Genco Shipping & Trading Limited (GNK)

Genco Shipping & Trading Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	350.74	423.02	383.83	536.93	547.13	355.56
Revenue Growth (YoY)	-17.15%	10.21%	-28.52%	-1.86%	53.88%	-8.71%
Cost of Revenue	223.66	237.67	249.2	280.49	264.64	254.71
Gross Profit	127.08	185.35	134.63	256.45	282.49	100.85
Selling, General & Admin	34.95	33.78	32.29	29.02	30.07	28.23
Other Operating Expenses	-	5.73	-	-	-	-
Operating Expenses	105.1	108.17	98.75	89.21	86.3	93.4
Operating Income	21.98	77.18	35.87	167.24	196.19	7.45
Interest Expense	-10.91	-13.3	-8.78	-9.09	-15.36	-22.41
Interest & Investment Income	2.05	2.98	2.67	1.04	0.15	1.03
Other Non Operating Income (Expenses)	-0.21	0.01	0.08	1.8	0.57	-0.42
EBT Excluding Unusual Items	12.91	66.87	29.84	160.99	181.56	-14.35
Gain (Loss) on Sale of Assets	4.24	16.47	-	-	4.92	-1.86
Asset Writedown	-1.61	-6.6	-41.72	-	-	-208.94
Other Unusual Items	-	-	-	-	-4.41	-
Pretax Income	15.53	76.74	-11.88	160.99	182.07	-225.14
Income Tax Expense	0.25	0.25	0.47	1.62	0.03	0.43
Earnings From Continuing Operations	15.29	76.5	-12.36	159.36	182.05	-225.57
Minority Interest in Earnings	0.12	-0.1	-0.51	-0.79	-0.04	-
Net Income	15.41	76.4	-12.87	158.58	182.01	-225.57
Net Income to Common	15.41	76.4	-12.87	158.58	182.01	-225.57
Net Income Growth	1.40%	-	-	-12.87%	-	-
Shares Outstanding (Basic)	43	43	43	42	42	42
Shares Outstanding (Diluted)	43	44	43	43	43	42
Shares Change (YoY)	1.03%	2.07%	-0.35%	0.77%	1.63%	0.35%
EPS (Basic)	0.36	1.77	-0.30	3.74	4.33	-5.38
EPS (Diluted)	0.36	1.75	-0.30	3.70	4.27	-5.38
EPS Growth	0.36%	-	-	-13.35%	-	-
Free Cash Flow	12.45	70.17	-2.23	133.28	113.66	16.86
Free Cash Flow Per Share	0.29	1.61	-0.05	3.11	2.67	0.40
Dividend Per Share	1.000	1.460	0.860	2.570	0.970	0.080
Dividend Growth	-24.24%	69.77%	-66.54%	164.95%	1112.50%	-77.14%
Gross Margin	36.23%	43.82%	35.08%	47.76%	51.63%	28.36%
Operating Margin	6.27%	18.24%	9.35%	31.15%	35.86%	2.10%
Profit Margin	4.39%	18.06%	-3.35%	29.53%	33.27%	-63.44%
Free Cash Flow Margin	3.55%	16.59%	-0.58%	24.82%	20.77%	4.74%
EBITDA	74.21	127.93	89.08	219.6	243.1	67.02
EBITDA Margin	21.16%	30.24%	23.21%	40.90%	44.43%	18.85%
D&A For EBITDA	52.23	50.75	53.21	52.36	46.91	59.57
EBIT	21.98	77.18	35.87	167.24	196.19	7.45
EBIT Margin	6.27%	18.24%	9.35%	31.15%	35.86%	2.10%
Effective Tax Rate	1.58%	0.32%	-	1.01%	0.01%	-
Revenue as Reported	350.74	423.02	383.83	536.93	547.13	355.56

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

SEC Filings: 10-K · 10-Q