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GENCO SHIPPING & TRADING LTD (GNK)

For the quarter ending 2025-06-30, GNK made $80,939K in revenue. -$6,801K in net income. Net profit margin of -8.40%.

Overview

Revenue
$80,939K
Net Income
-$6,801K
Net Profit Margin
-8.40%
EPS
-$0.16
Unit: Thousand (K) dollars
Revenue Breakdown
    • Spot market voyage revenue
    • Lease revenue

Unit: Thousand (K) dollars (except for numbers of shares and EPS)
2025-06-30
2025-03-31
2024-09-30
2024-06-30
Total revenues80,939 71,269 99,332 107,047
Other cost and expense, operating- - - 3,924
Gain (loss) on disposition of property plant equipment, excluding oil and gas property and timber property- - 4,465 13,206
General and administrative expenses (inclusive of nonvested stock amortization expense of 1,780, 1,451, 3,276 and 2,833, respectively)7,399 7,494 6,831 6,320
Vessel operating expenses23,747 24,916 24,847 26,977
Depreciation and amortization18,133 17,665 16,620 17,096
Voyage expenses32,005 27,354 28,232 30,273
Impairment of vessel assets651 - 961 5,634
Technical management expenses1,231 1,325 1,005 1,260
Charter hire expenses2,035 2,285 1,267 2,455
Total operating expenses85,201 81,039 75,298 80,733
Operating (loss) income-4,262 -9,770 24,034 26,314
Other expense-232 -13 -239 -90
Interest income243 370 749 721
Interest expense2,558 2,549 2,970 3,452
Other expense, net-2,547 -2,192 -2,460 -2,821
Net (loss) income-6,809 -11,962 21,574 23,493
Less net (loss) income attributable to noncontrolling interest-8 -39 115 26
Net (loss) income attributable to genco shipping & trading limited-6,801 -11,923 21,459 23,467
Earnings per share, basic-0.16 -0.28 0.5 0.54
Earnings per share, diluted-0.16 -0.28 0.49 0.54
Weighted average number of shares outstanding, basic43,350,232 43,201,941 43,108,844 43,073,440
Weighted average number of shares outstanding, diluted43,350,232 43,201,941 43,656,385 43,664,447
Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement

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Net (loss) incomeattributable to genco...-$6,801K (-128.98%↓ Y/Y)Less net (loss)income attributable to...-$8K (-130.77%↓ Y/Y)Net (loss) income-$6,809K (-128.98%↓ Y/Y)Lease revenue$29,664K Spot market voyagerevenue$51,275K Other expense, net-$2,547K (9.71%↑ Y/Y)Operating (loss) income-$4,262K (-116.20%↓ Y/Y)Interest income$243K (-66.30%↓ Y/Y)Total revenues$80,939K (-24.39%↓ Y/Y)Interest expense$2,558K (-25.90%↓ Y/Y)Total operatingexpenses$85,201K (5.53%↑ Y/Y)Other expense-$232K (-157.78%↓ Y/Y)Charter hire expenses$2,035K (-17.11%↓ Y/Y)Technical managementexpenses$1,231K (-2.30%↓ Y/Y)Impairment of vessel assets$651K (-88.45%↓ Y/Y)Voyage expenses$32,005K (5.72%↑ Y/Y)Depreciation andamortization$18,133K (6.07%↑ Y/Y)Vessel operatingexpenses$23,747K (-11.97%↓ Y/Y)General andadministrative expenses...$7,399K (17.07%↑ Y/Y)