GENCO SHIPPING & TRADING LTDGNKEarnings & Financial Report
Genco Shipping & Trading Ltd is a global dry bulk shipping enterprise that operates a diversified fleet of bulk carriers, transporting essential commodities including iron ore, coal, grain, and steel products across major international trade routes, serving industrial, manufacturing, and commodity trading clients worldwide.
GNK Q1 FY2026 Key Financial Metrics
Revenue
$114.4M
Gross Profit
N/A
Operating Profit
$13.3M
Net Profit
$9.6M
Gross Margin
N/A
Operating Margin
11.6%
Net Margin
8.4%
YoY Growth
60.6%
EPS
$0.21
GENCO SHIPPING & TRADING LTD Q1 FY2026 Financial Summary
GENCO SHIPPING & TRADING LTD reported revenue of $114.4M (up 60.6% YoY) for Q1 FY2026, with a net profit of $9.6M (8.4% margin).
Key Financial Metrics
| Total Revenue | $114.4M |
|---|---|
| Net Profit | $9.6M |
| Gross Margin | N/A |
| Operating Margin | 11.6% |
| Report Period | Q1 FY2026 |
GENCO SHIPPING & TRADING LTD Annual Revenue by Year
GENCO SHIPPING & TRADING LTD annual revenue history includes year-by-year totals (for example, 2025 revenue was $342.1M).
GENCO SHIPPING & TRADING LTD Quarterly Revenue & Net Profit History
GENCO SHIPPING & TRADING LTD results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $114.4M | +60.6% | $9.6M | 8.4% |
| Q4 FY2025 | $109.9M | +10.8% | $15.4M | 14.0% |
| Q3 FY2025 | $79.9M | -19.5% | $-1.1M | -1.3% |
| Q2 FY2025 | $80.9M | -24.4% | $-6.8M | -8.4% |
| Q1 FY2025 | $71.3M | -39.3% | $-11.9M | -16.7% |
| Q4 FY2024 | $99.2M | -14.1% | $12.7M | 12.8% |
| Q3 FY2024 | $99.3M | +19.2% | $21.5M | 21.6% |
| Q2 FY2024 | $107.0M | +18.2% | $23.5M | 21.9% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $107.0M | $99.3M | $99.2M | $71.3M | $80.9M | $79.9M | $109.9M | $114.4M |
| YoY Growth | 18.2% | 19.2% | -14.1% | -39.3% | -24.4% | -19.5% | 10.8% | 60.6% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $1.06B | $1.04B | $1.06B | $1.04B | $1.04B | $1.11B | $1.14B | $1.25B |
| Liabilities | $134.7M | $112.9M | $128.4M | $133.9M | $147.2M | $220.3M | $240.3M | $365.0M |
| Equity | $921.8M | $929.9M | $926.7M | $903.2M | $891.6M | $885.9M | $896.5M | $887.0M |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $29.0M | $35.6M | $30.0M | $2.9M | $5.4M | $7.7M | $15.9M | $15.7M |