Jinhui Shipping & Transportation Ltd. · OSL:JIN
Jinhui Shipping & Transportation — Q2 2025 Earnings Presentation
21 slides from Jinhui Shipping & Transportation's earnings presentation, Aug 26, 2025
Slide 1: Jinhui Shipping and Transportation Limited Q2 and First Half 2025 Results Presentation
Jinhui Shipping and Transportation Limited Q2 and First Half 2025 Results Presentation 26 August 2025
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: Q2 2025 Highlights and First Half 2025 Highlights
Q2 2025 Highlights • Revenue for the quarter: US$40 million • EBITDA for the quarter: US$15 million First Half 2025 Highlights • Net loss for the quarter: US$1.9 million • Revenue for the period: US$80 million • Basic loss per share: US$0.018 • EBITDA for the period: US$50 million • Net profit for t
Slide 4: Q2 2025 Highlights
Q2 2025 Highlights US$ M US$ M US$ 45 41.2 10 8.8 16,000 40.2 15,407 40 8 15,000 35 6 13,860 30 14,000 25 4 13,000 20 2 15 12,000 0 10 (2) 11,000 5 (1.9) 0 (4) 10,000 Q2 2024 Q2 2025 Q2 2024 Q2 2025 Q2 2024 Q2 2025 Revenue 2% Net profit US$11M Average TCE 10.0% 4
Slide 5: 1H 2025 Highlights
1H 2025 Highlights US$ M US$ M US$ 15.1 90 16 15,000 79.5 80 14 69.1 13,939 70 11.2 14,000 12 13,538 60 10 13,000 50 8 40 6 12,000 30 20 4 11,000 10 2 0 0 10,000 1H 2024 1H 2025 1H 2024 1H 2025 1H 2024 1H 2025 Revenue 15% Net profit US$3.9M Average TCE 2.9% 5
Slide 6: Q2 and 1H 2025 Highlights
Q2 and 1H 2025 Highlights • The Group reported consolidated net loss of US$2 million for the current quarter with chartering revenue slightly decreased 2% to US$40 million. • For the first half of 2025, the Group reported consolidated net profit of US$15 million and chartering revenue increased 15%
Slide 7: Q2 and 1H 2025 Highlights
Q2 and 1H 2025 Highlights • Bunker-related expenses rose due to increased fuel consumption associated with repositioning of vessels between time charter contracts and bunker usage for voyage charter operations. • Daily running costs of owned vessels increased from Q2 2024 of US$5,396 to Q2 2025 of U
Slide 8: Financial Highlights
Financial Highlights for the quarter and six months ended 30 June 2025 Q2 2025 Q2 2024 1H 2025 1H 2024 2024 US$’ 000 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Revenue 40,242 41,245 79,546 69,139 158,900 Net loss on disposal of owned vessels (2,436) - (2,436) - - Reversal of impairmen
Slide 9: Key Financial Ratios
Key Financial Ratios as at 30 June 2025 Q2 2025 Q2 2024 2024 (Unaudited) (Unaudited) (Audited) Total assets (US$’000) 549,077 488,347 524,202 Total equity (US$’000) 383,854 359,919 371,610 Secured bank loans (US$’000) 100,138 64,718 97,994 Current ratio 1 1.50:1 1.20:1 1.27:1 Net gearing 2 15% 7% 15
Slide 10: Fleet Overview
Fleet Overview • During the quarter, the Group entered into an agreement to dispose of a 2008-Supramax, at a consideration of US$10.2 million; the vessel was delivered to purchaser in July 2025. • The Group entered two sale and leaseback agreements for two vessels as the Group believes that the agre
Slide 11: Jinhui's Fleet
Jinhui’s Fleet (Based on information up to 25 August 2025) 1991 2007 2025 Group Found Listed Oslo Børs 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 Carrying capacity
Slide 12: Owned Vessels
Owned Vessels Operating: 22 owned vessels (including 2 under sales & leaseback arrangements Total capacity: deadweight 1,558,000 metric tonnes Average age: 14.05 years Vessel DWT(MT) Year built Shipyard Vessel DWT(MT) Year built Shipyard 1 JIN CHENG 181,279 2012 Imabari 12 JIN HONG 61,414 2011 Oshim
Slide 13: Chartered-in Vessels
Chartered-in Vessels (Based on information up to 25 August 2025) Total capacity deadweight for Type Long Term Short Term Total Chartered Chartered chartered-in vessels was deadweight Capesize 1 - 1 676,000 metric tonnes Panamax 2 - 2 Ultramax / Supramax 2 3 5 Total 5 3 8 Long Term Chartered-in Vesse
Slide 14: Debt Maturity Profile
Debt Maturity Profile 90% Total debt as of 30 June 2025: 83% 80% US$100 million 80% (2024: US$98 million) 70% 60% * Secured bank loans represented 50% revolving loans and term loans which were secured by the Group’s motor 40% vessels, land & buildings, investment properties and financial assets at f
Slide 15: Cargo Mix Analysis
Cargo Mix Analysis * Including steaming coal and coking coal 70% 60% 58% 50% 3.23 40% Million tonnes 30% (Q2 2024 5.31mt) 20% 16% 10% 10% 7% 5% Q2 2024 4% 0% Q2 2025 Minerals Coal* Steel Cement Agricultural Others Product Products Total cargo volume Q2 2025 Cargo Mix (%) 15
Slide 16: Distribution of Cargo: Loading Ports
Distribution of Cargo Loading Ports Analysis Q2 2025 US$M North China 25 America 2% 30% Asia 20 excluding China 15 23% 10 Africa 5 28% 0 South Australia America 7% 10% Q2 2025 Q2 2024 Chartering revenue expressed by loading ports 16 Power © Australian Bureau of Statistics, GeoNames, Microsoft, Navin
Slide 17: Distribution of Cargo: Discharging Ports
Distribution of Cargo Discharging Ports Analysis Q2Ports Discharging 2025Analysis 2024 US$M North China 25 America 1% 37% Asia 20 excluding China 15 29% 10 Africa 5 30% 0 South Australia America 2% 1% Q2 2025 Q2 2024 Chartering revenue expressed by discharging ports 17 © Australian Bureau of Statist
Slide 18: TCE of Jinhui Fleet
TCE of Jinhui Fleet Average Daily Time Charter Equivalent Rate (TCE) Q2 2025 Q2 2024 1H 2025 1H 2024 2024 Type US$ US$ US$ US$ US$ Capesize Fleet 19,300 - 21,203 - 24,298 Panamax Fleet 15,046 17,702 13,795 17,478 15,528 Ultramax / Supramax Fleet 13,158 15,110 12,674 13,560 14,466 In Average 13,860 1
Slide 19: Daily Vessel Running Costs of Owned Vessels
Daily Vessel Running Costs of Owned Vessels US$ US$9,839 US$8,742 US$8,959 10,000 9,000 10 • Daily vessel running cost is calculated as the aggregate of crew expenses, insurance, consumable stores, spare parts, repairs and 8,000 maintenance and other vessels’ miscellaneous expenses divided by 3,120
Slide 20: Outlook
Outlook • Volatility is expected to be high • Long term commitment risk • New supply coming on line soon • Financial strength will be key 20
Slide 21: Thank you
Thank you
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