Himalaya Shipping Ltd. Common Shares (HSHP) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to Himalaya Shipping Q4 for 2025 conference call. 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 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 $13.5 million and an EBITDA of $33.3 million. The gross time chart equivalent earnings for the quarter was approximately $39,600 per day. We converted the index link time charters for four vessels to fixed rate at an average rate of approximately $27,700 per day from January 1st to March 31st, 2026. We entered into a new time charter agreement for the Mount Elbrus until June 30th, 2026 at a fixed rate of $30,000 per day, which thereafter will be converted into an index linked rate, reflecting a significant premium to the Baltic 5TC index. We also executed a time charter agreement for the Mount Ita for a period of 11 to 14 months at an index linked rate. This one also had a premium to the Baltic 5TC index. Cash distributions for the quarter totaled 30 cents. In subsequent events, we achieved time chart of equivalent earnings for January ...