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Share information
Listing venue - Euronext Growth Oslo
Ticker - WEST
Number of shares - 33,619,715
Face value - NOK 0,05
Registrar - Nordea Issuer Services
Please click here for live share price
Financial reports
Annual Reports
Financial calendar
14.02. 2025
Second Half Report
2024 and preliminary
Financial Result 2024
Announcement of
Q4 2024 dividend
(after close)
13.03. 2025
Annual Report 2024
10.04. 2025
Annual General Meeting
22.05. 2025
Announcement of
Q1 2025 dividend
18.08. 2025
First Half Report 2025
and announcement of
Q2 2025 dividend
13.10. 2025
Announcement of
Q3 2025 dividend
Dividend policy and History
Western Bulk aims to distribute minimum 80% of net profit in quarterly dividend payments, subject to sufficient free liquidity and working capital to support such payment. The timing and amount of dividends is at the discretion of the Board of Directors.
| Period | Declared | Total dividend amount | Dividend per share | Ex dividend date | Record date | Payable date |
| FY 2021 | 10.03.22 | 65 mUSD | NOK 17,23 | 21.03.22 | 22.03.22 | 29.03.22 |
| Q1 2022 | 25.04.22 | 16 mUSD | NOK 4,24 | 27.04.22 | 28.04.22 | 05.05.22 |
| Q2 2022 | 15.08.22 | 13 mUSD | NOK 3,85 | 17.08.22 | 18.08.22 | 25.08.22 |
| Q3 2022 | 20.10.22 | 10 mUSD | NOK 3,00 | 24.10.22 | 25.10.22 | 02.11.22 |
| Q4 2022 | 09.02.23 | 10 mUSD | NOK 3,00 | 14.02.23 | 15.02.23 | 22.02.23 |
| Q1 2023 | - | - | - | |||
| Q2 2023 | - | - | - | |||
| Q3 2023 | - | - | - | |||
| Q4 2023 | - | - | - | |||
| Q1 2024 | - | - | - | |||
| Q2 2024 | - | - | - | |||
| Q3 2024 | - | - | - | |||
| Q4 2024 | - | - | - | |||
| Q1 2025 | - | - | - |
Analyst Coverage
This is the current analyst coverage of Western Bulk shares. Please see their contact information below if you have enquiries or wish to access their research.
Lars Bastian Østereng
Arctic Securities ASA
+47 22 93 72 13
lars.ostereng@arctic.com
Jørgen Lian
DNB Markets ASA
+47 24 16 91 88
jorgen.lian@dnb.no
Main shareholders
| Name | # Shares | Ownership |
|---|---|---|
| Kistefos group | 23 093 152 | 68,7% |
| Sayonara AS (former Ojada AS) | 2 776 792 | 8,3% |
| Citibank N.A. | 1 041 089 | 3,1% |
| Øra Industrier AS | 640 000 | 1,9% |
| Euroclear Bank S.A./N.V. | 463 241 | 1,4% |
| Employees | 360 284 | 1,1% |
| Other (about 900 other shareholders) | 5 245 157 | 15,6% |
| 33 619 715 | 100% |
Daily updated share register available for Scandinavian investors at Public Shareholder Register.
Shareholder search including nominee accounts was performed on February 27, 2025 and is available for order at IR@westernbulk.com.
General meetings notices and minutes
Key figures
Western Bulk Chartering group
| USD million | H2 2024 | H2 2023 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Gross revenues | 622.3 | 543.4 | 1 269.7 | 1 117.6 | 1 615.8 | 1 487.9 |
| Net TC Result 1,2) | 9.3 | 2.3 | 24.4 | 9.3 | 116.0 | 137.9 |
| Administrative expenses | 13.8 | 12.9 | 26.6 | 25.1 | 47.6 | 50.7 |
| EBITDA 1,2) | (4.6) | (10.6) | (2.2) | (15.8) | 68.5 | 87.2 |
| Net profit (loss) after tax 1,2) | (5.2) | (10.8) | (2.7) | (15.6) | 66.0 | 81.0 |
| Net TC margin per ship day (USD) 1,2) | 402 | 100 | 517 | 202 | 2 870 | 3 376 |
| Average number of vessels operated | 125 | 128 | 129 | 126 | 111 | 112 |
| Total assets | 117.6 | 119.8 | 117.6 | 119.8 | 162.6 | 196.6 |
| Book equity | 49.7 | 52.5 | 49.7 | 52.5 | 68.1 | 51.1 |
| Total liabilities | 67.9 | 67.4 | 67.9 | 67.4 | 94.5 | 145.5 |
| Interest bearing debt | - | - | - | - | - | 3.4 |
| Free cash | 28.4 | 32.91 | 28.4 | 32.9 | 57.1 | 108.3 |
| Restricted cash | 5.7 | 7.5 | 5.7 | 7.5 | 11.7 | 13.9 |
| Total cash | 34.2 | 40.4 | 34.2 | 40.4 | 68.8 | 122.1 |
Net TC margin per ship day is the voyage related result (Gross revenues less voyage related costs, FFA and tonnage cost) divided by total ship days in the period.