Jinhui Shipping & Transportation Ltd. · OSL:JIN
Jinhui Shipping & Transportation — Q4 2025 Earnings Presentation
21 slides from Jinhui Shipping & Transportation's earnings presentation, Feb 27, 2026
Slide 1: Jinhui Shipping and Transportation Limited
Jinhui Shipping and Transportation Limited Q4 2025 & Annual Results Presentation 27 February 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: Q4 2025 Highlights and Year 2025 Highlights
Q4 2025 Highlights • Revenue for the quarter: US$38 million • EBITDA for the quarter: US$13 million Year 2025 Highlights • Net loss for the quarter: US$2.7 million • Revenue for the year: US$157 million • Basic loss per share: US$0.025 • EBITDA for the year: US$79 million • Net profit for the year:
Slide 4: Q4 2025 Highlights
Q4 2025 Highlights US$ M US$ M US$ 50.0 16,000 15,567 6.0 44.2 5.2 15,254 5.0 15,000 40.0 37.5 4.0 3.0 14,000 30.0 2.0 13,000 20.0 1.0 0.0 12,000 10.0 (1.0) 11,000 (2.0) 0.0 (2.7) 10,000 (3.0) Q4 2024 Q4 2025 Q4 2024 Q4 2025 Q4 2024 Q4 2025 Revenue 15% Net profit US$7.9M Average TCE 2% 4
Slide 5: 2025 Highlights
2025 Highlights US$ M US$ M US$ 14,741 200.0 30.0 15,000 24.0 14,182 158.9 157.5 25.0 14,000 150.0 20.0 13,000 100.0 15.0 12.5 12,000 10.0 50.0 11,000 5.0 0.0 0.0 10,000 2024 2025 2024 2025 2024 2025 Revenue 0.9% Net profit US$11.5M Average TCE 3.8% 5
Slide 6: 2025 Highlights
2025 Highlights • The Group reported consolidated net loss of US$2.7 million for the current quarter. Chartering revenue declined by 15% to US$37.5 million, primarily due to a reduced number of owned vessels. • For year 2025, the Group reported consolidated net profit of US$12.5 million and charteri
Slide 7: 2025 Highlights
2025 Highlights • A modest decline of shipping related expenses from US$84.4 million in 2024 to US$84.2 million. The reduced in number of inward time charters arrangements lowered the hire payment expenses from US$22 million last year to US$12 million current year. However, this reduction was offset
Slide 8: Financial Highlights
Financial Highlights for the quarter and year ended 31 December 2025 Q4 2025 Q4 2024 2025 2024 US$’ 000 (Unaudited) (Unaudited) (Unaudited) (Audited) Revenue 37,518 44,176 157,489 158,900 Net loss on disposal of owned vessels (3,043) - (9,209) - Reversal of impairment loss on - 6,533 - 6,533 owned v
Slide 9: Key Financial Ratios
Key Financial Ratios as at 31 December 2025 2025 2024 (Unaudited) (Audited) Total assets (US$’000) 549,734 524,202 Total equity (US$’000) 380,269 371,610 Total borrowings (US$’000) 114,913 97,994 Current ratio 1 3.18:1 1.27:1 Net gearing 2 1% 15% Available liquidity (US$’000) 3 110,924 40,908 Return
Slide 10: Fleet Overview
Fleet Overview • During Q4 2025, completed disposal of three aging Supramaxes, total consideration amounting to US$34 million. • In sum up, the Group completed eight disposal of Supramaxes and committed four shipbuilding contracts for the acquisition of Ultramaxes, to be delivered in 2028. • As at 3
Slide 11: Jinhui's Fleet
Jinhui’s Fleet (Based on information up to 26 February 2026) 2024 1991 2007 to Group Found Listed Oslo Børs 2026 Took Delivery Jinhui Shipping listed on Operation with 38 Oslo Stock Exchange Owned Vessels Listed HKEx 1st Order in China Fleet Expansion Parent Jinhui Holdings 8 Supramaxes from Carryin
Slide 12: Owned Vessels
Owned Vessels Operating: 18 owned vessels (2 under sales & leaseback arrangements) 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 CHENG 181,279 2012 Imabari 10 JIN BI 56,361 2012 Jiangsu Hantong
Slide 13: Chartered-in Vessels and Ordered Vessels
Chartered-in Vessels and Ordered Vessels (Based on information up to 26 February 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
Slide 14: Debt Maturity Profile
Debt Maturity Profile Total debt as of 31 December 2025: US$115 million 90% (2024: US$98 million) 83% 80% 70% • Total debt included bank loan and 62% other borrowings. 60% • Bank loans represented revolving 50% loans and term loans which were secured by the Group’s motor 40% vessels, land & building
Slide 15: Cargo Mix Analysis
Cargo Mix Analysis * Including steaming coal and coking coal 60% 55% 50% 40% 11.91 30% Million tonnes (2024 15.80mt) 20% 13% 10% 10% 8% 6% 6% 2024 2% 0% 2025 Total cargo volume 2025 Cargo Mix (%) 15
Slide 16: Distribution of Cargo: Loading Ports
Distribution of Cargo Loading Ports Analysis 2025 Europe US$M 1% North China 80 America 2% 24% 70 Asia 60 excluding China 50 27% 40 30 Africa 20 24% 10 0 South Australia America 10% 12% 2025 2024 Chartering revenue expressed by loading ports 16 © Australian Bureau of Statistics, GeoNames, Microsoft,
Slide 17: Distribution of Cargo: Discharging Ports
Distribution of Cargo Discharging Ports Analysis 2025 Discharging Ports Analysis 2024 Europe 1% US$M North China 70 America 2% 42% 60 Asia excluding 50 China 40 27% 30 20 Africa 10 22% 0 South Australia America 5% 1% 2025 2024 Chartering revenue expressed by discharging ports 17 © Australian Bureau
Slide 18: TCE of Jinhui Fleet
TCE of Jinhui Fleet Average Daily Time Charter Equivalent Rate (TCE) Q4 2025 Q4 2024 2025 2024 Type US$ US$ US$ US$ Capesize Fleet 19,705 24,500 21,025 24,298 Panamax Fleet 17,387 13,900 14,910 15,528 Ultramax / Supramax Fleet 14,270 15,356 13,246 14,466 In Average 15,254 15,567 14,182 14,741 • As o
Slide 19: Daily Vessel Running Costs of Owned Vessels
Daily Vessel Running Costs of Owned Vessels US$ 12,000 • Daily vessel running cost is calculated as the US$9,063 US$10,135 US$9,152 US$8,959 aggregate of crew expenses, insurance, 10,000 consumable stores, spare parts, repairs and maintenance and other vessels’ miscellaneous 142 63 10 expenses divid
Slide 20: Outlook
Outlook • Demand for commodities robust especially minor bulks; • Supply of vessels has been absorbed with little disruption to freight market; • Geopolitical uncertainty remains; and • Will continue to balance growth vs financial stability. 20
Slide 21: Thank you
Thank you
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