2020 Bulkers Ltd (TTBKF) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to 2020 Bolgers Q3 2025 financial presentation. Today's call is being recorded. All participants will be in a listen-only mode throughout the presentation and afterwards there will be a question and answer session. To ask a question please press five star on your telephone keypad. I would now like to introduce CEO Lars Christian Svendsen. Please begin. Thank you, operator. Welcome to the Q3 2025 conference call for 2020 Bulkers. My name is Lars Christian Svensson, and I'm joined here today by our CFO, Vilar Hasun. Before we begin the presentation, I would like to remind you that we'll be discussing matters that are forward-looking. These statements reflect the company's current views regarding future events and are subject to risks and uncertainties. Actual results may materially differ from those anticipated. I will now proceed with the highlights of the quarter. We reported a net profit of 9.8 million and an EBITDA of 14.2 million. The gross TCE earnings for the quarter were approximately $35,100 per day. We declared a total dividends of 54 cents per share for the months of July, August, and September, and the company used FFA to hedge two vessels at $33,700 per day from the 1st of August until 31st December. The company also signed agreements to sell vessels Bolk Sonnefjord, Bolk Santiago and Bolk Schensen for a total consideration of $209 million with an agreed delivery to the new owners in Q1 2026. In subsequent events, we signed an agreement to sell the vessel Bolk Sao Paulo for a total consideration of $72.75 million with Q1 2026 delivery for this unit as well. For October, we achieved a time chart equivalent of about $36,000 per day and a dividend payout of 19 cents per share for the month. And with that, I will now pass the floor to Vidar. Thank you,...