Golden Ocean Group reports Q4 and full-year results

Golden Ocean Group Ltd. (NASDAQ:GOGL), a leading international dry bulk shipping company, released its financial outcomes for the fourth quarter and the full year ended December 31, 2024, today. The company, headquartered in Bermuda, provided the update in a press release dated February 26, 2025. According to InvestingPro data, the company generated revenue of $894 million in the last twelve months, with an impressive gross profit margin of 61.6%.

For the quarter, Golden Ocean reported robust earnings, although specific figures were not disclosed in the provided excerpt. The full-year results reflected the company’s operational and financial performance, with InvestingPro showing EBITDA of $547 million for the last twelve months. The company’s stock currently trades near its 52-week low of $9.05, potentially presenting an opportunity for value investors.

Peder Simonsen, Interim Chief Executive Officer and Chief Financial Officer, commented on the results, noting the company’s strategic initiatives and market position. However, the content of his commentary is not included in this article.

Golden Ocean’s latest financial data will also be incorporated by reference into its Registration Statement on Form F-3, which was initially filed with the U.S. Securities and Exchange Commission on July 19, 2022.

This announcement follows Golden Ocean’s continued focus on the water transportation industry, where it has established itself as a significant player. The company, formerly known as Knightsbridge Shipping Ltd and Knightsbridge Tankers Ltd , has a history of name changes, with the most recent occurring on September 30, 2014.

Investors and stakeholders interested in Golden Ocean’s performance can refer to the full report for a comprehensive understanding of the company’s financial health and operational achievements. This news is based on a press release statement and provides an overview of the company’s disclosed information without additional analysis or commentary.

In other recent news, SFL Corporation (NYSE:SFL) Ltd reported its fourth-quarter 2024 earnings, posting an earnings per share (EPS) of $0.15, which was slightly below the forecasted $0.16. The company, however, exceeded revenue expectations, reporting $229.1 million against a forecast of $218.18 million. SFL Corporation’s revenue growth was driven by its strong fleet utilization and strategic long-term charters. The company’s EBITDA for the quarter was $132 million, indicating a significant increase from previous quarters. SFL also announced a fixed rate backlog of $4.3 billion, highlighting its strong future revenue potential. The company maintained a quarterly dividend of 27 cents per share, reflecting a 10% yield. Analysts have projected a gradual increase in SFL’s EPS for 2025, with estimates reaching $0.19 by the fourth quarter. Furthermore, the company is focused on marketing its Hercules rig for future opportunities and reinvesting proceeds from vessel sales.

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