Pacific Basin Shipping 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	2,081	2,582	2,297	3,282	2,973
Revenue Growth (YoY)	-19.39%	12.41%	-30.02%	10.40%	102.08%
Cost of Revenue	2,005	2,446	2,166	2,550	2,233
Gross Profit	75.84	135.24	130.95	732.08	739.34
Selling, General & Admin	6.98	6.01	6.75	8.13	8.46
Operating Expenses	6.98	6.01	6.75	8.13	8.46
Operating Income	68.86	129.23	124.21	723.95	730.88
Interest Expense	-21.54	-21.44	-21.18	-23.94	-30.92
Interest & Investment Income	-	13.69	14.19	8.66	0.72
Currency Exchange Gain (Loss)	-	-0.8	-	1.04	0.25
Other Non Operating Income (Expenses)	11.5	2.09	-2.9	-21.66	-5.88
EBT Excluding Unusual Items	58.83	122.77	114.31	688.04	695.05
Gain (Loss) on Sale of Assets	-	9.61	10.79	15.97	-0.36
Asset Writedown	-	-	-16	-1.51	151.66
Pretax Income	58.83	132.38	109.1	702.5	846.35
Income Tax Expense	0.65	0.68	-0.28	0.64	1.54
Net Income	58.17	131.7	109.38	701.86	844.81
Net Income to Common	58.17	131.7	109.38	701.86	844.81
Net Income Growth	-55.83%	20.40%	-84.42%	-16.92%	-
Shares Outstanding (Basic)	5,103	5,177	5,203	5,037	4,719
Shares Outstanding (Diluted)	5,148	5,379	5,414	5,468	5,420
Shares Change (YoY)	-4.30%	-0.63%	-1.00%	0.90%	15.74%
EPS (Basic)	0.01	0.03	0.02	0.14	0.18
EPS (Diluted)	0.01	0.02	0.02	0.13	0.16
EPS Growth	-54.32%	20.79%	-84.47%	-16.15%	-
Free Cash Flow	-	180.93	101.33	850.6	625.94
Free Cash Flow Per Share	-	0.03	0.02	0.16	0.12
Dividend Per Share	-	0.012	0.010	0.067	0.072
Dividend Growth	-	20.00%	-85.08%	-6.94%	-
Gross Margin	3.64%	5.24%	5.70%	22.31%	24.87%
Operating Margin	3.31%	5.01%	5.41%	22.06%	24.59%
Profit Margin	2.79%	5.10%	4.76%	21.39%	28.42%
Free Cash Flow Margin	-	7.01%	4.41%	25.92%	21.06%
EBITDA	223.22	283.6	275.71	866.03	850.32
EBITDA Margin	10.73%	10.99%	12.01%	26.39%	28.61%
D&A For EBITDA	154.37	154.37	151.51	142.08	119.44
EBIT	68.86	129.23	124.21	723.95	730.88
EBIT Margin	3.31%	5.01%	5.41%	22.06%	24.59%
Effective Tax Rate	1.11%	0.52%	-	0.09%	0.18%

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