Safello Group AB Q1 FY2025 Earnings Call
· Earnings call transcript and AI-powered summary
Financial Highlights (Q1 2025 vs Q4 2024)
- Total Revenues: $193 million (Down from $229 million in Q4 2024)
- Adjusted EBITDA: $116 million (Down from $132 million in Q4 2024)
- Net Income: Net loss of $31.9 million or -$0.24 per share (Compared to net profit of $20.2 million or $0.15 per share in Q4 2024)
- Dividend Declared: $0.27 per share, representing the 85th consecutive quarterly dividend. Yield is approximately 13% based on recent share price.
- Share Buybacks: $10 million worth of shares repurchased below $8/share during market softness.
- Total Charter Backlog: $4.2 billion, with over two-thirds from investment-grade customers.
- Cash & Equivalents: $174 million at quarter-end, plus $48 million in undrawn credit facilities.
- Equity Ratio: Approx. 36%
Fleet & Operational Performance
- Total Assets: 79 maritime assets including vessels, rigs, and contracted newbuilds.
- Utilization (Shipping Fleet only): 99.8% (Adjusted), 98.6% unadjusted.
- Rig Utilization: 97.2% overall (dragged by idle Hercules rig)
- Fleet Composition:
- 15 Dry Bulk Vessels
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