Norway's Western Bulk H2 Net TC more than doubles

Western Bulk Chartering AS

12/02/2026 16:09

Overview

Norwegian dry bulk operator's H2 2025 Net TC more than doubled to $20.1 mln

Net profit after tax for H2 2025 was $7.4 mln

Company declares dividend of NOK 1.21 per share, totaling $4.3 mln

Outlook

Western Bulk plans to pursue opportunities and partnerships to strengthen its platform in 2026

Company re-entered ship ownership to position for next market cycle phase

Result Drivers

MARKET RECOVERY - Recovery in dry bulk markets driven by strong Atlantic grain flows, improved coal demand in China, and resilient steel exports from Asia

STRATEGIC POSITIONING - Co was well positioned to capture upturn with exposure to rising rates in Handy, Supramax, and Panamax segments

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
FY Net Income
$5.40 mln


Analyst Coverage

The one available analyst rating on the shares is "hold"

The average consensus recommendation for the marine freight & logistics peer group is "buy."

Wall Street's median 12-month price target for Western Bulk Chartering AS is NOK15.30, about 11.6% below its February 11 closing price of NOK17.30

The stock recently traded at 42 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release: ID:nObijXgKRa

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)