Vopak raises FY25 guidance despite FX headwinds after solid Q2

Published 30/07/2025, 08:48
© Reuters.

Investing.com -- Royal Vopak (OTC:VOPKY) on Wednesday reported a 5% increase in second-quarter proportional EBITDA before exceptional items to €315.4 million, driven by growth projects and a one-off gain of €22.0 million related to PPT2 in Malaysia.

Excluding the one-off gain, EBITDA decreased 3% to €293.4 million, which was still 1% ahead of consensus expectations of €291 million. The company faced a negative foreign exchange translation effect of €6 million during the quarter.

Proportional occupancy decreased by 1 percentage point to 92%, which the company described as resilient considering global tensions and geopolitical uncertainties.

Gas and industrial terminals, supported by long-term contracts, showed stable performance with higher throughputs.

Energy markets served by oil terminals experienced strong demand for infrastructure, while demand for chemical storage remained weak.

For the full year 2025, Vopak (AS:VOPA) has raised its guidance, now expecting a relatively stable proportionate EBITDA of €1,170 million to €1,200 million, compared to its previous guidance of €1,150 million to €1,200 million.

This new outlook is slightly above the consensus estimate of €1,173 million. The company noted that an increasing €30 million FX headwind is being offset by the €22.0 million gain and resilient business performance.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.