C3is (CISS) Q1 2025 Earnings Call May 15, 2025 10:00 AM ET Company Participants Diamantis Andriotis - CEO, President & DirectorNina Pyndiah - Chief Financial Officer Diamantis Andriotis Good morning, everyone, and welcome to our CPIS First Quarter of twenty twenty five Earnings Conference Call and Webcast. This is Doctor. Yamadis Andrioti, CEO of the company. Joining me on the call today is our CFO, Ninap India. Before we commence our presentation, I would like to remind you that we will be discussing forwa ...

C3is (CISS) Q1 2025 Earnings Call May 15, 2025 10:00 AM ET Speaker0 Good morning, everyone, and welcome to our CPIS First Quarter of twenty twenty five Earnings Conference Call and Webcast. This is Doctor. Yamadis Andrioti, CEO of the company. Joining me on the call today is our CFO, Ninap India. Before we commence our presentation, I would like to remind you that we will be discussing forward looking statements, which reflect current views with respect to future events and financial performance and are bas ...

Certain shipping industry information, statistics and charts contained herein have been derived from industry sources. You are hereby advised that such information, statistics and charts have not been prepared specifically for inclusion in this presentation and the Company has not undertaken any independent investigation to confirm the accuracy or completeness of such information. Readers of this presentation should review our filings with the SEC for a discussion of factors and circumstances that could aff ...

ATHENS, Greece, May 15, 2025 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing dry bulk and tanker seaborne transportation services, announced today its unaudited financial and operating results for the first quarter ended March 31, 2025. OPERATIONAL AND FINANCIAL HIGHLIGHTS Our handysize dry bulk carriers are on time charters of short-term durations, producing steady cash flows, while our Aframax tanker operates in the spot market, currently achieving voyage char ...

ATHENS, Greece, May 12, 2025 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing seaborne transportation services, announced today that it will release its first quarter financial results for the period ended March 31, 2025 before the market opens in New York on May 15, 2025. On May 15, 2025 at 10:00 am ET, the company’s management will host a conference call to present the results and the company’s operations and outlook. Slides and audio webcast: There will also b ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT ...

Financial Data and Key Metrics Changes - For the year 2024, the company reported revenues of $42,300,000, an increase of 47% compared to 2023 [5] - Net revenues were $28,000,000, reflecting a 33% increase from 2023 [5] - Adjusted EBITDA was $16,400,000, an increase of 11% from 2023 [6] - Adjusted net income was $8,700,000, a decrease of 7% from 2023 [6] - Cash balance at the end of Q4 2024 was $12,600,000, a 39% increase from year-end 2023 [6] Business Line Data and Key Metrics Changes - The Aframax tanker, Afrappel II, contributed approximately 76% to total revenues [5] - Daily time charter equivalent (TCE) for 2024 was $21,000 per day, down 10% from 2023 [7] - Fleet operational utilization was 90.3% for the twelve-month period ending December 31, 2024, compared to 91.6% for the same period in 2023 [24] Market Data and Key Metrics Changes - The dry bulk trade showed resilience despite global economic fluctuations, particularly in the latter half of the year [7] - The iron ore market is navigating a transitional phase with robust production despite subdued demand [8] - The seaborne coal market in 2024 experienced significant shifts, with demand dynamics contrasting between the first and second halves of the year [9] Company Strategy and Development Direction - The company aims for disciplined growth with a focus on timely and selective acquisition of quality vessels [32] - The strategy includes maintaining a high-quality fleet to reduce operating costs and improve safety [31] - The company has no bank debts and has increased its fleet capacity by 234% since inception [33] Management's Comments on Operating Environment and Future Outlook - The shipping industry is navigating a transitional phase influenced by geopolitical factors and environmental regulations [35] - The Trump administration's potential policies may significantly impact the oil industry and shipping profitability in 2025 [36] - The company remains confident that 2025 will yield strong financial performance and growth prospects [37] Other Important Information - The company recorded a noncash item of $11,130,000 loss at year-end 2024, resulting in a net loss of $2,700,000 for the year [29] - The fleet book value as of December 2024 was $84,000,000, a 12% increase from year-end 2023 [30] Summary of Q&A Session - There was no question and answer session at the end of the call [1]

C3is Inc. (NASDAQ:CISS) Q4 2024 Results Conference Call March 11, 2025 10:00 AM ET Company Participants Diamantis Andriotis - Chief Executive Officer Nina Pyndiah - Chief Financial Officer Operator Good day and thank you for standing by. Welcome to the C3is Fourth Quarter Earnings Conference Call and Webcast. All participants will be in listen-only mode during the call with no question-and-answer session at the end. Please note that today's conference is being recorded. I will now like to have the conferenc ...

ATHENS, Greece, March 11, 2025 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing dry bulk and tanker seaborne transportation services, announced today its unaudited financial and operating results for the fourth quarter and twelve months ended December 31, 2024. OPERATIONAL AND FINANCIAL HIGHLIGHTS Our handysize dry bulk carriers are on time charters of short-term durations, producing steady cash flows, while our Aframax tanker operates in the spot market, current ...

ATHENS, Greece, March 07, 2025 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing seaborne transportation services, announced today that it will release its fourth quarter and full year financial results for the period ended December 31, 2024 after the market opens in New York on March 11, 2025. On March 11, 2025 at 10:00 am ET, the company’s management will host a conference call to present the results and the company’s operations and outlook. Slides and audio web ...