Pacific Basin Shipping Limited (HK:2343)
:2343
Earnings Data
Report Date
Aug 05, 2026TBA (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.04Same Quarter Last Year
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a resilient financial and operational performance in 2025 supported by a strong balance sheet, healthy liquidity, active fleet renewal and shareholder-friendly capital returns (dividends and buybacks). However, notable headwinds remain: softer freight markets in 2025 led to declines in TCEs and a 28% drop in operating performance before overheads, while geopolitical risks and industry supply growth pose near-term uncertainty. On balance the company emphasized its financial flexibility, disciplined capital allocation and positive near-term FFA signals, outweighing the challenges described.Company Guidance
Strong profitability and cash generation
Generated EBITDA of USD 263.1 million, underlying profit of USD 39.2 million and net profit of USD 58.2 million in 2025; operating cash flow of USD 229 million for the year.
Robust balance sheet and liquidity
Closed the year with net cash of USD 134 million, undrawn committed facility of USD 485.5 million (and total available committed liquidity cited at USD 756 million), and a new USD 250 million sustainability-linked revolving facility secured in July 2025.
Strong shareholder returns and capital allocation
Total shareholder return for 2025 was 46%; Board declared a final dividend (HKD 0.06/share) and paid total dividends of USD 44 million (including prior year final and interim), completed USD 40 million of share buybacks and announced up to USD 40 million buyback program for 2026; dividend policy amended to payout 50%–100% of net profit (ex-disposal gains) when in net cash position.
Fleet optionality, renewal and favorable asset valuations
Core fleet of 120 vessels (107 owned, 13 long-term chartered); net book value USD 1.6 billion vs estimated market value USD 1.96 billion; committed acquisition of 40,000 dwt Handysize newbuilds for USD 119.2 million (delivery 1H 2028) and orderbook reflecting 22 potential additions over coming years.
TCE outperformance and Q1 2026 cover
2025 average daily TCEs of USD 11,490 (Handysize) and USD 12,850 (Supramax) outperformed average spot market by USD 910/day and USD 1,220/day respectively; as of Q1 2026 the group had covered 88% of Handysize days at USD 11,890/day and 100% of Supramax days at USD 14,450/day.
Cost discipline and improved operating activity margin
Average daily OpEx broadly stable at ~USD 4,780; finance costs fell ~13% to ~USD 130/day due to lower average borrowings; operating activity margin contributed USD 22.9 million in 2025 with operating activity days up 1% to 27,850 and margin per day improving ~30% YoY to USD 820/day.
Asset sales and disciplined CapEx
Realized USD 66.8 million from sale of 8 older vessels; CapEx of USD 116 million (including USD 59 million for 3 Handysize deliveries and one Ultramax option), demonstrating active fleet renewal while maintaining financial flexibility.
Market indicators improving into 2026
Freight forward agreements (FFAs) showed uplift since early 2026 (average cited at USD 13,730/day Handysize and USD 15,580/day Supramax) and management notes FFAs and current spot market are near 12-month highs, providing a positive near-term outlook despite geopolitical uncertainty.
HK:2343 Earnings History
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 |
|---|---|---|---|
Mar 03, 2026 | HK$3.53 | HK$3.56 | +0.85% |
Aug 07, 2025 | HK$2.27 | HK$2.28 | +0.44% |
Feb 28, 2025 | HK$1.59 | HK$1.51 | -4.84% |
Aug 08, 2024 | HK$2.08 | HK$2.04 | -1.83% |
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 Limited (HK:2343) report earnings?
Pacific Basin Shipping Limited (HK:2343) is schdueled to report earning on Aug 05, 2026, TBA (Confirmed).
What is Pacific Basin Shipping Limited (HK:2343) earnings time?
Pacific Basin Shipping Limited (HK:2343) earnings time is at Aug 05, 2026, TBA (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is the P/E ratio of Pacific Basin Shipping Limited stock?
The P/E ratio of Pacific Basin Shipping is N/A.
What is HK:2343 EPS forecast?
Currently, no data Available