# PLGC Q2 Report 2026.pdf

- Press release: Pelagic Credit Plc - Second quarter results 2026 (2026-08-03)
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**TL;DR —** Pelagic Credit reported a net profit of $0.7 million in Q2 2026, driven by stable, contracted cash flows, and declared its first dividend of $0.04 per share, while expanding its fleet and revenue backlog with two new transactions post-quarter end.

## Takeaways
- Net profit for Q2 2026 was $0.7 million, with gross revenue of $1.7 million.
- The company declared its first dividend of $1.48 million, or $0.04 per share.
- The firm-period lease-adjusted revenue backlog increased to $107.1 million as of June 30, 2026, including July transactions.
- The average firm-period charter tenor remaining is 5.1 years.
- Cash balance at the end of Q2 2026 was $49.5 million, with an equity ratio of 66%.
- Two new transactions were announced post-quarter end: a $24.7 million pre-delivery financing for two chemical tankers and a $47.4 million sale-and-leaseback for three dry bulk carriers.

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