FOURTH QUARTER REPORT AND PRELIMINARY ANNUAL RESULTS FOR THE YEAR ENDED 31 DECEMBER 2025

HIGHLIGHTS FOR THE FOURTH QUARTER OF 2025 - Revenue for the quarter: US$38 million - EBITDA for the quarter: US$13 million - Net loss for the quarter: US$2.7 million - Basic loss per share: US$0.025

HIGHLIGHTS FOR THE YEAR ENDED 31 DECEMBER 2025 - Revenue for the year: US$157 million - EBITDA for the year: US$79 million - Net profit for the year: US$13 million - Basic earnings per share: US$0.115 - Gearing ratio as at 31 December 2025: 1% - Proposed final dividend: US$0.018 per share

The Board of Jinhui Shipping and Transportation Limited (the 'Company') is pleased to announce the unaudited condensed consolidated results of the Company and its subsidiaries (the 'Group') for the quarter and year ended 31 December 2025.

Dry bulk freight rates in 2025 were marked by volatility but showed resilience, supported by strong commodity demand (iron ore, coal, grains) despite geopolitical disruptions, seasonal swings and impact of trade policy. Rates fluctuated sharply across vessel classes throughout the year. The Baltic Dry Index decreased by 4% year-on-year on average over the last year. In light of these market conditions, the Group operated the majority of its fleet’s vessels under long term contracts while retaining exposure to the spot market.

The Group reported revenue for the fourth quarter of 2025 of US$37,518,000, representing a decrease of 15% as compared to US$44,176,000 for the corresponding quarter in 2024. The Group recorded a consolidated net loss of US$2,687,000 for the current quarter. This is compared to a consolidated net profit of US$5,189,000 reported in the fourth quarter of 2024, which included a net reversal of impairment loss of US$1,942,000 on owned vessels and a reversal of impairment loss of US$4,591,000 on right-of-use assets.

Basic loss per share for the fourth quarter was US$0.025 as compared to basic earnings per share of US$0.047 for the same quarter in 2024. The fourth quarter results included a non-recurring net loss of US$3,043,000 on disposal of three Supramaxes upon their deliveries. The average daily time charter equivalent rate earned by the Group’s fleet decreased from US$15,567 of fourth quarter of 2024 to US$15,254 of current quarter.

For the year 2025, revenue reached US$157,489,000, representing a slightly decrease compared to US$158,900,000 for 2024. The Group generated a consolidated operating profit before depreciation and amortization amounted to US$79,095,000 for 2025 as compared to US$74,286,000 for 2024. The Group reported a consolidated net profit of US$12,544,000 in 2025, representing a decrease from US$24,005,000 recorded in the prior year. The current year’s results included a non recurring net loss of US$9,209,000 arising from the disposal of eight Supramaxes. Basic earnings per share for the year 2025 was US$0.115 as compared to basic earnings per share of US$0.220 for last year 2024. The average daily time charter equivalent rate for the Group’s fleet declined 3.8% to US$14,182 for the year 2025 as compared to US$14,741 for the year 2024.

As at 31 December 2025, the Group operated a fleet of twenty-three vessels, of which eighteen are owned vessels and five chartered-in vessels, with total deadweight carrying capacity of approximately 1,825,000 metric tonnes.

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This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act).