Guernsey-based dry-bulk shipowner Taylor Maritime Investments Limited (OTCPK: TMILF) recorded $150.2 million in trailing 12-month revenue, but the financial indicators listed for the company also show negative operating and net margins. Cash-flow measures are positive, highlighting a mixed picture that should be read alongside the relevant reporting periods and definitions, which are not specified consistently in the data provided.
Taylor Maritime earns revenue by operating vessels and providing time-charter and voyage-charter services to international customers. Its fleet is mainly made up of Japanese-built Handysize and Supramax ships carrying grain, fertiliser, steel and other minor bulks. The company has also pursued fleet renewal and integrated Grindrod Shipping Holdings, expanding its owned and chartered-in fleet. The figures below do not include a common reference date and should be checked against the company’s formal financial statements.
Fleet operations and charter exposure
Taylor Maritime is listed on the London Stock Exchange’s Main Market. External manager Taylor Maritime Management Limited oversees day-to-day commercial and technical ship management. Customers include commodity traders, shipping companies and industrial users, while the fleet operates on major routes worldwide.
The mix of time and voyage charters exposes revenue to contract terms, vessel utilisation and conditions in the dry-bulk market. The company profile lists 22 employees. Its focus on mid-sized bulk carriers serves a range of smaller bulk cargoes and routes. The data does not separately break out how the Grindrod Shipping Holdings integration has affected current revenue or costs.
Revenue, margins and cash flow
The listed trailing 12-month revenue is $150.191 million, while earnings per share (EPS) is negative $1.193. Gross margin is 12.29%, compared with an operating margin of negative 12.58%, a net margin of negative 30.94% and an EBITDA margin of 0.38%. The figures show that revenue has not translated into positive operating or net income.
Free cash flow margin is listed at 21.97% and operating cash flow margin at 23.82%, both positive and notably different from the reported profit margins. Differences in calculation methods and reporting periods may affect the comparison.
The growth figures also vary by measure. Three-year revenue growth is listed at 77.5%, while EBITDA growth is negative 69.4%. Free cash flow grew 10.2% over three years, and book value declined 13.1%. These historical changes describe different parts of the financial profile and do not establish future performance. The listed estimate for revenue growth over the next three to five years is negative 25.49%; no forecasting methodology is provided.
Balance sheet and valuation measures
The company’s listed cash-to-debt ratio is 1.71, equity-to-assets ratio 0.72 and debt-to-equity ratio 0.27. Current, quick and cash ratios are 4.64, 4.63 and 1.97, respectively. Debt to EBITDA is shown at 76.11. These measures capture different aspects of liquidity and leverage; the debt-to-EBITDA figure in particular needs to be assessed against the underlying debt balance, EBITDA definition and reporting period.
Valuation measures include a price-to-sales ratio of 0.18, price-to-book ratio of 0.15, market-capitalisation-to-free-cash-flow ratio of 0.84 and enterprise-value-to-revenue ratio of 0.44. Enterprise value to EBITDA is listed at 116.28, while enterprise value to EBIT is negative 1.9. Comparisons may be limited where earnings or operating measures are negative. No GF Value estimate is displayed because, according to the page, there is insufficient data.
Analyst estimates and shareholder returns
The estimates table lists revenue of $50.74 million, EBITDA of $14.40 million and EPS of negative $0.01 for the year ending March 2027. For the year ending March 2028, it shows revenue of $48.20 million, EBITDA of $11.86 million and EPS of negative $0.01. For the year ending March 2029, it lists revenue of $57.00 million and EBITDA of $10.00 million. Forecast EPS excluding non-recurring items is shown at negative $0.06 for 2027, negative $0.28 for 2028 and $0.01 for 2029. The page does not specify the number of analysts behind these estimates or when they were updated.
Shareholder-return figures include three-year dividend growth of 7.2%, an average three-year share-repurchase ratio of 27% and shareholder yield of 623.56%. The calculation methods and periods are not explained, so the figures need to be read in that context and alongside company disclosures.
The company events calendar lists an annual general meeting for November 25, 2026, second-quarter results for December 11, 2026, and a revenue release scheduled for October 23, 2026. No company announcements or regulatory filings are listed on the page.