ATHENS, GREECE, November 12, 2025 - Okeanis Eco Tankers Corp. (together with its
subsidiaries, unless context otherwise dictates, "OET" or the "Company") (NYSE:
ECO, OSE: OET) today reported its unaudited condensed financial results for the
third quarter and nine-month period of 2025, which are attached to this press
release.
Financial performance of the Third Quarter Ended September 30, 2025
o Revenues of $90.6 million in Q3 2025, compared to $84.9 million in Q3 2024.
o Profit of $24.1 million in Q3 2025, compared to $14.5 million in Q3 2024.
o Vessel operating expenses of $11.7 million in Q3 2025, compared to $11.5
million in Q3 2024.
o Earnings per share of $0.75 in Q3 2025, compared to $0.45 in Q3 2024.
o Cash (including restricted cash) of $58.2 million as of September 30, 2025,
compared to $56.0 million as of September 30, 2024.
Financial performance of the Nine Months Ended September 30, 2025
o Revenues of $264.7 million in 9M 2025, compared to $308.0 million in 9M 2024.
o Profit of $63.5 million in 9M 2025, compared to $95.7 million in 9M 2024.
o Vessel operating expenses of $33.8 million in 9M 2025, compared to $32.9
million in 9M 2024.
o Earnings per share of $1.97 in 9M 2025, compared to $2.97 in 9M 2024.
Alternative performance metrics and market development
o Time charter equivalent* ("TCE", a non-IFRS measure*) revenue of $59.9
million in Q3 2025.
o EBITDA* and Adjusted EBITDA* (each non-IFRS measures*) of $44.9 million and
$45.2 million, respectively, in Q3 2025.
o Adjusted profit* and Adjusted earnings per share* (each non-IFRS measures*)
of $24.7 million or $0.77 per basic and diluted share in Q3 2025.
o Fleetwide daily TCE rate* of $46,600 per operating day in Q3 2025