Link: https://links.sgx.com/1.0.0/corporate-announcements/BYTMOPI76QYUTX2I/12a931621c0eae264e71010cd9b006223e092ee4828f6a1ddf7f5c9615798034

Summary:

• Revenue: US$48.6 million for FY2025, a 7% increase from FY2024.

• Net Profit: Rose 25% to US$11.4 million, up from US$9.1 million last year.

• Earnings per Share: Increased to 2.84 US cents (FY2024: 2.27 US cents).

• Dividend: Board proposed a final dividend of 1 Singapore cent per share, maintaining a yield of ~3.7%.

• Financial Position:

  • Net asset value per share climbed to 32.66 US cents.

  • Strong net cash position of US$56.1 million despite total liabilities falling to US$62.1 million.

• Fleet & Operations:

  • Owns five Pure Car and Truck Carriers (PCTCs) under long-term charters.

  • Renewed m.v. Boheme for another 5 years with a blue-chip charterer.

• Sustainability:

  • Commenced blended biofuels to reduce carbon emissions.

  • Achieved 100% reuse of materials where possible and zero corruption incidents.

• Outlook:

  • Focus on operational excellence, digitalisation, AI adoption, and exploring green fleet investments in line with IMO net-zero goals.