Pacific Basin Shipping Limited (PCFBY) Q4 2025 Earnings Call Transcript

SA Transcripts158.77K FollowersFollow5ShareSaveCommentsPlay Earnings CallPlay Earnings Call Pacific Basin Shipping Limited (PCFBY) Q4 2025 Earnings Call March 3, 2026 5:00 AM EST Company Participants Martin Fruergaard - CEO & Executive DirectorChi Kit Ng - Chief Financial OfficerLuna Fong - General Manager of Investor Relations Conference Call Participants Nathan Gee - BofA Securities, Research DivisionDeepak Murali Krishna Presentation Operator Welcome to today's Pacific Basin 2025 Annual Results Announcement Conference Call. I am pleased to present Chief Executive Officer, Mr. Martin Fruergaard and Chief Financial Officer, Mr. Jimmy Ng. [Operator Instructions] Mr. Fruergaard, please begin. Martin FruergaardCEO & Executive Director Yes. Thank you, and welcome, ladies and gentlemen, and thank you for attending Pacific Basin's 2025 Annual Results Earnings Call. Assuming you have already gone through the presentation, we will highlight key points discussed in it before we proceed to Q&A. Please turn to Slide 2. 2025 was a year with various evolving geopolitical and market challenges. 2026 has begun with an escalation of these challenges, not least the outbreak of war in the Middle East over the weekend. However, it was gratifying to see that our integrated platform again demonstrated agility and resilience, leading to a solid financial performance in 2025. During the year, we generated an EBITDA of USD 263.1 million, underlying profit of $39.2 million and net profit of $58.2 million. Our balance sheet remains strong, and we closed the year with a net cash of $134 million and an undrawn committed facility of $485.5 million, illustrating our strong liquidity. All in all, we delivered solid shareholder value in 2025 with a total distribution of $19.5 million through share buybacks and dividends declared for the year. Total shareholder return for 2025 was 46%. Please turn to Slide 3. We remain committed to returning value to our shareholders through both dividends and share buybacks. The Board