Himalaya Shipping (HSHP) Corporate presentation summary

Financial performance and highlights

• Achieved net profit of $29.6M and EBITDA of $68.5M in 1H 2026, with TCE at $41,500/day, up from $25,000/day in 1H 2025.

• Distributed $1.37/share in cash from Jan–Aug 2026, with 32 consecutive monthly distributions.

• Market cap stands at ~$840M, gross debt at $681M, and estimated LTV at 57%.

• Operating cash flow for Q2 2026 was $34.2M.

• Board and sponsors own about 25% of equity, ensuring strong alignment.

Fleet and chartering position

• Operates 12 modern 210,000 DWT Newcastlemax LNG dual-fuel vessels, all fixed on long-term index charters with market-leading premiums averaging 141%.

• Fleet has a top 1% emission rating among large bulk carriers.

• Cash break-even is ~$17,500/day, well below the five-year BCI average of ~$22,000.

• Seven-year vessel financing at a 7% fixed interest rate, with a 26–28 year profile.

• Fleet status shows consistent index/fixed charter coverage into 2027.

Market and operational outperformance

• TCE earnings have averaged a 48% premium over the index and 25% over peers for the past three years.

• August 2026 TCE of $57,700/day signals continued strong momentum.

• Illustrative free cash flow per share rises significantly with higher Capesize index rates.

• Strong dividend capacity supported by robust operational performance.