Okeanis Eco Tankers(US:ECO) Globenewswire·2026-02-18 21:15Financial Performance Summary - The company reported revenues of $126.9 million for Q4 2025, a significant increase from $85.2 million in Q4 2024, representing a growth of approximately 49% [6] - Profit for Q4 2025 was $59.5 million, compared to $13.2 million in Q4 2024, indicating a substantial increase of over 350% [6] - For the twelve-month period ending December 31, 2025, revenues were $391.5 million, slightly down from $393.2 million in 2024 [6] - The profit for the twelve months was $123.0 million, up from $108.9 million in 2024, reflecting an increase of about 13% [6] Operating Expenses and Earnings - Vessel operating expenses for Q4 2025 were $11.5 million, compared to $9.6 million in Q4 2024 [6] - Earnings per share for Q4 2025 were $1.76, a significant rise from $0.41 in Q4 2024 [6] - For the twelve-month period, earnings per share were $3.77, compared to $3.38 in 2024, marking an increase of approximately 12% [6] Dividend Declaration - The board of directors declared a dividend of $1.55 per common share, payable on March 10, 2026, to shareholders of record as of March 3, 2026 [4] - The common shares will trade ex-dividend on the NYSE from March 3, 2026, and on the Oslo Stock Exchange from March 2, 2026 [4] Alternative Performance Metrics - Time charter equivalent (TCE) revenue for Q4 2025 was reported at $92.9 million [6] - EBITDA and Adjusted EBITDA for Q4 2025 were $79.3 million and $79.0 million, respectively [6] - Adjusted profit for Q4 2025 was $59.9 million, with adjusted earnings per share of $1.78 [6] Fleet and Market Development - The fleetwide daily TCE rate was $76,700 per operating day in Q4 2025, with VLCC and Suezmax TCE rates at $92,000 and $53,100 per operating day, respectively [6] - As of Q1 2026, 67% of available VLCC spot days have been booked at an average TCE rate of $104,200 per day, and 64% of available Suezmax spot days at an average TCE rate of $84,600 per day [6]