Genco Shipping & Trading LTD income statement
In fiscal 2025, Genco Shipping & Trading LTD reported revenue of $342m, down 19.1% on the year before, operating income of $7.5m (a 2.2% margin) and net income of −$4.4m, or −$0.10 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2008Dec 2008 | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 405 | 380 | 449 | 392 | 226 | 227 | 154 | 136 | 210 | 368 | 389 | 356 | 547 | 537 | 384 | 423 | 342 | 441 |
| General and administrative | — | — | — | — | — | — | 75 | 45 | 22 | 23 | 25 | 21 | 24 | 26 | 28 | 29 | 31 | 32 |
| Operating income | 234 | 210 | 221 | 113 | −69 | −67 | −193 | −186 | −30 | 1 | −28 | −203 | 201 | 167 | −6 | 87 | 7 | 57 |
| Interest expense | 53 | 62 | 73 | 87 | 88 | 88 | 20 | 28 | 30 | 33 | 32 | 22 | 15 | 9 | 9 | 13 | 12 | 17 |
| Income before tax | 87 | 149 | 149 | 26 | −157 | −155 | −253 | −217 | −59 | −33 | — | — | — | — | — | — | — | — |
| Income tax | — | — | 2 | 1 | 1 | 2 | 2 | 1 | — | — | — | — | — | — | — | — | — | — |
| Net income | 87 | 149 | 141 | 25 | −145 | −148 | −195 | −218 | −59 | −33 | −56 | −226 | 182 | 159 | −13 | 76 | −4 | 40 |
| Diluted EPS | $5.68 | $9.46 | $0.81 | $1.44 | −$0.69 | −$6.84 | −$5.92 | −$6.01 | −$1.71 | −$0.86 | −$1.34 | −$5.38 | $4.27 | $3.70 | −$0.30 | $1.75 | −$0.10 | $0.92 |
| Diluted shares (average) | 15m | 16m | 18m | 18m | 21m | 22m | 33m | 36m | 34m | 38m | 42m | 42m | 43m | 43m | 43m | 44m | 43m | 44m |
| EBITDA | 306 | 299 | 337 | 249 | 70 | 74 | −113 | −110 | 42 | 69 | 44 | −138 | 257 | 227 | 61 | 156 | 84 | 140 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 99 | 99 | 71 | 81 | 80 | 110 | 114 | 136 |
| General and administrative | 7 | 8 | 7 | 7 | 8 | 8 | 8 | 8 |
| Operating income | 24 | 15 | −10 | −4 | 2 | 19 | 13 | 22 |
| Interest expense | 3 | 3 | 3 | 3 | 3 | 4 | 4 | 6 |
| Net income | 21 | 13 | −12 | −7 | −1 | 15 | 9 | 17 |
| Diluted EPS | $0.49 | $0.29 | −$0.28 | −$0.16 | −$0.02 | $0.36 | $0.21 | $0.37 |
| EBITDA | 41 | 32 | 8 | 14 | 22 | 40 | 34 | 44 |
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