ATHENS, Greece, Nov. 13, 2025 (GLOBE NEWSWIRE) -- C3is Inc. (Nasdaq: CISS) (the “Company”), a ship-owning company providing seaborne transportation services, announced today that it will release its third quarter financial results for the period ended September 30, 2025 before the market opens in New York on November 18, 2025. On November 18, 2025 at 10:00 am ET, the company’s management will host a conference call to present the results and the company’s operations and outlook. Slides and audio webcast: Th ...

Core Insights - United Maritime Corporation declared a quarterly cash dividend of $0.09 per share for Q3 2025, marking the 12th consecutive quarterly distribution, with total cash dividends of $1.74 per share since the capital return program began in November 2022 [4][11] - The company reported a net income of $1.1 million for Q3 2025, compared to a net loss of $0.9 million in Q3 2024, indicating a positive turnaround in profitability [3][7] - United made a strategic investment of $0.5 million in an AI-driven maritime technology platform aimed at optimizing ship management operations, reflecting the company's commitment to digital transformation [5][45] Financial Performance - For Q3 2025, net revenues were $11.0 million, down from $11.6 million in Q3 2024, while for the nine-month period, revenues decreased to $31.2 million from $34.6 million [3][8] - Adjusted net income for Q3 2025 was $1.6 million, compared to an adjusted net loss of $0.3 million in Q3 2024, showing significant improvement [3][26] - EBITDA for Q3 2025 was reported at $4.9 million, slightly up from $4.6 million in Q3 2024, while adjusted EBITDA was $5.4 million compared to $5.2 million in the same period [3][24] Operational Developments - The company completed the sale of two older Capesize vessels, generating approximately $18.8 million in liquidity after debt repayment, which bolstered cash reserves [4][14] - United increased its investment in an offshore energy construction vessel project to approximately $12.8 million, becoming the largest individual shareholder, indicating a strategic focus on high-potential segments [4][15] - The fleet's Time Charter Equivalent (TCE) rate for Q3 2025 was $15,093 per day, down from $16,365 in Q3 2024, reflecting changes in fleet composition following the divestment of older vessels [7][12] Shareholder Returns - The company repurchased approximately $0.2 million worth of shares during Q3 2025, demonstrating confidence in its future prospects [4][32] - The declared dividend of $0.09 per share represents an annual yield of approximately 9% based on recent trading levels, reinforcing the company's commitment to returning capital to shareholders [11][31] Market Outlook - The dry bulk market, particularly the Panamax segment, remains firm, supported by strong coal and grain flows, with expectations of continued strength into Q1 2026 [17] - The company anticipates an overall TCE of approximately $15,040 for Q4 2025, based on fixed and index-linked charters, indicating a positive outlook for the upcoming quarter [29][30]

Company Overview - United Maritime Corporation is an international shipping company specializing in worldwide seaborne transportation services [2] - The company operates a fleet of five dry bulk vessels, including two Kamsarmax and three Panamax vessels, with a total cargo carrying capacity of 396,297 dwt [2] - United Maritime Corporation is incorporated under the laws of the Republic of the Marshall Islands and has executive offices located in Glyfada, Greece [2] Financial Information - The company will release its financial results for the third quarter and nine months ended September 30, 2025, prior to the market opening in New York on November 11, 2025 [1]

Core Points - United Maritime Corporation has completed the divestment of its oldest Capesize vessel, M/V Goodship, as part of its long-term fleet renewal plan [1][4] - The sale of M/V Goodship, a 177,536 dwt vessel built in 2005, was finalized on September 16, 2025, for a net sale price of approximately $15.4 million, generating net cash proceeds of about $8.2 million after debt repayment [2][3] - The average age of United's fleet has been reduced by approximately 3 years to 12.7 years following this transaction, enhancing the competitiveness of its fleet [4] Financial Impact - The sale is expected to contribute an accounting profit of approximately $0.6 million, which will be reflected in the third quarter financial results [2][3] - United Maritime Corporation now holds cash reserves exceeding $20.0 million, equating to $2.20 per share, providing the company with significant capital for future investments and fleet growth [5] Strategic Direction - The divestment of M/V Goodship follows previous sales of older vessels, including M/V Gloriuship and M/V Tradership, marking a strategic exit from the ownership of older dry bulk vessels [4] - The company aims to strengthen its liquidity position while improving the overall age profile of its fleet, aligning with its effective fleet management strategy [3][4]

Table of Contents As filed with the Securities and Exchange Commission on September 3, 2025. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 C3IS INC. (Exact name of registrant as specified in its charter) Republic of the Marshall Islands 4412 N/A (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) 331 Kifissias Avenue Kifissia 14561 ...

Company Announcement - C3is Inc. will release its second quarter financial results for the period ended June 30, 2025, before the market opens in New York on September 2, 2025 [1] - A conference call will be hosted by the company's management on September 2, 2025, at 10:00 am ET to present the results and discuss the company's operations and outlook [1] Webcast Information - There will be a live and archived webcast of the conference call available on the C3is Inc. website [2] - Participants are advised to register approximately 10 minutes prior to the start of the webcast, which will be in listen-only mode [2] Company Overview - C3is Inc. is a ship-owning company that provides seaborne transportation services to dry bulk and tanker charterers, including major national and private industrial users, commodity producers, and traders [3] - As of the end of Q2 2025, the company owned three Handysize dry bulk carriers and one Aframax oil tanker, with a total capacity of 213,464 deadweight tons (dwt) [3] - C3is Inc.'s shares are listed on the Nasdaq Capital Market under the symbol "CISS" [3]

Financial Performance - For Q1 2025, the company reported net revenues of $7.8 million, a decrease from $10.6 million in Q1 2024, representing a decline of approximately 26.4% [7] - The net loss for Q1 2025 was $4.5 million, compared to a net loss of $1.3 million in Q1 2024, indicating a significant increase in losses [7][9] - Adjusted EBITDA for Q1 2025 was $0.9 million, down from $3.7 million in Q1 2024, reflecting a decrease of about 75.7% [7][9] - The Time Charter Equivalent (TCE) rate for the fleet in Q1 2025 was $9,953 per day, compared to $15,165 in Q1 2024, showing a decline of approximately 34.1% [7][16] Dividend and Shareholder Returns - The company declared a quarterly cash dividend of $0.01 per share for Q1 2025, marking the tenth consecutive quarterly distribution [5][6] - Since initiating its capital return program in November 2022, the company has declared total cash dividends of $1.62 per share, amounting to $12.9 million in aggregate distributions [6] Strategic Developments - The company increased its equity stake in the Energy Construction Vessel (ECV) joint venture to approximately 30%, aiming to diversify earnings and risk exposure [6][12] - The company anticipates concluding the sale of the M/V Gloriuship, its oldest vessel, within Q2 2025, which is currently employed at a daily rate above current market levels [10][11] Market Outlook - The first quarter of 2025 was impacted by a seasonal slowdown in coal and iron ore trade, consistent with typical cyclical patterns [13] - Despite the weaker performance in Q1, the company remains optimistic about the medium and long-term outlook for the dry bulk sector, supported by limited fleet growth and continued demand for key commodities [13][14] - The company has secured approximately 79% of its second quarter days at an average rate of $16,835, with an expected TCE for the full quarter of approximately $15,653 [11][27]

Company Overview - C3is Inc. is a ship-owning company that provides seaborne transportation services to dry bulk and tanker charterers, including major national and private industrial users, commodity producers, and traders [3] - As of the end of Q1 2025, the company owns three Handysize dry bulk carriers and one Aframax oil tanker, with a total capacity of 213,464 deadweight tons (dwt) [3] - The company's shares are listed on the Nasdaq Capital Market under the symbol "CISS" [3] Upcoming Financial Results - C3is Inc. will release its first quarter financial results for the period ended March 31, 2025, before the market opens in New York on May 15, 2025 [1] - A conference call will be hosted by the company's management on May 15, 2025, at 10:00 am ET to present the results and discuss the company's operations and outlook [1] - There will be a live and archived webcast of the conference call available on the C3is Inc. website [2]

Core Viewpoint - C3is Inc. is set to release its fourth quarter and full year financial results for the period ended December 31, 2024, on March 11, 2025, with a conference call scheduled to discuss the results and company outlook [1]. Group 1: Financial Results Announcement - The financial results will be announced after the market opens in New York on March 11, 2025 [1]. - A conference call will be hosted by the company's management at 10:00 am ET on the same day to present the results and discuss operations and outlook [1]. Group 2: Webcast Information - There will be a live and archived webcast of the conference call available on the C3is Inc. website [2]. - Participants are advised to register approximately 10 minutes prior to the start of the webcast, which will be in listen-only mode [2]. Group 3: Company Overview - C3is Inc. is a ship-owning company that provides seaborne transportation services to dry bulk and tanker charterers, serving major national and private industrial users, commodity producers, and traders [3]. - As of the end of Q4 2024, the company owned three Handysize dry bulk carriers and one Aframax oil tanker, with a total capacity of 213,464 deadweight tons (dwt) [3]. - The company's shares are listed on the Nasdaq Capital Market under the symbol "CISS" [3].

Table of Contents As filed with the U.S. Securities and Exchange Commission on January 8, 2024 Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 C3is Inc. (Exact name of registrant as specified in its charter) Republic of the Marshall Islands 4412 N/A (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) 331 Kifissias Avenue Erithrea 145 ...