Imperial Petroleum (US:IMPP) Globenewswire·2026-03-06 14:10Core Viewpoint - Imperial Petroleum Inc. reported significant financial growth in Q4 2025, with a net income of $15.0 million, marking a 284.6% increase compared to Q4 2024, driven by fleet expansion and improved market conditions [4][12]. Operational and Financial Highlights Fourth Quarter 2025 Results - Fleet operational utilization reached 91.8%, up from 88.7% in Q3 2025, and 86.0% in Q4 2024 [4]. - Revenues increased to $51.1 million, a 95.0% rise from $26.2 million in Q4 2024, attributed to fleet growth and stronger spot market rates [4]. - Operating income surged to $13.7 million, a 174% increase from Q4 2024 [4]. - EBITDA for Q4 2025 was $21.3 million, up 232.8% from $6.4 million in Q4 2024 [4]. - The company delivered a new drybulk carrier, increasing its fleet to 20 vessels, with plans for further expansion [4][11]. Twelve Months 2025 Results - Total revenues for 2025 were $161.0 million, a 9.2% increase from $147.5 million in 2024 [5]. - Net income for the year was $50.0 million, slightly down from $50.2 million in 2024 [9]. - EBITDA for the year amounted to $71.0 million, with adjusted EBITDA at $74.2 million [9]. - The average number of vessels owned increased to 16.0 from 10.4 in 2024 [9]. Financial Position - As of December 31, 2025, cash and cash equivalents totaled $179.1 million, with no debt reported [9]. - The company initiated a $10 million share repurchase program, having repurchased 251,625 shares for $0.9 million [4]. Market Conditions and Future Outlook - The CEO noted that the tanker and drybulk markets were strong, particularly in the latter half of 2025, contributing to the company's performance [12]. - The company plans to take delivery of six additional vessels in 2026, expanding its fleet to 26 vessels without incurring bank debt [12].