GNK GENCO SHIPPING & TRADING LTD

Overview and Growth

GENCO SHIPPING & TRADING LTD generated $342.05M of revenue in fiscal 2025, with net loss of $4.37M and an operating cash inflow of $31.89M. At $342.05M, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Revenue was 19.1% below fiscal 2024 revenue of $423.02M, marking a top-line contraction. On a per-share basis, diluted EPS was -$0.10, which connects the reported earnings outcome with the company’s diluted share count. Diluted EPS decreased by 105.7% from $1.75 in fiscal 2024, showing how the earnings change reached shareholders on a per-share basis. At period end, total assets were $1.14B, framing the scale of the company’s operating and financing commitments. Revenue equaled 0.3x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Operating income was $7.47M, the earnings remaining from reported operations after the company’s recognized operating cost structure. Relative to revenue, operating income represented 2.2%, showing how efficiently sales converted into operating profit. The company ended the period with a net loss of $4.37M, extending the operating result through all remaining items. The net loss equaled 1.3% of revenue, showing the bottom-line deficit relative to the company’s sales base. Reported EBITDA totaled $83.70M, adding a pre-interest, tax, depreciation, and amortization perspective to the profitability profile. Relative to period-end equity, the net loss represented 0.5%. The net loss equaled 0.4% of period-end assets, showing the deficit relative to the asset base. A $4.37M net loss replaced fiscal 2024 net income of $76.40M.

Liquidity and Capital Structure

At period end, the $1.14B asset base was financed through $240.29M of liabilities and $897.82M of equity. At period end, current assets of $109.06M compared with current liabilities of $45.67M, defining the company’s short-term resource position. Current assets covered current liabilities by 2.39x, leaving a positive buffer for near-term obligations. Cash and equivalents totaled $55.54M, identifying the most liquid reported component available within the broader current-asset balance. Cash and equivalents represented 121.6% of current liabilities, showing the portion of near-term obligations matched by reported cash alone. The company carried $189.08M of total debt at period end, which frames its leverage and debt-service burden. The debt-to-equity relationship was 0.21x, showing how much debt the company carried for each unit of book equity. The debt-to-assets relationship was 16.6%, comparing borrowing with the total asset balance. Equity equaled 78.9% of assets, showing the shareholder-capital layer within the company’s balance sheet. Relative to total assets, liabilities measured 21.1%, complementing the separate equity-based view of the company’s capital structure. The cash-to-assets relationship was 4.9%, comparing reported cash and equivalents with the full positive asset balance. Compared with $1.06B in fiscal 2024, the current asset base moved 7.7% and finished higher. Reported equity changed 3.3% from $928.23M in fiscal 2024, placing the current capital base lower year over year. Cash and equivalents were 27.1% higher than fiscal 2024 cash of $43.69M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

The company reported $31.89M of operating cash flow, a cash inflow that shows the cash generated by operations. Capital expenditures used $3.18M, identifying the reported investment outflow deducted from operating cash flow in the free-cash-flow calculation. Capital expenditures represented 10.0% of operating cash flow, leaving the remainder available as free cash flow. Free cash flow came to $28.71M, leaving a positive amount after capital expenditures. Relative to revenue, free cash flow equaled 8.4%, showing how much sales converted into cash after investment. The free-cash-flow-to-assets relationship was 2.5%, comparing post-investment cash with the balance-sheet asset base.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.