Stolt-Nielsen Limited (SOIEF) Q3 2025 Earnings Call Transcript

Alex Ng
Vice President of Corporate Development & Strategy

Good afternoon, and welcome to Stolt-Nielsen’s Earnings Call for the Third Quarter of 2025. As always, the earnings release and related materials are available on our website. We will also be recording the session, and playback will be available on the website from tomorrow.

Included in this presentation are various forward-looking statements. Such forward-looking statements are subject to risks and uncertainties, and we refer you to our latest annual report for such details.

I’m Alex Ng, Vice President of Corporate Development and Strategy. Joining me today are Udo Lange, CEO; and Jens Gruner-Hegge, our CFO. At the end of the presentation, there will be a Q&A session where we will be taking questions from online. [Operator Instructions]

Thank you, and over to you, Udo.

Udo Lange
Chief Executive Officer

Thanks, Alex. Welcome, everyone, and thanks for joining us today for our third quarter results. The presentation will follow the usual format. I will begin with an overview of the Group’s results for the quarter and share key highlights. Then Jens will cover the financials, before handing back to me to run through the performance of our divisions, our view of the market outlook and a few concluding remarks.

Despite a challenging macro backdrop of ongoing global trade and geopolitical uncertainty, our businesses enjoyed a resilient performance, delivering a quarterly EBITDA of over $190 million and a last 12 months EBITDA above $800 million for the sixth quarter in a row.

The company has delivered consistent performance again this quarter. This has been achieved through the dedication, professionalism