Ramlösa Shipping (RAMSH) Q2 2026 earnings summary

Executive summary

• Investment company focused on shipping, aiming to identify undervalued vessels and reduce risk via diversified contracts and partnerships.

• First half of 2026 marked by portfolio management and resolving historical issues, including leadership changes and external investigations.

• No net sales reported for Q2 or H1 2026 due to divestment of a major holding; focus shifted to minority interests in vessels.

Financial highlights

• Q2 2026 net sales: 0 tkr (vs. 10,884 tkr Q2 2025); H1 2026 net sales: 0 tkr (vs. 23,130 tkr H1 2025).

• Q2 2026 operating result: -2,341 tkr (2,292 tkr); EBITDA: -2,341 tkr (3,875 tkr); net result: 1,118 tkr (-361 tkr).

• H1 2026 operating result: -5,318 tkr (6,421 tkr); EBITDA: -5,318 tkr (9,677 tkr); net result: 1,272 tkr (3,588 tkr).

• Equity at period end: 129,183 tkr (113,901 tkr); equity per share: 28.8 kr (28.4 kr).

• Cash and cash equivalents: 53,627 tkr (12,588 tkr at H1 2025).

Outlook and guidance

• Continued focus on cost reduction, strengthening internal processes, and evaluating new vessel investments.

• No dividend for 2025 due to market conditions and internal reviews.