Jinhui Shipping & Transportation Ltd. · OSL:JIN
Jinhui Shipping & Transportation — Q1 2026 Earnings Presentation
20 slides from Jinhui Shipping & Transportation's earnings presentation, May 27, 2026
Slide 1: Q1 2026 Financial Results
Jinhui Shipping and Transportation Limited Q1 2026 Financial Results Quarterly Presentation | 27 May 2026
Slide 2: Disclaimer
Disclaimer This presentation may contain forward looking statements. These statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including the Company’ management's examination of historical operating trends. Although the Company believes that the
Slide 3: Highlights
Highlights Current quarter performance | Q1 2026 • Revenue for the quarter: US$33 million • EBITDA for the quarter: US$17 million • Net profit for the quarter: US$4 million • Basic earnings per share: US$0.040 • Gearing ratio as of 31 March 2026: 5% 2
Slide 4: Q1 2026 Highlights
Q1 2026 Highlights Key performance indicators for the quarter ended 31 March 2026 US$M US$M US$ 50 20 20,000 40 15 15,000 30 10 10,000 20 10 5 5,000 0 0 0 Q1 2026 Q1 2025 Q1 2026 Q1 2025 Q1 2026 Q1 2025 US$32.8M US$4.3M US$16,290 Revenue Net Profit Average Daily TCE EBITDA margin resilient at 19.5%
Slide 5: Q1 2026 Highlights
Q1 2026 Highlights Chartering revenue declined by 17% to US$32.8 million, primarily due to a reduced number of vessels in operation. The Group recorded a consolidated net profit of US$4 million for Q1 2026 compared to US$17 million for Q1 2025. The decrease was mainly due to the absence of a one-off
Slide 6: Q1 2026 Highlights
Q1 2026 Highlights Shipping related expenses declined 36% from US$21.6 million in last correspondence quarter to US$13.9 million in the current quarter. The reduction reflects a reduced number of vessels in operation, alongside a decline in hire payments from expiry of certain chartered-in engagemen
Slide 7: Financial Highlights
Financial Highlights For the quarter ended 31 March 2026 Q1 2026 Q1 2025 2025 US$’000 US$’000 (Unaudited) (Unaudited) (Audited) Revenue 32,792 39,304 157,489 Net loss on disposal of owned vessels - - (9,209) EBITDA 16,914 34,949 79,095 Operating profit 6,240 19,666 21,538 Finance costs (1,916) (2,59
Slide 8: Key Financial Ratios
Key Financial Ratios As at 31 March 2026 Q1 2026 Q1 2025 2025 US$’000 (Unaudited) (Unaudited) (Audited) Total assets (US$’000) 539,044 572,701 549,734 Total equity (US$’000) 383,877 388,684 380,269 Total borrowings (US$’000) 106,899 110,724 114,913 Current ratio 1 3.71:1 1.43:1 3.18:1 Net gearing 2
Slide 9: Fleet Overview
Fleet Overview Based on information up to 26 May 2026 21 Vessels 1.68M dwt 98% Total Fleet Size Total Capacity Fleet Utilization Fleet renewal strategy program • In January, a Supramax contracted to dispose in December 2025 had been cancelled due to one of the contractual clauses cannot be fulfilled
Slide 10: Owned Vessels
Owned Vessels Based on information up to 26 May 2026 Operating: 18 owned vessels (2 under sales & leaseback arrangements & 2 assets held for sale) Total capacity: deadweight 1,329,000 metric tonnes Average age: 14.67 years Vessel DWT(MT) Year built Shipyard Vessel DWT(MT) Year built Shipyard 1 JIN C
Slide 11: Chartered-in Vessels and Ordered Vessels
Chartered-in Vessels and Ordered Vessels Based on information up to 26 May 2026 Long Term Chartered-in Vessel Type DWT(MT) Year built 1 TAHO CIRCULAR* Panamax 84,484 2022 2 TRUE NEPTUNE* Capesize 207,672 2017 * Chartered-in vessels with remaining lease term of more than twelve months as at 26 May 20
Slide 12: Jinhui's Fleet
Jinhui’s Fleet Based on information up to 26 May 2026 For the quarter ended 31 March 2026 38 38 Number of vessels owned 36 36 36 24 23 25 18 18 18 19 3 4 1st Order in Carrying Fleet renewal Group Jinhui China amount Carrying Found Parent 8 Supramaxes deadweight amount Shipping Jinhui Holdings 2.19 m
Slide 13: Debt Maturity Profile
Debt Maturity Profile Based on information up to 31 March 2026 Q1 2026 | in percentage 80% • Total debt included bank loan and other borrowings 70% 68% 62% • Bank loans represented revolving loans and term 60% loans which were secured by the Group’s motor vessels, land & buildings, investment proper
Slide 14: Cargo Mix Analysis
Cargo Mix Analysis Q1 2026 Total Cargo Volume Q1 2026 Cargo Mix (%) 70% 63% 60% 50% 40% 30% 2.02 20% 10% 13% 8% 4% 4% 3% 5% Million tonnes 0% (Q1 2025 3.31 mt) Q1 2025 Q1 2026 * Including steaming coal and coking coal 13
Slide 15: Distribution of Cargo: Loading Ports
Distribution of Cargo Loading Ports Analysis Q1 2026 US$M Europe 15 4% North China America 5% 5% 10 Asia excluding China 20% 5 Africa 21% 0 South America Australia 32% 13% Q1 2026 Q1 2025 Chartering revenue expressed by loading ports © Australian Bureau of Statistics, GeoNames, Microsoft, Navinfo, O
Slide 16: Distribution of Cargo: Discharging Ports
Distribution of Cargo Discharging Ports Analysis Q1 2026 US$M 20 China 15 45% Asia excluding China 10 28% 5 Africa 0 21% South America 6% Q1 2026 Q1 2025 Chartering revenue expressed by discharging ports © Australian Bureau of Statistics, GeoNames, Microsoft, Navinfo, Open Places, OpenStree 15
Slide 17: TCE of Jinhui Fleet
TCE of Jinhui Fleet Average Daily Time Charter Equivalent Rate (TCE) Q1 2026 Q1 2025 2025 Type US$’000 US$ US$ US$ Capesize Fleet 30,408 22,920 21,025 Panamax Fleet 17,705 12,822 14,910 Ultramax / Supramax Fleet 13,710 12,192 13,246 In Average 16,290 13,229 14,182 As at the reporting date, we have s
Slide 18: Daily Vessel Running Costs of Owned Vessels
Daily Vessel Running Costs of Owned Vessels Q1 2026 US$ US$9,503 US$8,715 US$9,089 10,000 • Daily vessel running cost is calculated as 9,000 the aggregate of crew expenses, insurance, consumable stores, spare parts, repairs 8,000 and maintenance and other vessels’ 7,000 3,891 3,340 miscellaneous exp
Slide 19: Outlook
Outlook • Steady freight and asset market expected for 2026; • Supply and demand in relatively good balance; • Cautious with disconnection between assets prices and freight; • Continue to maintain a young fleet; and • Growth vs healthy balance sheet. 18
Slide 20: Thank You
Thank You Questions & Answers Investor Relations ir@jinhuiship.com | +(852) 2545 0951 www.jinhuiship.com
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