- A charter backlog of USD 1.1 billion now covers 96% of 2025 and 77% of 2026, underpinning strong revenue visibility.
- Q1 revenues of USD 127.1 million (EBITDA USD 77.8 million; adjusted EBITDA USD 66.2 million) and net profit of USD 59.7 million, with a healthy leverage ratio of 32.2%.
- Continued fleet renewal—sale of seven older vessels and delivery of a modern dual-fuel ship, alongside a USD 75 million bond tap and entry into the Japanese financing market.
In the first quarter of 2025, MPCC achieved operating revenues of USD 127.1 million and reported EBITDA of USD 77.8 million (USD 66.2 million after adjusting for one-off items). Profit for the period stood at USD 59.7 million (USD 48.2 million on an adjusted basis), while adjusted EPS reached USD 0.11. These results were delivered against a backdrop of resilient container markets and high utilization across the fleet, according to MPC Container Ships.
Robust Contract Coverage and Shareholder Returns
The company’s charter backlog totals USD 1.1 billion, securing nearly full coverage of projected 2025 revenues (96%) and strong visibility into 2026 (77%). MPCC declared a quarterly dividend of USD 0.08 per share, marking over USD 1 billion returned to shareholders since February 2022. Full-year guidance remains unchanged, with revenues expected between USD 485–500 million and EBITDA in the range of USD 305–325 million.
Fleet Renewal and Sustainability Financing
MPCC advanced its strategic fleet renewal by divesting seven less efficient vessels and taking delivery of its first dual-fuel newbuilding, boosting both environmental performance and fuel flexibility. On the financing front, the company expanded its sustainability-linked bond with a USD 75 million tap issue. It tapped the Japanese debt market for the first time, reinforcing its capital structure and commitment to green growth.
Enhanced Capital Allocation Framework
The Board has rebalanced MPCC’s capital allocation strategy to combine a sustainable dividend with retained earnings for opportunistic growth and fleet modernization. Effective Q2 2025, the policy will distribute 30–50% of net profits through quarterly dividends after accounting for CAPEX, working capital, and reserves, while preserving capacity for strategic investments.
Executive Insights
Co-CEO and CFO Moritz Fuhrmann noted:
“In Q1 2025, our fleet renewal strategy gained momentum with seven vessel sales and the arrival of our dual-fuel ship. On the funding side, our success in the sustainability-linked bond market and entry into Japan demonstrate our focus on sustainable value creation.”
CEO Constantin Baack added:
“Despite challenging geopolitical and economic conditions, container shipping remains resilient with robust second-hand demand and limited idle capacity. We see attractive prospects in the small to mid-size segment and are poised to act decisively on growth opportunities, balancing dividend returns with strategic investments.”
Q1 2025 Earnings Call Details
MPCC’s leadership will host an earnings call on 22 May 2025 at 15:00 CEST. The live webcast and Q&A session will be accessible online, and an on-demand recording will be made available on the company’s website after the event.
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Source: MPC Container Ships
