IMPP News & Events

Reports revenue of $51.1M vs. $26.2M last year. Fleet operational utilization of 91.8% for Q4 25' compared to 88.7% in Q3 25', representing the best quarterly performance in 2025. In Q4 24' the fleet operational utilization was 86.0%. Fleet operational utilization for Q4 25' was 90.4% for our drybulk fleet and 93.4% for the tanker fleet. Reduction of idle days in Q4 25' by 24.3% compared to Q3 25'. About 71% of total fleet calendar days in Q4 25' were dedicated to time charter activity while 29% to spot activity. CEO Harry Vafias commented, "With Net Income generation of $50 million - 2025 was yet another profitable year for Imperial Petroleum. Markets for both tanker and drybulk carriers were firm particularly in the second half of 2025 thus assisting our performance which was also leveraged by our dynamic fleet expansion. Within 2026 we will take delivery of another six vessels hence we will enjoy a fleet on the water of 26 high quality ships without any bank debt. We delivered our commitment for a fast fleet expansion while having today cash of about $198 million. Our key concern is the geopolitical tension in the Middle East which we deem as critical and has caused global concerns. It remains to be seen for how long the shipping market, especially the tanker segment, will be affected and to what extent and of course we hope that the duration of this unfortunate geopolitical turn will be as brief as possible."

Imperial Petroleum announced that its Board of Directors has approved a share repurchase program and authorized the officers of the Company to repurchase, from time to time, up to $10,000,000 of the Company's common stock. Shares may be purchased in open market or privately negotiated transactions, at times and prices that are considered to be appropriate by the Company, and the program may be suspended or discontinued at any time.

Imperial Petroleum announced that at September 30, pro forma for the company's registered equity offering completed on December 1, the company's management estimates Imperial Petroleum's Net Asset Value to be $508.03M. This translates to a NAV of $11.38 per common share currently outstanding and $9.21 per common share on a fully diluted basis, following the equity offering. As of the date hereof, the Company's largest stockholder, CEO and Chairman, Harry Vafias, directly and indirectly, beneficially owns 13.45M shares, or 30.1 %, of the outstanding Common Stock, and 200,209 shares, or 25.2%, of the outstanding Series A Cumulative Redeemable Perpetual Preferred Stock, and has not sold a single share since the company's inception.

Reports Q3 revenue $41.4M vs. $33M last year. Fleet operational utilization of 88.7%. CEO Harry Vafias Commented, "The full integration of our recently delivered seven drybulk vessels, increasing our fleet to 19 ships and soon to 22 ships, enhanced within Q3 25 our income and profitability stemming from core operations. Market rates for both tanker and drybulk markets are solid and this seems likely to hold in the upcoming quarters. With our debt free balance sheet, our cash base that is currently about $172M and our focus on quality built Japanese and Korean ships, we aim for an even better performance in the fourth quarter of 2025."