Pacific Basin demonstrated strong financial performance and shareholder value initiatives, with significant improvements in freight rates and strategic fleet management. However, the company faced challenges from market weakness in Q4 2024, increased operating costs, and potential regulatory impacts. While there are positive prospects for 2025, the sentiment is tempered by these challenges.

Company Guidance -

Q4 2025

In Pacific Basin's 2024 Annual Results Earnings Call, CEO Martin Fruergaard provided a comprehensive overview of the company's financial performance and strategic initiatives. The company reported an EBITDA of $333 million and a net profit of $132 million, resulting in a 7% return on equity and an earnings per share of HK 0.199. They have a robust balance sheet with net cash of $20 million and committed liquidity of $548 million. In 2024, Pacific Basin's core business generated $178 million, benefiting from a stronger freight market, and their operating activity contributed $17 million with a margin of $630 per day over 27,610 days. The Board recommended a final dividend of HK0.051 per share, totaling $61 million in dividends for the year, which is 50% of net profit, excluding vessel disposal gains. They also completed a $40 million share buyback program, reducing share capital by 2%. Average market spot freight rates increased by 24% for Handysize and 21% for Supramax year-on-year, supported by strong Chinese demand. The company covered 92% and 100% of first-quarter 2025 vessel days for Handysize and Supramax at rates higher than current market spot rates. The call concluded with anticipation of continued volatility into 2025 and the introduction of Jimmy Ng as the new CFO starting in May 2025.

Strong Financial Position and Liquidity

Pacific Basin maintained a robust financial position with $548 million of available committed liquidity, including $282 million in cash and deposits. The company also returned to a net cash position of $20 million in 2024.

Shareholder Value Initiatives

The Board recommended a total dividend of 50% of net profit for 2024 and approved a $40 million share buyback program for 2025. In 2024, the company completed a $40 million share buyback, reducing issued share capital by 2%.

Improvement in Freight Rates

Average market spot freight rates for Handysize and Supramax increased by 24% and 21% year-on-year, respectively, driven by strong Chinese demand for coal, iron ore, and bauxite.

Outperformance in Handysize and Supramax

In 2024, Handysize and Supramax vessels outperformed indices by $1,720 and $710 per day, respectively. The Handysize outperformance was driven by well-timed cargo coverage and optimized trading.

Strategic Fleet Management

The company exercised the purchase option on a 158,000 deadweight tonnage Supramax vessel and sold five older Handysize vessels, maintaining a disciplined approach to fleet growth and renewal.

Pacific Basin Shipping (HK:2343) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

HK:2343 Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 26, 2026	2025 (Q4)	- / -	0.112	―	―	―
Aug 07, 2025	2025 (Q2)	- / 0.04	0.086	-54.55% (-0.05)
Feb 28, 2025	2024 (Q4)	- / 0.11	0.036	211.11% (+0.08)
Aug 08, 2024	2024 (Q2)	- / 0.09	0.133	-35.29% (-0.05)	―
Feb 29, 2024	2023 (Q4)	- / 0.04	0.357	-89.92% (-0.32)
Jul 31, 2023	2023 (Q2)	- / 0.13	0.667	-80.00% (-0.53)	―	―
Feb 23, 2023	2022 (Q4)	- / 0.36	1.129	-68.38% (-0.77)	―	―
Jul 29, 2022	2022 (Q2)	- / 0.67	0.235	183.33% (+0.43)	―	―
Feb 24, 2022	2021 (Q4)	- / 1.13	0.023	4808.70% (+1.11)	―	―
Jul 29, 2021	2021 (Q2)	- / 0.24	-0.361	165.22% (+0.60)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

HK:2343 Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Feb 28, 2025	HK$1.60	HK$1.52	-4.87%
Aug 08, 2024	HK$2.10	HK$2.06	-1.81%
Feb 29, 2024	HK$2.00	HK$2.13	+7.02%
Jul 31, 2023	HK$2.36	HK$2.29	-3.05%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Pacific Basin Shipping (HK:2343) report earnings?

Pacific Basin Shipping (HK:2343) is schdueled to report earning on Feb 26, 2026, TBA (Confirmed).

What is Pacific Basin Shipping (HK:2343) earnings time?

Pacific Basin Shipping (HK:2343) earnings time is at Feb 26, 2026, TBA (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Pacific Basin Shipping stock?

The P/E ratio of Pacific Basin Shipping is N/A.

What is HK:2343 EPS forecast?

Currently, no data Available

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