MPC Container Ships (MPCC) has released its fourth-quarter results for 2025, highlighting a robust financial position and significant forward earnings visibility. The company has secured a USD 2.0 billion charter backlog, covering 97% of its open days for 2026.
Q4 2025 Financial and Operational Performance
Despite a slight decrease in total operating revenues compared to the previous year, the company improved its adjusted EBITDA and maintained high fleet efficiency.
| Metric | Q4 2024 | Q4 2025 |
| Operating Revenues | USD 130.0 million | USD 127.0 million |
| EBITDA (Adjusted) | USD 72.3 million | USD 76.0 million |
| Fleet Utilization | 97.4% | 98.1% |
| Average TCE (per day) | USD 25,190 | USD 25,551 |
Shareholder Returns and Dividend Policy
Following its established distribution policy, MPCC declared a quarterly dividend of USD 0.05 per share. This represents 50% of the company’s adjusted net profit and marks the 17th consecutive dividend payment, scheduled for March 2026.
Fleet Modernization and Growth
The company is actively renewing its fleet to stay competitive in the small and mid-sized containership segments:
-
Current Fleet: 51 vessels with an aggregate capacity of approximately 130,000 TEU.
-
Newbuildings: 17 vessels currently on order, which will bring the total capacity to approximately 170,000 TEU.
-
Strategic Orders: Recent contracts include the construction of six 3,700 TEU vessels backed by long-term charters.
-
Financial Health: The balance sheet remains strong with 32 debt-free vessels and a leverage ratio of 33.0%.
2026 Financial Guidance
Looking ahead, MPCC has provided the following guidance for the full year 2026:
-
Operating Revenues: USD 450–460 million.
-
EBITDA: USD 240–260 million.
“We capitalized on resilient charter markets to increase our backlog to around USD 2 billion and secured more than 97% of 2026 open days, providing strong earnings visibility for the years ahead.” — Moritz Fuhrmann, Co-CEO and CFO
CEO Constantin Baack emphasized that the company’s focus remains on navigating market uncertainty through a flexible balance sheet and disciplined capital deployment while continuing to modernize the fleet in collaboration with key customers.
The post MPC Container Ships reports solid Q4 2025 results appeared first on Container News.
