NORDEN reports net profit of US$26m in Q3 2025
(Posted on 04/11/25)
Net profit for the Group amounted to USD 26 million (DKK 166 million) in the third quarter of 2025, driven by Asset Management which delivered another strong quarter supported by solid operating earnings and vessel sales.
Group net profit amounted to US$111m in the first nine months of 2025, of which USD 43 million came from combined operating earnings across the Group and USD 68 million were sales gains.
Founded in 1871, NORDEN is one of Denmark’s oldest internationally operating shipping companies, with 18 offices across six continents.
NORDEN CEO, Jan Rindbo, said, “A strong quarterly increase in asset values drove NAV to DKK 362 per share, highlighting our significant potential in dynamic asset markets. As a result of the better-than-expected operational performance and rising markets, we raised our full-year net profit guidance on October 28 to USD 100-140 million.”
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