INSW International Seaways (INSW) Q4 FY25 earnings call
International Seaways reported a strong Q4 FY25, driven by robust tanker demand and strategic fleet management, culminating in a record dividend payout. The company continues to prioritize shareholder returns and balance sheet strength, while actively renewing its fleet and consolidating market position through strategic acquisitions like Tankers International. Geopolitical factors and sanctions enforcement are providing tailwinds for compliant tanker fleets, supporting a constructive market outlook.
You’re reading a preview. Opening the full call uses 1 concall credit.
Sign in to use your monthly call allowance.
INSW operating KPIs by quarter
| KPI | This call Dec 2025 Q4 FY25 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Capital expenditures Dry dock and capital expenditures | $23MFollowing along the chart from left to right on the cash bridge, we had $175 million in adjusted EBITDA for the fourth quarter, plus $19 million in debt service and another $23 million of dry dock and capital expenditures.Source: earnings call transcript | $20MFollowing the bridge from left to right, we generated $345 million in adjusted EBITDA, filed $50 million in debt service, hit another $20 million in dry dock and capital expenditures and used about $49 million of working capital.Source: earnings call transcript | -13% |
| Capital expenditures LR1 newbuilding installments net of financing | ~$6MWe also paid about $6 million in LR1 newbuilding installments net of financing.Source: earnings call transcript | ~$10MWe used about $10 million in cash for installment payments net of financing for the original 6 LR1 newbuilds.Source: earnings call transcript | — |
| Unencumbered vessels | 31We have 31 unencumbered vessels, and we have ample undrawn RCF Capacity.Source: earnings call transcript | 25Net debt around 6% of our fleet's current value and 25 vessels that are unencumbered.Source: earnings call transcript | -19.4% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.