Ramlösa Shipping (RAMSH) Q3 2025 earnings summary

Executive summary

• Achieved best quarterly result since listing, with strong profit growth and increased net asset value per share by 3 SEK during Q3 2025.

• Strategic focus on identifying undervalued vessels and risk diversification through various contract forms continues to deliver value.

• Strengthened management team with new CFO and vice CEO appointments.

Financial highlights

• Q3 2025 net revenue: 11,537 TSEK (up from 10,704 TSEK year-over-year).

• Q3 operating income: 7,462 TSEK (vs. -3,190 TSEK year-over-year).

• Q3 EBITDA: 10,976 TSEK (vs. -4,930 TSEK year-over-year).

• Q3 net profit: 10,992 TSEK (vs. -4,930 TSEK year-over-year); EPS: 2.8 SEK (vs. -2.3 SEK).

• 9M 2025 net revenue: 34,667 TSEK (vs. 34,300 TSEK year-over-year); EBITDA: 14,532 TSEK (vs. 13,611 TSEK).

• 9M 2025 net profit: 14,580 TSEK (vs. 13,611 TSEK); EPS: 2.8 SEK (vs. 1.6 SEK).

• Equity at period end: 109,644 TSEK (vs. 88,595 TSEK year-over-year).

Outlook and guidance

• Management expresses optimism for upcoming quarters, citing a strong financial position and a promising investment pipeline.

• Strategy remains to achieve at least 20% annual return on invested capital.