Global Ship Lease Q2 revenue up 9.7%, adjusted net income beats estimates
Overview
Global Ship Lease Q2 2025 revenue rises 9.7% yr/yr to $191.9 mln
Adjusted net income for Q2 beats analyst expectations, per LSEG data
Co declares annualized dividend of $2.10 per Class A Common Share
Outlook
Global Ship Lease sees 2025 contract cover at 96%
Company expects 2026 contract cover to be 80%
Global Ship Lease highlights limited forward visibility due to market volatility
Company focuses on fleet renewal and vessel upgrades to meet regulations
Result Drivers
CHARTER RENEWALS - Higher rates on charter renewals contributed to increased operating revenue
FLEET EXPANSION - Addition of four newly acquired vessels boosted revenue
MACRO VOLATILITY - Complex macro environment impacted supply chain efficiency, requiring more ships to carry cargo
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 EPS | $2.61 | ||
Q2 Adjusted Net Income | Beat | $95.10 mln | $94 mln (1 Analyst) |
Q2 Net Income | $93.10 mln | ||
Q2 Dividend | $2.1 |
Press Release:
