SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-Q

QUARTERLY REPORT PURSUANT TO SECTION 17 OF THE SECURITIES
REGULATION CODE AND SRC RULE 17(2)(b) THEREUNDER

1. For the quarterly period ended

Mar 31, 2023

2. SEC Identification Number

48909

3. BIR Tax Identification No.

000-628-958-000

4. Exact name of issuer as specified in its charter

Lorenzo Shipping Corporation

5. Province, country or other jurisdiction of incorporation or organization

Manila, Philippines

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

20th Floor Times Plaza Building, U.N. Avenue corner Taft Avenue, Ermita, Manila Postal Code 1000

8. Issuer's telephone number, including area code

+63285275555

9. Former name or former address, and former fiscal year, if changed since last report

N/A

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares	554,642,251

11. Are any or all of registrant's securities listed on a Stock Exchange?

Yes

No

If yes, state the name of such stock exchange and the classes of securities listed therein:

Philippine Stock Exhange - Common Shares

12. Indicate by check mark whether the registrant:

(a) has filed all reports required to be filed by Section 17 of the SRC and SRC Rule 17 thereunder or Sections 11 of the RSA and RSA Rule 11(a)-1 thereunder, and Sections 26 and 141 of the Corporation Code of the Philippines, during the preceding twelve (12) months (or for such shorter period that the registrant was required to file such reports)

Yes

No

(b) has been subject to such filing requirements for the past ninety (90) days

Yes

No

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Lorenzo Shipping CorporationLSC

PSE Disclosure Form 17-2 - Quarterly Report References: SRC Rule 17 and
Sections 17.2 and 17.8 of the Revised Disclosure Rules

For the period ended	Mar 31, 2023
Currency (indicate units, if applicable)	Php

Balance Sheet

	Period Ended	Fiscal Year Ended (Audited)
	Mar 31, 2023	Dec 31, 2022
Current Assets	1,243,791,669	1,029,136,481
Total Assets	3,128,809,960	2,930,427,021
Current Liabilities	2,251,034,826	2,105,835,441
Total Liabilities	2,696,250,079	2,548,923,170
Retained Earnings/(Deficit)	(634,550,071)	(685,606,101)
Stockholders' Equity	432,559,880	381,503,851
Stockholders' Equity - Parent	0	0
Book Value per Share	0.78	0.69

Income Statement

	Current Year (3 Months)	Previous Year (3 Months)	Current Year-To-Date	Previous Year-To-Date
Gross Revenue	905,130,328	795,172,067	905,130,328	795,172,067
Gross Expense	784,418,471	796,740,436	784,418,471	796,740,436
Non-Operating Income	8,656,990	14,579,241	8,656,990	14,579,241
Non-Operating Expense	61,299,410	43,624,984	61,299,410	43,624,984
Income/(Loss) Before Tax	68,069,437	(30,614,112)	68,069,437	(30,614,112)
Income Tax Expense	17,013,407	218,479	17,013,407	218,479
Net Income/(Loss) After Tax	51,056,030	(30,832,591)	51,056,030	(30,832,591)
Net Income Attributable to Parent Equity Holder	0	0	0	0
Earnings/(Loss) Per Share (Basic)	0.09	-0.06	0.09	-0.06
Earnings/(Loss) Per Share (Diluted)	0.09	-0.06	0.09	-0.06

	Current Year (Trailing 12 months)	Previous Year (Trailing 12 months)
Earnings/(Loss) Per Share (Basic)	0.09	0.03
Earnings/(Loss) Per Share (Diluted)	0.09	0.03

Other Relevant Information
N/A