Pangaea Logistics Solutions Ltd. (PANL)
2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | |
|---|---|---|---|---|
| Revenue | 156,689,442 | 122,801,886 | 153,115,064 | 131,497,852 |
| General and administrative | 7,171,840 | 7,274,493 | 6,041,857 | 5,029,696 |
| Depreciation and amortization | 10,597,483 | 9,923,492 | 7,719,083 | 7,453,675 |
| Voyage expense | 77,781,913 | 60,307,182 | 71,539,649 | 61,150,855 |
| Vessel operating expense | 23,374,879 | 22,178,262 | 13,884,629 | 14,735,927 |
| Terminal & stevedore expenses | 2,686,320 | 2,551,341 | 2,417,374 | 2,828,398 |
| Charter hire expense | 31,423,415 | 17,640,670 | 36,511,251 | 32,685,075 |
| Total expenses | 153,035,850 | 119,875,440 | 138,113,843 | 123,883,626 |
| Income from operations | 3,653,592 | 2,926,446 | 15,001,221 | 7,614,226 |
| Interest revenue (expense), net | - | -6,145,944 | -4,702,101 | -3,812,783 |
| Unrealized (loss) gain on derivative instruments, net | -1,300,932 | 183,540 | -5,961,224 | -927,503 |
| Other income | 483,882 | 392,906 | 551,021 | 334,248 |
| Interest revenue (expense), net-Related Party | - | - | - | - |
| Interest revenue (expense), net-Nonrelated Party | -6,028,255 | - | - | - |
| Interest and other income | 291,647 | 444,378 | 893,879 | 665,362 |
| Total other expense, net | -6,553,658 | -5,125,120 | -8,944,099 | -3,620,726 |
| Net (loss) income | -2,900,066 | -2,198,674 | 6,057,122 | 3,993,500 |
| Loss (income) attributable to non-controlling interests | -157,950 | -217,797 | 946,082 | 310,725 |
| Net (loss) income attributable to pangaea logistics solutions ltd | -2,742,116 | -1,980,877 | 5,111,040 | 3,682,775 |
| Basic (in dollars per share) | -0.04 | -0.03 | 0.11 | 0.08 |
| Basic (in shares) | 64,042,209 | 63,851,090 | 45,279,813 | 45,276,791 |
| Diluted (in dollars per share) | -0.04 | -0.03 | 0.11 | 0.08 |
| Diluted (in shares) | 64,042,209 | 63,851,090 | 46,011,402 | 46,028,902 |