Limassol, Cyprus, 3 August 2026
Pelagic Credit Plc ("Pelagic Credit" or the "Company") today announces results
for the second quarter of 2026. The quarter represents the first full reporting
period for the Company as a listed entity, following its admission to trading on
Euronext Growth Oslo on 9 March 2026.
Performance remained stable during the second quarter, consistent with Pelagic
Credit's business model, where most revenues and expenses are underpinned by
predictable, contracted cash flows. Pelagic Credit generated revenues of USD 1.7
million for the second quarter, and a net profit of USD 0.7 million. For the
first half year revenues came in at USD 3.2 million, and net profit at USD 1.6
million.
No new transactions closed in the second quarter. Business development activity
nevertheless remained high, with transactions lined up for closing in Q3 2026.
Two such transactions were announced in separate press releases published after
the end of the second quarter. The firm-period lease-adjusted revenue backlog on
30 June 2026, adjusted to include transactions closed in July 2026, stood at US$
107.1 million with an average remaining charter tenor of 5.1 years.
Following its first full fiscal quarter as a listed company, Pelagic Credit
declared its first quarterly dividend. Total dividends for the quarter amounted
to approximately USD 1.5 million or USD 0.04 per share.
Attached is the report for the second quarter and the presentation material.
CEO Tobias Backer will present the results today at 14:00 CEST. Participants are
welcome to follow the event via webcast.
Please use the following link to register for the webcast:
https://qcnl.tv/p/4T8AqU-dQGGRJmhR6Q8IWg
For further information, please contact:
Tobias Backer, CEO
tobias@pelagic-credit.com
+357 97 771 170 / +44 7799 815 020 / +1 917 207-8680
ABOUT PELAGIC CREDIT
Pelagic Credit is a yield-oriented ship owning company focused on generating
stable cash flows through long-term contracted employment of maritime assets.
The Company originates and structures long-term leasing and credit transactions
designed to generate predictable, contracted cash flows. Pelagic Credit is
listed on Euronext Growth Oslo and headquartered in Limassol, Cyprus.
For more information: www.pelagic-credit.com.
This information is subject to the disclosure requirements in the Norwegian
Securities Trading Act § 5-12.