Okeanis Eco Tankers Corp. – Unaudited Condensed Financial Statements for the Third Quarter and Nine-Month Period of 2025

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]