Himalaya Shipping Full Year 2024 Earnings: Misses Expectations

Simply Wall St

March 28, 2025

Himalaya Shipping (OB:HSHP) Full Year 2024 Results

Key Financial Results

Revenue: US$123.6m (up 236% from FY 2023).
Net income: US$21.0m (up by US$19.5m from FY 2023).
Profit margin: 17% (up from 4.1% in FY 2023). The increase in margin was driven by higher revenue.
EPS: US$0.48 (up from US$0.039 in FY 2023).

revenue-and-expenses-breakdown — OB:HSHP Revenue and Expenses Breakdown March 28th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Himalaya Shipping Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 1.9%. Earnings per share (EPS) also missed analyst estimates by 15%.

In the last 12 months, the only revenue segment was Transportation - Shipping contributing US$123.6m. The most substantial expense, totaling US$45.6m were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how HSHP's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 2.1% decline forecast for the Shipping industry in Norway.

Performance of the Norwegian Shipping industry.

The company's shares are down 4.6% from a week ago.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Himalaya Shipping you should know about.

Valuation is complex, but we're here to simplify it.

Discover if Himalaya Shipping might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.