FSL Trust Reports 26.8% Drop in Revenue, 26.9% Increase in Profit, EPS Rises by 25% for 1H 2025
Reuters
Aug 05, 2025
FSL Trust Reports 26.8% Drop in Revenue, 26.9% Increase in Profit, EPS Rises by 25% for 1H 2025
First Ship Lease Trust (FSL Trust) has announced its financial results for the half year ended 30 June 2025. The group's revenue for 1H 2025 was $3.0 million, marking a 26.8% decrease from $4.096 million in 1H 2024. The profit for the period increased by 26.9%, with $1.748 million recorded in 1H 2025 compared to $1.377 million in 1H 2024. The adjusted EBITDA, excluding gains/losses from the disposal of vessels, decreased by 33.4% from $3.067 million in 1H 2024 to $2.042 million in 1H 2025. Earnings per unit increased by 25% from 0.08 US cents in 1H 2024 to 0.10 US cents in 1H 2025. The group's fleet as of 30 June 2025 comprised six tankers, all employed under fixed-rate period charters. The vessel portfolio had an average age of approximately 18 years with a dollar-weighted average remaining lease period of about one year. No specific outlook or guidance for future periods was included in the announcement.
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