Martin Fruehgard
Chief Executive Officer
Replay available
Pacific Basin Shipping Limited (OTC: PCFBF) Q4 2025 earnings conference call, held 2026-03-03. Replay captured from the company's public earnings webcast.

Chief Executive Officer
Chief Financial Officer
Analyst
Analyst
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WEBVTT 00:00:01.111 -- 00:00:06.501 Welcome to today's Pacific Basin 2025 Annual Results Announcement Conference 00:00:06.501 -- 00:00:10.548 Call. I am pleased to present Chief Executive Officer, Mr. 00:00:10.548 -- 00:00:13.874 Martin Fruehgard, and Chief Financial Officer, Mr. 00:00:13.874 -- 00:00:19.143 Jimmy Ng. For the first part of this call, all participants will be in listen-only 00:00:19.143 -- 00:00:23.711 mode, and afterwards there will be a question and answer session. 00:00:23.711 -- 00:00:26.221 Mr. Fruehgard, please begin. 00:00:26.221 -- 00:00:30.927 Thank you and welcome, ladies and gentlemen, and thank you for attending Pacific Basin's 00:00:30.927 -- 00:00:32.389 2025 00:00:32.389 -- 00:00:35.293 Annual Results Earnings Call. 00:00:35.293 -- 00:00:38.718 Assuming you have already gone through the presentation, 00:00:38.718 -- 00:00:44.303 we will highlight key points discussed in it before we proceed to Q&A. 00:00:44.907 -- 00:00:47.968 Please turn to slide two. 2025 00:00:48.551 -- 00:00:53.322 was a year with various evolving geopolitical and market challenges. 00:00:53.322 -- 00:00:58.590 2026 has begun with an escalation of these challenges, not least the outbreak 00:00:58.590 -- 00:01:01.915 of war in the Middle East over the weekend. 00:01:01.915 -- 00:01:07.343 However, it was gratifying to see that our integrated platform again demonstrated 00:01:07.343 -- 00:01:13.590 agility and resilience, leading to a solid financial performance in 2025. 00:01:13.753 -- 00:01:18.777 During the year, we generated an EBITDA of US$263.1 00:01:19.942 -- 00:01:25.000 billion, underlying profit of $39.2 million, 00:01:25.000 -- 00:01:27.785 and net profit of $58.2 00:01:27.785 -- 00:01:29.527 million. 00:01:29.527 -- 00:01:34.615 Our balance sheet remains s...