TEN Ltd. Reports Profits for the 12 Months and Fourth Quarter Ended December 31, 2024 and Announces Common Share Dividend

Dynamic 21 vessel expansion - 36% dwt growth - 82 vessel proforma fleet. Doubling minimum contracted revenues to $4.0 billion Adjusted EBITDA of$400 million and Net income of $176 million for 2024   Annual EPS of$5.03 and $0.42 for the 2024 fourth quarter Nine DP2 shuttle tankers on long-term employment to Brazil's Transpetro with expected contracted revenues of$2.0 billion positioning TEN as one of the largest shuttle tankers owners in the world - Proforma Shuttle fleet of 16 vessels all on fixed employ ...