Strong Financial Performance
Q3 2025 revenues reached $126 million with an adjusted EBITDA of $75 million. The Board declared a $0.05 per share dividend, marking the 16th consecutive payout.
Fleet Modernization and Investment
The company has contracted eight 4,500 TEUs and two 1,600 TEUs totaling $525 million. These newbuilds have long-term charters, enhancing future revenue stability.
Increased Revenue and EBITDA Guidance
The revenue guidance for 2025 has been increased to $500-$510 million, and EBITDA guidance to $330-$340 million.
High Charter Coverage and Revenue Backlog
Charter coverage is at 92% for 2026 and 55% for 2027, with a total revenue backlog of $1.6 billion.
Strong Cash Flow and Balance Sheet
Operational cash flow generation remains strong with more than $225 million year-to-date. The company holds a conservative leverage ratio of 34.6%.