Jinhui Shipping and Transportation Limited (JNSTF) Q2 2026 Earnings Call Transcript

Unknown Executive

Good morning, everyone, in Europe. Good afternoon to those in Asia. Thank you for joining Jinhui Shipping and Transportation Limited Q2 and First Half 2026 financial results. Can everyone hear me? Sorry, there are other people joining, so I’ll accept…

I trust that you’ve all had a look at the financial results announcement, and you have a copy, and I’ve shared the presentation on the screen. So going through the highlights of current quarter. For Q2, we recorded USD 36 million for revenue, EBITDA of USD 17 million and a net profit for the quarter, USD 5 million. Basic earnings per share, USD 0.048 for Q2. For the first half of 2026, we recorded a revenue of USD 69 million, EBITDA of USD 34 million, a net profit of $10 million, basic earnings per share, 0.088 and a gearing ratio as of the end of June, 7%.

Compared to Q2 2025, Q2 2026 recorded a slight decrease. This should be a 9% decrease. This should be quite apparent because we — there’s a reduction in the number of ships we sold some secondhand ships. Net profit, $5.3 million in Q2 2026, which represents a 374% quarter-on-quarter increase. Average daily TCE stands in Q2 2026, USD 18,015 per day, which is a 30% increase compared to Q2 2025 number. For the first half, first half 2026 revenue compared to first half 2025 is a 13% drop. Again, this is due to the lower number of vessels in our fleet, given that we’ve sold some. Net profit, $9.6 million, 37% drop compared to the first half of 2025.

Average TCE in the first half 2026, USD 17,150 per day, a 30% increase compared