Oslo, 22 May 2025
Please see the enclosed report for further information.
Financial highlights - Q1 2025:
+------------------------------------+-------------+
|Net TC result (loss) | USD (1.50m) |
+------------------------------------+-------------+
|Unrealized TC position result (loss)| USD 0.53m |
+------------------------------------+-------------+
|Total operating expenses | USD (0.41m) |
+------------------------------------+-------------+
|Adj. net profit (loss)* | USD (1.84m) |
+------------------------------------+-------------+
| | |
+------------------------------------+-------------+
|Avg. spot-linked TC-out rate |USD 43,400/d |
+------------------------------------+-------------+
|Avg. fixed TC-in rate |USD 51,750/d |
+------------------------------------+-------------+
|Avg. TC-margin (loss) |USD (8,350)/d|
+------------------------------------+-------------+
|Vessel days | 180 / 180 |
+------------------------------------+-------------+
| | |
+------------------------------------+-------------+
|Cash and working capital | USD 9.54m |
+------------------------------------+-------------+
*Excluding unrealized non-cash TC position result (loss)
Contact:
Erik A.S. Frydendal, CEO, ef (a) huntergroup.no, Ph.: +47 957 72 947
Lars M. Brynildsrud, CFO, lb (a) huntergroup.no, Ph.: +47 932 60 882
This information is subject to disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act.