Pelagic Credit (PLGC) investor relations material

Executive summary

• Completed first full fiscal quarter as a public company, delivering stable results aligned with expectations and a business model focused on contracted cash flows.

• Achieved disciplined portfolio growth in H1 2026, supported by new investments in chemical tankers and handysize bulk carriers.

• Initiated first quarterly dividend of $0.04 per share, totaling $1.48 million, reflecting strong distributable cash flow.

• Maintains a robust transaction pipeline and disciplined investment approach, with further capital raising under consideration to support growth.

Financial highlights

• Profit before tax for H1 2026 was $1.6 million; Q2 net profit was $0.7 million; H1 EPS was $0.06 and Q2 EPS was $0.02.

• Lease-adjusted revenue backlog of $107.1 million with an average remaining charter tenor of 5.1 years.

• $61 million of $75 million IPO proceeds deployed or committed; $42.3 million paid/invested, remainder committed for future drawdowns.

• Cash and cash equivalents at Q2 end: $49.5 million; equity: $74.8 million; equity ratio: 66%.

• Total assets: $113.2 million; total interest-bearing debt: $37.0 million.

Outlook and guidance

• Expectation to continue quarterly dividend payments, with full capital deployment anticipated within FY 2026 and a robust pipeline of turn-key projects.

• Building a strong pipeline of both affiliated and non-affiliated deals, with two additional IPO-identified projects in development.

• Disciplined investment strategy and focus on long-term contracted cash flows expected to support continued dividend distributions.

• Potential equity capital increase or alternative capital raising initiatives under consideration to scale business.

• Ongoing geopolitical tensions create market uncertainty, but no direct exposure to affected regions.