Okeanis Eco Tankers Corp. – Unaudited Condensed Financial Statements for the Second Quarter and Six-Month Period of 2025

ATHENS, Greece, Aug. 12, 2025 (GLOBE NEWSWIRE) -- 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; VLCC and Suezmax TCE rates of $49,800 and $51,400 per operating day, respectively, in Q2 2025.

Daily vessel operating expenses ("Daily Opex", a non-IFRS measure*) of $9,963 per calendar day, including management fees, in Q2 2025.

In Q3 2025 to date, 77% of the available VLCC spot days have been booked at an average TCE rate of $44,200 per day and 61% of the available Suezmax spot days have been booked at an average TCE ...