Link: https://links.sgx.com/1.0.0/corporate-announcements/BKHOKYXCBIBDNXGN/f7405096cecab18f10ce364f42dd87f252d6ac2167db24163213af65ed823b41

Summary:

• Following the disposal of its fleet in 4Q2024, Atlantic Navigation Holdings' 1Q2025 results reflect continuing operations focused on ship management and related services.
• Revenue from continuing operations increased significantly by 41.2% year-on-year to US$4.1 million.
• The company achieved substantial increases in EBITDA (US$2.1 million) and net profit after tax (US$1.8 million) from continuing operations, both rising by over 100%.
• Earnings per share saw a notable increase to 0.35 US cents, and the net profit margin from continuing operations reached a strong 44.1% in 1Q2025.
• Atlantic Navigation Holdings is now debt-free as of March 31, 2025, and secured a new 500-day cross charter and ship management contract.