Q4 2025 Okeanis Eco Tankers Corp Earnings Call Transcript
Key Points
- Okeanis Eco Tankers Corp (ECO) achieved a fleet-wide time charter equivalent of about $77,000 per vessel per day, with VLCCs at $92,000 and Suezmaxes at $53,000.
- The company reported an adjusted EBITDA of $79 million and an adjusted net profit of $60 million for the fourth quarter of 2025.
- Okeanis Eco Tankers Corp (ECO) declared a dividend of $1.55 per share, marking the fifteenth consecutive quarter of distributions.
- The company successfully raised $245 million in gross proceeds through equity transactions, acquiring four recent Suezmax vessels.
- Okeanis Eco Tankers Corp (ECO) has distributed over two times its initial market cap in dividends since its IPO, demonstrating a strong commitment to shareholder value.
- The company's NAV premium has somewhat compressed despite the strong market fundamentals.
- Okeanis Eco Tankers Corp (ECO) has a significant balance sheet debt of $605 million, with an additional $90 million drawn for new acquisitions.
- The company faced penalties due to dry docking two Suezmax vessels in China, impacting freight rates and repositioning costs.
- There is uncertainty regarding the impact of Sinokor's consolidation in the VLCC market, which could affect market dynamics.
- The company has no current plans for additional opportunistic transactions, which may limit growth opportunities in the near term.
Welcome to OETâs fourth quarter 2025 financial results presentation. We will begin shortly. Aristidis Alafouzos, CEO, and Iraklis Sbarounis, CFO of Okeanis Eco Tankers, will take you through the presentation. They will be pleased to address any questions raised at the end of the call. Matters that are forward-looking in nature will be discussed, and actual results may differ from the expectations reflected in such forward-looking statements. Please read through the relevant disclaimer on slide 2. I would like to advise you that this session is being recorded. Aristidis will begin the presentation now.
Thank you. Since August of last year, the large crude tanker market entered the freight cycle that weâve been waiting for and prepared for all these years. This is a unique opportunity to have exposure to a fleet that is on the water and able to capitalize today. For a shipping investor, on-the-water exposal, exposure is critical in the current circumstances.
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