BlueYield (SHIP) Q3 2025 earnings summary

Executive summary

• Q3 2025 marks the first active quarter following the acquisition of Blue Yield AS, with a focus on maritime asset investments and strategic divestments.

• The company operates a diversified fleet of 43 vessels across multiple shipping segments, aiming for stable cash flows and risk-adjusted returns.

• Listed on Nordic SME since June 2025, the company targets value creation through active portfolio management.

Financial highlights

• Net asset value per share as of 30 September 2025 was SEK 91.39; share price at period end was SEK 99.50.

• Q3 2025 operating profit reached SEK 2,671 thousand; profit for the period was SEK 2,964 thousand (SEK 0.93 per share).

• Year-to-date (6 Nov 2024–30 Sep 2025) operating loss was SEK -7,766 thousand; net loss SEK -8,986 thousand (SEK -2.81 per share).

• Portfolio fair value decreased by 1.9% in Q3 compared to Q2, or 0.9% adjusted for currency effects.

• Cash and cash equivalents at period end totaled SEK 37,704 thousand.

Outlook and guidance

• Several vessels are being marketed for sale, with expectations to sell three to five ships in the coming months at favorable prices to enhance liquidity.

• Management remains focused on identifying attractive opportunities while limiting downside risks amid heightened global market uncertainty.