However, the trusts’ adjusted ebitda for 1HFY2025 came in at US$2.04 million, down 33.4% y-o-y, and revenue for the reporting period declined 26.8% y-o-y to US$3 million.
The manager of First Ship Lease Trust (FSL Trust) has reported a net profit of US$1.7 million ($2.19 million) for the 1HFY2025 ended June 30, up 26.9% y-o-y.
This includes a US$0.7 million gain on disposal of vessels.
