First Ship Lease Trust 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	6.05	8.45	8.51	24.22	24.98
Revenue Growth (YoY)	-28.42%	-0.66%	-64.87%	-3.01%	-48.33%
Cost of Revenue	2.17	2.93	2.9	16.69	21.55
Gross Profit	3.88	5.52	5.61	7.54	3.42
Selling, General & Admin	1.95	2.01	2.15	1.51	2.45
Operating Expenses	1.95	2.01	2.15	1.51	2.45
Operating Income	1.93	3.52	3.46	6.03	0.98
Interest Expense	-0.29	-0.87	-1.27	-1.1	-0.89
Interest & Investment Income	0.64	0.38	1.19	0.12	0.03
Currency Exchange Gain (Loss)	-0	0.01	-0.01	0.03	-0
Other Non Operating Income (Expenses)	0.15	1	-	-	-
EBT Excluding Unusual Items	2.43	4.03	3.37	5.07	0.11
Gain (Loss) on Sale of Assets	0.74	2.28	0.46	9.16	1.09
Asset Writedown	3.73	1.97	-	-0.95	-2.72
Pretax Income	6.89	8.28	3.83	13.28	-1.52
Income Tax Expense	0.04	0.02	0.16	0.01	0
Net Income	6.86	8.26	3.67	13.27	-1.52
Net Income to Common	6.86	8.26	3.67	13.27	-1.52
Net Income Growth	-16.98%	125.04%	-72.35%	-	-
Shares Outstanding (Basic)	1,768	1,768	1,768	1,768	1,768
Shares Outstanding (Diluted)	1,768	1,768	1,768	1,768	1,768
EPS (Basic)	0.00	0.00	0.00	0.01	-0.00
EPS (Diluted)	0.00	0.00	0.00	0.01	-0.00
EPS Growth	-16.98%	125.11%	-72.33%	-	-
Free Cash Flow	10.42	14.46	5.53	59.46	60.63
Free Cash Flow Per Share	0.01	0.01	0.00	0.03	0.03
Dividend Per Share	-	-	0.015	0.016	0.035
Dividend Growth	-	-	-6.25%	-54.29%	16.67%
Gross Margin	64.09%	65.34%	65.92%	31.11%	13.71%
Operating Margin	31.93%	41.60%	40.61%	24.88%	3.91%
Profit Margin	113.32%	97.69%	43.13%	54.78%	-6.09%
Free Cash Flow Margin	172.27%	171.00%	64.98%	245.45%	242.75%
EBIT	1.93	3.52	3.46	6.03	0.98
EBIT Margin	31.93%	41.60%	40.61%	24.88%	3.91%
Effective Tax Rate	0.52%	0.19%	4.15%	0.04%	-