Pangaea Logistics Solutions Ltd. (PANL)

PANL Balance Sheet

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

Assets

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Equivalents	105.68	103.05	86.81	99.04	128.38	56.21
Cash & Short-Term Investments	105.68	103.05	86.81	99.04	128.38	56.21
Cash Growth	78.35%	18.72%	-12.35%	-22.86%	128.41%	19.86%
Accounts Receivable	59.15	55.85	42.37	47.89	36.76	54.26
Other Receivables	16.98	11.19	7.35	5.78	7.72	17.01
Receivables	76.12	67.04	49.72	53.67	44.48	71.27
Inventory	51.1	28.39	32.85	16.56	29.1	27.15
Prepaid Expenses	14.51	7.92	9.52	7.07	4.78	5.96
Other Current Assets	18.54	9.38	13.1	15.49	15.77	23.38
Total Current Assets	265.94	215.78	191.99	191.83	222.51	183.96
Property, Plant & Equipment	683.57	704.38	736.6	504.66	520.45	517.11
Long-Term Investments	3.37	3.99	3.75	3.81	5.28	3.96
Goodwill	3.11	3.11	3.11	3.1	-	-
Other Intangible Assets	0.42	0.58	1.01	1.78	-	-
Other Long-Term Assets	0.27	0.27	-0	-	-	1.99
Total Assets	956.68	928.1	936.46	705.18	748.24	707.02

Liabilities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Accounts Payable	19.23	14.33	16	34.35	9.98	7.03
Accrued Expenses	64.87	39.55	30.58	-	28.57	39.58
Short-Term Debt	-	-	-	-	-	2.79
Current Portion of Long-Term Debt	78.68	44.81	41.84	49.73	15.78	15.44
Current Portion of Leases	1	2.08	2.84	2.99	16.37	14.48
Current Unearned Revenue	27.81	24.89	15.45	15.63	20.88	32.21
Other Current Liabilities	0.61	2.39	2.39	2.64	0.63	0.21
Total Current Liabilities	192.18	128.03	109.11	105.33	92.21	111.74
Long-Term Debt	261.9	316.93	342.25	198.48	98.82	105.84
Long-Term Leases	7.91	8.4	10.43	13.23	168.51	170.96
Other Long-Term Liabilities	-	-	-0	17.94	19.97	17.81
Total Liabilities	462	453.36	461.79	334.98	379.52	406.34

Shareholders' Equity

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Common Stock	0.01	0.01	0.01	0	0	0
Additional Paid-In Capital	259.39	257.07	258.66	164.85	162.89	161.53
Retained Earnings	189.23	172.26	169.16	159.03	151.33	85.66
Comprehensive Income & Other	-	-0	0	-	-	-
Total Common Equity	448.63	429.33	427.82	323.89	314.23	247.2
Minority Interest	46.05	45.4	46.84	46.31	54.5	53.48
Shareholders' Equity	494.68	474.74	474.67	370.2	368.72	300.68
Total Liabilities & Equity	956.68	928.1	936.46	705.18	748.24	707.02

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Total Debt	349.49	372.21	397.37	264.44	299.48	309.51
Net Cash (Debt)	-243.81	-269.15	-310.57	-165.4	-171.1	-253.3
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share	-3.74	-4.16	-6.74	-3.64	-3.80	-5.65
Filing Date Shares Outstanding	65.47	65.32	65.63	46.72	46.48	45.73
Total Common Shares Outstanding	65.47	64.97	64.96	46.47	45.9	45.62
Working Capital	73.76	87.74	82.89	86.49	130.3	72.22
Book Value Per Share	6.85	6.61	6.59	6.97	6.85	5.42
Tangible Book Value	445.1	425.65	423.71	319	314.23	247.2
Tangible Book Value Per Share	6.80	6.55	6.52	6.87	6.85	5.42
Land	-	3.24	3	2.57	2.54	2.54
Machinery	-	854.27	856.78	598.71	582.83	569.63

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Aug 10, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 6, 2026

Data Sources Report a data error