Pelagic Credit Plc · OSL:PLGC
Pelagic Credit — H1 2026 Earnings Presentation
16 slides from Pelagic Credit's earnings presentation, Aug 3, 2026
Slide 1: H1 2026 Earnings Presentation
1 H1 2026 Earnings Presentation 3 August 2026 Pelagic Credit
Slide 2: Disclaimer
Disclaimer The release, publication or distribution of this presentation in certain jurisdictions may be restricted by law. Persons in such jurisdictions into which this presentation is released, published or distributed should inform themselves about, and observe, such restrictions. This presentati
Slide 3: Key developments & financial figures; New transactions; Portfolio snapshot; Key takeaways
1. Key developments & financial figures 2. New transactions announced @FH: Please add stock photo 3. Portfolio snapshot & outlook 4. Key takeaways
Slide 4: Key developments
Key developments Execution according to plan since launch March 2026 July 2026 July 2026 August 2026 Private placement and listing Closing of 3rd transaction Closing of 4th transaction Declaration of first quarterly on Euronext Growth (Oslo) 2x Chemical Tankers 3x Handysize bulk carriers dividend –
Slide 5: Key financial figures H1 2026
Key financial figures H1 2026 Strong cash flow visibility in line with expectations US$ 60.8 m US$ 1.6m US$ 0.04/share Capital deployed1 Profit before tax H1 2026 (US$ 1.5m) Dividend declared 5.1 years US$ 107.1m 14.0% Average remaining charter tenor2 Lease-adjusted revenue backlog3 Project-level di
Slide 6: New project: Handysize dry bulk carriers
New project: Handysize dry bulk carriers First investment in the dry bulk sector, backed by strong time charter coverage US$ 10.5m US$ 42.1m 7 years Lease-adjusted revenue Net investment1 backlog2 Firm-period charter tenor Structure Employment and counterparties • Acquisition of three handysize bulk
Slide 7: New project: Chemical tanker newbuildings
New project: Chemical tanker newbuildings First investment in the chemical tanker sector, combining predelivery financing with post-delivery sale-and-bareboat-charter-back US$ 24.4m US$ 4.2m 1 year Predelivery net Lease-adjusted revenue backlog2 W.A. duration to delivery3 investment1 Structure Emplo
Slide 8: Portfolio snapshot
Portfolio snapshot Closed deals represent up to USD 107.1m of lease-adjusted revenue backlog Contractual Lease-adjusted revenue Client Vessels Closing Tenor security Net investment1 backlog (firm / optional)2 3x MPPs Oct-25 5 years +1 Guarantee US$ 17.4m US$ 36.0m / US$ 44.5m 14.2% Base-case project
Slide 9: Execution pipeline
Execution pipeline1 Robust pipeline of “turn-key” projects enables timely deployment of funds Lease-adjusted Est. Contractual Net revenue backlog Client Vessels Closing Tenor security investment2 (firm / optional)3 Update 13.9% Project in execution. Base-case 1x cement 7 2H26 mts 5 years 3-yr CoA US
Slide 10: Deployment runway
Deployment runway Full deployment expected within FY 2026 Aug ‘26 80.0 70.0 75.0 (1.9) (17.4) 60.0 (8.5) 50.0 Cash flows / Deployment1 1.5 48.7 0.8 49.5 (5.8) 40.0 (10.5) (US$ m) 30.0 (1.5) (18.6) Execution Pipeline2 20.0 10.0 (5.0) (28.9) - (10.0) (20.0) Equity raise IPO fees Deployment Deployment
Slide 11: Key takeaways
Key takeaways Disciplined growth, continued portfolio expansion Q2 performance reflects resilient business model 1 Supported by predictable, contracted cash flows; well protected from the current macro-economic uncertainty Successful deployment into new transactions after close of Q2 2026 2 Complete
Slide 12: Appendices
Appendices Pelagic Partners 12
Slide 13: Consolidated statement of profit and loss
Consolidated statement of profit and loss @FH: Please add stock photo H1 2026 01/01/2026-30/06/2026 01/04/2026-30/06/2026 US$ US$ Interest income calculated under the effective interest method 3 219 275 1 709 745 Administration expenses (817 437) (663 211) Operating profit 2 401 838 1 046 534 Financ
Slide 14: Consolidated statement of financial position
Consolidated statement of financial position @FH: Please add stock photo H1 2026 30/06/2026 31/12/2025 US$ US$ ASSETS Non-current assets Other financial asset – restricted cash 600 000 600 000 Financial asset at amortised cost 52 951 390 38 035 600 53 551 390 38 635 600 Current assets Trade and othe
Slide 15: Consolidated statement of cash flows
Consolidated statement of cash flows @FH: Please add stock photo H1 2026 01/01/2026-30/06/2026 US$ CASH FLOWS FROM OPERATING ACTIVITIES Profit before tax 1 575 342 Adjustments for: Amortisation of deferred financing cost 23 933 Interest expense 1 220 135 Interest income calculated under the effectiv
Slide 16: Pelagic Credit
PELAGIC CREDIT Propelled by Pelagic Partners