FORTITUDE SHIPPING LIMITED

Figures converted to GBP from USD at 0.748 per USD (Frankfurter spot rate) — hover any figure for the original. — indicates the figure wasn't present under that line item in that period. About these numbers

• Turnover

  +4.8%

  £109,843,762 → £115,155,865

• Cash

  -13.7%

  £6,527,622 → £5,635,793

• Net assets

  -31.9%

  £1,989,983 → £1,354,564

• Employees

  +50%

  4 → 6

• Operating profit

  +37.7%

  £24,810,496 → £34,170,591

• Profit before tax

  +67.6%

  £15,252,299 → £25,555,805

• Wages

  +13%

  £2,268,820 → £2,563,355

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. 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

IFRS

Reporting scope

Standalone (parent only)

Auditor

Deloitte LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Directors of the Company have assessed the Company's ability to continue as a going concern for a period of at least 12 months from the date of signing the financial statements. The assessment was conducted taking into consideration its financial position, liquidity, expected future cash flows, and obligations as at the reporting date. For the financial year ended 31 December 2024, the Company posted a profit after tax of $34.2m and declared a dividend of $35.0m. As at the reporting date, the Company maintains a positive net asset position of $1.8m, supported by long-term time charter contracts secured at favourable rates, providing predictable revenue streams. The Directors are hence of the opinion that it is appropriate to prepare financial statements of the Company on a going concern basis.”

Significant events

• “In April 2025, several governments, including China-the largest importer of US-origin LPG-announced reciprocal tariffs on US goods following new US trade measures. These tariffs may negatively affect the Company's LPG shipping activities, including a potential reduction in Chinese imports and a decline in profit margins. In May 2025, the US and China agreed to a temporary 90-day reduction in tariffs, with China lowering its tariffs to 10%.”

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

Filings

9

last 12 months

Capital events

0

last 24 months

Officers appointed

2

last 12 months

Officers resigned

1

last 12 months

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