Genco Shipping & Trading Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	342.05	423.02	383.83	536.93	547.13
Revenue Growth (YoY)	-19.14%	10.21%	-28.52%	-1.86%	53.88%
Cost of Revenue	219.82	237.67	249.2	280.49	264.64
Gross Profit	122.23	185.35	134.63	256.45	282.49
Selling, General & Admin	35.95	33.78	32.29	29.02	30.07
Other Operating Expenses	1.93	5.73	-	-	-
Operating Expenses	114.11	108.17	98.75	89.21	86.3
Operating Income	8.12	77.18	35.87	167.24	196.19
Interest Expense	-12.26	-13.3	-8.78	-9.09	-15.36
Interest & Investment Income	1.48	2.98	2.67	1.04	0.15
Other Non Operating Income (Expenses)	-0.05	0.01	0.08	1.8	0.57
EBT Excluding Unusual Items	-2.7	66.87	29.84	160.99	181.56
Gain (Loss) on Sale of Assets	-	16.47	-	-	4.92
Asset Writedown	-0.65	-6.6	-41.72	-	-
Other Unusual Items	-0.68	-	-	-	-4.41
Pretax Income	-4.03	76.74	-11.88	160.99	182.07
Income Tax Expense	0.48	0.25	0.47	1.62	0.03
Earnings From Continuing Operations	-4.52	76.5	-12.36	159.36	182.05
Minority Interest in Earnings	0.15	-0.1	-0.51	-0.79	-0.04
Net Income	-4.37	76.4	-12.87	158.58	182.01
Net Income to Common	-4.37	76.4	-12.87	158.58	182.01
Net Income Growth	-	-	-	-12.87%	-
Shares Outstanding (Basic)	43	43	43	42	42
Shares Outstanding (Diluted)	43	44	43	43	43
Shares Change (YoY)	-0.64%	2.07%	-0.35%	0.77%	1.63%
EPS (Basic)	-0.10	1.77	-0.30	3.74	4.33
EPS (Diluted)	-0.10	1.75	-0.30	3.70	4.27
EPS Growth	-	-	-	-13.35%	-
Free Cash Flow	-60.55	70.17	-2.23	133.28	113.66
Free Cash Flow Per Share	-1.40	1.61	-0.05	3.11	2.67
Dividend Per Share	0.950	1.460	0.860	2.570	0.970
Dividend Growth	-34.93%	69.77%	-66.54%	164.95%	1112.50%
Gross Margin	35.73%	43.82%	35.08%	47.76%	51.63%
Operating Margin	2.37%	18.24%	9.35%	31.15%	35.86%
Profit Margin	-1.28%	18.06%	-3.35%	29.53%	33.27%
Free Cash Flow Margin	-17.70%	16.59%	-0.58%	24.82%	20.77%
EBITDA	60.89	127.93	89.08	219.6	243.1
EBITDA Margin	17.80%	30.24%	23.21%	40.90%	44.43%
D&A For EBITDA	52.77	50.75	53.21	52.36	46.91
EBIT	8.12	77.18	35.87	167.24	196.19
EBIT Margin	2.37%	18.24%	9.35%	31.15%	35.86%
Effective Tax Rate	-	0.32%	-	1.01%	0.01%
Revenue as Reported	342.05	423.02	383.83	536.93	547.13

Source: S&P Global Market Intelligence. Standard template. Financial Sources.