Pacific Basin Shipping Limited released its annual results for the year ended 31 December 2025. It reported a net profit of US$58.20 million, an underlying profit of US$59.20 million, and EBITDA of US$263.10 million. Basic earnings per share stood at HK8.9 cents.

The company declared a final dividend of HK6.0 cents per share. Together with the interim dividend of HK1.6 cents announced in August 2025, total dividends for the year amount to 100% of net profit (excluding vessel disposal gains).

As of 31 December 2025, the group’s cash and deposits totaled US$270.60 million, with available committed liquidity of US$756.10 million. The group remained in a net cash position of US$134.00 million, with 46 vessels unmortgaged.

According to the announcement, in 2025 Pacific Basin Shipping’s Handysize and Supramax fleets earned daily TCE rates of US$11,490 and US$12,850 respectively, outperforming market indices by 9% and 10%. The company’s operating activity achieved US$22.90 million in contribution on 27,850 operating days. Cash break-even costs per day were US$6,880 for Handysize and US$6,540 for Supramax.

The group highlighted its plan for disciplined fleet growth, noting the agreement in December 2025 to purchase four 40,000 dwt Handysize newbuildings for a total of US$119.20 million, with delivery in the first half of 2028. Pacific Basin Shipping stated that it will continue pursuing new opportunities aligned with its stated focus on operational efficiency, customer relationships, and prudent capital management. The board also expanded its dividend policy to pay out up to 100% of net profit when the company is in a net cash position at the end of the year.