Global Ship Lease announced its unaudited third‑quarter 2025 results today, reporting operating revenues of $192.7 million—an increase of 10.7% from $174.1 million in the same period a year earlier. Adjusted EBITDA rose to $130.2 million, up $6.9 million from $123.3 million in Q3 2024, reflecting higher charter rates and a favorable mix of new and existing vessels.
The company also raised its supplemental dividend to $2.50 per share, a 19% increase from the previous level, and confirmed 100% forward‑contract coverage for 2025, 96% for 2026, and 74% for 2027. These forward contracts provide the company with revenue certainty and protect against market volatility, while the dividend hike signals confidence in continued cash flow generation.
Fleet activity included the sale of three older vessels—Tasman, Keta, and Akiteta—for a combined gain of $28.3 million, and the company reported a utilization rate of 95.9% for the quarter. Debt stood at $731.6 million, with 17 vessels unencumbered, underscoring a strong balance sheet and low leverage of 0.7x EBITDA.
Collectively, the earnings beat, dividend increase, and robust forward coverage reinforce Global Ship Lease’s strategic positioning in the mid‑size containership market, enhance shareholder value, and provide a solid foundation for future growth.
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