FSL Trust net profit grows 26.9% y-o-y for 1HFY2025 to US$1.7 mil from gain on disposal of vessels

However, the trusts’ adjusted ebitda for 1HFY2025 came in at US$2.04 million, down 33.4% y-o-y, and revenue for the reporting period declined 26.8% y-o-y to US$3 million.

As at June 30, the trust has 6 vessels operating under fixed-rate period charters, two less than in the same period a year ago.

The trust has contracted future revenue of up to US$13.5 million, including US$7.7 million of firm contracted revenue and US$ 5.8 million of optional contracted revenue. It made a voluntary prepayment of US$2.5 million to reduce the outstanding loan during the first half year 2025.

As at June 30, the trust has an outstanding loan of US$2 million.

See also: Fortress Minerals earnings decline to US$4.44 mil in 1HFY2026 from lower average realised selling price of iron ore

Units in FSL Trust closed flat at 4 US cents on Aug 5.