29 March 2024 CMB.TECH announced it had purchased on NYSE and on Euronext Brussels a total of 2,620,931 of its own shares. 8 April 2024 CMB.TECH announced it had purchased on NYSE and on Euronext Brussels a total of 412,926 of its own shares. 12 April 2024 The group took delivery of the Bochem Casablanca (2024- 25,000 dwt). 15 April 2024 CMB.TECH announced it had purchased on NYSE and on Euronext Brussels a total of 263,771 of its own shares. 16 April 2024 CMB.TECH and Anglo-Eastern Univan Group (“Anglo-Eastern”) announced a Heads of Agreement (“HoA”) for the sale and purchase of Euronav Ship Management Hellas (“ESMH”), Euronav (now CMB.TECH)’s ship management arm. 2 May 2024 Cleanergy Solutions Namibia (a joint venture between CMB.TECH and the Ohlthaver & List Group) welcomed His Majesty the King of the Belgians and His Excellency dr. Nangolo Mbumba, President of the Republic of Namibia to Cleanergy’s hydrogen production and refuelling station in Walvis Bay, Namibia. 13 May 2024 CMB.TECH took delivery of the CMA CGM Baikal. This ship had been previously sold and a capital gain of USD 15.6 million was booked in Q2 2024. 16 May 2024 The group held its General Meeting of Shareholders. 23 May 2024 CMB.TECH and Damen signed a collaboration agreement on four hydrogen-powered ASD Tugs. Built by Damen, these vessels will use CMB.TECH's innovative dual fuel hydrogen technology that will significantly reduce emissions. 24 May 2024 The group took delivery of Windcat 57, the first CTV of the new hydrogen-powered MK5 series. The vessel is deployed in Scotland. 10 June 2024 FRS Windcat Polska, together with Gdansk based shipyard ALU International, has ordered two hydrogen-powered newbuild CTVs, dedicated to the Polish offshore wind industry. 18 June 2024 The group successfully completed the sale of Euronav Ship Management Hellas (ESMH) to Anglo- Eastern. 24 June 2024 CMB.TECH took delivery of the fifth super-eco Newcastlemax Mineral Deutschland (2024 – 210,000 dwt). 28 June 2024 CMB.TECH took delivery of the Bochem Shanghai (2024 – 25,000 dwt).

CMB.TECH w Contact
Head of Marketing & Communications Katrien Hennin		Tel: +32 499393470 katrien.hennin@cmb.tech		Head of Investor Relations Joris Daman		Tel: +32 498617111 joris.daman@cmb.tech Page 6 of 17

 

Directors currently consists of Mr. James O’Shaughnessy, Ms. Tonesan Amissah, Mr. Patrick De Brabandere and Mr. Patrick Molis. In March 2025, the Company took delivery of the CTV Hydrocat 60.

Financial calendar 2025 10 April 2025 Annual report 2024 available on the website 14 May 2025 Announcement of first quarter results 2025 15 May 2025 Annual General Meeting of Shareholders 7 August 2025 Announcement of second quarter results 2025 14 August 2025 Half year report 2025 available on website 13 November 2025 Announcement of third quarter results 2025 26 February 2026 Announcement of fourth quarter results 2025

CMB.TECH w Contact
Head of Marketing & Communications Katrien Hennin		Tel: +32 499393470 katrien.hennin@cmb.tech		Head of Investor Relations Joris Daman		Tel: +32 498617111 joris.daman@cmb.tech Page 9 of 17

About CMB.TECH

CMB.TECH (all capitals) is a diversified and future-proof maritime group. We own and operate more than 150 seagoing vessels: crude oil tankers, dry bulk vessels, container ships, chemical tankers, offshore wind vessels & workboats. We also offer hydrogen and ammonia fuel to customers, through own production or third-party producers.

The company is headquartered in Antwerp, Belgium, and has offices across Europe, Asia, United States and Africa.

CMB.TECH is listed on Euronext Brussels and the NYSE under the ticker symbol CMBT.

More information can be found at https://cmb.tech

Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbour protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbour provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbour legislation. The words "believe", "anticipate", "intends", "estimate", "forecast", "project", "plan", "potential", "may", "should", "expect", "pending" and similar expressions identify forward-looking statements.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management's examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.

In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the failure of counterparties to fully perform their contracts with us, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for tanker vessel capacity, changes in our operating expenses, including bunker prices, dry-docking and insurance costs, the market for our vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other  factors. Please see our filings with the United States Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.

			December 31, 2024			December 31, 2023
ASSETS
Non-current assets
Vessels			2,617,484			1,629,570
Assets under construction			628,405			106,513
Right-of-use assets			1,910			32,936
Other tangible assets			21,628			644
Prepayments			1,657			—
Intangible assets			16,187			14,194
Receivables			75,076			2,888
Investments			61,806			518
Deferred tax assets			10,074			280
Total non-current assets			3,434,227			1,787,543
Current assets
Inventory			26,500			22,511
Trade and other receivables			235,883			307,111
Current tax assets			3,984			869
Cash and cash equivalents			38,869			429,370
			305,236			759,861
Non-current assets held for sale			165,583			871,876
Total current assets			470,819			1,631,737
TOTAL ASSETS			3,905,046			3,419,280
EQUITY and LIABILITIES
Equity
Share capital			239,148			239,148
Share premium			460,486			1,466,529
Translation reserve			(2,045)			235
Hedging reserve			2,145			1,140
Treasury shares			(284,508)			(157,595)
Retained earnings			777,098			807,916
Equity attributable to owners of the Company			1,192,324			2,357,373
Non-current liabilities
Bank loans			1,450,869			362,235
Other notes			198,887			198,219
Other borrowings			667,361			71,248
Lease liabilities			1,451			3,363
Other payables			—			146
Employee benefits			1,060			1,669
Provisions			—			274
Deferred tax liabilities			438			—
Total non-current liabilities			2,320,066			637,154

Current liabilities
Trade and other payables			79,591			124,013
Current tax liabilities			9,104			4,768
Bank loans			201,937			166,124
Other notes			3,733			3,733
Other borrowings			95,724			92,298
Lease liabilities			2,293			33,493
Provisions			274			324
Total current liabilities			392,656			424,753
TOTAL EQUITY and LIABILITIES			3,905,046			3,419,280

			2024			2023
			Jan. 1 - Dec. 31, 2024			Jan. 1 - Dec. 31, 2023
Shipping income
Revenue			940,246			1,235,127
Gains on disposal of vessels/other tangible assets			635,019			372,444
Other operating income			50,660			23,316
Total shipping income			1,625,925			1,630,887
Operating expenses
Raw materials and consumables			(3,735)			—
Voyage expenses and commissions			(174,310)			(142,090)
Vessel operating expenses			(199,646)			(231,033)
Charter hire expenses			(138)			(4,500)
Loss on disposal of vessels/other tangible assets			(2)			—
Depreciation tangible assets			(163,148)			(219,428)
Depreciation intangible assets			(2,881)			(1,612)
Impairment losses			(1,847)			—
General and administrative expenses			(77,766)			(62,532)
Total operating expenses			(623,473)			(661,195)
RESULT FROM OPERATING ACTIVITIES			1,002,452			969,692
Finance income			38,689			67,168
Finance expenses			(169,339)			(171,897)
Net finance expenses			(130,650)			(104,729)
Share of profit (loss) of equity accounted investees (net of income tax)			920			(927)
PROFIT (LOSS) BEFORE INCOME TAX			872,722			864,036
Income tax benefit (expense)			(1,893)			(6,009)
PROFIT (LOSS) FOR THE PERIOD			870,829			858,027
Attributable to:
Owners of the company			870,829			858,027
Basic earnings per share			4.44			4.25
Diluted earnings per share			4.44			4.25
Weighted average number of shares (basic)			196,041,579			201,901,743
Weighted average number of shares (diluted)			196,041,579			201,901,743

	Share capital	Share premium	Translation reserve	Hedging reserve	Treasury shares	Retained earnings	Total equity
Balance at January 1, 2023	239,148	1,678,336	(24)	33,053	(163,024)	385,976	2,173,465
Profit (loss) for the period	—	—	—	—	—	858,027	858,027
Total other comprehensive income (expense)	—	—	259	(31,913)	—	(116)	(31,770)
Total comprehensive income (expense)	—	—	259	(31,913)	—	857,911	826,257
Transactions with owners of the company
Dividends to equity holders	—	(211,807)	—	—	—	(434,487)	(646,294)
Treasury shares delivered in respect of share-based payment plans	—	—	—	—	5,429	—	5,429
Equity-settled share-based payment	—	—	—	—	—	(1,484)	(1,484)
Total transactions with owners	—	(211,807)	—	—	5,429	(435,971)	(642,349)
Balance at December 31, 2023	239,148	1,466,529	235	1,140	(157,595)	807,916	2,357,373
	Share capital	Share premium	Translation reserve	Hedging reserve	Treasury shares	Retained earnings	Total equity
Balance at January 1, 2024	239,148	1,466,529	235	1,140	(157,595)	807,916	2,357,373
Profit (loss) for the period	—	—	—	—	—	870,829	870,829
Total other comprehensive income (expense)	—	—	(2,280)	1,005	—	200	(1,075)
Total comprehensive income (expense)	—	—	(2,280)	1,005	—	871,029	869,754
Transactions with owners of the company
Business Combination	—	—	—	—	—	(796,970)	(796,970)
Dividends to equity holders	—	(1,006,043)	—	—	—	(104,877)	(1,110,920)
Treasury shares acquired	—	—	—	—	(126,913)	—	(126,913)
Total transactions with owners	—	(1,006,043)	—	—	(126,913)	(901,847)	(2,034,803)
Balance at December 31, 2024	239,148	460,486	(2,045)	2,145	(284,508)	777,098	1,192,324

(Purchase of) Proceeds from sale of treasury shares			(126,913)			—
Proceeds from new borrowings			2,722,525			2,694,127
Repayment of borrowings			(1,177,328)			(2,933,724)
Repayment of lease liabilities			(33,879)			(21,942)
Repayment of commercial paper			(357,171)			(458,272)
Repayment of sale and leaseback			(54,299)			(96,006)
Transaction costs related to issue of loans and borrowings			(19,223)			(14,530)
Dividends paid			(1,126,683)			(630,540)
Net cash from (used in) financing activities			(172,971)			(1,460,887)
Net increase (decrease) in cash and cash equivalents			(394,137)			246,173
Net cash and cash equivalents at the beginning of the period			429,370			179,929
Effect of changes in exchange rates			3,636			3,268
Net cash and cash equivalents at the end of the period			38,869			429,370
of which restricted cash			—			—