For the year ending 2025-12-31, PANL made $632,041,000 in revenue. $19,369,000 in net income. Net profit margin of 3.06%.
| Income Statement | 2025-12-31 | 2023-12-31 | ||
|---|---|---|---|---|
| Revenues | 632,041,000 | 499,267,834 | ||
| Voyage expense | 283,679,000 | 227,434,670 | ||
| Charter hire expense | 129,735,000 | 111,033,537 | ||
| Terminal & stevedore expenses | 12,189,000 | 5,809,025 | ||
| Vessel operating expenses | 94,948,000 | 55,783,562 | ||
| General and administrative | 31,071,000 | 22,780,937 | ||
| Depreciation and amortization | 42,475,000 | 30,070,395 | ||
| Gain on sale of vessels | 3,000,000 | -1,738,511 | ||
| Total operating expenses | 591,097,000 | 454,650,637 | ||
| Income from operations | 40,944,000 | 44,617,197 | ||
| Interest expense | 24,006,000 | 17,025,547 | ||
| Interest income | 1,632,000 | 3,572,134 | ||
| Income attributable to non-controlling interest recorded as long-term liability interest expense | 0 | -462,150 | ||
| Unrealized loss on derivative instruments | -1,355,000 | -2,925,347 | ||
| Other income | 2,952,000 | 761,485 | ||
| Total other expense, net | -20,777,000 | -16,079,425 | ||
| Net income | 20,167,000 | 28,537,772 | ||
| Income attributable to noncontrolling interests | 798,000 | 2,214,472 | ||
| Net income attributable to pangaea logistics solutions ltd | 19,369,000 | 26,323,300 | ||
| Basic EPS | 0.3 | 0.59 | ||
| Diluted EPS | 0.3 | 0.58 | ||
| Basic Average Shares | 63,802,958 | 44,773,899 | ||
| Diluted Average Shares | 64,703,473 | 45,475,453 | ||
Pangaea Logistics Solutions Ltd. (PANL)
Pangaea Logistics Solutions Ltd. (PANL)