v3.26.1
Condensed consolidated statements of profit or loss and other comprehensive income - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Condensed consolidated statements of profit or loss and other comprehensive income    
Revenue $ 489,017,593 $ 174,094,786
Operating expenses    
Commissions (4,260,493) (2,008,372)
Voyage expenses (84,396,534) (59,517,139)
Vessel operating expenses (25,567,252) (22,045,871)
Management fees - related party (2,850,820) (2,280,600)
Depreciation and amortization (24,748,387) (20,565,522)
General and administrative expenses (10,082,841) (8,463,067)
Total operating expenses (151,906,327) (114,880,571)
Operating profit 337,111,266 59,214,215
Other income / (expenses)    
Interest income 2,431,082 815,603
Interest expense and other finance costs (20,266,047) (23,038,063)
Unrealized gain, net on derivatives 278,397 2,465,940
Realized gain, net on derivatives 665,290 397,168
Loss on debt extinguishment (1,363,059) (1,125,951)
Foreign exchange (loss)/ gain (227,978) 713,930
Total other expenses, net (18,482,315) (19,771,373)
Profit for the period 318,628,951 39,442,842
Total comprehensive income for the period 318,628,951 39,442,842
Profit attributable to the owners of the Group 318,628,951 39,442,842
Total comprehensive income attributable to the owners of the Group $ 318,628,951 $ 39,442,842
Earnings per share - basic $ 8.25 $ 1.23
Earnings per share - diluted $ 8.25 $ 1.23
Weighted average no. of shares - basic 38,605,735 32,194,108
Weighted average no. of shares - diluted 38,605,735 32,194,108