2020 Bulkers Ltd. (2020) - Results for the fourth quarter of 2025

11 Feb 2026 08:00 CET

Oslo, Norway, February 11, 2026

2020 Bulkers Ltd. ("2020 Bulkers" or the "Company") today announced its
unaudited financial and operating results for the three and twelve months
ended December 31, 2025.

Key events during the fourth quarter of 2025
- The Company reported net profit of US$13.8 million and EBITDA of
US$16.5 million for the fourth quarter of 2025.

- The Company achieved average time charter equivalent earnings of
approximately US$39,300 per day, gross.

- The Company declared total dividends of US$0.63 per share for the
months of October, November and December 2025.

- In October 2025, the Company signed an agreement to sell the vessel
Bulk Sao Paulo for a total consideration of US$72.75 million with agreed
delivery in Q1 2026.

- In November 2025, the Company signed agreements to sell the vessels
Bulk Sydney and Bulk Santos for a total consideration of US$145.5 million to
an unaffiliated third party with agreed delivery in Q1 2026.

Subsequent Events
- Achieved average time charter equivalent earnings for January 2026 of
approximately US$30,800, per day, gross.

- In February 2026, the Company declared a dividend of US$0.15 per
share for January 2026.

The Board of Directors Report, the Condensed Consolidated Financial Statements
and the Q4 2025 Presentation are available in the enclosed files.

About 2020 Bulkers Ltd.
2020 Bulkers Ltd. is a limited liability company incorporated in Bermuda on 26
September 2017. The Company's shares are traded on Oslo Børs under the ticker
"2020".
2020 Bulkers is an owner and operator of large dry bulk vessels. The Company
has six Newcastlemax dry bulk vessels in operation.

February 11, 2025
Board of Directors
2020 Bulkers Ltd.
Oslo, Norway

More information:
Access the news on Oslo Bors NewsWeb site

665376_2020 Bulkers Q4 Results Presentation.pdf
665376_2020 Bulkers Board Of Directors Report Q4 2025.pdf
665376_2020 Bulkers Consolidated Financial Statements Q4 2025.pdf