2020 Bulkers

Oslo, Norway, February 12, 2025

2020 Bulkers Ltd. (“2020 Bulkers” or the “Company”) today announced its unaudited financial and operating results for the three and twelve months ended December 31, 2024.

Key events during the fourth quarter of 2024
-          The Company reported net profit of US$5.1 million and EBITDA of US$9.7 million for the fourth quarter of 2024.
 
-          The Company achieved average time charter equivalent earnings of approximately US$27,100 per day, gross.
 
-          The Company declared total dividends of US$0.34 per share for the months of October, November and December 2024.
 
Subsequent Events
-          Achieved average time charter equivalent earnings for January 2025 of approximately US$16,700, per day, gross.
 
-          In February 2025, the Company declared a dividend of US$0.03 per share for January 2025.

The Board of Directors Report, the Condensed Consolidated Financial Statements and the Q4 2024 Presentation are available in the enclosed files.
 
About 2020 Bulkers Ltd.
2020 Bulkers Ltd. is a limited liability company incorporated in Bermuda on 26 September 2017. The Company’s shares are traded on Oslo Børs under the ticker “2020”.
2020 Bulkers is an owner and operator of large dry bulk vessels. The Company has six Newcastlemax dry bulk vessels in operation.
 
February 12, 2025
Board of Directors
2020 Bulkers Ltd.
Oslo, Norway