Pelagic Credit (PLGC) investor relations material

Executive summary

• Q3 total income/revenue was US$2.613m, profit before tax US$983,518, net profit US$0.984m and EPS US$0.03; quarter-end cash was US$31.984m.

• Two Q3 transactions expanded the financed fleet to nine vessels; capital committed reached US$90.3m including the November Suezmax transaction.

• A second quarterly dividend of US$1.48m, or US$0.04 per share, was declared, matching the Q2 payment.

Financial highlights

• Nine-month revenue was US$5.832m, operating profit US$4.189m, net profit US$2.546m and EPS US$0.09.

• Total assets were US$146.030m, equity US$75.076m and interest-bearing debt US$70.224m at 30 September 2026; the equity ratio was 51.4%.

• Q3 net finance costs were US$0.805m; nine-month net finance costs were US$1.623m.

Outlook and guidance

• Further secured maritime credit transactions are being pursued across selected segments with disciplined structuring and reputable counterparties; management cited a strong pipeline.

• Additional funding options include a follow-on equity offering; common equity would be issued only if accretive and not at the current share price.

• 2026 distributable cash is not expected to exceed net income; quarterly dividends reflect the lower of net income and cash available for distribution, adjusted for one-off items and estimated full-year earnings.