Norway · Delayed Price · Currency is NOK 2020 Bulkers Earnings Call Transcripts
Fiscal Year 2025
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Q4 2025 saw $13.8M net profit, $16.5M EBITDA, and $0.63/share in dividends. Vessel sales will yield $311M net proceeds, with plans to return most cash to shareholders. IRR since IPO reached 31% in USD.
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Q3 2025 saw $9.8M net profit, $14.2M EBITDA, and $0.54/share dividends. Four vessels were sold for $281.75M, with strong bauxite and iron ore demand supporting high charter rates. Outlook for Q1 2026 is positive, with stable market conditions expected.
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Q2 2025 saw $5.8M net profit, $9.6M EBITDA, and $0.37/share in dividends, with strong market conditions driven by bauxite and iron ore demand. Fleet supply remains tight due to record-low order books and high dry docking activity.
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Q1 2025 saw modest net profit and stable dividends, with improved charter rates in April and gains from FFA hedging. Market conditions are supported by strong bauxite and iron ore demand, but dry dock congestion and global uncertainties pose operational risks.
Fiscal Year 2024
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Q4 2024 saw $5.1M net profit, $0.23 EPS, and $14.8M revenue, with dividends totaling $0.34 per share and a 12% yield. Strong vessel earnings outpaced market averages, and dry dock upgrades are fully funded. Market fundamentals remain robust with record commodity exports.
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Q3 2024 saw net profit of $11.6M, EPS of $0.50, and strong time charter rates, with dividends totaling $0.57 per share for the quarter. Market outlook remains positive, supported by robust iron ore and bauxite trades, limited vessel supply, and increased dry dockings.
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Q2 2024 saw strong financial results with $31.5M net profit and $1.36 EPS, boosted by a vessel sale. Spot market performance outpaced benchmarks, and dividends remain robust. Market outlook is positive, with strong trade volumes and limited new vessel supply supporting future earnings.