C3is Inc (NAS:CISS)
$ 1.79 +0.090 (+5.29%) Market Cap: 2.65 Mil Enterprise Value: -24.59 Mil PE Ratio: 0 PB Ratio: 0.01 GF Score: 35/100

Q3 2025 C3is Inc Earnings Call Transcript

Nov 18, 2025 / 03:00 PM GMT
Release Date Price: $235.2

Key Points

Positve
  • C3is Inc (CISS) achieved a net income of $5.26 million for the first nine months of 2025, compared to a net loss of $3 million in the same period of 2024, marking a 281% increase.
  • The company reported an EBITDA of $10 million, up from $3 million in 2024, representing a 245% increase.
  • C3is Inc (CISS) successfully settled the final outstanding balance of $14.6 million on the Echo Spitfire, enhancing financial flexibility.
  • The company has no bank debts, which significantly enhances its financial flexibility and reduces financial risk.
  • C3is Inc (CISS) maintains a high-quality fleet, which reduces operating costs and provides a competitive advantage in securing favorable charters.
Negative
  • Voyage revenues decreased by 24% compared to the same period in 2024 due to the dry docking of a high-earning vessel.
  • The time charter equivalent rates of the vessels dropped by 40%, impacting overall revenue.
  • The cash balance decreased by 48% from the end of 2024, primarily due to the settlement of the Eco Spitfire purchase.
  • Global oil consumption rose only modestly in Q3, with speculations of an oil supply surplus next year, potentially affecting future earnings.
  • Geopolitical uncertainties, including US-China trade tensions and regional conflicts, continue to pose risks to market stability and operations.


Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CISS.OQ - C3is Inc
Q3 2025 C3is Inc Earnings Call
Nov 18, 2025 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning everyone and welcome to our C3AES 3rd quarter of 2025 earnings conference call and webcast. This is Doctor Diamatis Andrioti of the company. Joining me on the call today is our CFO Nina Pinia.

Before we commence our presentation, I would like to remind you that we will be discussing forward-looking statements which reflect current views with respect to future events and financial performance. And are based on current expectations and assumptions which by nature are inherently uncertain and outside of the company's control.

At this stage, if you could all take a moment to read our disclaimer on slide 2 of this presentation.

I would also like to point out that all amounts quoted, unless otherwise clarified, are
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