MARKETS / NYSE / Industrials / Water transportation / HSHP

NYSE · DEEP SEA FOREIGN TRANSPORTATION OF FREIGHT · MID CAP

Himalaya Shipping Ltd. HSHP

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

Revenue

$131.9M

▲ 6.7% YoY

Net income

$17.7M

▼ 16.1% YoY

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

In brief

What this company does

Himalaya Shipping Ltd. operates twelve newbuilding dual fueled Newcastlemax 210,000 dwt dry bulk vessels, which comprise its fleet. It has entered into charter agreements for all of its vessels, pursuant to which eleven vessels are currently employed on index-linked time charters. In connection with the IMO sulfur cap regulations that came into force in January 2020, all of its vessels have scrubbers installed. It has outsourced technical management of its vessels to third-party ship managers, OSM and Wilhelmsen. Its vessels operate on a worldwide basis and are not restricted to specific locations. Himalaya Shipping Ltd. was incorporated in Bermuda on March 17, 2021, pursuant to the Companies Act 1981 of Bermuda, as an exempted company limited by shares.

Written from the business description in Himalaya Shipping Ltd.'s annual report to the U.S. Securities and Exchange Commission, filed 12 March 2026. Every sentence was checked against that document before publication.

Growth

USD 131.9M

Revenue, FY2025 · full 4-year series below

Revenue $M Net income $M

FY2025 · Revenue 131.9 · Net income 17.7

50M100M

20222025

Compound annual growth

3 yrs

5 yrs

10 yrs

15 yrs

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

13 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 51.7% · Net 13.4%

20%40%

202220232025

ROE

FY2025 · ROE 11.2%

5%10%-1%-2%

202220232025

Three returns, three denominators.

Return on equity11.2%

Return on assets2.0%

Return on capital employed8.2%

Gross margin78.8%

Operating margin51.7%

Net margin13.4%

EBITDAUSD 97.4M

Each USD of equity produced 11 cents of profit this year.

Cash & shareholders

USD 26.9M

returned in FY2025 · dividends + net buybacks

Net buybacks $M Dividends $M

FY2025 · Dividends 26.9 · Net buybacks ·

10M20M

2022202320242025

Dividends paidUSD 26.9M

Net buybacks·

Share of profit152.0%

Consecutive raises1 year

USD 26.9M in dividends — 152% of the year's profit, so the payout drew on cash built up earlier.

Total assetsUSD 863.9M

EquityUSD 161.7M

CashUSD 32.4M

Gross debtUSD 689.2M

Net debtUSD 656.8M

Current ratio1.08×

Net debt stands at 406% of equity.

The 4-year record

4 fiscal years

Every figure from documents filed with the SEC · USD

row low → row highnegative—not applicable◌not available in our data

HSHP, 4-year financial record
Metric	2025	2024	2023	2022
Revenue $B	0.1	0.1	0.0	0.0
Operating income $B	0.1	0.1	0.0	−0.0
EBITDA $B	0.1	0.1	0.0	−0.0
Income tax $B	0.0	0.0	0.0	0.0
Net income $B	0.0	0.0	0.0	−0.0
EPS, diluted $	0.38	0.48	0.04	−0.06
Dividend / sh $	0.57	0.48	◌	◌
Payout %	152	98	0	−0
ROE %	11.2	13.7	1.2	−2.2
Shares out B	0.05	0.04	0.04	0.03

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 16 reconciliationsAUDITED

Reconciled in 4 of the 4 fiscal years we could check. 30 checks were skipped: the balance sheet is not tagged before 2022. 15 checks were skipped: EPS is not tagged before 2022. 15 checks were skipped: revenue is not tagged before 2022.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures

ActivityDeep Sea Foreign Transportation of Freight

Listed onNYSE

Incorporated inoutside the United States — SEC code D0

Fiscal year endsDecember 31

SEC categoryemerging growth company

Data on record since2022