Tisdag 16 September | 06:02:59 Europe / Stockholm
2025-08-13 18:00:00
Good performance from the operating businesses delivered an EBITDA of USD 48
million in the second quarter. The Wilhelmsen group further received strong
contributions from associates. This resulted in a net profit of USD 257 million
for the period.

Total income for the group was USD 315 million, up 5% from the second quarter of
2024, and up 6% from the previous quarter. EBITDA ended at USD 48 million, up 4%
both from the corresponding period last year and from the previous quarter.

"Good performance from our operating businesses and especially New Energy,
combined with very strong contributions from Wallenius Wilhelmsen and Hyundai
Glovis gives us a strong financial momentum in the second quarter. We remain
committed to our long-term strategy and to solidify our position as we continue
to build for future success," says Thomas Wilhelmsen, group CEO.

The Maritime Services segment had a total income of USD 214 million in the
second quarter. This was down 3% from the corresponding period last year and in
line with the previous quarter. The reduction year-over-year was due to a change
in revenue recognition related to the acquisition of Zeaborn Ship Management.

Total income for the New Energy segment was USD 100 million, up 25% from the
corresponding period last year, and up 21% from the previous quarter. Total
income was lifted by increased activities in NorSea.

The Strategic Holdings and Investments segment reported a USD 211 million profit
to equity holders of the company in the second quarter. This was up
year-over-year and quarter-on-quarter due to higher contribution from Wallenius
Wilhelmsen ASA and Hyundai Glovis, and from higher financial income.

Net profit after financial items and tax was USD 257 million and net profit to
equity holders of the company was USD 250 million, equal to USD 5.96 earnings
per share (EPS).

The Annual General Meeting on 30 April approved a second dividend of NOK 12.00
per share and authorised the board to distribute additional dividend of up to
NOK 8.00 per share. This is in line with the targeted 3 - 5% dividend yield over
time.

Commenting on the outlook for the group, Wilhelmsen says:
"While uncertainty persists, specifically regarding geopolitical tension and an
uncertain global trade environment, the group retains its capacity to support,
grow, and expand the business portfolio, and to deliver consistent yearly
dividends."

For further information, please contact:

Investors:
Åge Sturtzel
VP Investor Relations and Corporate Support
Wilh. Wilhelmsen Holding ASA
Tel: (+47) 900 87 670
aage.sturtzel@wilhelmsen.com

Media:
Ole Jakob Ytterdal
VP Corporate Communication
Wilh. Wilhelmsen Holding ASA
Tel: +47 970 88 362
ole.j.ytterdal@wilhelmsen.com

About Wilhelmsen
Wilhelmsen is an industrial holding company within the maritime industry. The
group's main activities are within maritime services, offshore energy services,
and RoRo shipping and vehicle logistics. These activities are carried out
through fully and partly owned entities, most of which are among the market
leaders within their segments. Founded in Norway in 1861, Wilhelmsen maintains a
vision of shaping the maritime industry.

Read more at: wilhelmsen.com.

This information is subject to the disclosure requirements pursuant to section
of 5-12 of the Norwegian Securities Trading Act.