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12/17 06:57
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Profit for Q2 2025 $12.8 million, corresponding to an earnings per share of $0.36. This represents a 13% increase in profitability compared to Q1 2025, attributed to increased tanker time charter coverage and improved performance of product tankers.
Fleet Book Value $350 million, marking a 55% increase compared to the previous quarter, driven by the delivery of 7 drybulk ships.
Cash and Cash Equivalents $212.2 million as of the end of the first half of 2025, reflecting high liquidity and robust cash flow generation.
Revenue for Q2 2025 $36.3 million, a 22.8% decline compared to Q2 2024, due to lower market rates and reduced average daily spot and time charter rates for product tankers.
Voyage Costs for Q2 2025 $10.7 million, a $6.4 million decrease compared to Q2 2024, attributed to increased time charter activity and lower bunker costs.
Running Costs for Q2 2025 $8.4 million, an increase of $1.9 million year-over-year, due to the fleet expansion by an average of 3.8 vessels.
EBITDA for Q2 2025 $17.1 million, reflecting the company's profitability despite lower market rates.
Operating Cash Flow for H1 2025 $42 million, demonstrating strong cash flow generation.
Net Income for H1 2025 $24.1 million, corresponding to an EPS of $0.67, showcasing the company's profitability.
