Pangaea Logistics Solutions Ltd. (PANL) Reports Fourth-quarter 2025 Earnings

Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) is one of the 10 Best Shipping Stocks to Buy According to Analysts.

On March 10, 2026, Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) announced fourth-quarter 2025 earnings, with GAAP net income of $11.9 million, or $0.19 per share, and adjusted net income of $10.1 million, or $0.16 per share, on revenue of $183.9 million. The company reported adjusted EBITDA of $28.7 million, increasing 23% year on year, and operating cash flow of $15.1 million. The firm earned time charter equivalent rates of $17,773 per day, 19% higher than the Baltic Panamax, Supramax, and Handysize indexes, and increased shipping days by 26% to 6,025.

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The corporation finished 2025 with $103.1 million in cash and $375.6 million in total debt, having repaid $11.8 million in obligations, paid $3.2 million in dividends, and repurchased $1.0 million in stock. The board announced a quarterly dividend of $0.05. Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) is also committed to selling the Bulk Xaymaca for $9.6 million, with delivery due in Q2 2026.

Pangaea Logistics Solutions Ltd. (NASDAQ:PANL) provides seaborne dry bulk logistics and transportation services to industrial customers globally.

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