Himalaya Shipping Ltd. Common Shares (HSHP) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to this conference call for Himalaya Shipping. For the first part of this call, all participants will be in a listen-only mode. Afterwards, there will be a question and answer session. If you wish to ask a question, please press 5-star on your telephone keypad. This call is being recorded. I'll now turn the call over to your speakers. You may now begin. Thank you, operator. Welcome to the Q3 2025 conference call for Himalaya Shipping. My name is Lars Christian Svensson, and I will be joined here today by our CFO, Vidar Hasun. 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 $9.5 million and an EBITDA of $29.3 million. The gross time chart for equivalent earnings for the quarter was approximately $35,600 per day. We converted the index-linked time charters for four vessels to fixed-rate time charters at an average rate of $35,300 per day from August 1 to September 30. Further conversions were made for four vessels from index linked to fixed time charges at an average rate of $38,500 from October 1st until December 31st. Total cash distributions for the quarter totaled $0.24 per share for the months of July, August, and September. In subsequent events, we achieved a time chart for equivalent earnings for October of about $36,800 per day, and we declared a dividend of $0.07 for the month. And with that, I will now pass the word to Vidar. Thank you, Lars Christian. Himalaya Shipping reports a net profit of $9.5 million and earnin...