Samudera Shipping Line Ltd Annual Report 2025
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| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Consolidated Statement of Profit or Loss | |||
| RevenueUSD thousand | 605,658 | 532,008 | PDF p. 44 |
| Cost of salesUSD thousand | (501,911) | (429,738) | PDF p. 44 |
| Gross profitUSD thousand | 103,747 | 102,270 | PDF p. 44 |
| Other incomeUSD thousand | 2,760 | 3,495 | PDF p. 44 |
| Marketing expensesUSD thousand | (14,128) | (12,450) | PDF p. 44 |
| Administrative expensesUSD thousand | (11,306) | (10,525) | PDF p. 44 |
| Other expensesUSD thousand | (57) | (389) | PDF p. 44 |
| Profit from operationsUSD thousand | 81,016 | 82,401 | PDF p. 44 |
| Finance incomeUSD thousand | 13,185 | 15,341 | PDF p. 44 |
| Finance costsUSD thousand | (18,091) | (14,929) | PDF p. 44 |
| Operating profitUSD thousand | 76,110 | 82,813 | PDF p. 44 |
| Share of results of a joint ventureUSD thousand | 4,323 | (7,813) | PDF p. 44 |
| Profit before taxUSD thousand | 80,433 | 75,000 | PDF p. 44 |
| Income tax expenseUSD thousand | (3,601) | (3,793) | PDF p. 44 |
| Profit for the yearUSD thousand | 76,832 | 71,207 | PDF p. 44 |
| Attributable to: Owners of the CompanyUSD thousand | 76,700 | 70,849 | PDF p. 44 |
| Non-controlling interests (“NCI”)USD thousand | 132 | 358 | PDF p. 44 |
| TotalUSD thousand | 76,832 | 71,207 | PDF p. 44 |
| Earnings per share (US cents) Basic and dilutedUS cents per share | 14.26 | 13.17 | PDF p. 44 |
Original report: PDF p. 44 ↗
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| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Consolidated Statement of Comprehensive Income | |||
| Profit for the yearUSD thousand | 76,832 | 71,207 | PDF p. 45 |
| Remeasurement of defined benefit obligations (Note 26)USD thousand | (12) | 167 | PDF p. 45 |
| TotalUSD thousand | (12) | 167 | PDF p. 45 |
| Share of other comprehensive income of joint venture (Note 30(b))USD thousand | (878) | (732) | PDF p. 45 |
| Exchange differences on translation of foreign operationsUSD thousand | (909) | (747) | PDF p. 45 |
| TotalUSD thousand | (1,787) | (1,479) | PDF p. 45 |
| Other comprehensive income for the year, net of taxUSD thousand | (1,799) | (1,312) | PDF p. 45 |
| Total comprehensive income for the yearUSD thousand | 75,033 | 69,895 | PDF p. 45 |
| Total comprehensive income attributable to: Owners of the CompanyUSD thousand | 75,169 | 69,801 | PDF p. 45 |
| Non-controlling interestsUSD thousand | (136) | 94 | PDF p. 45 |
| TotalUSD thousand | 75,033 | 69,895 | PDF p. 45 |
Original report: PDF p. 45 ↗
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| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Statements of Financial Position — assets | |||||
| Non-current assets Investment propertiesUSD thousand | 276 | 514 | 276 | 514 | PDF p. 46 |
| Property, plant and equipmentUSD thousand | 314,960 | 275,686 | 50,567 | 49,364 | PDF p. 46 |
| Right-of-use assetsUSD thousand | 219,438 | 145,166 | 212,347 | 136,753 | PDF p. 46 |
| Intangible assetsUSD thousand | 1,734 | 1,975 | 1,276 | 1,427 | PDF p. 46 |
| SubsidiariesUSD thousand | – | – | 120,355 | 113,121 | PDF p. 46 |
| Joint ventureUSD thousand | 35,086 | 31,641 | 26,917 | 26,917 | PDF p. 46 |
| Deferred tax assetsUSD thousand | 451 | 371 | – | – | PDF p. 46 |
| Due from a subsidiary (non-trade)USD thousand | – | – | 2,302 | 1,882 | PDF p. 46 |
| Lease receivablesUSD thousand | 550 | 729 | 550 | 729 | PDF p. 46 |
| Convertible notesUSD thousand | 5,628 | – | 5,628 | – | PDF p. 46 |
| Total non-current assetsUSD thousand | 578,123 | 456,082 | 420,218 | 330,707 | PDF p. 46 |
| Current assets Cash and bank balancesUSD thousand | 350,182 | 374,533 | 301,286 | 322,040 | PDF p. 46 |
| Trade receivables – third partiesUSD thousand | 102,816 | 84,998 | 91,705 | 75,762 | PDF p. 46 |
| Prepaid operating expensesUSD thousand | 20,746 | 20,834 | 13,779 | 14,002 | PDF p. 46 |
| Other receivables and depositsUSD thousand | 2,981 | 3,796 | 164 | 358 | PDF p. 46 |
| Due from immediate holding company (non-trade)USD thousand | 259 | 260 | – | – | PDF p. 46 |
| Due from immediate holding company (trade)USD thousand | 3,119 | 3,360 | 3,108 | 3,355 | PDF p. 46 |
| Due from subsidiaries (trade)USD thousand | – | – | 3,219 | 4,492 | PDF p. 46 |
| Due from subsidiaries (non-trade)USD thousand | – | – | 58,085 | 14,281 | PDF p. 46 |
| Due from related companies (trade)USD thousand | 9,921 | 11,540 | 9,605 | 10,557 | PDF p. 46 |
| Due from related companies (non-trade)USD thousand | 156 | – | 156 | – | PDF p. 46 |
| Due from non-controlling interest of a subsidiary (trade)USD thousand | 77 | 381 | – | – | PDF p. 46 |
| Lease receivablesUSD thousand | 437 | 335 | 437 | 335 | PDF p. 46 |
| InventoriesUSD thousand | 2,906 | 2,279 | 1,173 | 1,083 | PDF p. 46 |
| Total current assetsUSD thousand | 493,600 | 502,316 | 482,717 | 446,265 | PDF p. 46 |
| Total assetsUSD thousand | 1,071,723 | 958,398 | 902,935 | 776,972 | PDF p. 46 |
Original report: PDF p. 46 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Statements of Financial Position — liabilities and equity | |||||
| Current liabilities Bank term loans and borrowingsUSD thousand | 16,359 | 16,062 | 832 | 787 | PDF p. 47 |
| Trade payablesUSD thousand | 27,565 | 24,305 | 20,889 | 16,267 | PDF p. 47 |
| Other payables and liabilitiesUSD thousand | 63,836 | 55,529 | 44,970 | 38,202 | PDF p. 47 |
| Due to a subsidiary (trade)USD thousand | – | – | 317 | 749 | PDF p. 47 |
| Due to subsidiaries (non-trade)USD thousand | – | – | 2,910 | 2,774 | PDF p. 47 |
| Due to related companies (trade)USD thousand | 117 | 371 | – | 8 | PDF p. 47 |
| Due to non-controlling interests of subsidiaries (non-trade)USD thousand | 59 | 54 | – | – | PDF p. 47 |
| Lease liabilitiesUSD thousand | 85,068 | 31,730 | 83,103 | 29,362 | PDF p. 47 |
| Income tax payableUSD thousand | 4,347 | 3,423 | 2,923 | 2,847 | PDF p. 47 |
| Total current liabilitiesUSD thousand | 197,351 | 131,474 | 155,944 | 90,996 | PDF p. 47 |
| Non-current liabilities Bank term loans and borrowingsUSD thousand | 90,982 | 106,669 | 8,485 | 8,799 | PDF p. 47 |
| Lease liabilitiesUSD thousand | 145,048 | 122,301 | 139,117 | 115,232 | PDF p. 47 |
| Retirement benefit obligationsUSD thousand | 508 | 518 | – | – | PDF p. 47 |
| Deferred tax liabilitiesUSD thousand | – | 8 | – | – | PDF p. 47 |
| Due to non-controlling interests of subsidiaries (non-trade)USD thousand | 360 | 327 | – | – | PDF p. 47 |
| Total non-current liabilitiesUSD thousand | 236,898 | 229,823 | 147,602 | 124,031 | PDF p. 47 |
| Net current assetsUSD thousand | 296,249 | 370,842 | 326,773 | 355,269 | PDF p. 47 |
| Net assetsUSD thousand | 637,474 | 597,101 | 599,389 | 561,945 | PDF p. 47 |
| Share capitalUSD thousand | 68,761 | 68,761 | 68,761 | 68,761 | PDF p. 47 |
| Treasury sharesUSD thousand | (174) | (174) | (174) | (174) | PDF p. 47 |
| Retained earningsUSD thousand | 558,362 | 515,905 | 530,802 | 493,358 | PDF p. 47 |
| Other reservesUSD thousand | (795) | 85 | – | – | PDF p. 47 |
| Foreign currency translation reserveUSD thousand | (2,489) | (1,848) | – | – | PDF p. 47 |
| Equity attributable to owners of the CompanyUSD thousand | 623,665 | 582,729 | 599,389 | 561,945 | PDF p. 47 |
| Non-controlling interestsUSD thousand | 13,809 | 14,372 | – | – | PDF p. 47 |
| Total equityUSD thousand | 637,474 | 597,101 | 599,389 | 561,945 | PDF p. 47 |
| Total liabilities and equityUSD thousand | 1,071,723 | 958,398 | 902,935 | 776,972 | PDF p. 47 |
Original report: PDF p. 47 ↗
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| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Consolidated Cash Flows — operating activities | |||
| Operating activities Profit before taxUSD thousand | 80,433 | 75,000 | PDF p. 51 |
| Adjustments for: Depreciation of property, plant and equipmentUSD thousand | 21,324 | 14,168 | PDF p. 51 |
| Depreciation of right-of-use assetsUSD thousand | 57,479 | 40,994 | PDF p. 51 |
| Amortisation of intangible assetsUSD thousand | 650 | 556 | PDF p. 51 |
| Gain on disposal of property, plant and equipment, netUSD thousand | (1,077) | (1,822) | PDF p. 51 |
| Gain on early extinguishment of lease contractsUSD thousand | (1) | (2) | PDF p. 51 |
| Allowance for impairment on receivables, netUSD thousand | 539 | 686 | PDF p. 51 |
| Impairment loss on right-of-use assetsUSD thousand | 46 | 285 | PDF p. 51 |
| Finance costsUSD thousand | 18,091 | 14,929 | PDF p. 51 |
| Finance incomeUSD thousand | (13,185) | (15,341) | PDF p. 51 |
| Share of results of joint ventureUSD thousand | (4,323) | 7,813 | PDF p. 51 |
| Property, plant and equipment written offUSD thousand | 11 | 78 | PDF p. 51 |
| Gain on derecognition of right-of-use assets in connection with subleaseUSD thousand | (104) | – | PDF p. 51 |
| Net foreign exchange loss/(gain)USD thousand | 864 | (172) | PDF p. 51 |
| Operating cash flows before movements in working capitalUSD thousand | 160,747 | 137,172 | PDF p. 51 |
| Trade receivablesUSD thousand | (18,344) | (8,503) | PDF p. 51 |
| Other receivables and depositsUSD thousand | 815 | (644) | PDF p. 51 |
| Prepaid operating expensesUSD thousand | 366 | (2,361) | PDF p. 51 |
| Due from immediate holding companyUSD thousand | 239 | (30) | PDF p. 51 |
| Due from related companiesUSD thousand | 1,454 | 195 | PDF p. 51 |
| Due from non-controlling interest of a subsidiaryUSD thousand | 304 | 587 | PDF p. 51 |
| InventoriesUSD thousand | (627) | (942) | PDF p. 51 |
| Trade payablesUSD thousand | 3,260 | 280 | PDF p. 51 |
| Other payables and liabilitiesUSD thousand | 8,295 | (7,208) | PDF p. 51 |
| Due to related companiesUSD thousand | (254) | (44) | PDF p. 51 |
| Cash generated from operationsUSD thousand | 156,255 | 118,502 | PDF p. 51 |
| Interest paidUSD thousand | (18,091) | (14,929) | PDF p. 51 |
| Income tax paidUSD thousand | (2,919) | (3,400) | PDF p. 51 |
| Net cash generated from operating activitiesUSD thousand | 135,245 | 100,173 | PDF p. 51 |
Original report: PDF p. 51 ↗
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| Metric / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Consolidated Cash Flows — investing, financing and cash reconciliation | |||
| Investing activities Interest income receivedUSD thousand | 13,185 | 15,341 | PDF p. 52 |
| Proceeds from disposal of property, plant and equipmentUSD thousand | 1,113 | 1,824 | PDF p. 52 |
| Purchase of property, plant and equipment (Note 12(d))USD thousand | (61,057) | (72,977) | PDF p. 52 |
| Purchase of intangible assets (Note 13)USD thousand | (427) | (907) | PDF p. 52 |
| Subscription of convertible notesUSD thousand | (5,628) | – | PDF p. 52 |
| Net cash used in investing activitiesUSD thousand | (52,814) | (56,719) | PDF p. 52 |
| Financing activities Repayment of principal portion of lease liabilitiesUSD thousand | (55,960) | (42,622) | PDF p. 52 |
| Proceeds from lease receivablesUSD thousand | 382 | 291 | PDF p. 52 |
| Proceeds from bank term loansUSD thousand | – | 66,245 | PDF p. 52 |
| Repayment of bank term loansUSD thousand | (15,903) | (10,813) | PDF p. 52 |
| Dividends paidUSD thousand | (34,233) | (39,624) | PDF p. 52 |
| Increase in pledged depositsUSD thousand | (55) | (51) | PDF p. 52 |
| Dividends paid to non-controlling shareholders of subsidiariesUSD thousand | (427) | (630) | PDF p. 52 |
| Net cash used in financing activitiesUSD thousand | (106,196) | (27,204) | PDF p. 52 |
| Net (decrease) increase in cash and cash equivalentsUSD thousand | (23,765) | 16,250 | PDF p. 52 |
| Cash and cash equivalents at beginning of the yearUSD thousand | 373,036 | 357,269 | PDF p. 52 |
| Effects of exchange rate changes on the balance of cash held in foreign currenciesUSD thousand | (641) | (483) | PDF p. 52 |
| Cash and cash equivalents at end of the year (Note 17)USD thousand | 348,630 | 373,036 | PDF p. 52 |
Original report: PDF p. 52 ↗
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| Metric / unit | 2025GroupShare capital | 2025GroupTreasury shares | 2025GroupOther reserves | 2025GroupForeign currency translation reserve | 2025GroupRetained earnings | 2025GroupEquity attributable to owners of the Company | 2025GroupNon-controlling interests | 2025GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Statements of Changes in Equity — Group FY2025 | |||||||||
| At 1 January 2025USD thousand | 68,761 | (174) | 85 | (1,848) | 515,905 | 582,729 | 14,372 | 597,101 | PDF p. 48 |
| Total comprehensive income for the year: Profit for the yearUSD thousand | – | – | – | – | 76,700 | 76,700 | 132 | 76,832 | PDF p. 48 |
| Other comprehensive income for the yearUSD thousand | – | – | (890) | (641) | – | (1,531) | (268) | (1,799) | PDF p. 48 |
| TotalUSD thousand | – | – | (890) | (641) | 76,700 | 75,169 | (136) | 75,033 | PDF p. 48 |
| Transactions with owners, recognised directly in equity: Transfer to mandatory reserves fundUSD thousand | – | – | 10 | – | (10) | – | – | – | PDF p. 48 |
| Dividends paid by subsidiaries to NCIUSD thousand | – | – | – | – | – | – | (427) | (427) | PDF p. 48 |
| Dividends paid (Note 32)USD thousand | – | – | – | – | (34,233) | (34,233) | – | (34,233) | PDF p. 48 |
| TotalUSD thousand | – | – | 10 | – | (34,243) | (34,233) | (427) | (34,660) | PDF p. 48 |
| At 31 December 2025USD thousand | 68,761 | (174) | (795) | (2,489) | 558,362 | 623,665 | 13,809 | 637,474 | PDF p. 48 |
Original report: PDF p. 48 ↗
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| Metric / unit | 2024GroupShare capital | 2024GroupTreasury shares | 2024GroupOther reserves | 2024GroupForeign currency translation reserve | 2024GroupRetained earnings | 2024GroupEquity attributable to owners of the Company | 2024GroupNon-controlling interests | 2024GroupTotal equity | Source |
|---|---|---|---|---|---|---|---|---|---|
| Statements of Changes in Equity — Group FY2024 | |||||||||
| At 1 January 2024USD thousand | 68,761 | (174) | 642 | (1,365) | 484,688 | 552,552 | 14,908 | 567,460 | PDF p. 49 |
| Total comprehensive income for the year: Profit for the yearUSD thousand | – | – | – | – | 70,849 | 70,849 | 358 | 71,207 | PDF p. 49 |
| Other comprehensive income for the yearUSD thousand | – | – | (565) | (483) | – | (1,048) | (264) | (1,312) | PDF p. 49 |
| TotalUSD thousand | – | – | (565) | (483) | 70,849 | 69,801 | 94 | 69,895 | PDF p. 49 |
| Transactions with owners, recognised directly in equity: Transfer to mandatory reserves fundUSD thousand | – | – | 8 | – | (8) | – | – | – | PDF p. 49 |
| Dividends paid by subsidiaries to NCIUSD thousand | – | – | – | – | – | – | (630) | (630) | PDF p. 49 |
| Dividends paid (Note 32)USD thousand | – | – | – | – | (39,624) | (39,624) | – | (39,624) | PDF p. 49 |
| TotalUSD thousand | – | – | 8 | – | (39,632) | (39,624) | (630) | (40,254) | PDF p. 49 |
| At 31 December 2024USD thousand | 68,761 | (174) | 85 | (1,848) | 515,905 | 582,729 | 14,372 | 597,101 | PDF p. 49 |
Original report: PDF p. 49 ↗
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| Metric / unit | 2025CompanyShare capital | 2025CompanyTreasury shares | 2025CompanyRetained earnings | 2025CompanyTotal equity | Source |
|---|---|---|---|---|---|
| Statements of Changes in Equity — Company FY2025 | |||||
| At 1 January 2025USD thousand | 68,761 | (174) | 493,358 | 561,945 | PDF p. 50 |
| Profit for the year, representing total comprehensive income for the yearUSD thousand | – | – | 71,677 | 71,677 | PDF p. 50 |
| Transactions with owners, recognised directly in equity: Dividends paid (Note 32)USD thousand | – | – | (34,233) | (34,233) | PDF p. 50 |
| At 31 December 2025USD thousand | 68,761 | (174) | 530,802 | 599,389 | PDF p. 50 |
Original report: PDF p. 50 ↗
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024CompanyShare capital | 2024CompanyTreasury shares | 2024CompanyRetained earnings | 2024CompanyTotal equity | Source |
|---|---|---|---|---|---|
| Statements of Changes in Equity — Company FY2024 | |||||
| At 1 January 2024USD thousand | 68,761 | (174) | 457,022 | 525,609 | PDF p. 50 |
| Profit for the year, representing total comprehensive income for the yearUSD thousand | – | – | 75,960 | 75,960 | PDF p. 50 |
| Transactions with owners, recognised directly in equity: Dividends paid (Note 32)USD thousand | – | – | (39,624) | (39,624) | PDF p. 50 |
| At 31 December 2024USD thousand | 68,761 | (174) | 493,358 | 561,945 | PDF p. 50 |
Original report: PDF p. 50 ↗
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| Metric / unit | 2021Group | 2022Group | 2023Group | 2024Group | 2025Group | Source |
|---|---|---|---|---|---|---|
| Five-year financial highlights | ||||||
| TurnoverUSD million | 527.0 | 990.6 | 582.9 | 532.0 | 605.7 | PDF p. 62 |
| Profit before taxUSD million | 130.6 | 325.7 | 105.0 | 75.0 | 80.4 | PDF p. 62 |
| Profit attributable to ownersUSD million | 128.6 | 322.0 | 101.2 | 70.8 | 76.7 | PDF p. 62 |
| Total assetsUSD million | 571.5 | 888.3 | 910.2 | 958.4 | 1071.7 | PDF p. 62 |
| Return on equity% | 40 | 58 | 18 | 12 | 12 | PDF p. 62 |
| Basic and diluted earnings per shareUS cents | 23.90 | 59.85 | 18.82 | 13.17 | 14.26 | PDF p. 63 |
| Net asset value per shareUS cents | 59.20 | 104.06 | 102.70 | 108.31 | 115.91 | PDF p. 63 |
| Interim dividend per shareSGD cents | 0.50 | 7.00 | 2.00 | 1.00 | 1.50 | PDF p. 63 |
| Special dividend per share — FY2025 proposedSGD cents | 12.75 | 24.25 | 8.00 | 5.80 | 4.40 | PDF p. 63 |
| Final dividend per share — FY2025 proposedSGD cents | 0.75 | 0.75 | 1.00 | 1.00 | 2.15 | PDF p. 63 |
| Dividend payout ratio% | 43 | 40 | 44 | 44 | 44 | PDF p. 63 |
| Gearing ratio — debt includes bank loans and lease liabilitiesTimes | 0.50 | 0.34 | 0.45 | 0.47 | 0.54 | PDF p. 63 |
Original report: PDF p. 62 ↗ PDF p. 63 ↗
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| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Cash and bank balances | |||||
| Call and fixed depositsUSD thousand | 294,457 | 319,240 | 259,510 | 282,792 | PDF p. 91 |
| Cash at bank and on handUSD thousand | 55,725 | 55,293 | 41,776 | 39,248 | PDF p. 91 |
| Total cash and bank balancesUSD thousand | 350,182 | 374,533 | 301,286 | 322,040 | PDF p. 91 |
Original report: PDF p. 91 ↗
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| Metric / unit | 2025Group | 2024Group | 2025Company | 2024Company | Source |
|---|---|---|---|---|---|
| Cash equivalents — pledged deposit reconciliation | |||||
| Cash and bank balancesUSD thousand | 350,182 | 374,533 | 301,286 | 322,040 | PDF p. 92 |
| Less: pledged depositsUSD thousand | (1,552) | (1,497) | (1,464) | (1,415) | PDF p. 92 |
| Cash and cash equivalentsUSD thousand | 348,630 | 373,036 | 299,822 | 320,625 | PDF p. 92 |
Original report: PDF p. 92 ↗
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| Metric / unit | 2025Group and Company | 2024Group and Company | Source |
|---|---|---|---|
| Dividends — paid and proposed amounts | |||
| Interim dividend paid for current financial yearUSD thousand | 6,233 | 4,015 | PDF p. 108 |
| Special dividend paid for previous financial yearUSD thousand | 23,882 | 31,653 | PDF p. 108 |
| Final dividend paid for previous financial yearUSD thousand | 4,118 | 3,956 | PDF p. 108 |
| Proposed special dividend — not recognised as liabilityUSD thousand | 18,439 | 23,008 | PDF p. 108 |
| Proposed final dividend — not recognised as liabilityUSD thousand | 9,010 | 3,967 | PDF p. 108 |
Original report: PDF p. 108 ↗
Where the money comes from
| Item / unit | 2025Container Shipping | 2025Bulk and Tanker | 2025Logistics | 2025Eliminations | 2025Group | 2024Container Shipping | 2024Bulk and Tanker | 2024Logistics | 2024Eliminations | 2024Group | Source |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||
| Revenue: – External customersUS$’000 | 556,219 | 30,939 | 18,500 | – | 605,658 | 489,621 | 26,076 | 16,311 | – | 532,008 | PDF p. 112PDF p. 113 |
| Revenue: – Inter-segmentUS$’000 | 90 | – | 73 | (163) | – | 80 | – | 55 | (135) | – | PDF p. 112PDF p. 113 |
| Revenue (total)US$’000 | 556,309 | 30,939 | 18,573 | (163) | 605,658 | 489,701 | 26,076 | 16,366 | (135) | 532,008 | PDF p. 112PDF p. 113 |
| Results | |||||||||||
| Segment resultsUS$’000 | 84,649 | (3,529) | 1,058 | (1,162) | 81,016 | 80,545 | 1,420 | 933 | (497) | 82,401 | PDF p. 112PDF p. 113 |
| Finance incomeUS$’000 | 12,680 | 868 | 61 | (424) | 13,185 | 14,566 | 1,217 | 39 | (481) | 15,341 | PDF p. 112PDF p. 113 |
| Finance costsUS$’000 | (15,738) | (2,427) | (350) | 424 | (18,091) | (12,980) | (1,995) | (435) | 481 | (14,929) | PDF p. 112PDF p. 113 |
| Share of results of joint ventureUS$’000 | – | 4,323 | – | – | 4,323 | – | (7,813) | – | – | (7,813) | PDF p. 112PDF p. 113 |
| Profit (loss) before taxUS$’000 | 81,591 | (765) | 769 | (1,162) | 80,433 | 82,131 | (7,171) | 537 | (497) | 75,000 | PDF p. 112PDF p. 113 |
| Assets | |||||||||||
| Segment assetsUS$’000 | 928,737 | 103,615 | 38,920 | – | 1,071,272 | 801,240 | 117,889 | 38,898 | – | 958,027 | PDF p. 112PDF p. 113 |
| Liabilities | |||||||||||
| Segment liabilitiesUS$’000 | (379,051) | (35,896) | (14,955) | – | (429,902) | (299,585) | (45,163) | (13,118) | – | (357,866) | PDF p. 112PDF p. 113 |
| Other segment information | |||||||||||
| Capital expenditureUS$’000 | 55,917 | 5,148 | 441 | – | 61,506 | 49,604 | 23,751 | 529 | – | 73,884 | PDF p. 112PDF p. 113 |
| Depreciation of property, plant and equipmentUS$’000 | 8,893 | 11,095 | 1,336 | – | 21,324 | 6,818 | 5,824 | 1,526 | – | 14,168 | PDF p. 112PDF p. 113 |
| Depreciation of right-of-use assetsUS$’000 | 56,214 | – | 1,265 | – | 57,479 | 39,737 | – | 1,257 | – | 40,994 | PDF p. 112PDF p. 113 |
| Impairment of right-of-use assetsUS$’000 | 46 | – | – | – | 46 | 285 | – | – | – | 285 | PDF p. 112PDF p. 113 |
| Amortisation of intangible assetsUS$’000 | 577 | – | 73 | – | 650 | 480 | – | 76 | – | 556 | PDF p. 112PDF p. 113 |
| Allowance/(write back) for impairment on receivables, netUS$’000 | 550 | – | (11) | – | 539 | 709 | – | (23) | – | 686 | PDF p. 112PDF p. 113 |
All amounts in US$’000. Rows with a single value (income tax, profit after tax, unallocated items) are printed only in the Group column; other cells are blank and given as empty strings.
Allocation basis: Segment results, assets and liabilities include items directly attributable to a segment as well as those that can be allocated on a reasonable basis. Unallocated items comprise income tax. Segment revenue, expenses and results include transfers between business segments. These transfers are eliminated on consolidation.
Segment liabilities are printed in parentheses.
All amounts in US$’000. Rows with a single value are printed only in the Group column; other cells blank (empty strings).
Allocation basis: Segment results, assets and liabilities include items directly attributable to a segment as well as those that can be allocated on a reasonable basis. Unallocated items comprise income tax. Transfers between segments are eliminated on consolidation.
| Item / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Other information | |||
| Customer AUS$’000 | 229,525 | 203,932 | PDF p. 114 |
The Group has one customer in 2025 (2024: one) that contributes greater than 10% of the total revenue of the Group.
| Item / unit | 2025Group | 2024Group | Source |
|---|---|---|---|
| Geographical revenue | |||
| IndonesiaUS$’000 | 171,262 | 162,806 | PDF p. 114 |
| South East Asia (excluding Indonesia)US$’000 | 229,498 | 201,228 | PDF p. 114 |
| Middle East and Indian Sub-continentUS$’000 | 136,717 | 131,586 | PDF p. 114 |
| Far EastUS$’000 | 11,336 | 7,418 | PDF p. 114 |
| Others*US$’000 | 25,906 | 2,894 | PDF p. 114 |
| Total revenue for Container Shipping and LogisticsUS$’000 | 574,719 | 505,932 | PDF p. 114 |
*Includes charter revenue of US$23,306,000 for FY2025 (FY2024: US$594,000) that cannot be practically allocated to the different geographical areas as charterers of the Group’s vessels have the discretion to operate within a wide area and are not constrained by a specific sea route.
(i) Revenue is allocated to each geographical segment based on the destination of the service routes. The directors believe it is not meaningful to analyse assets and capital expenditure by geographical segment because these cannot be allocated to the different routes as the vessels do not operate on fixed routes.
(ii) During the financial year, the Group revised its approach to analysing and presenting revenue data by geographical segments. Comparative figures have been reclassified to conform to the current year’s presentation.
For Bulk and Tanker, no geographical segment information is presented.
Debt
| Item / unit | 2025Group, US$'000 | 2024Group, US$'000 | 2025Company, US$'000 | 2024Company, US$'000 | Source |
|---|---|---|---|---|---|
| Current - secured at amortised cost; Amounts due not later than one year | |||||
| Bank term loansUS$'000 | 16,359 | 16,062 | 832 | 787 | PDF p. 95 |
| Non-current - secured at amortised cost; Later than one year but not later than five years | |||||
| Bank term loansUS$'000 | 51,595 | 54,747 | 4,416 | 3,149 | PDF p. 95 |
| Non-current - secured at amortised cost; Later than five years | |||||
| Bank term loansUS$'000 | 39,387 | 51,922 | 4,069 | 5,650 | PDF p. 95 |
| Total bank term loans and borrowings | |||||
| TotalUS$'000 | 107,341 | 122,731 | 9,317 | 9,586 | PDF p. 95 |
All bank term loans are classified as secured at amortised cost; no unsecured borrowings are presented in this note.
Printed subtotal of non-current (unlabelled row) is 90,982 / 106,669 / 8,485 / 8,799.
Secured by legal mortgages over properties/vessels/land, corporate guarantees from the Company, assignment of insurance and income.
The weighted average effective interest rate for variable interest rate term loans is 5.39% (2024: 6.53%) per annum.
Company loans are in SGD at margin above SORA; subsidiary loans mainly USD at margin above SOFR, plus IDR (Prime Lending Rate) and MYR (Cost of Fund).
Company has unutilised revolving credit facility of SGD5,000,000; a subsidiary has unutilised demand loan of IDR10,000,000,000.
| Item / unit | 2025Group, US$'000 | 2024Group, US$'000 | 2025Company, US$'000 | 2024Company, US$'000 | Source |
|---|---|---|---|---|---|
| Current liabilities | |||||
| Bank term loans and borrowingsUS$'000 | 16,359 | 16,062 | 832 | 787 | PDF p. 47 |
| Lease liabilitiesUS$'000 | 85,068 | 31,730 | 83,103 | 29,362 | PDF p. 47 |
| Non-current liabilities | |||||
| Bank term loans and borrowingsUS$'000 | 90,982 | 106,669 | 8,485 | 8,799 | PDF p. 47 |
| Lease liabilitiesUS$'000 | 145,048 | 122,301 | 139,117 | 115,232 | PDF p. 47 |
Note reference column (22, 25) omitted from values.
| Item / unit | 2025Effective interest rate % p.a. | 2025On demand or within 1 year, US$'000 | 2025Within 2 to 5 years, US$'000 | 2025After 5 years, US$'000 | 2025Adjustment, US$'000 | 2025Total, US$'000 | Source |
|---|---|---|---|---|---|---|---|
| Fixed interest rate instruments | |||||||
| Due to NCI of subsidiariesUS$'000 (rate in % p.a.) | 3.50 | 59 | 360 | – | – | 419 | PDF p. 126 |
| Variable interest rate instruments | |||||||
| Bank term loansUS$'000 (rate in % p.a.) | 5.39 | 21,771 | 64,381 | 45,141 | (23,952) | 107,341 | PDF p. 126 |
Undiscounted contractual cash flows; the Adjustment column reconciles to carrying amount.
| Item / unit | 2024Effective interest rate % p.a. | 2024On demand or within 1 year, US$'000 | 2024Within 2 to 5 years, US$'000 | 2024After 5 years, US$'000 | 2024Adjustment, US$'000 | 2024Total, US$'000 | Source |
|---|---|---|---|---|---|---|---|
| Fixed interest rate instruments | |||||||
| Due to NCI of subsidiariesUS$'000 (rate in % p.a.) | 3.50 | 54 | 327 | – | – | 381 | PDF p. 127 |
| Variable interest rate instruments | |||||||
| Bank term loansUS$'000 (rate in % p.a.) | 6.53 | 23,488 | 77,637 | 59,666 | (38,060) | 122,731 | PDF p. 127 |
Undiscounted contractual cash flows; the Adjustment column reconciles to carrying amount.
| Item / unit | 2025Effective interest rate % p.a. | 2025On demand or within 1 year, US$'000 | 2025Within 2 to 5 years, US$'000 | 2025After 5 years, US$'000 | 2025Adjustment, US$'000 | 2025Total, US$'000 | Source |
|---|---|---|---|---|---|---|---|
| Variable interest rate instruments | |||||||
| Bank term loansUS$'000 (rate in % p.a.) | 2.78 | 1,083 | 4,075 | 5,441 | (1,282) | 9,317 | PDF p. 128 |
Undiscounted contractual cash flows; the Adjustment column reconciles to carrying amount.
| Item / unit | 2024Effective interest rate % p.a. | 2024On demand or within 1 year, US$'000 | 2024Within 2 to 5 years, US$'000 | 2024After 5 years, US$'000 | 2024Adjustment, US$'000 | 2024Total, US$'000 | Source |
|---|---|---|---|---|---|---|---|
| Variable interest rate instruments | |||||||
| Bank term loansUS$'000 (rate in % p.a.) | 4.47 | 1,203 | 4,611 | 6,156 | (2,384) | 9,586 | PDF p. 129 |
Undiscounted contractual cash flows; the Adjustment column reconciles to carrying amount.
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend Policy | The Company will endeavour to maintain a dividend payout ratio of minimum 20% of its net profit attributable to shareholders. | Company | PDF p. 30 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividend Policy | the Company’s historical average payout ratio has been around 40% over the past 10 years | Company, historical average over past 10 years | PDF p. 30 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Interim dividend paid | 1.50 Singapore cents per ordinary share | Group and Company, FY2025 interim, declared and paid in 2025, tax exempt | PDF p. 108 |
| Interim dividend paid | 1.00 Singapore cents per ordinary share | Group and Company, FY2024 interim (comparative), tax exempt | PDF p. 108 |
| Special tax exempt dividend for financial year ended 31 December 2025 | 4.40 Singapore cents per share | Group and Company, FY2025 proposed special dividend, one-tier tax exempt, subject to AGM approval | PDF p. 140 |
| Special tax exempt dividend for financial year ended 31 December 2024 | 5.80 Singapore cents per share | Group and Company, FY2024 special dividend (comparative), tax exempt, paid in 2025 | PDF p. 108 |
| Final one-tier tax exempt dividend for financial year ended 31 December 2025 | 2.15 Singapore cents per share | Group and Company, FY2025 proposed final dividend, one-tier tax exempt, subject to AGM approval | PDF p. 140 |
| Final one-tier tax exempt dividend for financial year ended 31 December 2024 | 1.00 Singapore cents per share | Group and Company, FY2024 final dividend (comparative), one-tier tax exempt, paid in 2025 | PDF p. 108 |
| Record Date | Friday, 8 May 2026 at 5.00 p.m. | Proposed FY2025 special and final dividends · As at 2026-05-08 | PDF p. 140 |
| Payment date | Wednesday, 20 May 2026 | Proposed FY2025 special and final dividends, if approved · As at 2026-05-20 | PDF p. 140 |
Extracted from Samudera Shipping Line Ltd Annual Report 2025 and checked against the cited pages; see the original report for full context.
Auditor’s report
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Auditor | Ernst & Young LLP | Group | PDF p. 43 |
| Engagement partner | Philip Ling Soon Hwa | Group | PDF p. 43 |
| Opinion | true and fair view | Group and Company | PDF p. 40 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Impairment assessment of vessels | The assessment for impairment and the recoverable value is considered a key audit matter as management exercises significant judgement in making assumptions and estimates in the preparation of the discounted cash flow forecasts. | Group | PDF p. 40 |
Extracted from Samudera Shipping Line Ltd Annual Report 2025 and checked against the cited pages; see the original report for full context.
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow Samudera Shipping Line Ltd Annual Report 2025, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
Financial statements are USD thousand; financial highlights are USD million, EPS and NAV are US cents, and dividends per share are SGD cents. Historical figures cover FY2021–FY2025. FY2025 special dividend 4.40 SGD cents and final dividend 2.15 SGD cents are proposed, subject to shareholder approval, and are not recognised as liabilities. Dividends paid during a financial year may relate to the previous financial year. Gearing is bank loans plus lease liabilities divided by equity attributable to owners, excluding non-controlling interests.
EPS uses 538,038,199 weighted average shares in both FY2025 and FY2024. Cash equivalents exclude pledged deposits. The FY2025 paid special dividend of 5.80 SGD cents and paid final dividend of 1.00 SGD cent relate to FY2024; the FY2025 proposed special and final dividends are 4.40 and 2.15 SGD cents. Note 32 proposed amounts are USD thousand; stated SGD payable amounts are SGD23,674,000 and SGD11,568,000 respectively.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.