Shipping界 News: On July 3, the world’s largest chemical tanker owner, Stolt-Nielsen, released its unaudited financial results for the second quarter and first half of fiscal year 2025. During the reporting period, tanker performance was affected by market uncertainty, but investment income boosted the results for the first half of the fiscal year.
For the second quarter of fiscal year 2025 (March 1 to May 31, 2025), Stolt-Nielsen reported total revenue of $710 million, a year-on-year decrease of 3.8%; EBITDA was $210 million, up 0.5% year-on-year; gross profit was $170 million, down 10.3% year-on-year; operating profit was $110 million, down 16.9% year-on-year; and net profit was $75.234 million, or $1.41 per share, down 24.9% year-on-year.
For the first half of fiscal year 2025 (December 1, 2024, to May 31, 2025), Stolt-Nielsen reported total revenue of $1.39 billion, down 4.1% year-on-year; EBITDA was $400 million, down 4.1% year-on-year; gross profit was $340 million, down 9.0% year-on-year; operating profit was $220 million, down 17.6% year-on-year; and net profit was $230 million, or $4.24 per share, up 11.0% year-on-year.
Stolt-Nielsen stated that in the first quarter, it completed the acquisition of the remaining 50% stake in HS4 and an additional 48.8% stake in Avenir LNG, recording a one-time investment gain of $75.2 million.
Stolt-Nielsen CEO Udo Lange said, “The company delivered excellent results in a challenging environment. Despite significant market volatility due to changing macroeconomic factors, the second quarter still delivered strong performance, with EBITDA reaching $210 million, $2 million higher than the same period last year. This outcome demonstrates the inherent resilience of our diversified business model.”
“The operating environment for Stolt Tankers remains challenging. Geopolitical factors have increased uncertainty in the tanker market, while a lack of clarity on tariffs has impacted trade volumes. The average daily TCE for the second quarter of 2025 fell by 5.1% compared to the first quarter of 2025, further declining to $26,220, though this remains more than 30% above historical averages.”
“The storage market has been relatively unaffected by the macroeconomic factors impacting the shipping market. Stolthaven Terminals saw growth in revenue and operating profit compared to the same period last year, reflecting stable storage rates alongside continued improvements in utilization.”
Given increased uncertainty and weakened market sentiment, volatility is expected to persist in the short term. However, the fundamental supply-demand dynamics of the chemical tanker market remain unchanged. Meanwhile, the tanker market will continue to be influenced by geopolitical risks. A strengthening tanker market may provide some support to the chemical tanker market in the second half of 2025.”
**Fiscal Year 2025 Guidance**
Overall, for the fiscal year ending November 30, 2025, Stolt-Nielsen expects EBITDA to be between $740 million and $810 million.
As of now, Stolt Tankers is the world’s largest chemical tanker operator, controlling and operating 162 chemical tankers with a total deadweight tonnage of 2.968 million.
*Image and data source: Stolt Nielsen*
