Financial Statements — SHIP
Balance Sheet
(in millions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Cash & Equivalents | 48.24 | 21.87 | 19.38 | 26.03 | 41.50 | 21.01 | 13.65 |
| Accounts Receivable | 0.87 | 0.40 | 0.90 | 0.72 | 0.00 | 0.80 | 1.76 |
| Inventory | 1.63 | 1.69 | 1.56 | 2.00 | 1.45 | 4.65 | 3.86 |
| Total Current Assets | 74.89 | 45.90 | 25.09 | 61.64 | 47.18 | 30.55 | 21.93 |
| Property, Plant & Equipment | 506.82 | 488.46 | 440.46 | 434.55 | 426.47 | 257.11 | 254.17 |
| Total Non-current Assets* | 531.69 | 499.96 | 452.79 | 451.96 | 440.04 | 264.70 | 260.62 |
| Total Assets | 606.58 | 545.85 | 477.88 | 513.60 | 487.21 | 295.25 | 282.55 |
| Accounts Payable | 13.12 | 7.11 | 5.49 | 7.83 | 5.76 | 3.71 | 16.11 |
| Total Current Liabilities | 88.06 | 61.62 | 69.52 | 94.65 | 88.03 | 30.76 | 237.28 |
| Long-term Debt | 290.16 | 257.59 | 210.79 | 231.88 | 215.17 | 169.76 | 183.07 |
| Total Non-current Liabilities* | 237.13 | 222.05 | 179.92 | 197.25 | 154.70 | 168.79 | 15.41 |
| Total Liabilities | 325.20 | 283.67 | 249.43 | 291.90 | 242.74 | 199.55 | 252.69 |
| Retained Earnings | (319.46) | (333.77) | (361.69) | (361.99) | (353.25) | (394.60) | (376.24) |
| Total Stockholder Equity | 281.38 | 262.18 | 228.45 | 221.70 | 244.48 | 95.69 | 29.86 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Total Revenue | 158.10 | 167.46 | 110.23 | 125.02 | 153.11 | 65.68 | 89.52 |
| Selling, General & Admin | 20.46 | 23.97 | 22.15 | 17.41 | 13.74 | 6.61 | 5.99 |
| Total Operating Expenses | -- | -- | -- | -- | -- | 87.25 | -- |
| Operating Income | 43.34 | 62.57 | 21.35 | 29.68 | 65.91 | (0.27) | 12.04 |
| Interest Expense | -- | -- | 20.69 | 15.33 | 17.78 | 12.34 | 15.22 |
| Pretax Income | -- | 43.47 | 2.28 | 17.21 | 41.35 | (18.36) | (11.64) |
| Tax Provision | -- | 0.00 | 0.00 | (0.03) | 0.00 | 0.00 | 0.05 |
| Net Income | 21.24 | 43.47 | 2.28 | 17.24 | 41.35 | (18.36) | (11.70) |
| Basic EPS | 1.02 | 2.12 | 0.12 | 0.97 | 0.27 | (0.55) | -- |
| Diluted EPS | 1.01 | 2.11 | 0.12 | 0.96 | 0.25 | (0.55) | -- |
Cash Flow Statement
(in millions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 | FY
2020 | FY
2019 |
|---|
| Operating Cash Flow | 52.61 | 75.28 | 31.32 | 37.29 | 80.76 | (9.73) | 13.11 |
| Capital Expenditures | 35.59 | 70.65 | 0.31 | 70.32 | 197.21 | 20.19 | 12.35 |
| Free Cash Flow* | 17.02 | 4.63 | 31.01 | (33.03) | (116.45) | (29.92) | 0.76 |
| Investing Cash Flow | (23.35) | (79.37) | 17.75 | (56.26) | (184.62) | (21.86) | (12.35) |
| Financing Cash Flow | (1.52) | 14.08 | (56.62) | 5.83 | 127.44 | 39.10 | 6.35 |
* Derived from reported values
Dividends Per Share
(USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 |
|---|
| Dividends Per Share | 0.33 | 0.76 | 0.10 | 1.25 |
