First Ship Lease Trust (SGX:D8DU)

First Ship Lease Trust Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	8.45	8.51	24.22	24.98	48.33
Revenue Growth (YoY)	-0.66%	-64.87%	-3.01%	-48.33%	-33.89%
Cost of Revenue	2.93	2.9	16.69	21.55	30.58
Gross Profit	5.52	5.61	7.54	3.42	17.75
Selling, General & Admin	2.01	2.15	1.51	2.45	3.4
Operating Expenses	2.01	2.15	1.51	2.45	3.4
Operating Income	3.52	3.46	6.03	0.98	14.35
Interest Expense	-0.87	-1.27	-1.1	-0.89	-2.82
Interest & Investment Income	0.38	1.19	0.12	0.03	0.28
Currency Exchange Gain (Loss)	0.01	-0.01	0.03	-0	-0.03
Other Non Operating Income (Expenses)	1	-	-	-	-
EBT Excluding Unusual Items	4.03	3.37	5.07	0.11	11.78
Gain (Loss) on Sale of Assets	2.28	0.46	9.16	1.09	4.97
Asset Writedown	1.97	-	-0.95	-2.72	-10.5
Pretax Income	8.28	3.83	13.28	-1.52	6.25
Income Tax Expense	0.02	0.16	0.01	0	0
Net Income	8.26	3.67	13.27	-1.52	6.25
Net Income to Common	8.26	3.67	13.27	-1.52	6.25
Net Income Growth	125.04%	-72.35%	-	-	-38.35%
Shares Outstanding (Basic)	1,768	1,768	1,768	1,768	1,768
Shares Outstanding (Diluted)	1,768	1,768	1,768	1,768	1,768
Shares Change (YoY)	-	-	-	-	33.10%
EPS (Basic)	0.00	0.00	0.01	-0.00	0.00
EPS (Diluted)	0.00	0.00	0.01	-0.00	0.00
EPS Growth	125.11%	-72.33%	-	-	-56.25%
Free Cash Flow	14.46	5.53	59.46	60.63	101.04
Free Cash Flow Per Share	0.01	0.00	0.03	0.03	0.06
Dividend Per Share	-	0.015	0.016	0.035	0.030
Dividend Growth	-	-6.25%	-54.29%	16.67%	100.00%
Gross Margin	65.34%	65.92%	31.11%	13.71%	36.73%
Operating Margin	41.60%	40.61%	24.88%	3.91%	29.69%
Profit Margin	97.69%	43.13%	54.78%	-6.09%	12.92%
Free Cash Flow Margin	171.00%	64.98%	245.45%	242.75%	209.05%
EBIT	3.52	3.46	6.03	0.98	14.35
EBIT Margin	41.60%	40.61%	24.88%	3.91%	29.69%
Effective Tax Rate	0.19%	4.15%	0.04%	-	0.02%

Updated Feb 11, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.