Q4 2025 2020 Bulkers Ltd Earnings Call Transcript

Feb 11, 2026 / 02:00 PM GMT

Release Date Price: $13.15

Transcript

Key Points

Positve

2020 Bulkers Ltd (STU:0FF) reported a net profit of $13.8 million for Q4 2025.
The company achieved an average time charter rate of approximately $39,300 per day during the quarter.
Total dividends declared amounted to $0.63 per share for the months of October, November, and December 2025.
The company successfully signed agreements to sell three vessels for a total of $218.25 million, with delivery scheduled for Q1 2026.
2020 Bulkers Ltd (STU:0FF) has generated an impressive IRR of 28% per annum since 2017, with an annual return of 31% for IPO investors since June 2019.

Negative

The average net TC earnings decreased to about $30,800 per day in January 2026, compared to the previous quarter.
Interest expenses for the quarter were $1.9 million, impacting net profitability.
The company's interest-bearing debt stood at $112.5 million at the end of Q4 2025.
Vessel operating expenses were $3.5 million, with average operating expenses per ship per day at approximately $6,300.
The company plans to return most of the proceeds from vessel sales to shareholders, which may limit future reinvestment opportunities.

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

20202.OL - 2020 Bulkers Ltd
Q4 2025 2020 Bulkers Ltd Earnings Call
Feb 11, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to 2020 Balkus Q4 2025 financial presentation. 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 2020 Volus.

My name is Lars Christian Svensson, and I will be joined here today by our Chairman,

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