Q3 2025 update is in, and things are looking lively in the LNG sea! The company is riding high on strong demand for LNG carriers, digital expansion, and some cool innovation partnerships. Here’s the scoop:
Riding the LNG Wave
• The LNG fundamentals are robust, with 84 Mtpa (million tons per annum) of Final Investment Decisions (FIDs) made in 2025 so far—mostly in the US. This is no small feat, setting records and signaling strong global demand.
• Contracts signed (SPAs) are sitting at 50 Mtpa by the end of September 2025.
• Total order book stands firm with 295 units, including 19 new LNG carriers (LNGCs) and 7 ethane carriers ordered in the last nine months.
Money Talks: Revenue and Growth
• Revenue zoomed up 29% to €599.6 million versus the same period last year, driven by LNG carrier construction and ethane carriers.
• Digital revenue also surged by a whopping 83% thanks to the acquisition of Danelec and growing subscription services for ship equipment.
• Meanwhile, LNG as fuel dipped 32% due to a tough comparison with 2024 and more competition.