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Okeanis Eco Tankers Corp. – Unaudited Condensed Financial Statements for the Third Quarter and Nine-Month Period of 2025

ECO
  • Okeanis Eco Tankers Corp. reported Q3 2025 revenues of $90.6 million & a profit of $24.1 million, compared to $84.9 million & $14.5 million in Q3 2024 respectively.
  • Earnings per share for Q3 2025 were $0.75, up from $0.45 in the prior year period.
  • Cash & restricted cash totaled $58.2 million as of September 30, 2025.
  • For the nine months ended September 30, 2025, revenues were $264.7 million & profit was $63.5 million, down from $308.0 million & $95.7 million in the same period of 2024.
  • Nine-month earnings per share were $1.97, a decrease from $2.97 in the prior year.
  • Q3 2025 Time Charter Equivalent (TCE) revenue was $59.9 million, with fleetwide daily TCE rates averaging $46,600 per operating day.
  • EBITDA & Adjusted EBITDA for Q3 2025 were $44.9 million & $45.2 million respectively.
  • Adjusted profit for Q3 2025 was $24.7 million, or $0.77 per share.
  • Daily vessel operating expenses for Q3 2025 were $10,014 per calendar day.
  • In Q4 2025 to date, 80% of VLCC spot days were booked at an average TCE rate of $88,100 per day, while 48% of Suezmax spot days were booked at $60,800 per day.
  • The board declared a Q3 2025 dividend of $0.75 per common share, payable on December 11, 2025, to shareholders of record as of December 2, 2025.
  • OET will host a conference call & webcast at 13:30 CET on November 13, 2025, to discuss the results.