Pacific Basin reported FY 2025 revenue of USD 2.08 billion (-19%), with EBITDA of USD 263.1 million (-21%). Underlying profit was USD 59.2 million (-48%) and profit attributable to shareholders was USD 58.2 million (-56%), with basic EPS of 8.9 HK cents. The board recommended a final dividend of 6.0 HK cents per share, taking FY 2025 dividends to 7.6 HK cents per share; the payout represented 100% of FY net profit excluding vessel disposal gains. The company ended 2025 debt-free on a net basis with cash and deposits of USD 270.6 million, net cash of USD 134.0 million, and available committed liquidity of USD 756.1 million, with 46 vessels unmortgaged. It repurchased and cancelled 150.7 million shares for about USD 40 million during 2025 and approved a new share buyback programme of up to USD 40 million for 2026. Operationally, FY 2025 average daily TCE earnings were USD 11,490 for Handysize and USD 12,850 for Supramax, outperforming the relevant Baltic indices by USD 910 per day (9%) and USD 1,220 per day (10%), respectively; operating activity contributed USD 22.9 million before overheads (+32%), with a margin of USD 820 per day over 27,850 days. Pacific Basin said it took steps to mitigate potential US and China port fees targeting Chinese-linked and US-linked ships, including expanding its Singapore structure to hold about half of its owned fleet under Singaporean ownership and flag and relocating ultimate strategic leadership and commercial decision-making to Singapore. Fleet updates included the December 2025 agreement to acquire four 40,000 dwt Handysize newbuildings for about USD 119.2 million (delivery in H1 2028), exercising four purchase options on previously long-term chartered vessels, and selling eight vessels in 2025. The company also updated its dividend policy effective 2026 to pay 50% of annual net profit (excluding vessel disposal gains), increasing up to 100% when in a net cash position at year-end.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pacific Basin Shipping Limited published the original content used to generate this news brief via IIS, the Issuer Information Service operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260303-12038366), on March 03, 2026, and is solely responsible for the information contained therein.
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