Taylor Maritime Investments (TMI) Q2 2027 TU earnings summary

Executive summary

• Managed realisation nears conclusion after seven vessel sales; focus is on final disposal, cost management and returning value to shareholders.

• All commercial shipping operations are expected to be exited by year-end 2026, with listing cancellation plans to follow a further capital return.

Financial highlights

• Q2 charter revenue was $6.0m; net loss was $1.7m and adjusted EBITDA loss was $1.8m, excluding vessel disposal gains.

• Adjusted EPS was $0.00 loss; daily TCE earnings per vessel were $13,450.

• Cash and equivalents were $28.2m at 30 September 2026, versus $44.7m at 30 June; other net liabilities were $3.5m versus net assets of $15.2m.

Outlook and guidance

• Final owned vessel sale is due to complete in December 2026 for gross proceeds of $15.1m.

• A further compulsory redemption is expected in December 2026, pending final vessel sale; substantially all capital is expected to have been returned afterward.

• Sale-leaseback vessel remains on charter until expiry in April 2027; the Board is assessing option value, charter terms and an efficient exit.