The Pacific Shipping Company (02343) announced its annual performance, with a net profit attributable to shareholders of 58.2 million US dollars, a decrease of 56% compared to the previous year.

Pacific Shipping (02343) announced its annual results for the year ending December 31, 2025. The group achieved a turnover of $2.081 billion, a decrease of 19% year-on-year; shareholders' profit attributable to equity holders was $58.2 million, a decrease of 56% year-on-year; basic earnings per share were 8.9 Hong Kong cents, with a proposed final dividend of 6 Hong Kong cents per share. In 2025, our core business obtained an average daily income of $11,490 and $12,850 for our Handysize and Supramax dry bulk carriers, respectively, based on time charter equivalent basis, generating a total revenue of $117.2 million (excluding management expenses). Our operational activities achieved a daily profit of $820 on 27,850 operating days, resulting in a revenue of $22.9 million (excluding management expenses). The daily cash breakeven levels for our Handysize and Supramax dry bulk carriers (including operating expenses, general and administrative expenses, and financial expenses) were $6,880 and $6,540, respectively; our cost control was effective and leading in the industry.