Himalaya Shipping reports Q4 revenue of $42.1 mln

Overview

• Bermuda bulk carrier's preliminary Q4 revenue reached $42.1 mln

• Net income for Q4 was $13.5 mln

• Company declared cash distributions for October, November, and December 2025

Outlook

• Company achieved time charter equivalent earnings of $32,400 per day for January 2026

• Company entered new time charter for Mount Elbrus until June 30, 2026

• Company entered new time charter for Mount Ita with index linked rate

Result Drivers

• HIGHER TCE EARNINGS - Co achieved average TCE earnings of $39,600 per day, exceeding Baltic 5TC Capesize Index average of $28,875 per day

• FIXED RATE CHARTERS - Converted index-linked charters for four vessels to fixed rate at $27,700 per day from Jan 1 to Mar 31, 2026

• NEW CHARTER AGREEMENTS - Entered new agreements for Mount Elbrus and Mount Ita at rates reflecting a premium to Baltic 5TC index

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 1 "hold" and 1 "sell" or "strong sell"

• The average consensus recommendation for the marine freight & logistics peer group is "buy"

• Wall Street's median 12-month price target for Himalaya Shipping Ltd is NOK104.85, about 3.8% above its February 9 closing price of NOK101.00

• The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nMFN6l4TXY

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