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Visual21 Nov 2025
Data center suppliers
Philly Shipyard (PHLY) investor relations material
Philly Shipyard Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2025 earnings summary28 Aug, 2025
Executive summary
Paid dividends of USD 6.08 per share in February and USD 0.86 per share in June 2025.
Approved delisting from Euronext Expand, with last trading day set for 9 September 2025.
Ceased trading after sale of main asset, Philly Shipyard, Inc. (PSI), in December 2024.
Financial highlights
Year-to-date operating revenues for June 2025 and June 2024 were USD 0.
EBITDA for June 2025 was negative USD 1.2 million, compared to negative USD 0.3 million in June 2024.
Net loss after tax for June 2025 was USD 0.6 million, versus USD 17.0 million loss in June 2024 (which included a USD 16.7 million loss from discontinued operations).
Total assets dropped to USD 12.0 million at 30 June 2025 from USD 98.1 million at 31 December 2024, mainly due to dividend payments.
Cash and cash equivalents fell to USD 1.9 million at 30 June 2025 from USD 88.0 million at year-end 2024.
Outlook and guidance
Will convert to a private limited liability company (AS) after delisting.
Will exist until the earlier of the end of a four-year escrow period or disbursement of escrow funds related to the PSI sale.
Escrow fund release impact on distributions?
Clarify the "under liquidation" status vs. AS conversion.
What are the ongoing costs for winding down the Norwegian entity?
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Frequently asked questions
Philly Shipyard, Inc. is a U.S.-based company engaged in the construction, repair, and maintenance of vessels. The company specializes in building merchant vessels, including containerships and tankers, for commercial customers. It also undertakes contracts for government entities, contributing to shipbuilding projects related to national defense and other federal initiatives. Philly Shipyard operates primarily within the maritime and defense sectors, providing services that support the domestic shipping industry and U.S. maritime interests. The company is headquartered in Philadelphia, Pennsylvania, and its shares are listed on the Oslo Stock Exchange.
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