HIGHLIGHTS FOR THE FOURTH QUARTER OF 2025
- Revenue for the quarter: US$38 million
- EBITDA for the quarter: US$13 million
- Net loss for the quarter: US$2.7 million
- Basic loss per share: US$0.025
HIGHLIGHTS FOR THE YEAR ENDED 31 DECEMBER 2025
- Revenue for the year: US$157 million
- EBITDA for the year: US$79 million
- Net profit for the year: US$13 million
- Basic earnings per share: US$0.115
- Gearing ratio as at 31 December 2025: 1%
- Proposed final dividend: US$0.018 per share
The Board of Jinhui Shipping and Transportation Limited (the 'Company') is
pleased to announce the unaudited condensed consolidated results of the Company
and its subsidiaries (the 'Group') for the quarter and year ended 31 December
2025.
Dry bulk freight rates in 2025 were marked by volatility but showed resilience,
supported by strong commodity demand (iron ore, coal, grains) despite
geopolitical disruptions, seasonal swings and impact of trade policy. Rates
fluctuated sharply across vessel classes throughout the year. The Baltic Dry
Index decreased by 4% year-on-year on average over the last year. In light of
these market conditions, the Group operated the majority of its fleet's vessels
under long term contracts while retaining exposure to the spot market.
The Group reported revenue for the fourth quarter of 2025 of US$37,518,000,
representing a decrease of 15% as compared to US$44,176,000 for the
corresponding quarter in 2024. The Group recorded a consolidated net loss of
US$2,687,000 for the current quarter. This is compared to a consolidated net
profit of US$5,189,000 reported in the fourth quarter of 2024, which included a
net reversal of impairment loss of US$1,942,000 on owned vessels and a reversal
of impairment loss of US$4,591,000 on right-of-use assets.
Basic loss per share for the fourth quarter was US$0.025 as compared to basic
earnings per share of US$0.047 for the same quarter in 2024. The fourth quarter
results included a non-recurring net loss of US$3,043,000 on disposal of three
Supramaxes upon their deliveries. The average daily time charter equivalent rate
earned by the Group's fleet decreased from US$15,567 of fourth quarter of 2024
to US$15,254 of current quarter.
For the year 2025, revenue reached US$157,489,000, representing a slightly
decrease compared to US$158,900,000 for 2024. The Group generated a consolidated
operating profit before depreciation and amortization amounted to US$79,095,000
for 2025 as compared to US$74,286,000 for 2024. The Group reported a
consolidated net profit of US$12,544,000 in 2025, representing a decrease from
US$24,005,000 recorded in the prior year. The current year's results included a
non recurring net loss of US$9,209,000 arising from the disposal of eight
Supramaxes. Basic earnings per share for the year 2025 was US$0.115 as compared
to basic earnings per share of US$0.220 for last year 2024. The average daily
time charter equivalent rate for the Group's fleet declined 3.8% to US$14,182
for the year 2025 as compared to US$14,741 for the year 2024.
As at 31 December 2025, the Group operated a fleet of twenty-three vessels, of
which eighteen are owned vessels and five chartered-in vessels, with total
deadweight carrying capacity of approximately 1,825,000 metric tonnes.
For details, please see attachment on http://www.newsweb.no.
This information is subject of the disclosure requirements acc. to §5-12 vphl
(Norwegian Securities Trading Act).