Global Ship Lease, Inc., owner of containerships, announced unaudited results for the three and nine-month periods ended September 30, 2025, highlighting solid operational and financial growth.
Operating revenue reached $192.7 million in Q3 2025, up 10.7% from the same period last year, while net income available to common shareholders rose 17.5% to $92.6 million, or $2.59 per share. For the first nine months of 2025, revenue climbed 8.9% to $575.5 million, and net income reached $306.7 million, or $8.60 per share.
Adjusted EBITDA stood at $130.2 million for Q3 and $396.7 million year-to-date, reflecting continued operational efficiency. The company added $778 million in contracted revenues during the first nine months of 2025, bringing its total contracted revenue to $1.92 billion, with a weighted average remaining duration of 2.5 years.
Global Ship Lease’s Board of Directors approved a quarterly dividend increase to $0.625 per Class A common share, up 19% from the previous level, citing sustained market demand and strong forward charter fixtures.
Credit ratings remained stable, with Moody’s, S&P Global Ratings, and Kroll Bond Rating Agency (KBRA) all reaffirming GSL’s ratings with stable outlooks.
During the quarter, GSL completed the sale of several older vessels — Dimitris Y, Tasman, Akiteta, and Keta — generating a combined gain of $46 million, and took delivery of Czech, the final ship in its four-vessel ECO-9,000 TEU series.
The company also refinanced certain credit facilities with a new $85 million UBS credit line, extending maturities and improving liquidity flexibility.
Global Ship Lease said it remains focused on maintaining strong cash flow, prudent capital allocation, and continued returns to shareholders through dividends and opportunistic share repurchases, with $33 million remaining under its current authorization.
