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Jinhui Shipping and Transportation Limited Q2 and First Half 2026 Financial Results Quarterly Presentation | 27 August 2026
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Disclaimer This presentation may contain forward looking statements. These statements are based upon various assumptions, many of which are based, in turn, upon further assumptions, including the Company’ management's examination of historical operating trends. Although the Company believes that these assumptions were reasonable when made, because assumptions are inherently subject to significant uncertainties which are difficult or impossible to predict and are beyond its control, the Company cannot give assurance that it will achieve or accomplish these expectations, beliefs or targets. Key risk factors that could cause actual results to differ materially from those discussed in this presentation will include but not limited to the way world economies, currencies and interest rate environment may evolve going forward, general market conditions including fluctuations in charter rates and vessel values, financial market conditions including fluctuations in marketable securities value, counterparty risk, changes in demand in the dry bulk market, changes in operating expenses including bunker prices, crewing costs, drydocking and insurance costs, availability of financing and refinancing, inability to obtain restructuring or rescheduling of indebtedness from lenders in liquidity trough, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents, piracy or political events, and other important factors described from time to time in the reports filed by the Company. 1
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Highlights Current quarter performance | Q2 2026 • Revenue for the quarter: US$36 million • EBITDA for the quarter: US$17 million • Net profit for the quarter: US$5 million • Basic earnings per share: US$0.048 • Revenue for the period: US$69 million • EBITDA for the period: US$34 million • Net profit for the period: US$10 million • Basic earnings per share: US$0.088 • Gearing ratio as of 30 June 2026: 7% 2Q 2026 1H 2026 2
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Q2 2026 Highlights Key performance indicators for the quarter ended 30 June 2026 US$36.5M Revenue - 9% QoQ EBITDA margin resilient at 19.5% despite freight rate pressure from industry overcapacity 0 10 20 30 40 50 Q2 2026 Q2 2025 US$5.3M Net Profit + 374% QoQ -4 -2 0 2 4 6 Q2 2026 Q2 2025 US$18,015 Average Daily TCE + 30% QoQ 0 5,000 10,000 15,000 20,000 Q2 2026 Q2 2025 US$M US$M US$ 3
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1H 2026 Highlights Key performance indicators for the six months ended 30 June 2026 US$69.3M Revenue - 13% HoH EBITDA margin resilient at 19.5% despite freight rate pressure from industry overcapacity 0 20 40 60 80 100 1H 2026 1H 2025 US$9.6M Net Profit - 37% HoH 0 5 10 15 20 1H 2026 1H 2025 US$17,150 Average Daily TCE + 30% HoH 0 5,000 10,000 15,000 20,000 1H 2026 1H 2025 US$M US$M US$ 4
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Q2 and 1H 2026 Highlights The Group reported consolidated net profit of US$5.3 million for the current quarter while chartering revenue declined by 9% to US$36.5 million comparing with Q2 2025. Revenue for the first half of 2026 decreased 13% to US$69.3 million while consolidated net profit decreased to US$9.6 million for the first half year of 2026. The drop in revenue during the period was primarily due to a reduction in number of vessels in operation, following the disposal of eight Supramaxes last year. Average TCE for the Group’s fleet improved about 30% during Q2 2026 compared to Q2 2025. The Group capitalized on these market dynamics, driving up its average daily time charter equivalent rate, which effectively cushioned the revenue impact of a reduced fleet capacity. Shipping-related expenses fell by US$7.96 million to US$14.9 million this quarter, primarily due to the decrease in the number of vessels owned by the Group following the disposal of eight vessels last year, as well as a decline in hire payments resulting for short-term chartered-in leases amounted to US$1.3 million during the quarter, compared to US$2.2 million in same period of last year. 5
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Q2 and 1H 2026 Highlights Daily running costs of owned vessels decreased from Q2 2025 of US$6,719 to Q2 2026 of US$5,407, representing a decrease of 20%. Finance cost decreased from US$2.1 million for the Q2 2025 to US$1.8 million for the Q2 2026, primarily attributable to the lower market interest rates and lower level of bank and other borrowings. CAPEX of US$11.8 million incurred for the current quarter, mainly for installments paid for newbuildings and dry-docking costs. During the current quarter, the Group repaid bank loan and other borrowings in aggregated amount of approximately US$10 million. As of 30 June 2026, total secured borrowings decreased to US$98 million, with current portion of US$9 million and non-current portion of US$89 million. 6
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Financial Highlights For the quarter ended and six months ended 30 June 2026 US$’000US$’000 US$’000 Q2 2026 (Unaudited) Q2 2025 (Unaudited) 1H 2026 (Unaudited) 1H 2025 (Unaudited) 2025 (Audited) Revenue 36,460 40,242 69,252 79,546 157,489 Net loss on disposal of owned vessels - (2,436) - (2,436) (9,209) EBITDA 16,817 14,961 33,731 49,910 79,095 Operating profit 7,080 210 13,320 19,876 21,538 Finance costs (1,811) (2,135) (3,727) (4,727) (8,994) Net profit (loss) for the periods / year 5,269 (1,925) 9,593 15,149 12,544 Basic earnings (loss) per share US$0.048 US$(0.018) US$0.088 US$0.139 US$0.115 7
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Key Financial Ratios As at 30 June 2026 1. Current ratio is calculated based on current assets divided by current liabilities. 2. Net gearing is calculated on the basis of net debts (total interest-bearing debts net of equity and debt securities, bank balances and cash) over total equity. 3. Available liquidity included bank and cash balances, equity and debt securities as of reporting date. 4. Return on equity is calculated as net profit divided by average of opening balance and closing balance of total equity during the periods / year. 8 Q2 2026 (Unaudited) Q2 2025 (Unaudited) 2025 (Audited) Total assets (US$’000) 528,991 549,077 549,734 Total equity (US$’000) 383,612 382,854 380,269 Total borrowings (US$’000) 98,338 100,138 114,913 Current ratio 1 3.56:1 1.50:1 3.18:1 Net gearing 2 7% 15% 1% Available liquidity (US$’000) 3 70,623 42,998 110,924 Return on equity 4 1.37% -0.5% 3.34%
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Fleet Overview 20 Vessels Total Fleet Size @26.08.2026 1.62M dwt Total Capacity @26.08.2026 99% Fleet Utilization @30.06.2026 Fleet renewal strategy program • In March, two Ultramaxes were sold for US$23.5 million and US$24 million respectively. One was delivered in July 2026 and the other one will be delivered in Q3 2026 to the purchasers. • During Q1 2026, the Group entered into two Ultramax shipbuilding contracts at a consideration of US$34 million per vessel and both scheduled for deliveries in 2029. • In June, four Ultramax shipbuilding contracts were entered into at a consideration of approximately US$34 million per vessel, scheduled for deliveries in 2030. • The Group’s order book comprised of twelve Ultramax newbuildings, one to be delivered in 2026, one in 2027, four to be delivered in 2028, two to be delivered in 2029 and four to be delivered in 2030. • After the reporting date, the Group entered four sale and leaseback agreements for four newbuildings, total consideration was about US$70 million. 9
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Owned Vessels Operating: 17 owned vessels (2 under sales & leaseback arrangements & 1 assets held for sale) Total capacity: deadweight 1,265,000 metric tonnes Average age: 14.82 years Vessel DWT(MT) Year built Shipyard 1 JIN CHENG 181,279 2012 Imabari 2 JIN MEI 178,021 2008 Shanghai Waigaoqiao 3 JIN LI 81,567 2019 Jiangsu Hantong 4 JIN QUAN 61,441 2017 Dalian Cosco KHI 5 JIN HENG 63,518 2014 Jiangsu Hantong 6 JIN CHAO 63,469 2014 Jiangsu Hantong 7 JIN RUI 63,435 2014 Jiangsu Hantong 8 JIN XIANG 61,414 2012 Oshima 9 JIN BI 56,361 2012 Jiangsu Hantong Vessel DWT(MT) Year built Shipyard 10 JIN HONG 61,414 2011 Oshima 11 JIN YUE 56,934 2010 Shanghai Shipyard 12 JIN AO 56,920 2010 Shanghai Shipyard 13 JIN WAN 56,897 2009 Shanghai Shipyard 14 JIN AN 55,866 2007 Kawasaki 15 JIN XING 55,496 2007 Oshima 16 JIN YI 55,496 2007 Oshima 17 JIN YUAN 55,496 2007 Oshima Based on information up to 26 August 2026 10
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Ordered Vessels and Chartered-in Vessels * Chartered-in vessels with remaining lease term of more than twelve months as at 26 August 2026. Long Term Chartered-in Vessel Type DWT(MT) Year built 1 TAHO CIRCULAR* Panamax 84,484 2022 2 TRUE NEPTUNE* Capesize 207,672 2017 Ordered Vessels Vessel Type Builder DWT(MT) Expected delivery 1 JIN HAN Ultramax Jiangsu Hantong 63,500 2026 2 JIN MING Ultramax Jiangsu Hantong 63,500 2027 3 JIN FENG Ultramax Jiangmen Nanyang 64,500 2028 4 JIN FU Ultramax Jiangmen Nanyang 64,500 2028 5 JIN SHENG Ultramax Jiangmen Nanyang 64,500 2028 6 JIN YAO Ultramax Jiangmen Nanyang 64,500 2028 7 JIN LANG Ultramax New Dayang 64,100 2029 8 JIN YU Ultramax New Dayang 64,100 2029 9 JIN GANG Ultramax New Dayang 64,100 2030 10JIN JI Ultramax New Dayang 64,100 2030 11JIN SHUN Ultramax Jiangmen Nanyang 64,500 2030 12JIN TONG Ultramax Jiangmen Nanyang 64,500 2030 Total Ordered Capacity as at 26 August 2026 770,400 Based on information up to 26 August 2026 11
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Jinhui’s Fleet For the quarter ended 30 June 2026 3 4 18 38 38 36 36 36 19 24 23 25 18 17 Group Found Parent Jinhui Holdings listed on HK Stock Exchange 1st Order in China 8 Supramaxes Jinhui Shipping listed on Oslo Stock Exchange Carrying amount deadweight 2.19 million metric tonnes Fleet Renewal current carrying amount deadweight 1.27 million metric tonnes Number of vessels owned Based on information up to 26 August 2026 12
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Debt Maturity Profile Q2 2026 | in percentage 10% 68% 9% 13% 9% 62% 17% 12% 0% 10% 20% 30% 40% 50% 60% 70% 80% 1 Year 2 Year 3-5 Years +5 Years Q2 2026 2025 • Total debt included bank loan and other borrowings Total debts as of 30 June 2026: US$98M (2025: US$115 million) • Bank loans represented revolving loans and term loans which were secured by the Group’s motor vessels, land & buildings, investment properties and financial assets at fair value through profit or loss to secure credit facilities utilized by the Group. • Other borrowings represented additional working capital arisen from sales and leaseback arrangements entered into for two owned vessels. Based on information up to 30 June 2026 13
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Cargo Mix Analysis Q2 2026 Total Cargo Volume 2.86 Million tonnes (Q2 2025 3.23 mt) Q2 2025 Q2 2026 74% 9% 5% 2% 2% 1% 7% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% Q2 2026 Cargo Mix (%) * Including steaming coal and coking coal 14
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Distribution of Cargo Loading Ports Analysis Q2 2026 © Australian Bureau of Statistics, GeoNames, Microsoft, Navinfo, Open Places, OpenStreetMap, TomTom, Zenrin Powered by Bing North America 7% Africa 16% China 42% Asia excluding China 12% Australia 23% Chartering revenue expressed by loading ports 0 5 10 15 20 Q2 2026 Q2 2025 US$M 15
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Distribution of Cargo Discharging Ports Analysis Q2 2026 © Australian Bureau of Statistics, GeoNames, Microsoft, Navinfo, Open Places, OpenStreetMap, TomTom, Zenrin Powered by Bing South America 3% Africa 18% China 54% Asia excluding China 24% Chartering revenue expressed by discharging ports 0 5 10 15 20 25 Q2 2026 Q2 2025 US$M 16 Australia 1%
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TCE of Jinhui Fleet As at the reporting date, we have successfully covered 86% of our Capesize and 100% of Panamax vessel days for the rest of 2026, with an average rate of US$33,000 and US$20,000 per day respectively. For Ultramax / Supramax, 58% of vessel days was covered at average rate of US$15,000 per day for the rest of 2026. 17 Type Q2 2026 US$ Q2 2025 US$ 1H 2026 US$ 1H 2025 US$ 2025 US$ Capesize Fleet 31,595 19,300 31,010 21,203 21,025 Panamax Fleet 19,974 15,046 18,833 13,795 14,910 Ultramax / Supramax Fleet 15,364 13,158 14,531 12,674 13,246 In Average 18,015 13,860 17,150 13,538 14,182 Average Daily Time Charter Equivalent Rate (TCE)
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Daily Vessel Running Costs of Owned Vessels Q2 2026 • Daily vessel running cost is calculated as the aggregate of crew expenses, insurance, consumable stores, spare parts, repairs and maintenance and other vessels’ miscellaneous expenses divided by ownership days during the period / year. • Daily vessel depreciation is calculated as the aggregate of vessels’ depreciation divided by ownership days during the period / year.5,407 6,719 5,895 3,494 3,120 3,194 0 2,000 4,000 6,000 8,000 10,000 12,000 Q2 2026 Q2 2025 2025 Running Cost Depreciation US$8,901 US$9,839 US$9,089 US$ Based on information up to 30 June 2026 18
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Outlook • Lingering geopolitical uncertainties; • Structural change to global trade; • Firm freight environment absorbing new tonnages; and • Continue to look for opportunistic renewal. 19
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Thank You Questions & Answers Investor Relations ir@jinhuiship.com | +(852) 2545 0951 www.jinhuiship.com