PAMT 2025 Q2 Earnings Record Low as Net Loss Widens 230.8%

PAMT reported its fiscal 2025 Q2 earnings on Aug 08, 2025, with a disappointing performance marked by a significant revenue drop and deepening losses. The company’s total revenue fell 17.4% year-over-year to $151.13 million, while its net loss surged to $9.63 million, a 230.8% increase from the previous year. The results fell short of expectations, with the company offering no specific guidance, though the CEO expressed cautious optimism for future stabilization.

Revenue
PAMT’s total operating revenue declined to $151.13 million in the second quarter of 2025, a 17.4% drop from $182.95 million in the same period the prior year. This decrease was primarily driven by a reduction in the non-fuel revenue segment, which totaled $133.81 million. Additionally, the company collected $17.33 million in fuel surcharge, contributing to the overall operating revenue.

Earnings/Net Income
PAMT’s losses deepened significantly in 2025 Q2, with a net loss of $9.63 million—230.8% wider than the $2.91 million loss recorded in 2024 Q2. On a per-share basis, the company’s loss expanded to $0.46, a 253.8% increase from $0.13 per share. The widening deficit underscores the company’s struggle with profitability amid declining revenue.

Price Action
The stock of PAMT has shown mixed performance in recent periods, with a 0.48% rise on the latest trading day and a 7.22% increase over the past full trading week. However, the stock has lost 11.81% in value on a month-to-date basis, indicating ongoing investor uncertainty and volatility.

Post-Earnings Price Action Review
A strategy of buying PAMT after its earnings beat expectations and holding for 30 days performed poorly, delivering a return of -40.22%—well below the benchmark return of 4.83%—for an excess return of -45.05%. The CAGR for the backtested period was -51.73%, highlighting severe depreciation. The Sharpe ratio of -0.83 and a maximum drawdown of 0.00% underscore the strategy’s high volatility and poor risk-adjusted returns, despite no actual drawdown.

CEO Commentary
The CEO acknowledged PAMT’s challenges in 2025 Q2, noting a significant decline in revenue to $151.134 million and a net loss of $9.627 million, with an EPS of -$0.46. Despite these setbacks, the CEO expressed cautious optimism about the company’s long-term prospects. Strategic priorities include refining product offerings, enhancing operational efficiency, and targeting growth in key markets.

Guidance
While no specific revenue or EPS targets were provided, the CEO emphasized a focus on cost optimization and operational efficiency as key drivers for future performance. The forward-looking outlook centers on strengthening core operations and capitalizing on emerging opportunities to drive long-term value.

Additional News
In related business developments, Nigeria’s used car market has seen a boom as more private vehicle owners sell due to financial hardship. Additionally, the Akwa Ibom State Police Command arrested a suspected ritualist, Cletus Bassey, for allegedly providing charms to armed robbers, highlighting continued security challenges in the region. Meanwhile, Nigeria’s FDI has declined by 70% in three months, signaling broader economic concerns.