# PLGC Q2 Report 2026

- Press release: Pelagic Credit Plc - Second quarter results 2026 (2026-08-03)
- Original: https://storage.mfn.se/c/aHR0cHM6Ly9hcGkzLm9zbG8ub3Nsb2JvcnMubm8vdjEvbmV3c3JlYWRlci9hdHRhY2htZW50P21lc3NhZ2VJZD02Nzg5NDcmYXR0YWNobWVudElkPTMzMDM5NA/plgc-q2-report-2026.pdf?news-id=92efb0d8-a219-5b33-bffb-a5212c38d075
- Local copy: discarded after extraction (re-fetchable from Original)

**TL;DR —** Pelagic Credit reported a stable Q2 2026 with $1.7 million in gross revenue and $0.7 million net profit, maintaining a strong project pipeline and declaring its first dividend of $0.04 per share.

## Takeaways
- **Gross Revenue:** Q2 2026 gross revenue was $1.7 million.
- **Net Profit:** Q2 2026 net profit was $0.7 million.
- **Dividend:** Declared first dividend of $1.48 million ($0.04 per share).
- **Revenue Backlog:** Firm-period lease-adjusted revenue backlog stood at $107.1 million as of June 30, 2026, adjusted for July transactions.
- **Average Charter Tenor:** Average firm-period charter tenor remaining was 5.1 years.
- **Equity Ratio:** Equity ratio was 66% with a cash balance of $49.5 million.

*Generated 2026-09-25 via google/gemini-2.5-flash*