# Himalaya Shipping Q1 2025

**URL:** <https://discussion.fool.com/t/himalaya-shipping-q1-2025/118793>\
**Category:** Shipping News\
**Created:** [June 2, 2025, 4:04am UTC](https://discussion.fool.com/t/himalaya-shipping-q1-2025/118793 "2025-06-02T04:04:46Z")\
**Posts on this page:** 1\
**Page:** 1

<div class="post-metadata">

**Author:** ![HohumYNWA](https://sea2.discourse-cdn.com/motleyfoolfree/user_avatar/discussion.fool.com/hohumynwa/32/1511_2.png) [@HohumYNWA](https://discussion.fool.com/u/HohumYNWA)\
**Post date:** [June 2, 2025, 4:04am UTC](https://discussion.fool.com/t/himalaya-shipping-q1-2025/118793/1 "2025-06-02T04:04:46Z")

</div>

Himalaya Shipping (HSHP) reported Q1 2025 results on 05/22/25. Results included

- Operating rev of $22M
- Adj EBITDA $13.8M
- Net Loss of $6.4M
- Completed a private placement and raised $15M

> **[himalaya-shipping-ltd-q1-2025-investor-presentation.pdf](https://storage.mfn.se/37aaf3de-7912-4b52-9584-47c3cd41e2ac/himalaya-shipping-ltd-q1-2025-investor-presentation.pdf)**

As mentioned in prior HSHP posts, the company is backed by Tor Olav Troim (TOT), and he sometimes likes to take big bets. Switching charters from index-related to fixed charters on two of the vessels seems like a smart move. Gross debt of $721M translates to $60M per vessel, and is quite high for a shipping company.