Taylor Maritime Investments (TMI) investor relations material

Quarterly performance and balance sheet

• Q ended 30 September: charter revenue $6.0m, net loss $1.7m, adjusted EBITDA loss $1.8m and daily TCE earnings per vessel $13,450.

• NAV was $73.8m, or 81.19 cents per share, versus $122.2m, or 85.20 cents, at 30 June.

• Cash was $28.2m, debt $21.2m and other net liabilities $3.5m at quarter-end; cash was $44.7m and other net assets $15.2m at 30 June.

Managed realisation and capital returns

• Three vessel transactions completed since 1 July, including one Handysize sale and the exit from a 50% JV stake in two Handysize vessels, generating gross proceeds of ~$48.6m.

• Seven vessel sales have been completed under the managed realisation; 55 disposals since early 2023 generated $917.7m gross proceeds at an average 3.5% discount to Fair Market Value.

• A fourth compulsory partial redemption of $45.0m was confirmed; 55,425,545 shares are to be redeemed at 81.19 US cents per share.

• Capital returns since January 2026 total $263.4m; total distributions since the May 2021 IPO will reach $1.23 per IPO share after the fourth redemption.

Remaining fleet and pathway to delisting

• Terms agreed to sell the final owned vessel for $15.1m gross, with completion expected in December 2026.

• The sale-leaseback vessel remains on charter and falls away on expiry in April 2027; the Board is assessing its purchase option and charter terms to pursue an efficient exit.

• All commercial shipping operations are expected to be exited by year-end; a further compulsory redemption is expected in December, followed by plans for cancellation of the ordinary share listing.