Okeanis Eco Tankers Corp. Reports Financial Results for the Fourth Quarter and Twelve-Month Period of 2025

ATHENS, Greece, Feb. 18, 2026 (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 fourth quarter and twelve-month period of 2025, which are attached to this press release.

Financial performance of the Fourth Quarter Ended December 31, 2025

• Revenues of $126.9 million in Q4 2025, compared to $85.2 million in Q4 2024.
• Profit of $59.5 million in Q4 2025, compared to $13.2 million in Q4 2024.
• Vessel operating expenses of $11.5 million in Q4 2025, compared to $9.6 million in Q4 2024.
• Earnings per share of $1.76 in Q4 2025 (based on a weighted average number of shares of 33,708,192 for the period), compared to $0.41 in Q4 2024.
• Cash (including restricted cash) of $122.5 million as of December 31, 2025, compared to $54.3 million as of December 31, 2024.
  

Financial performance of the Twelve Months Ended December 31, 2025

• Revenues of $391.5 million in 12M 2025, compared to $393.2 million in 12M 2024.
• Profit of $123.0 million in 12M 2025, compared to $108.9 million in 12M 2024.
• Vessel operating expenses of $45.2 million in 12M 2025, compared to $42.4 million in 12M 2024.
• Earnings per share of $3.77 in 12M 2025 (based on a weighted average number of shares of 32,575,740 for the period), compared to $3.38 in 12M 2024.

Alternative performance metrics and market development

• Time charter equivalent* (“TCE”, a non-IFRS measure*) revenue of $92.9 million in Q4 2025.
• EBITDA* and Adjusted EBITDA* (each, a non-IFRS measure*) of $79.3 million and $79.0 million, respectively, in Q4 2025.
• Adjusted profit* and Adjusted earnings per share* (each, a non-IFRS measure*) of $59.9 million or $1.78 per basic and diluted share in Q4 2025.
• Fleetwide daily TCE rate* of $76,700 per operating day in Q4 2025; VLCC and Suezmax TCE rates of $92,000 and $53,100 per operating day, respectively, in Q4 2025.
• Daily vessel operating expenses* (“Daily Opex”, a non-IFRS measure*) of $9,794 per calendar day, including management fees, in Q4 2025.
• In Q1 2026 to date, 67% of the available VLCC spot days have been booked at an average TCE rate of $104,200 per day and 64% of the available Suezmax spot days have been booked at an average TCE rate of $84,600 per day.

Declaration of Q4 2025 dividend