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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
12.02. 2026
Second Half Report
2025 and preliminary
Financial Result 2025
Announcement of
Q4 2025 dividend
(after close)
11.03. 2026
Annual Report 2025
10.04. 2026
Annual General Meeting
10.04. 2026
Announcement of
Q1 2026 dividend
(after close)
14.08. 2026
First Half Report 2026
and announcement of
Q2 2026 dividend
(after close)
13.10. 2026
Announcement of
Q3 2026 dividend
(after close)
Dividend policy and History
Western Bulk aims to distribute up to 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 | - | - | - | |||
| Q3 2025 | - | - | - | |||
| Q4 2025 | 12.02.26 | 4.3 mUSD | NOK 1,21 | 16.02.26 | 17.02.26 | 25.02.26 |
| Q1 2026 | - | - | - | |||
| Q2 2026 | - | - | - |
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.
Kristoffer Barth Skeie
Arctic Securities ASA
+47 22 93 72 13
kristoffer.skeie@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) | 2 676 792 | 8,0% |
| Citibank N.A. | 1 474 246 | 4,4% |
| Employees | 1 211 234 | 3,6% |
| Euroclear Bank S.A./N.V. | 463 725 | 1,4% |
| Other (about 800 other shareholders) | 4 700 566 | 14,0% |
| 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, 2026 and is available for order at IR@westernbulk.com.
General meetings notices and minutes
Key figures
Western Bulk Chartering group
| USD million | H1 2026 | H1 2025 | 2025 | 2024 | 2023 |
|---|---|---|---|---|---|
| Gross revenues | 564.2 | 499.8 | 1 039.4 | 1 269.7 | 1 117.6 |
| Provision for future loss | - | 4.2 | 4.2 | (4.2) | - |
| Net TC Result 1,2) | 5.2 | 7.6 | 27.7 | 24.4 | 9.3 |
| Administrative expenses | 11.6 | 9.8 | 22.1 | 26.6 | 25.1 |
| EBITDA 1,2) | (6.4) | (2.2) | 5.6 | (2.2) | (15.8) |
| Net profit (loss) after tax 1,2) | (6.6) | (2.1) | 5.4 | (2.7) | (15.6) |
| Net TC margin per ship day (USD) 1,2) | 247 | 383 | 687 | 517 | 202 |
| Average number of vessels operated | 116 | 110 | 110 | 129 | 126 |
| Total assets | 138.4 | 104.7 | 108.6 | 117.6 | 119.8 |
| Book equity | 42.4 | 47.7 | 50.8 | 49.7 | 52.5 |
| Total liabilities | 95.9 | 57.0 | 57.8 | 67.9 | 67.4 |
| Interest bearing debt | - | - | - | - | - |
| Free cash | 17.3 | 29.3 | 29.8 | 28.4 | 32.9 |
| Restricted cash | 10.8 | 6.8 | 5.4 | 5.7 | 7.5 |
| Total cash | 28.1 | 36.0 | 35.2 | 34.2 | 40.4 |
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.