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Sep 30, 2025
Okeanis Eco Tankers Corp Q3 2025 Earnings Report
Okeanis Eco Tankers Corp. reported its unaudited condensed financial results for the third quarter of 2025, showing increased revenues and profit compared to the same period last year.
Key Takeaways
Okeanis Eco Tankers Corp. delivered a strong third quarter in 2025, with revenues climbing to $90.6 million and profit reaching $24.1 million, demonstrating significant growth over the previous year's third quarter. The company also reported an adjusted EBITDA of $45.2 million and a fleetwide daily TCE rate of $46,600.
Revenues for Q3 2025 increased to $90.6 million, up from $84.9 million in Q3 2024.
Profit for Q3 2025 rose to $24.1 million, compared to $14.5 million in Q3 2024.
Earnings per share for Q3 2025 were $0.75, an increase from $0.45 in Q3 2024.
The company declared a dividend of $0.75 per common share for Q3 2025.
Forward Guidance
Okeanis Eco Tankers Corp. anticipates strong performance in Q4 2025, with a significant portion of its VLCC and Suezmax spot days already booked at favorable TCE rates.
Positive Outlook
- 80% of available VLCC spot days in Q4 2025 booked at an average TCE rate of $88,100 per day.
- 48% of available Suezmax spot days in Q4 2025 booked at an average TCE rate of $60,800 per day.
- Strong booking rates indicate robust demand for tanker services.
- High TCE rates for Q4 2025 suggest improved profitability.
- Continued focus on modern scrubber-fitted fleet positions the company well for future market conditions.
Challenges Ahead
- No specific negative forward guidance was provided in the report.
- General market risks associated with the shipping industry, including charter rates and vessel values.
- Potential impacts from broader market events such as war or international hostilities.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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