Ramlösa Shipping (RAMSH) Q4 2024 earnings summary

Executive summary

• Achieved positive net income of 20.2 MSEK for 2024, despite significant IPO-related costs and being a newly listed company.

• Focused on identifying profitable shipping investments and expanding through strategic partnerships.

• Completed a successful IPO and capital raise of 27 MSEK in Q4, supporting future growth.

• Proposed dividend of 0.20 SEK per share, reflecting strong results and liquidity.

• Entered new joint ventures and expanded fleet through investments in vessels and related companies.

Financial highlights

• Q4 net revenue: 12,727 TSEK (down from 26,955 TSEK YoY); full-year net revenue: 47,028 TSEK (down from 145,041 TSEK YoY).

• Q4 EBITDA: 9,037 TSEK (17,619 TSEK YoY); full-year EBITDA: 13,047 TSEK (98,863 TSEK YoY), adjusted for IPO costs: 18,077 TSEK.

• Q4 net income: 6,624 TSEK (15,836 TSEK YoY); full-year net income: 20,236 TSEK (77,478 TSEK YoY), adjusted: 25,266 TSEK.

• Earnings per share (EPS) for 2024: 10.7 SEK (46.4 SEK YoY); adjusted EPS: 13.3 SEK.

• Equity at year-end: 121,018 TSEK (69,491 TSEK YoY); equity per share: 29.9 SEK.

Outlook and guidance

• 2025 to focus on building the Danish joint venture Capito Capital and seeking new investment opportunities.

• Management expects continued profitable expansion and adherence to the dividend policy of distributing 50–75% of net profit.