Here are the 10-K annual reports from Genco Shipping & Trading Ltd (GNK) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow GNK and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GNK filings page.
Genco Shipping & Trading Limited filed Amendment No. 1 to its annual report for the year ended December 31, 2025 to provide updated Part III information on directors, corporate governance, executive compensation, ownership and related matters.
The filing notes an aggregate market value of voting common equity held by non‑affiliates of approximately $551.8 million based on a $13.07 share price as of June 30, 2025, and 43,577,051 common shares outstanding as of April 30, 2026. For 2025, Genco reported a net loss of $4.4 million and Adjusted EBITDA of $85.9 million.
Compensation disclosures emphasize a pay‑for‑performance framework using Adjusted EBITDA, strategic initiatives, relative total shareholder return and return on invested capital. In 2025, CEO John C. Wobensmith received salary of $725,000, a cash bonus of $1,124,000, stock awards valued at $2,065,433, and total compensation of $3,965,93389.4% support. The amendment also details a majority‑independent board, committee structures (including ESG), clawback and anti‑hedging policies, stock ownership guidelines, and a double‑trigger Employee Retention Plan tied to change‑in‑control events.
Genco Shipping & Trading Limited files its annual report describing a New York City-based, pure-play drybulk ship owner focused on global seaborne transport of iron ore, coal, grain, bauxite, steel products and other cargoes. After two expected Newcastlemax deliveries in March 2026, the fleet will comprise 45 Capesize, Ultramax and Supramax vessels with about 5,044,000 dwt and an average age of 12.7 years.
Since 2021, the company has reduced debt by $249.2 million to a balance of $200 million as of December 31, 2025 and reports total liquidity of $455.5 million, including $55.5 million of cash and $400 million of undrawn revolver availability under an upsized $600 million revolving credit facility maturing July 10, 2030. Genco highlights 26 consecutive quarterly dividends totaling $7.565 per share, active chartering across spot and time charters, and extensive discussion of regulatory, environmental, safety and cybersecurity requirements affecting its operations.