Transworld Shipping Lines Limited has reported its unaudited financial results for the quarter ended 30 June 2025 and announced a series of strategic business moves to strengthen its market position.
For the first quarter of FY26, revenue stood at approximately US$ 11.4 million, marginally up from US$ 11.3 million in the same quarter last year.
EBITDA came in at US$ 2.5 million, compared to US$ 3.7 million a year earlier.
The company reported a loss before tax of US$ 0.84 million, versus a profit of US$ 0.36 million in Q1 FY25. Profit after tax stood at a loss of US$ 0.96 million, compared to a profit of US$ 0.24 million in the prior-year period.
The Board of Directors has approved the acquisition of two companies, Transworld Integrated Logistek Private Limited and Transworld Logistics Private Limited, making both entities wholly owned subsidiaries.
These acquisitions are intended to accelerate revenue growth through a broader service portfolio, expansion into emerging markets and key trade corridors, and enhanced global reach.
By leveraging the operational strengths of these subsidiaries, the company aims to boost customer acquisition, improve retention, and deliver greater value to clients and stakeholders.
In addition, the Board has approved entering into a joint venture agreement with BainBridge Navigation DMCC, in which Transworld will hold a 60% stake.
The joint venture, to be incorporated in Dubai, UAE, will focus on establishing a shipping pool company for the Handysize vessel segment. This initiative aims to consolidate operations and improve efficiency within the dry bulk shipping market.
Both the acquisitions and the joint venture are expected to be completed by 31 December 2025.
