Q4 2025 Himalaya Shipping Ltd Earnings Call Transcript

Feb 10, 2026 / 02:00 PM GMT

Release Date Price: $11.33 (+5.69%)

Transcript

Key Points

Positve

Himalaya Shipping Ltd (HSHP) reported a significant increase in net profit to $13.5 million for Q4 2025, compared to $1.1 million in Q4 2024.
The company achieved higher time charter equivalent earnings, increasing from $27,800 in Q4 2024 to $39,600 in Q4 2025.
Operating revenues rose to $42.1 million in Q4 2025, up from $29.6 million in the same quarter of the previous year.
Himalaya Shipping Ltd (HSHP) declared a total cash distribution of $0.30 per share for the months of October, November, and December 2025.
The company has a strong dividend capacity, with potential yields of up to 50% based on favorable market conditions.

Negative

Vessel operating expenses increased to $7 million in Q4 2025, up from $6.8 million in Q4 2024, due to higher costs for spares, consumables, and service fees.
General and administrative expenses rose to $1.2 million in Q4 2025, compared to $1 million in Q4 2024, primarily due to increased management fees and payroll accruals.
Interest expenses were $12.7 million in Q4 2025, although this was a slight decrease from the previous year.
The average operating expense per day increased to $6,400 in Q4 2025, compared to $6,200 per day in Q4 2024.
The company faces challenges in renewing time charter agreements at high premiums in strong market conditions, potentially impacting future earnings.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HSHP.OL - Himalaya Shipping Ltd
Q4 2025 Himalaya Shipping Ltd Earnings Call
Feb 10, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Hello and welcome to Himalaya Shipping Q4 for 2025 conference call. For the first part of this call, all participants are in a listen-only mode. Afterwards, there'll be a question-and-answer session. To ask a question during the Q&A, please press 5 star on your telephone keypad. This call is being recorded. I'll now turn the call over to CEO Lars Kassen Svensson. Please begin.

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Unidentified_2 [2]
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Thank you operator. Welcome to the Q4 2025 conference call for Himalaya shipping. My name is Lars Kristan Svensson, and I will be joined here today by our

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