Pangaea Q4 net income $11.9M, TCE $17,773/day (+11% YoY); declares $0.05 dividend

Pangaea Logistics Solutions Ltd.

GAAP net income of $11.9M ($0.19 diluted EPS); adjusted net income of $10.1M ($0.16).
Revenue $183.9M; TCE rate $17,773/day, up 11% YoY and 19% above Baltic indices.
Shipping days rose 26% to 6,025 driven by the late-2024 acquisition of 15 handy-size vessels.
Quarterly cash dividend of $0.05/share declared, payable March 13, 2026; also agreed to sell Bulk Xaymaca for $9.6M.
CEO Mads Boye Petersen highlighted smooth leadership transition and unchanged strategic direction.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Pangaea Logistics Solutions Ltd. reported the three months ended December 31, 2025 results: revenue $183.9 million, net income $10.1 million, EPS $0.16 per share.

Period: the three months ended December 31, 2025
Revenue: $183.9 million
Net income: $10.1 million
EPS: $0.16 per share
Result: reported results

Exact text from the filing

Pangaea reported non-GAAP adjusted net income of $10.1 million, or $0.16 per share, on total revenue of $183.9 million.

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Pangaea Logistics Solutions Ltd. filing history →

Source: SEC EDGAR

accession 0001628280-26-016596

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