NYSE · Financial Statements

Himalaya Shipping Ltd. (HSHP) Financial Statements

$16.89 NYSE: HSHP Market Cap $796.70M

Himalaya Shipping Ltd. most recently reported annual revenue of $132.0M, net profit of $18.0M. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Himalaya Shipping Ltd.: net profit was positive in 3 of 5 reported years; operating margin moved from 39.8% to 51.7%, a shift of +11.9 percentage points; the most recent year shows net profit of $18.0M.

Income Statement — 5 Years (USD millions)

Metric20212022202320242025
Revenue$0$0$37.0M$124.0M$132.0M
Operating Expenses$1.0M$2.0M$22.0M$57.0M$64.0M
Operating Profit$-1.0M$-2.0M$15.0M$67.0M$68.0M
Operating Margin0.0%0.0%39.8%53.9%51.7%
Other Income$0$0$-13.0M$-46.0M$-50.0M
Interest$0$0$14.0M$47.0M$53.0M
Depreciation$1.0M$0$9.0M$26.0M$29.0M
Profit Before Tax$-1.0M$-2.0M$2.0M$21.0M$18.0M
Tax$0$0$0$50,000$0
Net Profit$-1.0M$-2.0M$2.0M$21.0M$18.0M
EPS$-0.05$-0.06$0.04$0.48$0.38
Dividend Payout0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$10.0M$18.0M$24.0M$31.0M$39.0M$30.0M$22.0M$30.0M$38.0M$42.0M$34.0M$54.0M
Operating Expenses$7.0M$8.0M$12.0M$14.0M$16.0M$16.0M$15.0M$16.0M$16.0M$16.0M$16.0M$17.0M
Operating Profit$3.0M$10.0M$11.0M$18.0M$24.0M$14.0M$7.0M$14.0M$22.0M$26.0M$17.0M$37.0M
Operating Margin29.0%53.7%48.4%56.1%60.5%47.3%29.6%45.5%58.0%61.8%51.2%68.3%
Interest$5.0M$6.0M$9.0M$11.0M$13.0M$13.0M$13.0M$13.0M$13.0M$13.0M$12.0M$12.0M
Profit Before Tax$-2.0M$5.0M$2.0M$7.0M$11.0M$1.0M$-6.0M$1.0M$10.0M$14.0M$5.0M$25.0M
Tax$0$0$0$0$40,000$680,000$0$0$0$0$0$0
Net Profit$-2.0M$5.0M$2.0M$7.0M$11.0M$1.0M$-6.0M$1.0M$10.0M$14.0M$5.0M$25.0M
EPS$-0.05$0.11$0.06$0.16$0.24$0.02$-0.14$0.02$0.21$0.29$0.11$0.52

Over the 5 years reported for Himalaya Shipping Ltd., cash stood at $32.0M in the latest year, shareholders' equity was $47.0M, current assets covered current liabilities 1.08 times.

Balance Sheet — 5 Years (USD millions)

Metric20212022202320242025
Total Assets$95.0M$178.0M$599.0M$880.0M$864.0M
Current Assets$11.0M$2.0M$33.0M$27.0M$40.0M
Cash$11.0M$0$26.0M$19.0M$32.0M
Inventory$0$0$1.0M$2.0M$2.0M
Receivables$0$0$1.0M$1.0M$1.0M
Fixed Assets$84.0M$176.0M$561.0M$853.0M$824.0M
Capital Work in Progress$0$0$0$0$0
Investments$0$0$0$0$0
Other Assets$0$0$0$0$0
Total Liabilities$3.0M$87.0M$445.0M$725.0M$702.0M
Current Liabilities$1.0M$26.0M$25.0M$36.0M$37.0M
Borrowings$0$67.0M$439.0M$714.0M$689.0M
Other Liabilities$3.0M$20.0M$6.0M$11.0M$13.0M
Equity$32.0M$32.0M$44.0M$44.0M$47.0M
Reserves$92.0M$90.0M$154.0M$155.0M$162.0M

For Himalaya Shipping Ltd., operating cash flow was positive in 3 of 5 reported years; free cash flow in the latest year was $52.0M; free cash flow was positive in 1 of 5 years.

Cash Flow Statement — 5 Years (USD millions)

Metric20212022202320242025
Operating Cash Flow$0$-1.0M$6.0M$56.0M$52.0M
Investing Cash Flow$-138.0M$-156.0M$-826.0M$-626.0M$0
Financing Cash Flow$0$-2.0M$-4.0M$-2.0M$6.0M
Net Cash Flow$11.0M$-11.0M$25.0M$-6.0M$13.0M
Free Cash Flow$-69.0M$-80.0M$-407.0M$-257.0M$52.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.02
EV / EBITDA11.32
FCF Yield10.23%
Quick Ratio1.13
Interest Coverage2.03
Return 1Y137.18%
Return 3Y227.60%
Return 5Y—

Himalaya Shipping Ltd. (HSHP) financials — frequently asked questions

What is Himalaya Shipping Ltd.'s annual revenue?

Himalaya Shipping Ltd. (HSHP) reported annual revenue of $132.0M in its most recent fiscal year.

What is Himalaya Shipping Ltd.'s net profit?

Himalaya Shipping Ltd. (HSHP) reported net profit of $18.0M in its most recent fiscal year.

What is HSHP EV/EBITDA?

Himalaya Shipping Ltd.'s enterprise value to EBITDA (EV/EBITDA) ratio is 11.32.

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