Company Reports Q4 Revenue of $10.6M for 2025
Reports Q4 revenue $10.6M vs. $9.4M last year. CEO Dr. Diamantis Andriotis commented: "During the year ended December 2025, our Company delivered strong financial results, reporting a Net Income of $10.5M - an increase of 481% from 2024, and an EBITDA of $17M - an increase of 244% from 2024, a result of our fleet expansion strategy and operational efficiency. We ended the year with $14.9M in cash, despite repaying the remaining $15.1M balance on the Eco Spitfire. In August 2025, we successfully completed the dry-docking of our Aframax tanker, the Afrapearl II. Our strong liquidity and fully unencumbered fleet further reinforce our balance sheet strength. While geopolitical developments and climate-related disruptions continue to create volatility, elevated freight rates, resilient oil demand and shifting trade patterns support a constructive market outlook. Global seaborne trade is expected to grow further, driven by population growth, geopolitics, sanctions and steady biofuel demand, pointing to another firm year in 2026. With the announced acquisition of two product tankers, scheduled for delivery between the first and third quarters of 2026, we are positioning the Company for its next phase of growth. These additions will expand our fleet capacity by 387% from inception, enabling us to fully capitalize on the strong market fundamentals ahead."
