Norden reports 2025 net profit of $120m following vessel sales

Fifteen of these sales resulted from the exercise of declared purchase options. The group also purchased one vessel and signed 24 new lease agreements with purchase options during the year.

At the end of December, the net asset value was DKK379 ($57) per share. Chief Executive Officer Jan Rindbo said, “Despite geopolitical uncertainty and challenging markets, Norden delivered a good 2025 result.”

He noted that the profit and return on invested capital demonstrated the resilience of the company’s business model. For the 2026 financial year, Norden expects profitability to be lower compared to 2025.