Performance Shipping Inc. reported Q4 2025 net income of $7.6 million and full-year 2025 net income of $50.0 million, with revenue of $26.2 million and $84.2 million, respectively. The company announced vessel acquisitions, charters, a $50 million bond tap, a vessel sale agreement, and new shipbuilding contracts, strengthening its fleet and financial position.
Key takeaways
Q4 2025 net income $7.6 million vs $9.7 million in Q4 2024
Full-year 2025 net income $50.0 million vs $43.7 million in 2024
Acquired M/T P. Beverly Hills and M/T P. Bel Air for $75.4 million each, on 3-year charters at $36,500/day with Repsol
$50 million tap issuance under 9.875% Nordic bonds due July 2029 at 103% of par
Agreement to sell M/T P. Sophia for $35.65 million, delivery mid-2026
Two shipbuilding contracts for 158,000 DWT Suezmax tankers at $81.5 million each, delivery 2028-2029