Pangaea Logistics Solutions (PANL)
Runs the world's largest high ice-class dry-bulk fleet under long-term Arctic and Baltic cargo contracts.
$8.18
vs last close−0.21 (−2.45%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 136 | 132 | 105 | 131 | 153 | 147 | 123 | 157 | 169 | 184 | 171 | 187 |
| Cost of revenue | 110 | 115 | 86 | 119 | 132 | 126 | 103 | 146 | 142 | 162 | 150 | 144 |
| Gross profit | 25 | 17 | 18 | 13 | 21 | 21 | 20 | 11 | 26 | 21 | 21 | 43 |
| 6 | 6 | 7 | 5 | 6 | 6 | 17 | 7 | 10 | 7 | 10 | 21 | |
| 6 | 6 | 7 | 5 | 6 | 6 | 7 | 7 | 10 | 7 | 10 | 9 | |
| General & administrative | 6 | 6 | 7 | 5 | 6 | 6 | 7 | 7 | 10 | 7 | 10 | 9 |
| Other expenses | 0 | 1 | 0 | 0 | 0 | 0 | 10 | 0 | 0 | 0 | 0 | 12 |
| Operating income | 20 | 11 | 11 | 8 | 15 | 15 | 3 | 4 | 17 | 15 | 11 | 21 |
| 0 | −8 | 2 | −4 | −9 | −3 | −5 | −7 | −4 | −2 | 3 | −11 | |
| Interest income | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 1 | 2 | 1 |
| Interest expense | 5 | 4 | 5 | 4 | 5 | 7 | 6 | 6 | 6 | 6 | 6 | 6 |
| Other non-operating income | −5 | 5 | −6 | 0 | 4 | −2 | −1 | 1 | −2 | −3 | −9 | 5 |
| Income before tax | 20 | 3 | 13 | 4 | 6 | 12 | −2 | −3 | 13 | 12 | 14 | 10 |
| Net income from continuing operations | 20 | 3 | 13 | 4 | 6 | 12 | −2 | −3 | 13 | 12 | 14 | 10 |
| Net income | 19 | 1 | 12 | 4 | 5 | 8 | −2 | −3 | 12 | 12 | 13 | 10 |
| EPS, basic | $0.42 | $0.03 | $0.26 | $0.08 | $0.11 | $0.18 | −$0.04 | −$0.04 | $0.19 | $0.19 | $0.21 | $0.16 |
| EPS, diluted | $0.42 | $0.02 | $0.25 | $0.08 | $0.11 | $0.18 | −$0.04 | −$0.04 | $0.19 | $0.19 | $0.21 | $0.16 |
| Weighted average shares, basic | 45 | 45 | 45 | 45 | 45 | 45 | 55 | 64 | 64 | 64 | 64 | 64 |
| Weighted average shares, diluted | 45 | 45 | 46 | 46 | 46 | 46 | 55 | 64 | 65 | 64 | 65 | 65 |
| EBITDA | 33 | 13 | 25 | 15 | 18 | 24 | 14 | 14 | 29 | 30 | 31 | 29 |
| Depreciation & amortization | 8 | 8 | 7 | 7 | 8 | 8 | 10 | 11 | 10 | 12 | 12 | 12 |
| EBIT | 25 | 6 | 17 | 8 | 11 | 16 | 4 | 3 | 19 | 18 | 20 | 16 |