Pelagic Credit Plc (OSL:PLGC)
Norway · Delayed Price · Currency is NOK 15.40
-0.10 (-0.65%)
At close: Nov 13, 2026
Pelagic Credit Earnings Call Transcripts
Fiscal Year 2026
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Q3 revenue was $2.6M, net income $1.0M and EPS $0.03; a $0.04/share dividend was declared. The portfolio has $134M of lease-adjusted backlog, while management is seeking NAV-reflective funding for further investments.
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First full quarter as a public company delivered stable results, with profit before tax of $1.6 million and a $107 million revenue backlog. Two new vessel transactions expanded the portfolio, and the first quarterly dividend of $0.04 per share was declared.
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Q1 2026 saw strong financial results with $2.3M gross earnings and a $900K net profit, following a $75M IPO and two vessel transactions. Most capital is set for deployment in 2026, with quarterly dividends to begin after Q2.