire/ -- Despite challenging market conditions, NORDEN delivered a net profit of USD 52 million (DKK 342 million) in the second quarter of 2025 and a return on invested capital of 10% LTM.

In H1 2025, the net profit was USD 85 million, of which USD 44 million came from combined operating earnings across the Group and USD 41 million were sales gains.

The NAV was DKK 337 per share at the end of the second quarter. In line with our strategy to realise high portfolio values, we have YTD sold 20 vessels, including two vessels after the quarter end, of which 13 were from declared purchase options. In parallel with declaring purchase options and selling vessels, we have YTD also signed 18 new lease agreements to ensure we stay positioned for future upside.

We raise the lower end and narrow ...