ATHENS, GREECE, August 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
second quarter and six-month period of 2025, which are attached to this press
release.
Financial performance of the Second Quarter Ended June 30, 2025
Revenues of $93.9 million in Q2 2025, compared to $112.0 million in Q2 2024.
Profit of $26.9 million in Q2 2025, compared to $39.6 million in Q2 2024.
Vessel operating expenses of $11.5 million in Q2 2025, compared to $10.8
million in Q2 2024.
Earnings per share of $0.84 in Q2 2025, compared to $1.23 in Q2 2024.
Cash (including restricted cash) of $65.3 million as of June 30, 2025,
compared to $98.1 million as of June 30, 2024.
Financial performance of the Six Months Ended June 30, 2025
Revenues of $174.1 million in 6M 2025, compared to $223.1 million in 6M 2024.
Profit of $39.4 million in 6M 2025, compared to $81.1 million in 6M 2024.
Vessel operating expenses of $22.0 million in 6M 2025, compared to $21.4
million in 6M 2024.
Earnings per share of $1.23 in 6M 2025, compared to $2.52 in 6M 2024.
Alternative performance metrics and market development
Time charter equivalent ("TCE", a non-IFRS measure*) revenue of $64.0 million
in Q2 2025.
EBITDA and Adjusted EBITDA (each non-IFRS measures*) of $48.5 million and
$47.3 million, respectively, in Q2 2025.
Adjusted profit* and Adjusted earnings per share* (each non-IFRS measures*) of
$26.7 million or $0.83 per basic and diluted share in Q2 2025.
Fleetwide daily TCE rate* of $50,500 per operating day in Q2 2025