Stolt-Nielsen Limited (SNI) has announced its unaudited financial results for the first quarter ending February 28, 2025, showcasing a net profit of $151.4 million on revenue of $675.6 million. This compares to a net profit of $104 million on revenue of $707.3 million during the same period last year. Excluding $75.2 million in one-off gains from equity revaluations in Avenir LNG Limited and Hassel Shipping 4 (HS4), net profit stood at $76.2 million.
Key Financial Highlights (Q1 2025 vs. Q1 2024)
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Net Profit: $151.4M (↑ from $104.0M)
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Excluding one-off gains: $76.2M
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Revenue: $675.6M (↓ from $707.3M)
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EBITDA: $192.0M (↓ from $210.3M)
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Earnings Per Share (EPS): $2.83 (↑ from $1.94)
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Excluding one-off gains: $1.42
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Strategic Moves
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Acquisitions Completed:
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Remaining 50% of HS4 joint venture
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Additional 48.8% stake in Avenir LNG
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These acquisitions are expected to contribute ~$50M annually to EBITDA, depending on market conditions.
Segment Performance
In Q1 2025, Stolt Tankers’ operating profit dropped to $66.6 million from $93 million, with TCE revenue declining to $27,620/day. Stolthaven Terminals remained stable at $28.5 million in profit. Stolt Tank Containers improved to $15.2 million, driven by better rates and cost control. Stolt Sea Farm’s profit rose to $7.4 million, helped by strong seasonal sales and high prices. Stolt-Nielsen Gas reported a $3.5 million loss, and the Corporate segment saw a loss of $10.5 million, similar to last year.
Strategic Moves
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Acquisitions Completed:
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Remaining 50% of HS4 joint venture
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Additional 48.8% stake in Avenir LNG
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These acquisitions are expected to contribute ~$50M annually to EBITDA, depending on market conditions.
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Source: Stolt-Nielsen
