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 - Okeanis Eco Tankers Corp. has successfully priced an offering of 3,611,111 new shares at USD 36.00 per share, raising approximately USD 130 million for vessel acquisitions and general corporate purposes [1][2]. Group 1: Offering Details - The offering consists of 3,611,111 new shares priced at USD 36.00 each, raising gross proceeds of about USD 130 million [1]. - The net proceeds will be partially used for acquiring two newbuilding Suezmax vessels, each priced at USD 99.3 million, currently under construction [2]. - The vessels are expected to be delivered in the second quarter of 2026, contingent upon obtaining necessary debt financing [2]. Group 2: Allocation and Trading - Notification of allocation is expected on January 21, 2026, around 13:00 CET [3]. - The offering is anticipated to be completed by January 23, 2026, with shares available for trading on the New York Stock Exchange post-settlement [4]. Group 3: Compliance and Registration - The offering complies with the equal treatment obligations under the Norwegian Securities Trading Act [5]. - It is made pursuant to the Company's shelf registration statement declared effective by the SEC on May 21, 2025 [6]. Group 4: Company Overview - Okeanis Eco Tankers Corp. is a leading international tanker company providing seaborne transportation of crude oil and refined products, incorporated in 2018 and listed on both the Oslo Stock Exchange and the New York Stock Exchange [12].

Market Overview - The market for suezmax vessels is currently strong due to a scarcity of vessels, leading to high charter rates [1] - Recent fixtures include a 40-day charter at approximately $52,000 per day, a 33-day charter at about $78,000 per day, and a 50-day voyage at around $95,000 per day [1] Operating Costs and Focus Areas - The operating costs for the company's ships are approximately $9,000 per day [2] - Venezuela is highlighted as a key area of interest due to its significant oil reserves, estimated to be about 17% of the world's total [2]

Core Viewpoint - Okeanis Eco Tankers Corp. has successfully priced an offering of 3,239,436 new shares at USD 35.50 per share, raising gross proceeds of approximately USD 115 million, driven by strong demand [1][2]. Group 1: Offering Details - The net proceeds from the offering will be partially used for the acquisition of two newbuilding Suezmax vessels, each priced at USD 97 million, currently under construction in South Korea [2]. - The offering is expected to be completed by November 21, 2025, with shares available for trading on the New York Stock Exchange after settlement [3]. - The offering complies with the equal treatment obligations under the Norwegian Securities Trading Act [4]. Group 2: Regulatory and Advisory Information - The offering is made pursuant to the Company's shelf registration statement declared effective by the SEC on May 21, 2025, and will be conducted via a prospectus supplement [5]. - Fearnley Securities AS and Clarksons Securities AS are acting as joint bookrunners for the offering [7]. Group 3: Company Overview - Okeanis Eco Tankers Corp. is a leading international tanker company specializing in the transportation of crude oil and refined products, with a fleet that includes six Suezmax tankers and eight VLCC tankers [11].