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Annual report 2025

In a year defined by global uncertainty, Odfjell maintained strong performance while continuing to deliver on our core purpose. Through our global operations, we provide safe and reliable transport and storage of chemicals essential to industries and everyday life.

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Board of Directors' report

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Sustainability statement

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Financial statements

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CEO letter

2025 proved the strength of our people and our business model – demonstrating that responsible operations, team expertise, and long-term strategic choices continue to move Odfjell forward.

Read letter from CEO Harald Fotland

Highlights

Gross revenue

(million USD)

1,115

2025

2024

EBITDA

(million USD)

378

2025

2024

EBIT

(million USD)

225

2025

2024

Total assets


(million USD)

2,036

2025

2024

AER

(for controlled fleet)

6.8

2025

2024

Absolute emissions

(million tons CO₂ - scope 1)

1.2

2025

2024

LTIF Terminals

(operated and managed by Odfjell)

0.26

2025

2024

LTIF Ships

(managed by Odfjell)

0.71

2025

2024

Year in review

From shifting markets to continued strategic progress, 2025 was a year that demonstrated Odfjell’s ability to adapt and deliver. With robust financial results, operational progress, strategic investments, and record-low carbon intensity, we strengthened our position as a leader in efficient and sustainable chemical tanker operations.

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Business & outlook

Operationally, 2025 was defined by high utilization, stable execution, and a resilient performance across both shipping and terminals. With a solid platform in place, Odfjell enters the coming period focused on maintaining efficiency, navigating market volatility, and pursuing growth opportunities.

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Governance & impact

Behind the numbers is a business built on people, safety, and responsibility. We continue to solidify our safety culture and invest in our people, reinforcing a working environment where accountability, care, and continuous improvement guide everyday operations.

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