Core Viewpoint - Icon Energy Corp. has reported significant growth in earnings and vessel employment, driven by a strong charter market and an expanding fleet [1][6]. Vessel Employment Updates - In December 2025, the time charter for the M/V Alfa was extended with an international commodity trading conglomerate for an indefinite period, with a minimum notice period of three months, ensuring continued utilization and earnings linked to the Baltic Panamax Index [2][3]. Fleet Overview - The fleet consists of several dry bulk vessels, including the M/V Alfa, M/V Bravo, and M/V Charlie, all under index-linked time charters with flexible expiration terms [3][4]. Market Commentary - All vessels are currently employed on time charters, benefiting from the strengthening charter market in 2025, which has positively impacted earnings [4][5]. Earnings Performance - The average gross hire rate for vessels in Q3 2025 was approximately $15,450 per day, reflecting a 41% increase from the previous quarter and a 21% increase from Q3 2024 [5][6]. - Revenues for Q3 2025 reached $4.2 million, more than double the $2.0 million from the preceding quarter and nearly five times the $0.9 million from Q3 2024 [6]. Current Quarter Performance - In Q4 2025, vessels have been earning an average gross hire rate of approximately $15,750 per day, with positive market sentiment and healthy supply-demand fundamentals expected to continue into 2026 [7].

Core Viewpoint - Icon Energy Corp. has successfully sold 132,144 shares under the Standby Equity Purchase Agreement (SEPA) at an average price of $1.86 per share, indicating a strategic move to raise capital for growth opportunities [1][2][3] Group 1: SEPA Details - Icon entered into the SEPA with an investor on August 27, 2025, allowing the company to issue up to $20 million worth of common shares over three years [2] - The SEPA provides Icon with a flexible and efficient source of capital, enabling the company to pursue growth opportunities and support strategic initiatives [3] Group 2: Company Overview - Icon Energy Corp. is an international shipping company that specializes in worldwide seaborne transportation services for dry bulk cargoes through its fleet of oceangoing vessels [3] - The company is headquartered in Athens, Greece, and its common shares are traded on the Nasdaq Capital Market under the symbol "ICON" [3]

TABLE OF CONTENTS As filed with the U.S. Securities and Exchange Commission on September 12, 2025. Registration No. 333- UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Icon Energy Corp. (Exact name of Registrant as specified in its charter) Republic of the Marshall Islands (State or other jurisdiction of incorporation or organization) 4412 (Primary Standard Industrial Classification Code Number) N/A (I.R.S. Employer Id ...

Core Viewpoint - Icon Energy Corp. reported its financial results for the year ended December 31, 2024, highlighting a revenue increase but a net loss, alongside the declaration of a cash dividend of $0.07 per common share [1][3][24]. Financial Highlights - Revenue for 2024 was $5.3 million, a 19% increase from $4.5 million in 2023 [7][8]. - Operating profit decreased to $0.2 million from $1.1 million in 2023 [8][9]. - The company reported a net loss of $0.2 million compared to a net income of $1.2 million in 2023 [8][11]. - EBITDA for 2024 was $1.8 million, down from $2.1 million in 2023 [8][11]. Operational Highlights - The fleet expanded with the delivery of the Kamsarmax dry bulk carrier, M/V Bravo, which began an 11- to 14-month charter [5][15]. - The average number of vessels increased to 1.3 in 2024 from 1.0 in 2023 [12]. - Vessel utilization remained at 100% for both years [12]. Cash Dividend - A cash dividend of $0.07 per common share was declared for the fourth quarter of 2024, payable on or around May 30, 2025 [3][24]. Nasdaq Compliance - The company regained compliance with Nasdaq Listing Rule 5550(a)(2) after the closing bid price of its common shares remained at $1.00 or greater for ten consecutive trading days [4][20]. Key Events - Icon completed an initial public offering in July 2024, raising $5.0 million [15]. - A new term loan facility of $91.5 million was established, with $16.5 million drawn for vessel acquisitions [5][17]. - A public offering in January 2025 generated gross proceeds of approximately $12.0 million [19]. Fleet Employment and Operational Data - Ownership Days increased to 465.8 in 2024 from 365.0 in 2023 due to the addition of the M/V Bravo [12]. - Minimum Contracted Revenue expected from current contracts is $4.1 million [14]. Recent Developments - An agreement was made to charter-in a new vessel, M/V Charlie, with an option to purchase, expected to be delivered between May and August 2025 [21][22].

Core Viewpoint - Icon Energy Corp. has entered into a definitive agreement to charter-in a modern dry bulk carrier, the M/V Charlie, which is expected to enhance its operational capacity and revenue generation capabilities [1][4]. Group 1: Agreement Details - Icon has signed a bareboat charter-in agreement for a 2020-built, scrubber-fitted, Eco, Ultramax dry bulk carrier with a carrying capacity of 63,668 dwt [1]. - The company has made an advance payment of $2.75 million and will pay an additional $2.75 million upon delivery, followed by a hire rate of $7,500 per day over a three-year charter period [2]. - At the end of the charter period, Icon has the option to purchase the vessel for $18.0 million [2]. Group 2: Charter Employment - Icon has secured a time charter for the M/V Charlie with a reputable dry bulk operator for a period of 9 to 12 months, with a floating daily hire rate linked to the Baltic Supramax Index [3]. - In addition to the daily hire rate, Icon will receive part of the fuel cost savings realized by the charterer through the vessel's scrubber [3]. Group 3: Strategic Implications - The addition of the M/V Charlie is expected to expand Icon's operational capacity and strengthen its ability to serve customers [4]. - The vessel is anticipated to commence generating revenue immediately upon delivery, leveraging existing industry relationships [4].