2020 Bulkers Ltd. announced its unaudited financial and operating results for the three and nine months ended September 30, 2025.
Key events during the third quarter of 2025
– The Company reported net profit of US$9.8 million and EBITDA of US$14.2 million for the third quarter of 2025.
– The Company achieved average time charter equivalent earnings of approximately US$35,100 per day, gross.
– The Company declared total dividends of US$0.54 per share for the months of July, August and September 2025.
– The Company entered into hedging transactions through FFAs effectively securing an average fixed rate of approximately US$33,700 per day, gross, for two vessels from August 1 to December 31, 2025.
– The Company signed agreements to sell the vessels Bulk Sandefjord, Bulk Santiago and Bulk Shenzhen for a total consideration of US$209 million with agreed delivery in Q1 2026.
Subsequent Events
– In October 2025, the Company signed an agreement to sell the vessel Bulk Sao Paulo for a total consideration of US$72.75 million with agreed delivery in Q1 2026.
– Achieved average time charter equivalent earnings for October 2025 of approximately US$36,000, per day, gross.
– In November 2025, the Company declared a dividend of US$0.19 per share for October 2025.