GENCO SHIPPING & TRADING LTD

Listed Company

GNKCIK 0001326200NYSEAcceleratedDeep Sea Foreign Transportation Of Freight1TFY ends Dec 31

Period

FY 2025

Revenue

$342.05M

Net Income

$-4.37M

Total Assets

—

Equity

—

Shares Out

43.58M

Op. Cash Flow

$31.89M

GNK$24.14+61.04% · past yearDBEQ Basic

Daily closing prices

Business

Genco Shipping & Trading is a New York-based owner of drybulk vessels that transports commodities including iron ore, coal, grain, bauxite, and steel products globally via seaborne routes. The company operates a fleet of 43 vessels (with two additional Newcastlemax vessels expected in 2026) comprised of Capesize, Ultramax, and Supramax classes totaling approximately 5 million deadweight tons. It employs active commercial strategies using spot market voyage charters, time charters, and contracts of affreightment, with a commercial team in New York, Singapore, and Copenhagen.

Summary from 10-K filed 2026-02-18

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total revenues	342	423	384	537	547
Voyage expenses	115	127	143	154	146
Vessel operating expenses	99	102	97	99	82
Charter hire expenses	6	9	9	27	36
General and administrative expenses (inclusive of nonvested stock amortization expense of $7,046, $5,850 and $5,530, respectively)	31	29	28	26	24
Technical management expenses	5	5	4	3	6
Depreciation and amortization	76	69	66	60	56
Impairment of vessel assets	651,000	7	42	0	0
Net gain on sale of vessels	—	−16	—	—	−5
Other operating expense	2	6	—	—	—
Total operating expenses	335	336	390	370	346
Operating income (loss)	7	87	−6	167	201
Other expense	−531,000	−234,000	−396,000	178,000	541,000
Interest income	1	3	3	1	154,000
Interest expense	−12	−13	−9	−9	—
Loss on debt extinguishment	−678,000	—	—	—	−4
Other expense, net	−12	−11	−7	−8	−19
Net (loss) income	−5	76	−12	159	182
Less: Net (loss) income attributable to noncontrolling interest	−149,000	95,000	514,000	788,000	38,000
Net (loss) income attributable to Genco Shipping & Trading Limited	−4	76	−13	159	182
Net (loss) earnings per share-basic	−0.1	1.77	−0.3	3.74	4.33
Net (loss) earnings per share-diluted	−0.1	1.75	−0.3	3.7	4.27
Weighted average common shares outstanding-basic	43	43	43	42	42
Weighted average common shares outstanding-diluted	43	44	43	43	43

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	56	44	47	58	115
Restricted cash	—	315,000	—	6	6
Due from charterers, net of a reserve of $519 and $1,620, respectively	14	21	18	25	20
Prepaid expenses and other current assets	14	10	10	8	10
Inventories	25	22	27	22	25
Total current assets	109	98	157	125	175
Vessels, net of accumulated depreciation of $372,525 and $322,807, respectively	939	915	945	1,003	981
Deposits on vessels	15	—	—	—	—
Deferred drydock, net of accumulated amortization of $29,389 and $33,610, respectively	62	30	30	32	14
Fixed assets, net of accumulated depreciation and amortization of $12,521 and $9,811, respectively	7	7	7	9	7
Operating lease right-of-use assets	5	6	3	4	5
Total noncurrent assets	1,029	959	985	1,048	1,028
Total assets	1,138	1,057	1,142	1,174	1,203
Accounts payable and accrued expenses	37	34	24	29	30
Deferred revenue	9	5	9	5	10
Current operating lease liabilities	—	2	2	2	2
Total current liabilities:	46	41	35	37	42
Long-term operating lease liabilities	6	6	2	4	6
Long-term debt, net of deferred financing costs of $10,920 and $7,825, respectively	189	82	190	165	238
Total noncurrent liabilities	195	88	192	169	244
Total liabilities	240	128	227	206	286
Commitments and contingencies (Note 18)	—	—	—	—	—
Common stock, par value $0.01; 500,000,000 shares authorized; 43,243,165 and 42,757,895 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively	432,000	427,000	425,000	423,000	419,000
Additional paid-in capital	1,465	1,491	1,553	1,589	1,702
Accumulated deficit	−569	−565	−641	−628	−787
Total Genco Shipping & Trading Limited shareholders' equity	896	927	913	967	917
Noncontrolling interest	1	1	1	876,000	88,000
Total equity	898	928	915	968	917
Total liabilities and equity	1,138	1,057	1,142	1,174	1,203

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Amortization of deferred financing costs	2	2	2	2	4
Right-of-use asset amortization	1	1	1	1	1
Amortization of premium on derivatives	—	45,000	210,000	86,000	197,000
Insurance proceeds for protection and indemnity claims	103,000	286,000	269,000	829,000	988,000
Insurance proceeds for loss of hire claims	6,000	734,000	506,000	—	—
Decrease (increase) in due from charterers	7	−4	8	−5	−7
Increase in prepaid expenses and other current assets	−5	−3	−5	−317,000	−783,000
(Increase) decrease in inventories	−3	5	−5	3	−3
Increase (decrease) in accounts payable and accrued expenses	2	10	−2	−2	5
Increase (decrease) in deferred revenue	4	−4	4	−5	2
Decrease in operating lease liabilities	−2	−2	−2	−2	−2
Deferred drydock costs incurred	−56	−21	−11	−26	−5
Net cash provided by operating activities	32	127	92	189	231
Purchase of vessels and ballast water treatment systems, including deposits	−89	−54	−91	−52	−116
Purchase of other fixed assets	−3	−3	−3	−4	−2
Net proceeds from sale of vessels	—	103	—	—	49
Insurance proceeds for hull and machinery claims	864,000	1	2	1	418,000
Net cash (used in) provided by investing activities	−92	48	−92	−55	−68
Cash dividends paid	−33	−68	−41	−116	−13
Payment of deferred financing costs	−6	−38,000	−5	−11,000	−6
Net cash provided by (used in) financing activities	71	−178	−17	−191	−223
Net increase (decrease) in cash, cash equivalents and restricted cash	12	−3	−17	−56	−59

Filings

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Frequently asked questions

What is GENCO SHIPPING & TRADING LTD's CIK number?

GENCO SHIPPING & TRADING LTD's SEC CIK number is 0001326200 (1326200). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.

Where can I find GENCO SHIPPING & TRADING LTD's SEC filings?

All of GENCO SHIPPING & TRADING LTD's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.

When did GENCO SHIPPING & TRADING LTD last report earnings?

GENCO SHIPPING & TRADING LTD (GNK) most recently filed an earnings 8-K with the SEC on May 6, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001140361-26-019316). This is GENCO SHIPPING & TRADING LTD's most recent earnings filing of record — not a forecast of its next earnings date.

What is GENCO SHIPPING & TRADING LTD's most recent earnings 8-K?

GENCO SHIPPING & TRADING LTD's latest earnings 8-K (Item 2.02) was filed May 6, 2026 under accession 0001140361-26-019316. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.

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