2020 Bulkers Ltd. · OSL:2020
2020 Bulkers — Q4 2025 Earnings Presentation
7 slides from 2020 Bulkers's earnings presentation, Feb 11, 2026
Slide 1: 2020 Bulkers Ltd. Q4 2025 Results presentation
2020 Bulkers Ltd. Q4 2025 Results presentation | February 11, 2026
Slide 2: Disclaimer
Disclaimer This presentation (the "Presentation") has been prepared by 2020 Bulkers Ltd. (the "Company") and is made February 11, 2026, solely for information purposes. The Presentation does not constitute any recommendation to buy, sell or otherwise transact with any securities issued by the Compan
Slide 3: Highlights
Highlights Q4 2025 Highlights: • The Company reported net profit of US$13.8 million and EBITDA of US$16.5 million for the fourth quarter of 2025. • The Company achieved average time charter equivalent earnings of approximately US$39,300 per day, gross. • The Company declared total dividends of US$0.
Slide 4: Key Financials Q4 2025
Key Financials Q4 2025 Income Statement Comments Net profit of US$13.8 million USD million, except per share data Q4 2025 Operating profit of US$15.8 million EBITDA of US$16.5 million Operating Revenues and other income 21.4 Vessel operating expenses (3.5) Earnings per share of US$0.60 Voyag
Slide 5: Key Financials Q4 2025
Key Financials Q4 2025 Balance Sheet Summary Comments Shareholders’ equity of US$148.4 million December 31, Interest bearing debt of US$112.5 million. No amortization until USD million 2025 maturity in April 2029. Total assets 270.2 Cash flow from operations was US$15.5 million in Q4 2025 Equi
Slide 6: Conclusion
Conclusion 2020 Bulkers History A successful voyage 8 Newcastlemax vessels ordered for an average of US$47.6 700 million each in 2017 600 Profitable every quarter since delivery of the first vessel Newbuilding program financed by US$142 million in equity 500 US$251 million declared in return
Slide 7: Thank you
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