KE Holdings Inc (BEKE) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello everyone, a warm welcome to BWLPG's Q2 2025 earnings presentation. My name is Aline Endlicher and I'm the Head of Corporate Communications at BWLPG. Today's presentation will be given by our CEO Christian Sorensen and our CFO Samantha Xu. After the presentation, we will have a Q&A session. The questions can be put into the Q&A chat during the presentation, or you can raise your hand and ask your question directly once we move to the Q&A part. Before we begin, I would like to highlight the legal disclaimers displayed on the current slide. Please also note that today's call is being recorded. And without further ado, I would now like to hand over to our CEO, Christian. Thank you, Aline. And hello, everyone. And thank you for taking the time to be with us today as we review our second quarter financial results and recent developments. So let's turn to slide four, please. The second quarter was marked by extraordinary geopolitical and market events, which substantially increased the market volatility, both for shipping and trading. For the quarter, we reported a TC income of $38,800 per available day and $37,300 per calendar day, above our guidance of $35,000 per day. In a quarter with spot rates fluctuating between $10,000 and $70,000 per day, the time-sharded portfolio played a vital role in protecting our downside. After minority interests, the Q2 profit was $35 million, equivalent to an EPS of $0.23. And the board of directors has declared dividends of 22 cents per share, consisting of 75% of our shipping empath, topped up with retained dividends from product services 2024 results. Moving on to our trading operations, product services achieved a gross profit of $15 million and a profit after tax of $6 million. Samantha will take you through the details later in...