Oslo, Norway, May 7, 2025
2020 Bulkers Ltd. (“2020 Bulkers” or the “Company”) today announced its unaudited financial and operating results for the three months ended March 31, 2025.
Key events during the first quarter of 2025
– The Company reported net profit of US$0.2 million and EBITDA of US$4.3 million for the first quarter of 2025.
– The Company achieved average time charter equivalent earnings of approximately US$19,000 per day, gross.
– The Company declared total dividends and cash distributions of US$0.10 per share for the months of January, February and March 2025.
– Completed drydocking for Bulk Shenzhen and Bulk Sydney at a total cost of US$2.3 million.
Subsequent Events
– Achieved average time charter equivalent earnings for April 2025 of approximately US$27,100, per day, gross.
– In May 2025, the Company declared a dividend of US$0.10 per share for April 2025.
– Completed drydocking for Bulk Sao Paulo at a cost of US$1.2 million.
– Realized gain on forward freight agreements of approximately US$1.4 million for Q2 2025.
The Board of Directors Report, the Condensed Consolidated Financial Statements and the Q1 2025 Presentation are available in the enclosed files.
About 2020 Bulkers Ltd.
2020 Bulkers Ltd. is a limited liability company incorporated in Bermuda on 26 September 2017. The Company’s shares are traded on Oslo Børs under the ticker “2020”. 2020 Bulkers is an owner of six large dry bulk vessels.
May 7, 2025
Board of Directors
2020 Bulkers Ltd.
Oslo, Norway
Other News
Investor Relations
2020 Bulkers is fully committed to its shareholders’. We intend to provide comprehensive and fully updated information to our investors and analysts.