Pacific Basin Shipping Limited (PCFBY) Q2 2026 Earnings Call Transcript

SA Transcripts 161.61K Followers Follow Pacific Basin Shipping Limited ( PCFBY ) Q2 2026 Earnings Call August 6, 2026 5:00 AM EDT Company Participants Martin Fruergaard - CEO & Executive Director Chi Kit Ng - Chief Financial Officer Luna Fong - General Manager of Investor Relations Conference Call Participants Nathan Gee - BofA Securities, Research Division Deepak Murali Krishna Presentation Operator Welcome to today's Pacific Basin 2026 Interim Results Conference Call. I am pleased to present Chief Executive Officer, Mr. Martin Fruergaard; and Chief Financial Officer, Mr. Jimmy Ng. [Operator Instructions] Mr. Fruergaard, please begin. Martin Fruergaard CEO & Executive Director Yes. Thank you very much, and thank you all for your patience, and welcome, and thank you for attending Pacific Basin's 2026 interim results call. We will start by highlighting the key points in the published presentation followed by Q&A. Please turn to Slide 2. Dry bulk freight market strengthened year-to-date, supported by geopolitical disruption and trade inefficiencies, particularly those arising from the conflict in the Arabian Gulf. We were well positioned to benefit from the progressively improving freight market while continuing to outperform the market and deliver strong financial results in the first half of 2026. During the period, we generated an EBITDA of USD 197.8 million, an underlying profit of $94.9 million, and a net profit of USD 105 million. This represented a year-on-year increase of over 300% in net profit, reflecting both strong market conditions and continued commercial outperformance. Our balance sheet remains robust. As of 30th June 2026, we had a net cash of $157.2 million. We had available committed liquidity of $673.6 million, and operating cash flow of $143.5 million. Please turn to Slide 3. We remain committed to delivering value to shareholders through dividends and share buybacks. For first half 2026, the Board declared an interim dividend of HKD 0.155 per share amounting to