OSL$HSHP

Himalaya Shipping Ltd · Q4 2025 earnings

Q4 2025 earnings · · Before market open · Investor relations

Briefing

Himalaya Shipping Ltd. reported its commercial update and key information relating to the cash distribution for January 2026.

Himalaya Shipping Ltd. achieved average time charter equivalent (TCE) earnings of approximately US$32,400 per day, gross, in January 2026. The Board approved a cash distribution of US$0.06 per share for January 2026.

  • Average TCE earnings for January 2026 were approximately US$32,400 per day, gross.
  • The company's eleven vessels had average daily scrubber benefits of approximately US$1,100 per day.
  • Five vessels on fixed time charters earned approximately US$29,900 per day, gross.
  • Seven vessels on index-linked time charters earned approximately US$34,200 per day, gross.

Headline financials

Total Revenue

$12M

No prior period
EPS (adj)

$0.06

No prior period
Average TCE Earnings, gross

$32.4K

No prior period
Baltic 5TC 180 Capesize Index

$21.4K

No prior period
Fleet Operational Days

372

No prior period
Net Income

$0.00

No prior period
Operating Income

$0.00

No prior period

Revenue & EPS history

Himalaya Shipping Ltd · Revenue · Quarterly

$12M

Q4 2025
Beat estimate in 3 of 4 quarters(75%)
ActualEstimate

Revenue by segment

Himalaya Shipping Ltd · $2.52B total across 2 segments · Q1 2025

  • Value-added services
    $2.49B
  • Other services
    $30.9M

Forward guidance

The company did not provide specific forward-looking financial guidance for future periods in this announcement. The forward-looking statements section primarily discusses general risks and uncertainties.

Tailwinds

  • The company continues to operate twelve vessels.
  • The cash distribution indicates ongoing shareholder returns.
  • The company is actively managing its fleet with both fixed and index-linked time charters.
  • The company is transparent about its financial performance metrics.
  • The company is incorporated in Bermuda, an independent bulk carrier company.

Headwinds

  • The announcement does not provide specific financial projections for future earnings or revenue.
  • The company highlights that actual results could differ materially from forward-looking statements due to risks and uncertainties.
  • The company does not undertake any obligation to update forward-looking statements.
  • The impact of the Central Securities Depository Regulation (CSDR) on payment dates for Euronext VPS shareholders adds a layer of complexity.
  • The shortening of the Settlement Cycle in US markets also impacts trading dates.

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 Q4 2025

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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