The Great Eastern Shipping Company Limited — PPTs, 31-07-2025: Investor Presentation

**1. Financial Highlights:**

GE Shipping reported Q1FY26 consolidated net profit of INR 506 Cr on revenue of INR 1,337 Cr, with EBITDA at INR 763 Cr. An interim dividend of INR 7.20/share was declared. Consolidated NAV per share stood at INR 1,431. Despite year-on-year declines in profitability, the company holds a strong net cash position of approx. USD 593 million.

**2. Strategic Initiatives & Growth Drivers:**

Fleet expansion continues with a contracted purchase of a 10-year-old Kamsarmax Dry Bulk Carrier, expected in 3Q26. This, combined with its strong net cash, provides significant financial flexibility for future growth.

**3. Business Developments:**

The company maintains a consistent dividend payout strategy, declaring its 14th consecutive quarterly dividend. Its diverse fleet comprises 38 shipping vessels (3.04 Mn DWT) and 20 offshore vessels, highlighting broad operational assets.

**4. Market Position & Competitive Advantage:**

The shipping industry faces favorable dynamics with low order book-to-fleet ratios and an aging global fleet, signaling potential for improved rates. GE Shipping's robust net cash position further enhances its competitive standing.

**5. Investor Implications:**

While Q1FY26 profitability declined year-on-year, the strong balance sheet and consistent dividends are positive. Favorable industry supply trends and proactive fleet management suggest positive growth potential.