2020 Bulkers Ltd (TTBKF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to 2020 Bulkers Q4 2025 Financial Presentation. For the first part of this call, all participants are in a listen-only mode. Afterwards, there will be a question-and-answer session. To ask a question during the Q&A, please press 5-star on your telephone keypad. This call is being recorded. I'll now turn the call over to CEO Lars Christian Svensson. Please begin. Thank you, Operator. Welcome to the Q4 2025 Conference Call for 2020 Bulkers. My name is Lars Christian Svensson and I will be joined here today by our Chairman Magnus Halvorsen and our CFO Vidar Asun. Before we start the presentation, I would like to remind you that we will be discussing matters that are forward-looking. These assumptions reflect the company's current views regarding future events and are subject to risks and uncertainties. Actual results may differ materially from those anticipated. I will now continue with the highlights of the quarter. We reported a net profit of $13.8 million and an EBITDA of $16.5 million for the fourth quarter of 2025. We achieved an average time charter rate of about $39,300 per day in the same period. Our total dividends amounted to 63 cents for the months of October, November and December 2025. In October 2025, we signed an agreement to sell the bulk Sao Paulo for a total of $72.75 million with Q1 2026 delivery. In November 2025, we signed a further agreement to sell the bulk Sydney and the bulk Santos for a total of $145.5 million. These two vessels will also be delivered to new owners within Q1 2026. In subsequent events, we reported an average net TEC earnings of about $30,800 per day for the month of January 2026. And this morning, we also announced a dividend of 15 cents for the same month. And with that, I will now pass the word to Vidar. Thank you, La...