2020 Bulkers announced its unaudited financial and operating results for the three months ended March 31, 2025.
Key events during the first quarter of 2025
– The Company reported net profit of US$0.2 million and EBITDA of US$4.3 million for the first quarter of 2025.
– The Company achieved average time charter equivalent earnings of approximately US$19,000 per day, gross.
– The Company declared total dividends and cash distributions of US$0.10 per share for the months of January, February and March 2025.
– Completed drydocking for Bulk Shenzhen and Bulk Sydney at a total cost of US$2.3 million.
Subsequent Events
– Achieved average time charter equivalent earnings for April 2025 of approximately US$27,100, per day, gross.
– In May 2025, the Company declared a dividend of US$0.10 per share for April 2025.
– Completed drydocking for Bulk Sao Paulo at a cost of US$1.2 million.
– Realized gain on forward freight agreements of approximately US$1.4 million for Q2 2025.