Jinhui Shipping & Transportation Ltd. (JNSTF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone in Europe. Good afternoon to those in Asia. Thank you for joining China Shipping & Transportation Ltd. Q2 and first half 2026 financial results. Can everyone hear me? Sorry, there are further people joining, so I'll accept first. I trust that you've all had a look at the financial results, the announcement, and you have a copy, and I'll share the presentation on the screen. Going through the highlights of current quarter. For Q2, we recorded $36 million for revenue, EBITDA of $17 million, and a net profit for the quarter, $5 million. Basic earnings per share, 0.048 for Q2. For the first half of 2026, we recorded a revenue of US$69 million, EBITDA of US$34 million, a net profit of US$10 million, basic earnings per share 0.088, and a gearing ratio as of the end of June, 7%. Compared to Q2 2025, Q2 2026 recorded a slight decrease. This should be a 9% decrease. This should be quite apparent because there's a Reduction in the number of ships we sold some second-hand ships. Net profit, $5.3 million in Q2 2026, which represents a 374% quarter-on-quarter increase. Average daily TCE stands in Q2 2026, 18,015 US dollars per day, which is a 30% increase compared to Q2 2025 number. For the first half, first half 2026, your revenue compared to first half 2025 is a 13% drop. Again, this is due to the lower number of vessels in our feet, given that we've sold some. Net profit, $9.6 million. 37% drop compared to the first half of 2025. Average TCE in first half 2026, $17,150 per day, a 30% increase compared to the first half in 2025. Shipping related expenses fell by $7.96 million to $14.9 million this quarter, primarily due to the decrease in the number of vessels owned by the first group following the disposal of eight vessels last year, as well as a decline ...