First Ship Lease Trust Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	7.36	8.45	8.51	24.22	24.98	48.33
Revenue Growth (YoY)	-13.50%	-0.66%	-64.87%	-3.01%	-48.33%	-33.89%
Cost of Revenue	2.57	2.93	2.9	16.69	21.55	30.58
Gross Profit	4.79	5.52	5.61	7.54	3.42	17.75
Selling, General & Admin	1.94	2.01	2.15	1.51	2.45	3.4
Operating Expenses	1.94	2.01	2.15	1.51	2.45	3.4
Operating Income	2.86	3.52	3.46	6.03	0.98	14.35
Interest Expense	-0.57	-0.87	-1.27	-1.1	-0.89	-2.82
Interest & Investment Income	0.35	0.38	1.19	0.12	0.03	0.28
Currency Exchange Gain (Loss)	-0	0.01	-0.01	0.03	-0	-0.03
Other Non Operating Income (Expenses)	1	1	-	-	-	-
EBT Excluding Unusual Items	3.63	4.03	3.37	5.07	0.11	11.78
Gain (Loss) on Sale of Assets	3.02	2.28	0.46	9.16	1.09	4.97
Asset Writedown	1.97	1.97	-	-0.95	-2.72	-10.5
Pretax Income	8.61	8.28	3.83	13.28	-1.52	6.25
Income Tax Expense	-0.02	0.02	0.16	0.01	0	0
Net Income	8.63	8.26	3.67	13.27	-1.52	6.25
Net Income to Common	8.63	8.26	3.67	13.27	-1.52	6.25
Net Income Growth	167.51%	125.04%	-72.35%	-	-	-38.35%
Shares Outstanding (Basic)	1,768	1,768	1,768	1,768	1,768	1,768
Shares Outstanding (Diluted)	1,768	1,768	1,768	1,768	1,768	1,768
Shares Change (YoY)	-	-	-	-	-	33.10%
EPS (Basic)	0.00	0.00	0.00	0.01	-0.00	0.00
EPS (Diluted)	0.00	0.00	0.00	0.01	-0.00	0.00
EPS Growth	167.60%	125.11%	-72.33%	-	-	-56.25%
Free Cash Flow	19.53	14.46	5.53	59.46	60.63	101.04
Free Cash Flow Per Share	0.01	0.01	0.00	0.03	0.03	0.06
Dividend Per Share	-	-	0.015	0.016	0.035	0.030
Dividend Growth	-	-	-6.25%	-54.29%	16.67%	100.00%
Gross Margin	65.14%	65.34%	65.92%	31.11%	13.71%	36.73%
Operating Margin	38.83%	41.60%	40.61%	24.88%	3.91%	29.69%
Profit Margin	117.29%	97.69%	43.13%	54.78%	-6.09%	12.92%
Free Cash Flow Margin	265.41%	171.00%	64.98%	245.45%	242.75%	209.05%
EBIT	2.86	3.52	3.46	6.03	0.98	14.35
EBIT Margin	38.83%	41.60%	40.61%	24.88%	3.91%	29.69%
Effective Tax Rate	-	0.19%	4.15%	0.04%	-	0.02%

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.