GSL Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Fri, May 22, 2026 astatine 10:40 AM CDT 26 min read

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DATE

Friday, May 22, 2026 astatine 10:30 a.m. ET

CALL PARTICIPANTS

• Executive Chairman — Georgios Giouroukos Youroukos

• Chief Executive Officer — Thomas A. Lister

• Chief Financial Officer — Anastasios Psaropoulos

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Full Conference Call Transcript

Thomas A. Lister: Thank you precise much. Hello, everyone, and invited to the Global Ship Lease First Quarter 26 Earnings Conference Call. You tin find the slides arsenic accustomed that travel today's call. On our website astatine www.globalshiplease.com. As usual, slides 2 and 3 punctual you that today's telephone whitethorn see forward-looking statements that are based connected existent expectations and assumptions and are, by their nature, inherently uncertain and extracurricular of the company's control. Actual results whitethorn disagree materially from these forward-looking statements owed to galore factors including those described successful the Safe Harbor conception of the descent presentation.

We would besides similar to nonstop your attraction to the hazard factors conception of our astir caller yearly study connected our 2025 signifier 20 F, which was filed successful March 2026, You tin find the signifier connected our website oregon connected the SEC's. All of our statements are qualified by these and different disclosures successful our reports filed with the SEC. We bash not undertake immoderate work to update forward-looking statements. The reconciliations of the non GAAP fiscal measures to which we volition notation during the telephone to the astir straight comparable measures calculated and presented successful accordance with GAAP, delight notation to the net merchandise that we issued this morning, which is besides disposable connected our website.

I americium joined arsenic accustomed contiguous by our enforcement chairman, George Euroukos and our Chief Financial Officer, Anastasios Psaropoulos. George volition statesman the telephone with precocious level commentary connected GSL and our manufacture and past Tassos and I volition instrumentality you done our caller activity. Quarterly results and financials, and the existent marketplace environment. After that, we volition beryllium precise pleased to reply your questions. So turning present to descent 4, I volition walk the telephone implicit to Georgios.

Georgios Giouroukos Youroukos: Thank you, Tom, and bully morning, afternoon, oregon evening. to each of you joining today. The opening months of 2026 person been a continuation and, successful fact, an escalation of the themes of geopolitical uncertainty and volatility that we saw successful 2025. From the continued disruption of postulation successful the Red Sea to the unprecedented disruption successful the Strait of Hormuz, which has resulted successful the humanitarian situation of ~20 1000 seafarers being trapped successful the Persian Gulf. The satellite has go much unsafe extraordinarily unpredictable, and complex. And this has ramifications passim the proviso chain. Trade routes person shifted, fragmented, and decentralized.