First Ship Lease Trust Balance Sheet

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
Cash & Equivalents	20.23	14.79	32.17	30.12	3.67	20.69
Cash & Short-Term Investments	20.23	14.79	32.17	30.12	3.67	20.69
Cash Growth	242.67%	-54.04%	6.83%	721.27%	-82.28%	-51.23%
Accounts Receivable	0.71	0.15	0.34	0.08	1.27	1.64
Other Receivables	-	0.55	0.54	0.68	1.17	1.18
Receivables	0.71	0.69	0.89	0.76	2.45	2.82
Prepaid Expenses	-	0.06	0.08	0.08	0.09	0.04
Other Current Assets	-	0.42	0.6	0.61	11.3	2.18
Total Current Assets	20.95	15.97	33.74	31.55	17.5	25.73
Other Long-Term Assets	19.82	26.69	32	33.91	66.17	136.11
Total Assets	40.77	42.66	65.73	65.47	83.67	161.84
Accounts Payable	0.51	-	0.17	0.36	0.21	0.58
Accrued Expenses	-	0.42	0.48	0.45	0.18	0.26
Current Portion of Long-Term Debt	0.55	2.48	3.45	3.4	3.36	16.54
Current Income Taxes Payable	0.02	0.05	0.16	0.01	0	0.01
Current Unearned Revenue	-	-	-	-	-	0.76
Other Current Liabilities	-	0.53	0	-	0.26	0.82
Total Current Liabilities	1.08	3.46	4.26	4.22	4.01	18.97
Long-Term Debt	1.39	2.65	6.66	10.11	13.51	13.3
Total Liabilities	2.47	6.11	10.92	14.33	17.51	32.27
Common Stock	561.33	561.33	561.33	561.33	561.33	561.33
Retained Earnings	-516.31	-518.06	-499.8	-503.47	-488.45	-425.04
Comprehensive Income & Other	-6.73	-6.73	-6.73	-6.73	-6.73	-6.73
Shareholders' Equity	38.3	36.55	54.81	51.14	66.16	129.56
Total Liabilities & Equity	40.77	42.66	65.73	65.47	83.67	161.84
Total Debt	1.94	5.12	10.11	13.51	16.87	29.84
Net Cash (Debt)	18.29	9.67	22.06	16.61	-13.2	-9.15
Net Cash Growth	-	-56.18%	32.88%	-	-	-
Net Cash Per Share	0.01	0.01	0.01	0.01	-0.01	-0.01
Filing Date Shares Outstanding	1,768	1,768	1,768	1,768	1,768	1,768
Total Common Shares Outstanding	1,768	1,768	1,768	1,768	1,768	1,768
Working Capital	19.87	12.5	29.48	27.34	13.5	6.76
Book Value Per Share	0.02	0.02	0.03	0.03	0.04	0.07
Tangible Book Value	38.3	36.55	54.81	51.14	66.16	129.56
Tangible Book Value Per Share	0.02	0.02	0.03	0.03	0.04	0.07
Order Backlog	-	10.7	-	-	-	-

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