Gearbulk IntegratedReport 2024 Paperturn - Flipbook - Page 83
INTEGRATED REPORT 2024
KEY OUTCOMES
Despite market challenges and a business carve-out causing
short-term value erosion, we remained committed to 昀椀nancial
resilience and strategic capital management. The streamlined
Gearbulk Group, supported by a strong new shareholder,
enables us to focus on optimising the company’s capital
structure.
Our equity ratio ensured solvency, while sustainability-linked
debt reinforced our environmental commitments. The Accordion Facility provided 昀氀exibility and improved liquidity predictability. These initiatives position us for sustainable long-term
growth and continued value creation for shareholders.
MATERIALITY
Material Topic Addressed
G10
Corporate
Culture
Strategic Goal Addressed
Strategic Response
• Optimising cost structure to ensure
• Strengthen sustainable 昀椀nancial
sustainable growth
engagement
• Optimising our financial position
by maintaining healthy equit y
ratio with low cash break even
• Expanding value of partnerships in
G11
Management
segments we operate in
• Expand our Green Finance Initiatives
• Diversify our portfolio
of relationship
with suppliers
83
