Himalaya Shipping Ltd. Common Shares (HSHP) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Himalaya Shipping Q2 2025 presentation. For the first part of this call, all participants will be in a listen-only mode. Afterwards, there'll 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 Svendsen. Please begin. Thank you, operator. Welcome to the Q2 2025 conference call for Himalaya Shipping. My name is Lars Christian Svensson, and I'm joined here today by our CFO, Vidar Hasun. Before we begin the presentation, I would like to remind you that we will 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 differ materially from those anticipated. I will now proceed with the highlights of the quarter. We reported a net profit of 1.1 million and an adjusted EBITDA of 20.9 million. The gross time charter equivalent earnings for the quarter were approximately $28,400 per day. I commenced my role as CEO and we appointed Vidar Hasun as contracted CFO on April 1st, 2025. In April, the board also approved a grant of 200,000 share options to key personnel. On June the 3rd, the company successfully completed the uplisting from Euronext Expand to the main list on the Oslo Stock Exchange. Total cash distributions for the quarter totaled 10.5 cents per share for the months of April to June. In subsequent events, we converted the indexed link time charters for four of our vessels to fixed rates at an average of approximately 35,300 per day from 1st of August until 30th September. We achieved a time charge equivalent for July of approximately $33,100 per day. And this morning, we declar...