Second Quarter Ended June 30, 2025 Results August 8, 2025 FORWARD-LOOKING STATEMENTS & INFORMATION DISCLAIMER Mixed quarterly results ►Time charter equivalent revenues* of $8.8 million, down 28.2% from robust Q2 2024 ►Net loss of $1.9 million, or $0.19 EPS (basic and diluted) ►Adjusted EBITDA** of $1.2 million, down $6.8 million from Q2 '24 ►Q2 '25 earnings affected by one-off G&A expense and softer chartering conditions in both the product tanker and dry bulk sectors vs. exceptional 2024 period; In Q2 2025 ...

Maroussi, Greece, August 8, 2025 – Pyxis Tankers Inc. (Nasdaq Cap Mkts: PXS), (the “Company”, “we”, “our”, “us” or “Pyxis Tankers”), an international shipping company, today announced unaudited results for the three and six month periods ended June 30, 2025. For the three months ended June 30, 2025, our revenues, net, were $9.2 million. For the same period, our time charter equivalent (“TCE”) revenues were $8.8 million, a decrease of $3.5 million, or 28.2%, over the comparable period in 2024. Our net loss a ...

First Quarter Ended March 31, 2025 Results May 21, 2025 This presentation contains forward-looking statements and forward-looking information within the meaning of the Private Securities Litigation Reform Act of 1995 applicable securities laws. The words "expected'', "estimated", "scheduled", "could", "should", "anticipated", "long-term", "opportunities", "potential", "continue", "likely", "may", "will", "positioned", "possible", "believe", "expand" and variations of these terms and similar expressions, or ...

Company Overview - Pyxis Tankers Inc. reported unaudited results for the three months ended March 31, 2025, with net revenues of $9.6 million, a decrease of 18.6% from $11.8 million in the same period of 2024 [2][11][16] - The net income attributable to common shareholders for Q1 2025 was $0.8 million, down from $3.4 million in Q1 2024, resulting in earnings per share of $0.07 compared to $0.33 in the prior year [2][11][16] - Adjusted EBITDA for the first quarter of 2025 was $3.5 million, a decrease of $2.5 million from $6.0 million in Q1 2024 [2][11][16] Financial Performance - Time charter equivalent (TCE) revenues for Q1 2025 were $8.4 million, a decrease of $1.8 million or 17.4% compared to the same period in 2024 [2][11] - The average daily TCE rate for MR tankers was $23,593, which is 25.8% lower than the $31,790 rate in Q1 2024 [11][16] - The dry-bulk fleet achieved an average daily TCE rate of $13,013, down 23.2% from $16,950 in the same period of 2024 [11][16] Market Conditions - The product tanker sector faced lower charter rates due to slowing global economic activity and reduced demand for transportation fuels, although market conditions improved sequentially supported by seasonal factors [5][7] - The dry-bulk market remained subdued, impacted by soft demand for certain commodities and the deceleration of the Chinese economy [6][9] - Global demand for seaborne cargoes is expected to see modest growth in 2025, with a normalization of ton-mile activity anticipated [7][9] Fleet and Operations - As of March 31, 2025, the company had a fleet of three modern eco-efficient MR tankers and three dry-bulk vessels, all employed under short-term time charters [5][6][51] - The company repurchased 67,534 common shares at an average price of $3.91 per share during the first quarter of 2025, completing its $3.0 million share repurchase program [3][35] - The average number of vessels increased from 4.5 in Q1 2024 to 6.0 in Q1 2025 due to the acquisition of two Kamsarmax dry-bulk vessels [11][16] Future Outlook - The chartering environment for both product tankers and dry-bulk carriers is expected to remain challenging for the remainder of 2025, with limited direct exposure to tariffs but an anticipated increase in vessel supply [7][9] - The International Monetary Fund revised its global growth forecast down to 2.8% for 2025, which may impact demand for refined products and dry-bulk commodities [8][9] - The company is exploring opportunities to expand its fleet of mid-sized, modern eco-efficient vessels in both sectors [10][38]

Core Viewpoint - Pyxis Tankers Inc. is set to release its unaudited financial results for the first quarter of 2025 on May 21, 2025, before the market opens in New York [1]. Company Overview - Pyxis Tankers Inc. operates a modern fleet of six mid-sized eco-vessels, focusing on the transportation of refined petroleum products and dry bulk commodities [3]. - The fleet includes three MR product tankers, one Kamsarmax bulk carrier, and controlling interests in two dry-bulk joint ventures, which consist of a sister-ship Kamsarmax and an Ultramax [3]. - The company aims to opportunistically expand its fleet of eco-efficient vessels, supported by significant capital resources, a competitive cost structure, strong customer relationships, and an experienced management team aligned with shareholder interests [3].

Company Overview - Pyxis Tankers Inc. is an international shipping company that currently owns a modern fleet of six mid-sized eco-vessels, including three MR product tankers, one Kamsarmax bulk carrier, and controlling interests in two dry-bulk joint ventures [2] - The company is engaged in the seaborne transportation of a broad range of refined petroleum products and dry-bulk commodities [2] - Pyxis Tankers is positioned to opportunistically expand its fleet of eco-efficient vessels due to significant capital resources, competitive cost structure, strong customer relationships, and an experienced management team [2] Recent Developments - The company announced a commitment letter with an existing bank for a "hunting license" loan facility of up to $45 million to finance the potential acquisition of up to two modern vessels [1] - The loan facility can cover up to 62.5% of the vessel purchase value and can be drawn down anytime for a period of up to 18 months after closing, expected in June 2025 [1] - The average interest rate for borrowings under the facility is SOFR + 1.9%, with repayments scheduled quarterly over five years from drawdown [1]

Exhibit 99.2 Pyxis Tankers Announces Financial Results for the Three Months and Year Ended December 31, 2024 Maroussi, Greece, March 13, 2025 – Pyxis Tankers Inc. (Nasdaq Cap Mkts: PXS), (the "Company" or "Pyxis Tankers"), an international shipping company, today announced unaudited results for the three months and year ended December 31, 2024. For the three months ended December 31, 2024, our revenues, net were $12.0 million. For the same period, our time charter equivalent ("TCE") revenues were $7.9 milli ...

Stock Performance and Market Conditions - The market price of the company's common stock has fluctuated widely, reaching a high of $26.72 per share in December 2017 and a low of $1.62 per share in January 2022, with 2024 highs of $5.53 and lows of $3.40[206] - The stock market for shipping companies has experienced extreme volatility, often unrelated to individual companies' operating performance, which may lead to substantial losses for investors[207] - The company’s stock may be negatively impacted by perceptions of mixed asset classes and the performance of its subsidiaries[213] - A continued decline in the closing price of common shares could lead to suspension or delisting, significantly impairing the company's ability to raise capital[229] Shareholder Dilution and Equity Issuance - The company may issue additional shares of common stock or other equity securities in the future, which could dilute existing shareholder ownership interests[209] - The company has approximately 1.6 million common stock purchase warrants with an exercise price of $5.60, which may dilute existing shareholder ownership upon exercise[214] Dividend Policy and Financial Ratios - As of December 31, 2024, the ratio of total liabilities over the market value of adjusted total assets was 40%, well below the 75% threshold required for dividend payments[222] - The company does not intend to pay cash dividends on common stock in the near future, and any future payments will depend on the board's discretion[224] - The company’s ability to pay dividends is contingent upon compliance with loan agreements, which may restrict dividend payments if certain financial ratios are not met[225] Regulatory and Tax Considerations - The company is subject to economic substance regulations in the Marshall Islands, and any changes could adversely affect its business and financial condition[218] - The company may be subject to a 4% U.S. federal income tax on shipping income attributable to voyages that begin or end in the United States, which could reduce earnings and cash flow[236] - If treated as a "passive foreign investment company" (PFIC), U.S. shareholders could face adverse tax consequences, including unfavorable tax regimes[239] - The company does not expect to be classified as a PFIC for the 2024 taxable year, treating income from time chartering activities as services income[241] - Pending and future tax law changes, including a potential global minimum tax of 15%, could materially impact the company's financial condition[243] Corporate Governance and Market Compliance - Anti-takeover provisions in the company's Articles of Incorporation may discourage acquisitions and affect the market price of common stock[233] - Nasdaq requires listed companies to maintain a minimum share price of $1.00 per share, with delisting procedures initiated if the price falls below this threshold for 30 consecutive trading days[226] - Following a reverse stock split on May 13, 2022, the company had 10,613,424 common shares outstanding, aimed at meeting the $1.00 per share requirement[227] - The company has not completed a reverse stock split in the past year, but future compliance with Nasdaq's minimum price requirement remains critical[226] - Management's inability to report on the effectiveness of internal controls could lead to decreased investor confidence and a decline in common share value[235]

Company Overview - Pyxis Tankers Inc. operates a modern fleet of six mid-sized eco-vessels, including three MR product tankers, one Kamsarmax bulk carrier, and controlling interests in two dry-bulk joint ventures [2] - The company focuses on the seaborne transportation of a wide range of refined petroleum products and dry-bulk commodities [2] - Pyxis Tankers is positioned to opportunistically expand its fleet of eco-efficient vessels due to significant capital resources, competitive cost structure, strong customer relationships, and an experienced management team [2] Financial Reporting - The company has filed its Annual Report on Form 20-F for the year ended December 31, 2024, with the Securities and Exchange Commission [1] - Shareholders can access the report on the company's website or request a hard copy containing audited financial statements free of charge [1] Management and Contact Information - The Chief Financial Officer of Pyxis Tankers is Henry Williams, who can be contacted via phone or email for further inquiries [5] - The company's headquarters is located at 59 K. Karamanli Street, Maroussi, Greece [4]

Core Viewpoint - Pyxis Tankers Inc. reported a challenging financial performance for the fourth quarter of 2024, with significant declines in revenues and net income compared to the same period in 2023, attributed to deteriorating market conditions in the shipping industry [2][4][13]. Financial Performance - For the three months ended December 31, 2024, net revenues were $12.0 million, a decrease of 9.2% from $13.2 million in the same period of 2023 [13][22]. - Adjusted net income for the fourth quarter was $0.3 million, down from $21.8 million in the comparable period in 2023, resulting in a loss attributable to common shareholders of $2.4 million [3][13]. - Adjusted EBITDA for the fourth quarter decreased by $4.5 million to $3.3 million compared to $7.7 million in the same period in 2023 [2][13]. Tanker Sector Performance - The average Time Charter Equivalent (TCE) rate for MR tankers in the fourth quarter of 2024 was $22,084 per day, a decline of 27.6% from $30,484 per day in the same period of 2023 [13][22]. - The MR fleet's utilization rate was 89.5% in the fourth quarter of 2024, down from 97.7% in the same period of 2023 [22]. - As of March 13, 2025, the MR tankers were booked at an average estimated TCE of $25,079 per day, with 85% of available days booked for the quarter ending March 31, 2025 [5]. Dry-Bulk Sector Performance - The average TCE rate for dry-bulk carriers in the fourth quarter of 2024 was $11,582 per day, a decrease of 31.6% from $16,932 per day in the same period of 2023 [13][22]. - The dry-bulk fleet's utilization rate was 77.9% in the fourth quarter of 2024, compared to 95.7% in the same period of 2023 [22]. Market Outlook - The chartering environment for both product tankers and dry-bulk markets is expected to remain challenging in 2025, with stable global demand but increasing vessel supply due to newbuild deliveries [7][8]. - The International Monetary Fund (IMF) projects global economic growth of 3.3% annually for 2025 and 2026, which may support demand for seaborne cargoes [7]. Strategic Initiatives - The company completed a $3.0 million common share repurchase program, acquiring over 730,000 shares at an average cost of $4.03 per share, and fully redeemed its Series A Convertible Preferred Stock to prevent potential dilution [9][10]. - The company is exploring acquisition opportunities to expand its fleet of eco-efficient vessels, particularly in light of declining ship values [11]. Balance Sheet Highlights - As of December 31, 2024, total assets increased to $188.9 million from $166.3 million in 2023, with cash and cash equivalents decreasing to $21.2 million [52]. - Total liabilities increased to $84.2 million from $65.0 million in 2023, primarily due to increased long-term debt [52].