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Private company

Cool Co Ltd.

Cool Co Ltd. is a water transportation company based in Hamilton, Bermuda.2

Last updated Oct 21, 2026.

Overview

$338.5MRevenue, fiscal 20243
$98.1MNet income, fiscal 20243
  • IndustryWater Transportation2
  • HeadquartersHamilton, Bermuda2
  • Incorporated inBermuda4
  • Business address7 Clarges Street, 5Th Floor, London, W1J 8Ae4
  • Filer categoryAccelerated filer, Emerging growth company4
  • Legal formExempted Companies Limited by Shares2
  • LEI549300AQHDVKVCNIU6082
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressThistle House, 4 Burnaby Street, HM 11 Hamilton, Bermuda2
  • Registered withRegistrar of Companies (Ministry of Economic Development), 541292

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CoolCo was incorporated in 2018 under the laws of Bermuda. In the period from the incorporation of CoolCo in October 2018 until early 2022 our operations were limited to maintaining corporate existence, including the incurrence of bank charges, financing fees and professional services. In early 2022, CoolCo began engaging in the acquisition, ownership, operation and chartering of LNGCs, and the management of third party vessels. The Company is currently listed on the Euronext Growth Oslo and New York Stock Exchange "NYSE" under, respectively, the symbols “CLCO:OSL” and “NYSE:CLCO”.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

48.1%Operating margin3
29.0%Net margin3
-10.7%Revenue growth, 20243
12.9%Return on equity3
1.53×Debt to equity3
$119.6MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Other costs71¢$240.1M
  • Income tax0¢$277.0K
  • Profit29¢$98.1M

Out of $338.5M in revenue.3

Where each dollar of operating cash went, fiscal 2024

  • Capital spending18¢$26.5M
  • Dividends paid51¢$74.1M
  • Kept or used elsewhere31¢$45.5M

Out of $146.1M of cash from operations.3

Financial statements

Revenue673$338.5M in 2024+96% since 2020
0$100.0M$200.0M$300.0M$400.0M2020: $172.6M$172.6M20202021: $171.9M$171.9M2021−0%2023: $379.0M$379.0M2023+120%2024: $338.5M$338.5M2024−11%
Operating income673$162.9M in 2024+169% since 2020
0$100.0M$200.0M$300.0M2020: $60.5M$60.5M20202021: $67.0M$67.0M2021+11%2023: $200.9M$200.9M2023+200%2024: $162.9M$162.9M2024−19%
Net income673$98.1M in 2024
-$50.0M0$50.0M$100.0M$150.0M$200.0M2020: -$1.4M-$1.4M20202021: $15.9M$15.9M20212023: $174.7M$174.7M2023+1001%2024: $98.1M$98.1M2024−44%
Fiscal year201920202021202220232024
Revenue$172.6M6$171.9M7$379.0M3$338.5M3
Operating expenses$178.1M3$175.5M3
Operating income$60.5M6$67.0M7$200.9M3$162.9M3
Interest$27.0M6$18.1M7$80.2M7
Income before tax$48.6M7$176.9M3$101.1M3
Income tax$353.0K6$222.0K7$556.0K3$277.0K3
Net income-$1.4M6$15.9M7$174.7M3$98.1M3
Earnings per share-$1.406$15.717$3.253$1.833
Earnings per share (diluted)-$1.406$15.717$3.253$1.823
Shares (weighted, basic)1.0M shares753.7M shares353.7M shares3
Shares (weighted, diluted)1.0M shares753.7M shares353.8M shares3

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Corporate structure

Cool Co Ltd. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Cool Co Ltd.

  • Cool Co Ltd. Hamilton, Bermuda

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Cool Co Ltd. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$1.8B7 Dec 31, 2023$1.9B7 Dec 31, 2022−7.7%
Accumulated depreciation$179.1M3 Dec 31, 2024$112.5M3 Dec 31, 2023+59.2%
Property and equipment, net$1.9B3 Dec 31, 2024$1.7B3 Dec 31, 2023+14.1%
Operating-lease assets (leased space)$3.4M3 Dec 31, 2024$3.9M3 Dec 31, 2023−12.1%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$165.3M3 Dec 31, 2024$133.5M3 Dec 31, 2023+23.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Finite-lived intangibles, gross$29.8M3 Dec 31, 2024$29.0M3 Dec 31, 2023+2.6%
Accumulated amortization$21.7M3 Dec 31, 2024$18.8M3 Dec 31, 2023+15.5%
Finite-lived intangibles, net$8.1M3 Dec 31, 2024$10.3M3 Dec 31, 2023−21.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$3.7M3 Dec 31, 2024$3.7M3 Dec 31, 2023+0.2%

Timeline

  1. Oct 31, 2018Founded Cool Co Ltd. is founded2

Filings

78 filings to the SEC since October 2021: 3 annual reports, 9 large holders, 66 other. The latest 20:

  1. May 15, 2026SCHEDULE 13G/A EDGAR
  2. Jan 20, 202615-12G EDGAR
  3. Jan 9, 2026S-8 POS EDGAR
  4. Jan 9, 20266-K EDGAR
  5. Jan 9, 2026SC 13E3/A EDGAR
  6. Jan 6, 20266-K EDGAR
  7. Dec 17, 20256-K EDGAR
  8. Dec 16, 2025CT ORDER EDGAR
  9. Dec 16, 2025SC 13E3/A EDGAR
  10. Dec 12, 2025SCHEDULE 13G EDGAR
  11. Dec 5, 2025SC 13E3/A EDGAR
  12. Nov 17, 2025SC 13E3/A EDGAR
  13. Nov 12, 2025SCHEDULE 13G EDGAR
  14. Nov 5, 2025SC 13E3 EDGAR
  15. Oct 28, 2025SCHEDULE 13G EDGAR
  16. Sep 29, 20256-K EDGAR
  17. Sep 25, 20256-K EDGAR
  18. Aug 28, 20256-K EDGAR
  19. Aug 28, 20256-K EDGAR
  20. Aug 13, 2025SCHEDULE 13G EDGAR

The 78 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Cool Co Ltd. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCool Co Ltd.1
  • CIK0001944057
  • Filer statusAccelerated filer an emerging growth company; not a shell company5
  • Incorporated inBermuda5
  • Fiscal year endsDecember 311
  • Industry code (SIC)4400 Water Transportation1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address7 Clarges Street, 5Th Floor, London, England W1J 8AE, United Kingdom1
  • Phone441-295-22441
  • Shares outstanding53,726,718 shares as of Dec 31, 20245
  • AuditorErnst & Young LLP, London, United Kingdom PCAOB ID 1438; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceNov 30, 20221
  • Filings79 in all: 6-K (44), SCHEDULE 13G (6), SC 13E3/A (4), 20-F (3), CORRESP (3), SC 13G (2), SEC STAFF LETTER (2), UPLOAD (2)1
    All 21 form types

    15-12G (1), 20FR12B (1), 20FR12B/A (1), 25-NSE (1), CERT (1), CT ORDER (1), DRS (1), DRS/A (1), S-8 (1), S-8 POS (1), SC 13E3 (1), SCHEDULE 13G/A (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (20-F) Mar 31, 2025

Securities registered for trading

ClassSymbolExchange
Common Shares, par value, $1.00 per shareCLCONew York Stock Exchange

From the cover page of the 20-F filed Mar 31, 2025 (Section 12(b) of the Exchange Act).5

Sources

The numbers on this page point here. Each one links to the record it came from.

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