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Create Free AccountCMB.Tech has undergone a major strategic transformation, evolving from a pure tanker operator into a diversified shipping platform following its recent merger. The company now boasts a massive fleet of over 250 vessels, significantly expanding its market reach across various maritime segments. This expansion drove a 77% surge in revenue to $1.67 billion, reflecting the increased scale of operations. However, net profit declined to $139 million during the same period despite the top-line growth. The drop is primarily attributed to higher financial costs and amortization expenses linked to the merger's execution. While diversification aims to mitigate market risks, the shift may prompt investors to re-evaluate the company's valuation compared to its previous focused business model.