Breakdown | |||||
TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|
Income Statement | Total Revenue | ||||
64.86M | 9.70M | 91.00M | 64.86M | 43.81M | 64.39M | Gross Profit |
22.76M | 6.21M | 85.67M | 22.76M | 5.97M | 14.06M | EBIT |
14.73M | 0.00 | 22.83M | 14.94M | -398.00K | 4.64M | EBITDA |
24.90M | 10.70M | 34.02M | 24.90M | 8.19M | 13.38M | Net Income Common Stockholders |
11.21M | 54.08M | 18.11M | 11.21M | -13.25M | -5.45M |
Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
749.00K | 33.12M | 3.91M | 2.42M | 520.00K | 886.00K | Total Assets |
188.27M | 69.46M | 169.96M | 152.70M | 153.36M | 173.53M | Total Debt |
64.26M | 286.00K | 47.28M | 51.01M | 64.83M | 67.94M | Net Debt |
63.51M | -32.84M | 43.37M | 48.59M | 64.31M | 67.05M | Total Liabilities |
101.03M | 35.71M | 70.15M | 70.87M | 84.36M | 92.46M | Stockholders Equity |
87.24M | 33.75M | 99.80M | 81.83M | 69.00M | 81.07M |
Cash Flow | Free Cash Flow | ||||
14.95M | 13.51M | 6.62M | 14.95M | 796.00K | 8.88M | Operating Cash Flow |
18.54M | 38.25M | 30.38M | 18.54M | 2.51M | 10.28M | Investing Cash Flow |
-2.59M | 161.00M | -23.71M | -2.59M | 235.00K | -1.35M | Financing Cash Flow |
-11.59M | -170.04M | -5.18M | -11.59M | -4.73M | -10.31M |
At the recent Annual General Meeting, Atlantic Navigation Holdings (Singapore) Ltd. announced the passing of their Lead Independent Director, Mr. Gwee Lian Kheng, who had been a significant guiding force for the company. The company reported a successful fiscal year 2024, highlighted by a major fleet disposal that generated US$120 million, which was partially distributed to shareholders. Despite global economic challenges, the company remains optimistic about the offshore oil and gas sector and is well-positioned financially, with net assets of 6.45 US cents per share and a debt-free status.
Atlantic Navigation Holdings reported a strong performance for the first quarter of 2025, following the disposal of its fleet in late 2024. The company’s revenue increased by 41.2% to $4.1 million, driven by ship management fees and increased activities in its Marine Logistics Services and Ship Repair divisions. The EBITDA and net profit after tax saw significant growth, exceeding 100% compared to the previous year, reflecting the company’s successful transition to focusing on continuing operations.
Atlantic Navigation Holdings (Singapore) Ltd. announced the passing of its Lead Independent Director, Mr. Gwee Lian Kheng, who served on the Board since 2019 and held key roles in various committees. Consequently, the resolution for his re-election at the upcoming Annual General Meeting has been withdrawn. The company expressed deep condolences and gratitude for Mr. Gwee’s invaluable contributions and leadership.