Financial Data and Key Metrics Changes - In Q4 2025, the company achieved adjusted earnings per share of $0.14, with a board-declared dividend of $0.05 per share [3][17] - Adjusted EBITDA for Q4 2025 was $37.4 million, down from $40.7 million in Q4 2024 [17] - Daily vessel operating expenses increased by 13% to $5,683 in Q4 2025 compared to $5,047 in Q4 2024 [19] Business Line Data and Key Metrics Changes - The company operated an average of 45 vessels in Q4 2025, earning an average time charter equivalent of $17,050, compared to 45.9 vessels earning $16,521 in Q4 2024 [18] - The company has a revenue backlog of $178 million, supporting debt service and shareholder returns [20] Market Data and Key Metrics Changes - The dry bulk fleet is projected to grow by about 3% in 2026, with the order book at approximately 11.4% of the current fleet [4] - Global dry bulk demand is forecasted to grow by 2%-3% in 2026, with cargo volumes expected to expand by 1%-2% [9][12] Company Strategy and Development Direction - The company maintains a prudent balance between spot and time charter exposure to capture market opportunities while preserving cash flow visibility [3] - The fleet is focused on quality, with approximately 80% being Japanese-built, and an average fleet age of 10.5 years, which is younger than the global average [6][15] Management Comments on Operating Environment and Future Outlook - The management noted increased market volatility in the dry bulk market due to geopolitical reasons, but expressed optimism about the market's recovery [3][9] - The company anticipates that supply growth will marginally match demand for 2026, indicating a balanced market outlook [12] Other Important Information - The company has significant liquidity with $382 million in capital resources and a comfortable leverage of 34% [13][20] - The company has an active share repurchase program of 10 million shares [14] Q&A Session Summary Question: Fleet renewal and Capesize age - Management indicated that second-hand prices are rising, but quality tonnages are scarce, leading to a focus on newbuilds [24][25] Question: Time charter market appetite - Management noted that there is currently no interest in 2-3 year contracts, with the market just starting to improve [26][27]

Financial Data and Key Metrics Changes - For the twelve months of 2025, the company achieved a net income of $10.5 million, a significant increase of 481% compared to a net loss of $3 million in 2024 [3][31] - EBITDA for 2025 was reported at $17 million, up 244% from $7 million in 2024 [3][26] - Voyage revenues decreased by 18% to $34.8 million in 2025 from $42 million in 2024, primarily due to the dry docking of the Aframax tanker [3][22] - The cash balance increased by 19% to $14.9 million at the end of 2025, despite the full payment of $15.1 million for the Eco Spitfire [27][31] Business Line Data and Key Metrics Changes - Voyage costs for 2025 were $12.8 million, down from $14.1 million in 2024, attributed to fewer voyage days due to dry docking [22][24] - Operating expenses for 2025 were $9.2 million, with crew expenses accounting for 50% of total operating costs [24] - The company reported a gain on warrants of $9.2 million for 2025, compared to a loss of $11.1 million in 2024 [26] Market Data and Key Metrics Changes - The global dry bulk market showed resilience in 2025, with iron ore and coal trade remaining significant, although coal shipments were forecasted to decline further in 2026 [4][6] - The handysize category saw global exports of dry bulk commodities increase by 2% year-over-year, reaching 1,798 million tons in 2025 [9] - Aframax spot rates exhibited significant improvements, with the Caribbean-US Gulf route seeing an 88.7% increase in rates [11] Company Strategy and Development Direction - The company aims for disciplined growth through selective acquisitions of quality, non-Chinese-built vessels, focusing on short to medium-term charters and spot voyages [29] - The acquisition of two product tankers, expected to be delivered by Q3 2026, will increase fleet capacity by 387% from inception [20][32] - The strategy emphasizes maintaining a high-quality fleet to reduce operating costs and improve safety, which provides a competitive advantage [28] Management's Comments on Operating Environment and Future Outlook - The management highlighted that elevated freight rates, resilient oil demand, and shifting trade patterns support a bullish outlook for 2026 [31] - The company is fully deleveraged, enhancing financial flexibility, and anticipates continued growth in global seaborne trades driven by various geopolitical factors [31] - The transition from opaque to transparent trade in the oil sector is expected to create demand for compliant tonnage, particularly for Aframax vessels [15] Other Important Information - The company has no bank debt and has repaid all capital expenditure obligations totaling $59.2 million without resorting to bank loans [29][30] - The average age of the C3is Handysize fleet was 14.9 years at the end of December 2025, with a significant portion of the global fleet being over 15 years old [10] Q&A Session Summary - No specific questions or answers were provided in the content regarding the Q&A session.

Q4 2025 EARNINGS PRESENTATION MV EFROSSINI EEDI-PHASE 3 – IMO NOx TIER III KAMSARMAX DELIVERED APRIL 2025 1 Forward Looking Statements This presentation contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and in Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, the Company's growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering into further time charters. Words ...

Okeanis Eco Tankers (NYSE:ECO) Q4 2025 Earnings call February 19, 2026 08:30 AM ET Company ParticipantsAristidis Alafouzos - CEOIraklis Sbarounis - CFOLiam Dalton Burke - Managing DirectorConference Call ParticipantsCliment Molins - AnalystEven Kolsgaard - Equity AnalystFrederick Dibwat - AnalystOperatorWelcome to OET's fourth quarter 2025 financial results presentation. We will begin shortly. Aristidis Alafouzos, CEO, and Iraklis Sbarounis, CFO of Okeanis Eco Tankers, will take you through the presentation ...

Okeanis Eco Tankers (NYSE:ECO) Q4 2025 Earnings call February 19, 2026 08:30 AM ET Company ParticipantsAristidis Alafouzos - CEOIraklis Sbarounis - CFOLiam Dalton Burke - Managing DirectorConference Call ParticipantsCliment Molins - AnalystEven Kolsgaard - Equity AnalystFrederick Dibwat - AnalystOperatorWelcome to OET's fourth quarter 2025 financial results presentation. We will begin shortly. Aristidis Alafouzos, CEO, and Iraklis Sbarounis, CFO of Okeanis Eco Tankers, will take you through the presentation ...

Okeanis Eco Tankers (NYSE:ECO) Q4 2025 Earnings call February 19, 2026 08:30 AM ET Speaker6Welcome to OET's fourth quarter 2025 financial results presentation. We will begin shortly. Aristidis Alafouzos, CEO, and Iraklis Sbarounis, CFO of Okeanis Eco Tankers, will take you through the presentation. They will be pleased to address any questions raised at the end of the call. Matters that are forward-looking in nature will be discussed, and actual results may differ from the expectations reflected in such for ...

Core Viewpoint - C3is Inc. reported strong financial results for Q4 and the full year 2025, with significant increases in net income and EBITDA, driven by operational efficiency and fleet expansion strategies [14]. Operational and Financial Highlights Fourth Quarter 2025 Results - The company achieved revenues of $10.6 million in Q4 2025, up from $9.4 million in Q4 2024, with a daily Time Charter Equivalent (TCE) rate increase of 24% to $19,469 [4][9]. - Fleet operational utilization improved to 93.5% in Q4 2025 from 90.2% in Q4 2024, attributed to fewer idle days [4][9]. - Net income for Q4 2025 was $5.2 million, with an EBITDA of $6.7 million and earnings per share (EPS) of $5.82, compared to a loss of $51.51 per share in Q4 2024 [4][9][14]. - The company maintained a cash balance of $14.9 million as of December 31, 2025, despite significant capital expenditures [4][14]. Twelve Months 2025 Results - Total voyage revenues for 2025 were $34.8 million, down from $42.3 million in 2024, primarily due to increased idle days and drydocking of the Aframax tanker [9][10]. - Net income for the year was $10.5 million, a 481% increase from 2024, with EBITDA rising 244% to $17 million [14]. - The average number of vessels owned increased to 4.0 in 2025 from 3.6 in 2024, contributing to operational efficiency [11][14]. - The company reported a significant decrease in interest and finance costs from $2.5 million in 2024 to $0.4 million in 2025, reflecting the repayment of previous loans [13][14]. Fleet and Market Position - C3is Inc. operates a fleet of four vessels, including three Handysize dry bulk carriers and one Aframax tanker, with a total capacity of 213,464 deadweight tons (dwt) [18]. - The company has agreements to acquire two additional product tankers, which will expand fleet capacity by 387% from inception [16][18]. - The operational strategy focuses on capitalizing on strong market fundamentals, including elevated freight rates and resilient oil demand, with expectations for continued growth in global seaborne trade [15][16].

Safe Bulkers, Inc. Q4 2025 Earnings Call Summary - Moby Strategic Positioning and Operational Context Performance was driven by a slightly improved charter market environment in Q4 2025 compared to the prior year, resulting in higher charter hires. Management attributes their competitive advantage to a high-quality fleet, noting that 80% of their vessels are Japanese-built compared to a 40% global average. The company maintains a deliberate balance between spot market exposure and time charters to c ...

Performance was driven by the second-highest fourth-quarter spot tanker rates in 15 years, enabled by high spot exposure and a significantly lowered free cash flow breakeven of $11,300 per day. Stricter enforcement of sanctions against Russia, Iran, and Venezuela has created trading inefficiencies that benefit the compliant fleet by shifting volumes away from the 'dark fleet'. The U.S. naval blockade of Venezuela has redirected approximately 550,000 barrels per day from long-haul China routes to short ...

Core Viewpoint - EuroHoldings Ltd. will release its financial results for the fourth quarter ended December 31, 2025, on February 24, 2026, after market closes in New York [1] Group 1: Financial Results Announcement - The financial results will be discussed in a conference call and webcast on February 25, 2026, at 9:00 a.m. Eastern Time [2] - Participants can join the call by dialing in 10 minutes before the scheduled time using specific numbers [3] - An audio webcast of the conference call will be available live and archived on the company's website [5] Group 2: Company Overview - EuroHoldings Ltd. was incorporated on March 20, 2024, as a holding company for vessel-owning subsidiaries of Euroseas Ltd. [7] - The company began trading on NASDAQ Capital Market under the ticker EHLD on March 18, 2025 [7] - EuroHoldings operates a fleet of three vessels with a total carrying capacity of 90,879 dwt, including two feeder containerships and one product tanker [8]