Financial Data and Key Metrics Changes - The fleet-wide time charter equivalent was approximately $47,000 per vessel per day, with VLCCs at nearly $46,000 and Suezmaxes at $48,000 [2][4] - Adjusted EBITDA for the quarter was $45.2 million, adjusted net profit was $24.7 million, and adjusted EPS was $0.77 [2][4] - Total distributions over the last four quarters amounted to $2.12 per share, representing about 90% of earnings for the period [3] Business Line Data and Key Metrics Changes - The company reported TC revenue for the nine months at $172.5 million, with EBITDA close to $125 million and reported net income exceeding $63.5 million [4] - The average age of the fleet is six years, with a total of 14 vessels, including six Suezmaxes and eight VLCCs [5] Market Data and Key Metrics Changes - The company achieved near-perfect fleet utilization, with VLCCs earning $45,500 and Suezmaxes at $48,200 per day [9] - As of the call, 80% of VLCC spot days were fixed at $88,100 per day, and 48% of Suezmax days at $60,800 per day, leading to a fleet-wide average of $80,700 per day [11] Company Strategy and Development Direction - The company focuses on maximizing shareholder value through consistent dividend distributions, having declared a dividend of $0.75 per share for the quarter [2][3] - The management emphasized the importance of maintaining a young, eco-friendly fleet to outperform in a tightening market [18][25] Management's Comments on Operating Environment and Future Outlook - The management expressed confidence in a strong Q4, with rates continuing to strengthen and a bullish outlook for the tanker market driven by increased cargo flows and tightening sanctions [13][19] - The company noted that the effective supply of compliant crude is manageable, with OPEC Plus underproducing its quota [19][20] Other Important Information - The company has successfully refinanced its vessels, improving margins by 155 basis points since 2023, which translates to an annual benefit of about $8 million at current debt levels [6][39] - The management highlighted that over 40% of the global VLCC and Suezmax fleet is over 15 years old, indicating a shrinking compliant fleet [15][21] Q&A Session Summary Question: How do you see time charter opportunities now? - The management noted that the strength of the market has caught many charters off guard, and while there are opportunities for time charters, rates need to increase significantly for long-term deals to make sense [28][29] Question: Can you discuss your strategy regarding investments in today's market? - The focus remains on paying dividends, with the most attractive investments being assets that can deliver quickly. The management emphasized a cautious approach to selecting opportunities [31][34] Question: What are your thoughts on scaling into VLCCs and Suezmaxes? - The management indicated a preference for VLCCs and Suezmaxes, stating that they could comfortably grow the fleet without impacting trading strategies [33][35] Question: Will you continue trading clean or revert to crude? - The management plans to revert to crude trading after discharging current clean cargoes, as the crude market remains strong [37] Question: What opportunities do you see along the capital structure? - The management highlighted the successful refinancing efforts and the potential for further improvements in capital structure as market conditions remain favorable [39]

Q3 2025 EARNINGS PRESENTATION November 13, 2025 Disclaimer This presentation (this "Presentation") has been prepared by Okeanis Eco Tankers Corp. ("OET or the "Company"). This Presentation does not constitute or form part of, and should not be construed as, an offer to sell or an invitation, solicitation, or inducement to purchase or subscribe for securities with respect to any transaction, nor shall it or any part of it form the basis of, or be relied on in connection with, any contract or commitment whats ...

Core Insights - Okeanis Eco Tankers Corp. reported quarterly earnings of $0.77 per share, significantly exceeding the Zacks Consensus Estimate of $0.29 per share, and up from $0.45 per share a year ago, representing an earnings surprise of +165.52% [1] - The company achieved revenues of $59.95 million for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 26.12%, although this is a decline from year-ago revenues of $84.93 million [2] - Okeanis Eco Tankers Corp. shares have increased by approximately 65.8% year-to-date, outperforming the S&P 500's gain of 16.4% [3] Earnings Outlook - The company's future stock performance will largely depend on management's commentary during the earnings call and the earnings outlook for upcoming quarters [4][6] - The current consensus EPS estimate for the next quarter is $0.48 on revenues of $54.43 million, and for the current fiscal year, it is $1.96 on revenues of $214.53 million [7] Industry Context - The Transportation - Shipping industry, to which Okeanis Eco Tankers Corp. belongs, is currently ranked in the top 23% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Another company in the same industry, Nordic American Tankers, is expected to report break-even quarterly earnings, reflecting a year-over-year change of -100%, with revenues projected at $52.31 million, a slight increase from the previous year [9]

Core Insights - Okeanis Eco Tankers Corp. has published its 2024 Environmental, Social and Governance (ESG) Report, adhering to Global Reporting Initiative (GRI 2021 Standards) and Sustainability Accounting Standards Board (SASB) for Marine Transportation [1][2] Company Overview - Okeanis Eco Tankers Corp. is a leading international tanker company focused on seaborne transportation of crude oil and refined products, incorporated on April 30, 2018, under the laws of the Republic of the Marshall Islands [2] - The company is listed on the Oslo Stock Exchange under the symbol OET and on the New York Stock Exchange under the symbol ECO [2] - The fleet consists of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers [2]

Financial Performance - Revenues of $90.6 million in Q3 2025, up from $84.9 million in Q3 2024, representing a 2% increase[5] - Profit of $24.1 million in Q3 2025, compared to $14.5 million in Q3 2024, reflecting a 66% increase[5] - Earnings per share of $0.75 in Q3 2025, compared to $0.45 in Q3 2024, marking a 67% increase[5] - Total revenues for the nine-month period of 2025 were $264.7 million, down from $308.0 million in 2024, a decrease of 14%[5] - Profit for the nine-month period of 2025 was $63.5 million, compared to $95.7 million in 2024, a decline of 34%[5] - Profit for the three months ended September 30, 2025, was $24,050,573, compared to $14,546,387 for the same period in 2024, representing a year-over-year increase of 65.5%[26] - Adjusted profit for the nine months ended September 30, 2025, was $62,783,313, compared to $94,280,722 in 2024, indicating a decrease of 33.5%[37] Revenue and Expenses - Time charter equivalent (TCE) revenue of $59.9 million in Q3 2025, compared to $52.2 million in Q3 2024, an increase of 15%[17] - TCE revenue in Q3 2025 was $90.6 million, reflecting a 15% increase from $84.9 million in Q3 2024[23] - Voyage expenses decreased by 7% to $29.7 million in Q3 2025 from $32.0 million in Q3 2024, primarily due to lower port expenses[23] - Daily vessel operating expenses of $10,014 per calendar day in Q3 2025, compared to $9,811 in Q3 2024, a 2% increase[17] - Total vessel operating expenses for the nine months ended September 30, 2025, were $37,224,998, compared to $36,328,219 in 2024, an increase of 2.5%[33] Cash Flow and Financing - Net cash provided by operating activities for the nine months ended September 30, 2025, was $78,835,207, down from $132,196,553 in 2024, a decrease of 40.5%[26] - Net cash used in financing activities for the nine months ended September 30, 2025, was $(75,418,064), compared to $(128,261,276) in 2024, a reduction of 41.2%[26] - Cash and cash equivalents at the end of the period for September 30, 2025, were $52,644,208, compared to $49,143,152 at the end of September 30, 2024, an increase of 5.1%[26] Dividends and Shareholder Equity - The board declared a dividend of $0.75 per common share, payable on December 11, 2025[3] - The Company declared a dividend of approximately $22.5 million, or $0.70 per share, in September 2025[20] - Shareholders' equity increased to $429.8 million as of September 30, 2025, up from $410.4 million at the end of 2024[24] Fleet and Operations - The Company has a fleet of 14 vessels with an average age of 6.1 years and a total capacity of approximately 3.5 million deadweight tons[20] - In Q4 2025 to date, 80% of available VLCC spot days booked at an average TCE rate of $88,100 per day[5] - The Company plans to repurchase the VLCC Nissos Rhenia and VLCC Nissos Despotiko under its sale and leaseback agreements in October and November 2025, respectively[20] Financial Metrics - Adjusted EBITDA for the three months ended September 30, 2025, was $45,165,792, up from $37,870,563 in 2024, reflecting a growth of 3.8%[37] - EBITDA for the nine months ended September 30, 2025, was $127,162,954, down from $168,390,541 in 2024, a decline of 24.5%[37] - Interest and finance costs for Q3 2025 were $11.0 million, down from $14.2 million in Q3 2024, attributed to reduced total indebtedness from $645.6 million to $616.6 million[23] - Interest expense for the three months ended September 30, 2025, was $10,474,518, down from $12,894,811 in 2024, a decrease of 18.7%[26] Market Outlook - Forward-looking statements indicate potential risks including market competition and operational uncertainties that could impact future performance[38] - The company emphasizes that EBITDA and adjusted measures are non-GAAP and should not be considered alternatives to GAAP measures[36]

Core Viewpoint - Okeanis Eco Tankers Corp. has declared a dividend of USD 0.75 per common share, with specific payment details for shareholders registered in different exchanges [1][6]. Dividend Declaration - The dividend amount is set at USD 0.75 per common share, payable in NOK for shares registered in Euronext VPS [6]. - The Board approved the dividend on November 12, 2025 [6]. Payment and Ex-Dividend Dates - Last day including right on OSE is November 28, 2025, and on NYSE is December 1, 2025 [6]. - Ex-dividend date for OSE is December 1, 2025, and for NYSE is December 2, 2025 [6]. - Record date for both exchanges is December 2, 2025, with payment expected on December 11, 2025 [6]. - For Euronext VPS shareholders, the dividend is expected to be distributed around December 16, 2025 [6]. Company Overview - Okeanis Eco Tankers Corp. is a leading international tanker company specializing in the transportation of crude oil and refined products [4]. - The company operates a fleet of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers [4].

Core Viewpoint - Okeanis Eco Tankers Corp. reported its financial results for Q3 and the first nine months of 2025, showing a mixed performance with increased revenues in Q3 but a decline in revenues for the nine-month period compared to the previous year [1][2][6]. Financial Performance of the Third Quarter Ended September 30, 2025 - Revenues reached $90.6 million in Q3 2025, up from $84.9 million in Q3 2024, reflecting a year-over-year increase of approximately 20.0% [6] - Profit for Q3 2025 was $24.1 million, compared to $14.5 million in Q3 2024, indicating a significant increase of about 66.2% [6] - Earnings per share (EPS) rose to $0.75 in Q3 2025 from $0.45 in Q3 2024, marking a 66.7% increase [6] - Vessel operating expenses were $11.7 million in Q3 2025, slightly higher than $11.5 million in Q3 2024 [6] Financial Performance of the Nine Months Ended September 30, 2025 - Total revenues for the nine-month period were $264.7 million, down from $308.0 million in the same period of 2024, representing a decrease of approximately 14.0% [6] - Profit for the nine months was $63.5 million, a decline from $95.7 million in 2024, reflecting a decrease of about 33.5% [6] - Earnings per share for the nine-month period fell to $1.97 from $2.97, a decrease of approximately 33.7% [6] - Vessel operating expenses totaled $33.8 million for the nine months, compared to $32.9 million in the previous year [6] Alternative Performance Metrics and Market Development - Time charter equivalent (TCE) revenue for Q3 2025 was $59.9 million [6] - EBITDA and Adjusted EBITDA for Q3 2025 were reported at $44.9 million and $45.2 million, respectively [6] - Adjusted profit and Adjusted earnings per share for Q3 2025 were $24.7 million and $0.77 per share [6] - The fleetwide daily TCE rate was $46,600 per operating day in Q3 2025, with VLCC and Suezmax TCE rates at $45,500 and $48,200 per operating day, respectively [6] - Daily vessel operating expenses were $10,014 per calendar day in Q3 2025 [6] Dividend Declaration - The board of directors declared a dividend of $0.75 per common share, payable on December 11, 2025, to shareholders of record as of December 2, 2025 [4]

Core Insights - Value Investor's Edge (VIE) is a deep value research community focused on maritime shipping, led by J Mintzmyer, with a growing team of ten analysts and experts [2] - The team has achieved consistent outperformance since its launch in 2015, with a final shipping model average return of +54.4% in 2023, closely matching the +54.9% return in 2022, and an 8-year internal rate of return (IRR) of 43.4% [2] Membership Benefits - Membership includes exclusive research from various analysts, regularly updated portfolio models, and a first look at new investment ideas [1] - Members receive in-depth research reports, quarterly reviews of alternative income opportunities, and weekly updates on value opportunities and market analytics [1] - Full coverage of earnings seasons for focus coverage firms is provided, along with exclusive market analytics for the shipping sectors and income opportunities [1]

Core Viewpoint - Okeanis Eco Tankers Corp. will report its unaudited condensed financial results for Q3 and the nine-month period ending September 30, 2025, on November 12, 2025, with a subsequent webcast on November 13, 2025 [1] Company Overview - Okeanis Eco Tankers Corp. is a leading international tanker company specializing in seaborne transportation of crude oil and refined products [2] - The company was incorporated on April 30, 2018, under the laws of the Republic of the Marshall Islands and is listed on both the Oslo Stock Exchange (symbol OET) and the New York Stock Exchange (symbol ECO) [2] - The fleet consists of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers [2]

Core Points - Okeanis Eco Tankers Corp. announced the resignation of directors Robert Knapp and Joshua Nemser, effective October 10, 2025, with no disagreements cited [1] - The board of directors maintains a majority of independent directors, and the composition of the committees remains unchanged, except for the remuneration committee [2] - Chairman Ioannis Alafouzos expressed gratitude for the contributions of the resigning directors, who had been with the company for over seven years [3] Company Overview - Okeanis Eco Tankers Corp. is a leading international tanker company focused on seaborne transportation of crude oil and refined products, incorporated on April 30, 2018 [4] - The company is listed on both the Oslo Stock Exchange under the symbol OET and the New York Stock Exchange under the symbol ECO, operating a fleet of six Suezmax tankers and eight VLCC tankers, all equipped with modern scrubbers [4]