EarningsQ2 2026 Earnings Report
PCFBF Q2 2026 EPS Results
Actual EPS$0.02
Consensus EPS―
Beat/Miss―
One Year Ago EPS<$0.01
PCFBF Q2 2026 Revenue Results
Actual Revenue$1.10B
Expected Revenue―
Beat/Miss―
YoY Revenue Growth+8.96%
Earnings Announcement Details
QuarterQ2 2026
Date08/06/2026
TimeBefore Open
Conference CallThursday, August 6, 2026
PCFBF Upcoming Earnings
Pacific Basin Shipping's next earnings date is estimated for February 25, 2027, based on past reporting schedules.
Q2 2026 Earnings Call Audio
PCFBF Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a strongly positive set of financial results and operational performance: revenue, TCEs and net profit expanded materially, the company maintained a robust liquidity position, returned in excess of 100% of net profit to shareholders, and preserved fleet optionality through newbuilding and purchase options. Lowlights are primarily risks and cost pressures—higher charter costs, ongoing geopolitical and weather-related market volatility, high asset prices and committed future CapEx—but these are framed as manageable given strong cash, low net debt, and strategic optionality.Company Guidance
Strong Profitability and Earnings Growth
Net profit USD 105.0m representing a year-on-year increase of over 300%; underlying profit USD 94.9m; EBITDA USD 197.8m.
Revenue and TCE Improvement
Revenue increased 9% YoY to USD 1.1bn; total TCE earnings rose 20% to over USD 660m.
Material Outperformance vs. Market
Average daily TCE: Handysize USD 14,150 (+29% YoY) and Supramax USD 16,550 (+35% YoY). Outperformed spot by USD 1,950/day (16%) for Handysize and USD 2,370/day (17%) for Supramax.
Robust Cash Position and Liquidity
Net cash USD 157.2m as of 30 June 2026; cash in hand USD 207m at close of period; undrawn facilities USD 467m; total available committed liquidity ~USD 673.6m/674m.
Strong Operating Cash Flow and Capital Management
Operating cash flow USD 143.5m (USD 143m reported); repaid loans of USD 88.9m; CapEx in H1 USD 57.3m; realized USD 9.5m from sale of one Supramax.
Shareholder Returns
Interim dividend HKD 0.155 per share (USD 102.2m); repurchased ~9.5m shares for ~USD 3.5m; total returned to shareholders ~USD 106m, ~103% of net profit (excluding vessel disposal gains).
Fleet Scale, Renewal and Optionality
Fleet of 254 vessels (107 owned, 13 long-term chartered, 134 short-term chartered). Newbuilding program of 10 confirmed vessels (6 Handysize, 4 Ultramax) plus 2 newbuilding options (total 12) with deliveries 2028–H1 2029; purchase options on 13 long-term chartered vessels (declarable 2026–2031) to preserve optionality.
Cost Discipline and Lower Finance Costs
Average daily OpEx broadly stable at ~USD 4,790 for both segments; average daily finance costs decreased ~15% to ~USD 110 due to lower outstanding borrowings.
Improved Operating Margins and Activity
Operating performance before overheads increased to USD 138m from USD 62m YoY; operating activity margin USD 1,060/day over 12,650 operating days, a 49% increase YoY.
Market Conditions Supporting Performance
Market spot rates strengthened: Handysize ~USD 12,200/day (+40% YoY) and Supramax ~USD 14,180/day (+62% YoY); forward freight agreements (FFAs) remain strong indicating favourable market expectations; Q3 cover for core fleet ~78% Handysize and ~82% Supramax at higher covered rates.
PCFBF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed