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Pacific Basin Shipping Ltd (PCFBY)
:PCFBY
RESEARCH TOOLSreports
Earnings Data
Report Date
Aug 07, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.22Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 28, 2025
|% Change Since: 5.19%
|Next Earnings Date:Aug 07, 2025
Earnings Call Sentiment|Positive
Pacific Basin demonstrated strong financial performance and strategic management in 2024, with significant shareholder returns and a solid market position. However, challenges such as increased operating costs, a weakened Q4 freight market, and potential impacts from U.S. tariffs and regulations pose risks. Overall, the company is well-positioned for future growth, leveraging market volatility and maintaining flexibility.Company Guidance
During Pacific Basin's 2024 Annual Results Earnings Call, CEO Martin Fruergaard provided guidance on the company's financial performance and strategic initiatives. The company reported an EBITDA of $333 million, an underlying profit of $114 million, and a net profit of $132 million, resulting in a 7% return on equity and an earnings per share of HK 0.199. Pacific Basin maintains a strong balance sheet with net cash of $20 million and available committed liquidity of $548 million. The core business generated $178 million before overheads, with an operating activity margin of $630 per day over 27,610 days. The Board proposed a final dividend of HK 0.051 per share, which, combined with the interim dividend, amounts to $61 million, representing 50% of the net profit for the year. A $40 million share buyback program for 2025 was also announced. In 2024, the company completed a $40 million share buyback, reducing issued share capital by 2%. The average market spot freight rates for Handysize and Supramax vessels increased by 24% and 21%, respectively, due to strong global dry bulk demand, particularly from China. For the first quarter of 2025, Pacific Basin covered 92% and 100% of its Handysize and Supramax fleet days at rates higher than the current market spot rates. The company outperformed the indices, achieving daily TCE earnings of US$12,840 for Handysize and US$13,630 for Supramax. Pacific Basin's fleet growth strategy includes acquiring modern secondhand vessels and investing in fuel efficiency technologies, aligning with its long-term goal of net zero emissions by 2050. The company's financial position remains robust, with $548 million in available liquidity and a positive cash flow from operations of $259 million. Looking ahead, the company anticipates minor bulk tonne-mile growth of 2.3% in 2025, despite potential challenges such as iron ore demand moderation and coal demand decline. Pacific Basin remains cautiously optimistic about 2025 and committed to strategic growth through disciplined capital allocation and fleet renewal initiatives.Strong Financial Performance
Pacific Basin achieved an EBITDA of $333 million, underlying profit of $114 million, and net profit of $132 million in 2024. A robust balance sheet with $548 million in committed liquidity and a net cash position of $20 million was maintained.
Significant Shareholder Returns
The company completed a $40 million share buyback program and announced another $40 million buyback for 2025. A total of 83% of 2024 net profit, excluding vessel disposal gains, will be distributed to shareholders.
Freight Market and Outperformance
Handysize and Supramax vessels outperformed indices by $1,720 and $710 per day, respectively, driven by well-timed cargo coverage and market optimization strategies.
Strategic Fleet Management
The company exercised purchase options on modern vessels and sold older, less efficient ones. New dual-fuel methanol Ultramax vessels have been contracted, aligning with long-term emission reduction goals.
Growth Prospects and Market Position
Minor bulk tonne-miles are expected to grow 2.3% in 2025, with global economic support and trade development. Pacific Basin aims to capitalize on market volatility and maintain a strong position in the minor bulk segment.
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PCFBY 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
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PCFBY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 28, 2025 | $4.24 | $4.04 | -4.72% |
| Aug 08, 2024 | $5.54 | $5.45 | -1.62% |
| Feb 29, 2024 | $5.28 | $5.64 | +6.82% |
| Jul 31, 2023 | $6.30 | $6.10 | -3.17% |
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.
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FAQ
When does Pacific Basin Shipping Ltd (PCFBY) report earnings?
Pacific Basin Shipping Ltd (PCFBY) is schdueled to report earning on Aug 07, 2025, TBA Not Confirmed.
What is Pacific Basin Shipping Ltd (PCFBY) earnings time?
Pacific Basin Shipping Ltd (PCFBY) earnings time is at Aug 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PCFBY EPS forecast?
Currently, no data Available
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