MARKETS / NYSE / GNK

NYSE · DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT · MID CAP

Genco Shipping & Trading Ltd. GNK

17 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$342.1M

▼ 19.1% YoY

Net income

$-4.5M

▼ 105.9% YoY

Free cash flow

$28.7M

▼ 76.8% YoY

In brief

What this company does

The company owns and operates a fleet of drybulk vessels focused on the seaborne transportation of commodities globally, transporting cargoes such as iron ore, coal, grain, bauxite and steel products along worldwide shipping routes. It maintains a global commercial team located in the United States, Denmark and Singapore. It currently employs 36 shore-based personnel, including those in its Singapore and Copenhagen offices, and approximately 945 seagoing personnel are employed on its vessels. For the year ended December 31, 2025, one customer, Oldendorff Carriers, including its subsidiaries, accounted for 11.0% of its voyage revenue. Its major bulk vessels, consisting of Newcastlemax and Capesize ships, are primarily used to transport iron ore, coal and bauxite. Its minor bulk vessels, consisting of Ultramax and Supramax ships, are primarily used to transport grains, steel products and other drybulk cargoes such as cement, scrap, fertilizer, nickel ore, salt and sugar.

Written from the business description in GENCO SHIPPING & TRADING LTD's annual report to the U.S. Securities and Exchange Commission, filed 18 February 2026. Every sentence was checked against that document before publication.

Growth

USD 342.1M

Revenue, FY2025 · full 17-year series below

Revenue $M Net income $M

FY2025 · Revenue 342.1 · Net income -4.5

Compound annual growth

Revenue

−14.0%

+4.3%

+8.3%

−1.8%

Dividend / share

−35.1%

+26.1%

Returned to shareholders

−34.3%

+27.2%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +4.3% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−1 cents

lost on every revenue dollar

Operating margin Net margin

FY2025 · Operating 2.2% · Net -1.3%

ROE

FY2025 · ROE -0.5%

Gross margin71.2%

Operating margin2.2%

Net margin-1.3%

Return on assets-0.4%

EBITDAUSD 83.7M

Each USD of equity lost 0 cents this year.

Cash & shareholders

USD 32.8M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 28.7

Net buybacks $M Dividends $M

FY2025 · Dividends 32.8 · Net buybacks —

Dividends paidUSD 32.8M

Net buybacks—

Share of profit-751.4%

Consecutive raises—

USD 32.8M in dividends went back to shareholders in a year without profit.

Total assetsUSD 1.1B

EquityUSD 896.5M

CashUSD 55.5M

Gross debtUSD 189.1M

Net debtUSD 133.5M

Current ratio2.39×

Net debt stands at 15% of equity.

The 17-year record

17 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2013	2012	2011	2010	2009	2008
Revenue $B	0.3	0.4	0.4	0.5	0.4	0.3	0.3	0.2	0.0	0.1	0.2	0.2	0.2	0.4	0.4	0.4	0.4
Operating income $B	0.0	0.1	−0.0	0.2	0.2	−0.2	−0.0	0.0	−0.0	−0.2	−0.2	−0.1	−0.1	0.1	0.2	0.2	0.2
EBITDA $B	0.1	0.2	0.1	0.2	0.3	−0.1	0.0	0.1	0.0	−0.1	−0.1	0.1	0.1	0.2	0.3	0.3	0.3
Income tax $B	·	·	·	·	·	·	·	·	·	0.0	0.0	0.0	0.0	0.0	0.0	·	·
Net income $B	−0.0	0.1	−0.0	0.2	0.2	−0.2	−0.1	−0.0	−0.1	−0.2	−0.3	−0.2	−0.2	0.0	0.1	0.1	0.1
Free cash flow $B	0.0	0.1	0.1	0.2	0.2	0.0	0.1	0.1	0.0	−0.1	−0.1	−0.0	−0.0	0.2	·	·	·
EPS, diluted $	−0.10	1.75	−0.30	3.70	4.27	−5.38	−1.34	−0.86	−1.71	−30.03	−29.61	−3.42	−3.47	0.72	4.07	4.73	2.84
Dividend / sh $	0.75	1.57	0.95	2.74	0.32	0.23	0.50	·	·	·	·	0.00	0.00	0.00	·	·	3.85
Payout %	−751	88	−318	73	7	−4	−37	·	·	·	·	·	·	·	·	·	135
ROE %	−0.5	8.3	−1.4	16.8	21.9	−26.2	−5.5	−3.2	−5.9	−20.4	−23.7	−15.4	−14.2	2.2	13.7	16.0	·
Shares out B	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.04	0.03	0.01	0.01	0.04	0.04	0.04	0.04	0.03	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures in 69 reconciliationsAUDITED

Reconciled in 18 of 19 fiscal years. 9 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityDeep Sea Foreign Transportation of Freight

Listed onNYSE

Incorporated inoutside the United States — SEC code 1T

Fiscal year endsDecember 31

Data on record since2008