DRYLOG TRADING LIMITED

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 101

Reporting scope

Standalone (parent only)

Auditor

Hillier Hopkins LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“It is management responsibility to evaluate whether there is substantial doubt about the Company's ability to continue as a going concern and provide related disclosures. As of 31 December 2024, the Company's current assets totalled $49,212, while current liabilities totalled $56,507 resulting in a negative working capital position of $7,295. Current liabilities included $5,324 of unearned revenue in relation to hires and freights received in advance as of 31 December 2024 (which represents a non-cash liability that will be recognized as revenue in 2025 as the services are rendered) and $7,164 of lease liabilities relating to Company's long-term leased vessels which the management assesses that will be covered by the vessels' operating cash flows. In considering going concern, the management has also reviewed the Company's future cash requirements and earnings projections. Management anticipates that the Company's primary sources of funds will be cash from operations as well as financial support from its parent company when needed. Management believes that these sources of funds will be sufficient for the Company to meet is liquidity needs for at least twelve months from the end of the reporting period and therefore it is appropriate to prepare the financial statements on a going concern basis.”

Significant events

• “A dividend of $3,500 was declared and paid for the year ended 31 December 2024.”
• “DryLog Trading Limited migrated its tax residence to Malta, effective from 1 October 2023.”
• “On 19 December 2023, the Company entered into an uncommitted revolving credit facility with Citibank N.A. for an amount up to $10,000 for general corporate and working capital purposes.”
• “During 2024, the Company entered into four new long-term time charter-in contracts for the vessel Crimson Glory for a minimum duration of approximately 366 days.”
• “During 2023, the Company entered into four new long-term time charter-in contracts for the vessels Amis Power, Amis Wisdom II, Spar Pyxis and Crimson Grace for a minimum duration of approximately 609, 611, 367 and 366 days, respectively.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

3

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +12.3%

  £243,039,000 → £272,997,000

• Cash

  +197.3%

  £2,060,000 → £6,124,000

• Net assets

  -84.4%

  £4,659,000 → £728,000

• Employees

  0%

  3 → 3

• Operating profit

  -25.7%

  £4,824,000 → £3,582,000

• Profit before tax

  -12.5%

  £2,428,000 → £2,125,000

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers