Jinhui Shipping & Transportation Ltd. · OSL:JIN
Jinhui Shipping & Transportation — Q3 2025 Earnings Presentation
21 slides from Jinhui Shipping & Transportation's earnings presentation, Nov 28, 2025
Slide 1: Q3 2025 Results Presentation
Jinhui Shipping and Transportation Limited Q3 2025 Results Presentation 28 November 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: Q3 2025 Highlights and 9-Mth 2025 Highlights
Q3 2025 Highlights • Revenue for the quarter: US$40 million • EBITDA for the quarter: US$17 million 9-Mth 2025 Highlights • Net profit for the quarter: US$0.08 million • Revenue for the period: US$120 million • Basic earnings per share: US$0.001 • EBITDA for the period: US$67 million • Net profit fo
Slide 4: Q3 2025 Highlights
Q3 2025 Highlights US$ M US$ M US$ 50 8 7.6 16,000 45.6 15,290 45 7 40.4 15,000 40 14,629 6 35 14,000 30 5 25 4 13,000 20 3 12,000 15 2 10 11,000 5 1 0.08 0 0 10,000 Q3 2024 Q3 2025 Q3 2024 Q3 2025 Q3 2024 Q3 2025 Revenue 11% Net profit US$7.5M Average TCE 4% 4
Slide 5: 9-Mth 2025 Highlights
9-Mth 2025 Highlights US$ M US$ M US$ 140 20 18.8 15,000 14,446 120.0 18 120 114.7 15.2 13,878 16 14,000 100 14 80 12 13,000 10 60 8 12,000 40 6 4 11,000 20 2 0 0 10,000 9M 2024 9M 2025 9M 2024 9M 2025 9M 2024 9M 2025 Revenue 4.6% Net profit US$3.6M Average TCE 3.9% 5
Slide 6: Q3 2025 and 9-Mth Highlights
Q3 2025 and 9-Mth Highlights • The Group reported consolidated net profit of US$0.08 million for the current quarter. Chartering revenue declined by 11% to US$40 million, primarily due to a reduced number of owned vessels. • For the first 9-month of 2025, the Group reported consolidated net profit o
Slide 7: Q3 2025 and 9-Mth Highlights
Q3 2025 and 9-Mth Highlights • Daily running costs of owned vessels increased from Q3 2024 of US$5,302 to Q3 2025 of US$5,750 mainly come from the increase in crew cost and expenditures of spare parts on vessels, driven by an increase in operational demands and the need for maintenance to ensure opt
Slide 8: Financial Highlights
Financial Highlights for the quarter and nine months ended 30 September 2025 Q3 2025 Q3 2024 9M 2025 9M 2024 2024 US$’ 000 (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) Revenue 40,425 45,585 119,971 114,724 158,900 Net loss on disposal of owned vessels (3,730) - (6,166) - - Reversal of i
Slide 9: Key Financial Ratios
Key Financial Ratios as at 30 September 2025 Q3 2025 Q3 2024 2024 (Unaudited) (Unaudited) (Audited) Total assets (US$’000) 571,351 514,291 524,202 Total equity (US$’000) 382,936 367,514 371,610 Total borrowings (US$’000) 125,542 87,068 97,994 Current ratio 1 3.03:1 1.16:1 1.27:1 Net gearing 2 2% 12%
Slide 10: Fleet Overview
Fleet Overview • During Q3 2025, completed disposal of four Supramaxes, total consideration amounting to US$44 million. • In additional, another Supramax was disposed in August 2025 and reclassified to assets held for sales as at 30 September 2025. This Supramax will be delivered before end of Decem
Slide 11: Jinhui's Fleet
Jinhui’s Fleet (Based on information up to 27 November 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 capaci
Slide 12: Owned Vessels
Owned Vessels Operating: 20 owned vessels (2 under sales & leaseback arrangements & 1 assets held for sale) Total capacity: deadweight 1,442,000 metric tonnes Average age: 13.95 years Vessel DWT(MT) Year built Shipyard Vessel DWT(MT) Year built Shipyard 1 JIN CHENG 181,279 2012 Imabari 11 JIN HONG 6
Slide 13: Chartered-in Vessels
Chartered-in Vessels (Based on information up to 27 November 2025) Total capacity deadweight for Type Long Term Short Term Total Chartered Chartered chartered-in vessels was deadweight Capesize 1 - 1 554,000 metric tonnes Panamax 2 - 2 Ultramax / Supramax 2 1 3 Total 5 1 6 Long Term Chartered-in Ves
Slide 14: Debt Maturity Profile
Debt Maturity Profile Total debt as of 30 September 2025: US$126 million 90% (2024: US$98 million) 83% 80% 70% 64% • Total debt included bank loan and other borrowings. 60% • Bank loans represented revolving 50% loans and term loans which were secured by the Group’s motor 40% vessels, land & buildin
Slide 15: Cargo Mix Analysis
Cargo Mix Analysis * Including steaming coal and coking coal 60% 60% 50% 40% 2.71 30% Million tonnes (Q3 2024 4.55mt) 20% 16% 10% 10% 6% 5% Q3 2024 2% 1% 0% Q3 2025 Total cargo volume Q3 2025 Cargo Mix (%) 15
Slide 16: Distribution of Cargo: Loading Ports
Distribution of Cargo Loading Ports Analysis Q3 2025 US$M North China 25 America 1% 20% Asia 20 excluding China 15 29% 10 Africa 5 26% 0 South Australia America 15% 9% Q3 2025 Q3 2024 Chartering revenue expressed by loading ports 16 Powe © Australian Bureau of Statistics, GeoNames, Microsoft, Navinf
Slide 17: Distribution of Cargo: Discharging Ports
Distribution of Cargo Discharging Ports Analysis Q3Ports Discharging 2025Analysis 2024 Europe 3% US$M North China 25 America 2% 44% Asia 20 excluding China 15 28% 10 Africa 5 13% 0 South Australia America 8% 2% Q3 2025 Q3 2024 Chartering revenue expressed by discharging ports 17 © Australian Bureau
Slide 18: TCE of Jinhui Fleet
TCE of Jinhui Fleet Average Daily Time Charter Equivalent Rate (TCE) Q3 2025 Q3 2024 9M 2025 9M 2024 2024 Type US$ US$ US$ US$ US$ Capesize Fleet 22,018 23,788 21,491 23,788 24,298 Panamax Fleet 15,032 14,555 14,139 16,254 15,528 Ultramax / Supramax Fleet 13,618 15,228 12,968 14,170 14,466 In Averag
Slide 19: Daily Vessel Running Costs of Owned Vessels
Daily Vessel Running Costs of Owned Vessels US$ US$8,927 US$8,769 US$8,959 10,000 • Daily vessel running cost is calculated as the aggregate of crew 9,000 129 10 expenses, insurance, consumable stores, spare parts, repairs and 8,000 maintenance and other vessels’ miscellaneous expenses divided by ow
Slide 20: Outlook
Outlook • Stable and robust demand for dry raw commodities; • Aging global fleet profile; • Fleet renewal on opportunistic basis; • Uncertainties remain given potential geopolitical risk remains; • Strong balance sheet in order to stay flexible and nimble when opportunities arise. 20
Slide 21: Thank you
Thank you
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