Genco Shipping & Trading Limited

Genco Shipping & Trading Limited reported total revenues of $342.1 million for fiscal year 2025, generating operating income of $7.5 million. However, the company recorded a net loss attributable to shareholders of $4.4 million, primarily due to significant other expenses totaling $12.0 million, which included $12.3 million in interest expense. The company maintained strong operating cash flow of $31.9 million despite the net loss, supported by $76.2 million in depreciation and amortization and a $16.5 million net gain on vessel sales. The balance sheet shows total assets of $1.14 billion with $189.1 million in long-term debt and shareholders' equity of $896.5 million. Cash and cash equivalents stood at $55.5 million with total current assets of $109.1 million. The company paid $32.8 million in cash dividends during the year while investing $89.3 million in vessel purchases and generating $103.4 million from vessel sales.

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