Pacific Basin Shipping Limited (PCFBF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to today's Pacific Basin 2025 Annual Results Announcement Conference Call. I am pleased to present Chief Executive Officer, Mr. Martin Fruehgard, and Chief Financial Officer, Mr. Jimmy Ng. For the first part of this call, all participants will be in listen-only mode, and afterwards there will be a question and answer session. Mr. Fruehgard, please begin. Thank you and welcome, ladies and gentlemen, and thank you for attending Pacific Basin's 2025 Annual Results Earnings Call. Assuming you have already gone through the presentation, we will highlight key points discussed in it before we proceed to Q&A. Please turn to slide two. 2025 was a year with various evolving geopolitical and market challenges. 2026 has begun with an escalation of these challenges, not least the outbreak of war in the Middle East over the weekend. However, it was gratifying to see that our integrated platform again demonstrated agility and resilience, leading to a solid financial performance in 2025. During the year, we generated an EBITDA of US$263.1 billion, underlying profit of $39.2 million, and net profit of $58.2 million. Our balance sheet remains strong. We closed the year with a net cash of $134 million and an undrawn committed facility of $485.5 million, illustrating our strong liquidity. All in all, we delivered solid shareholder value in 2025, with a total distribution of $19.5 million through share buybacks and dividends declared for the year. The total shareholder return for 2025 was 46%. Please turn to slide 3. We remain committed to returning value to our shareholders through both dividends and share buybacks. The Board has declared a final dividend of HK$0.06 per share which together with the interim dividend of 1.6 Hong Kong cents per share, distributed in August 2025, a...