Genco Shipping & Trading Limited

NYSE•GNK

CEO: Mr. John C. Wobensmith C.F.A.

Sector: Industrials

Industry: Marine Shipping

Listing Date: 2014-07-15

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of drybulk cargoes worldwide. The company owns and operates dry bulk vessels to transports iron ore, grains, coal, steel products, and other drybulk cargoes. It charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities. The company was incorporated in 2004 and is headquartered in New York, New York.

Contact Information

299 Park Avenue, 12th Floor, New York, NY, 10171, United States

646-443-8550

www.gencoshipping.com

Market Cap

$911.41M

P/E (TTM)

-209.7

13.3

Dividend Yield

4.5%

52W High

$24.81

52W Low

$11.20

52W Range

72%

Rank61Top 91.5%

2.0

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Weak • 2 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$109.92M+0.00%

4-Quarter Trend

EPS

$0.35+0.00%

4-Quarter Trend

FCF

-$57.92M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Fleet Utilization Improvement Fleet utilization averaged 98.4% in 2025, increasing 1.6 percentage points from 96.8% reported in 2024.

Debt Reduction Strategy Debt reduced $249.2M cumulatively since 2021; year-end 2025 debt balance stands at $200M.

Fleet Renewal Progress Acquired Genco Courageous; agreements finalized for two Newcastlemax vessels delivering March 2026.

Consistent Dividends Paid Declared 26 consecutive quarterly dividends; Q4 2025 dividend announced at $0.50 per share.

Risk Factors

Voyage Revenue Decline Total voyage revenues decreased 19.1% to $342.1M in 2025 compared to $423.0M recorded in 2024.

Operating Income Collapse Operating income fell sharply by 91.4%, resulting in only $7.5M earned in 2025 versus $87.0M in 2024.

Increased Borrowing Total debt rose 130.1% to $189.1M by year-end 2025, driven by drawdowns on the $600 Million Revolver.

TCE Rate Pressure Average fleet TCE rate declined 18.9% to $15,502 per day in 2025 due to softer major bulk rates.

Outlook

Capital Allocation Focus Strategy prioritizes compelling quarterly dividends, maintaining low financial leverage, and accretive fleet renewal.

Fleet Capacity Growth Expect delivery of two 208,000 dwt Newcastlemax vessels in March 2026, expanding fleet size to 45 vessels.

Liquidity Position Current total liquidity of $455.5M supports operations, despite $35.1M anticipated capital expenditures in 2026.

Regulatory Adaptation Continue investing in fuel efficiency upgrades and compliance programs for evolving IMO GHG regulations.

Peer Comparison

Revenue (TTM)

$1.46B

-7.9%

MATW

$1.38B

-21.0%

CRESY

$841.30M

+26.5%

Gross Margin (Latest Quarter)

SFL

58.4%

-10.0pp

42.0%

-5.0pp

BWMN

39.0%

-4.7pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
SFL	$1.40B	-53.1	-2.6%	70.5%
NAT	$1.11B	90.4	2.6%	47.0%
GHM	$944.84M	62.8	11.9%	3.6%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

15.5%

Strong Growth

4Q Net Income CAGR

N/M

Profitability Shift

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:May 5, 2026

EPS:-

Revenue:-

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data