OSL$HSHP
Himalaya Shipping Ltd · Q2 2025 earnings
Q2 2025 earnings · · After market close · Investor relations
Briefing
Himalaya Shipping Q2 2025: $29.9M revenue, $1.1M net income as fleet TCE holds 42% premium to index
Himalaya Shipping Ltd. reported preliminary unaudited results for the second quarter ended June 30, 2025, with operating revenues of $29.9 million and net income of $1.1 million, down from $6.9 million in Q2 2024 as average TCE fell to about $28,400 per day gross from $34,600. EBITDA was $20.9 million and earnings per share were $0.02. Despite a softer Baltic Capesize Index averaging $18,681 per day, the dual-fuel Newcastlemax fleet earned a roughly 42% premium to the index on spot exposure. The company uplisted to Euronext Oslo Børs in June, declared monthly cash distributions totaling $0.105 per share for April through June, and subsequently fixed four index-linked charters at about $35,300 per day gross from August 2025.
- Q2 2025 operating revenues were $29.9 million with net income of $1.1 million and EBITDA of $20.9 million.
- Average TCE earnings were approximately $28,400 per day gross versus a Baltic 5TC index of $18,681 per day.
- Operating profit was $13.6 million; interest expense of $12.8 million largely offset operating gains.
- Cash distributions of $0.025, $0.03, and $0.05 per share were declared for April, May, and June 2025.
- The company completed its uplisting from Euronext Expand to Euronext Oslo Børs on June 3, 2025.
Headline financials
Revenue & EPS history
Himalaya Shipping Ltd · Revenue · Quarterly
$29.9M
Revenue by segment
Himalaya Shipping Ltd · $2.52B total across 2 segments · Q1 2025
- Value-added services$2.49B—98.8%
- Other services$30.9M—1.2%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 9 quarterly earnings reports · overlaid with Q2 2025
+0.7%
Avg return
Earnings day
+1.0%
Avg return
5 days after
+112.7%
Avg return
30 days after
67%
6 / 9 earnings
Positive
+3.9%
Q3 2025
Best reaction
-4.2%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | +3.3% | -2.4% | +956.6% | |
| Q3 2025 | +3.9% | +4.1% | +23.5% | |
| Q2 2025 | -0.8% | +3.3% | +15.1% | |
| Q1 2025 | +2.3% | +6.5% | +4.9% | |
| Q2 2024 | -4.2% | -4.9% | -1.5% | |
| Q2 2023 | -4.2% | -4.9% | -1.5% | |
| Q4 2021 | +1.9% | +3.0% | +11.6% | |
| Q4 2023 | +1.9% | +3.0% | +11.6% | |
| Q3 2023 | +1.9% | +1.4% | -6.2% |
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