Q1 2026 C3is Inc Earnings Call Transcript

May 18, 2026 / 02:00 PM GMT

Release Date Price: $3.17 (+3.93%)

Transcript

Key Points

Positve

C3is Inc (CISS) reported an adjusted net income of $5.5 million for Q1 2026, a 358% increase from the previous year.
The company's revenues increased by 34% to $11.6 million compared to Q1 2025.
C3is Inc (CISS) achieved an adjusted EBITDA of $6.9 million, marking a 130% increase from the same period in 2025.
The cash balance rose by 82% to $27 million by the end of Q1 2026.
The fleet capacity has increased by 387% since inception, enhancing operational diversity and exposure to the growing tanker market.

Negative

Geopolitical tensions in the Middle East are impacting trade flows and increasing input costs.
The ongoing conflict has led to surging bunker costs and tightening prompt availability in the dry bulk market.
The company experienced a loss on warrants amounting to $2.3 million in Q1 2026, compared to a gain in the previous year.
The fleet's operational utilization was at 85%, indicating room for improvement.
The order book for new vessels has declined, partly due to uncertainty around U.S. tariffs on Chinese-built ships.

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

CISS.OQ - C3is Inc
Q1 2026 C3is Inc Earnings Call
May 18, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good day, and thank you for standing by. Welcome to the Q1 2026 Financial and Operating Results for C3IS Conference Call.

At this time, all participants are in a listen-only mode. I would now like to hand the conference over to your speaker today, Dr. Zamantis Andreatis. Please go ahead.

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Unidentified_2 [2]
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Good morning everyone and welcome to the CTIS First Quarter of 2026 Earnings Conference Call and Webcast.

This is Dr. Giamadis Andriotti, CEO of the company.

Joining me on the call today is our CFO Ninapindia.

Before we commence our

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