Global Ship Lease Q2 revenue up 9.7%, adjusted net income beats estimates-February 2024-www.financetom.com

Global Ship Lease Q2 revenue up 9.7%, adjusted net income beats estimates

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Global Ship Lease Q2 revenue up 9.7%, adjusted net income beats estimates

Aug 5, 2025 5:49 AM

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 ( GSL ) sees 2025 contract cover at 96%

* Company expects 2026 contract cover to be 80%

* Global Ship Lease ( GSL ) 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/Mis Actual Consensu

s s

Estimate

Q2 EPS $2.61

Q2 Beat $95.10 $94 mln

Adjusted mln (1

Net Analyst)

Income

Q2 Net $93.10

Income mln

Q2 $2.1

Dividend

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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