Slide 1: Q2 & 6M 2025 Financial & Operating Results
Q2 & 6M 2025 Financial & Operating Results C3is Inc. 1
Slide 2: Disclaimer
Disclaimer This presentation contains forward-looking statements within the meaning of applicable federal securities laws. Such statements are based upon current expectations that involve risks and uncertainties. Any statements contained herein that are not statements of historical fact may be deeme
Slide 3: C3is Inc. Highlights
C3is Inc. Highlights $5.3 million Net Loss and Adjusted Net Income of $1.1 million for Q2 2025 • Net Income of $2.6 million for H1 2025 C3is FLEET - TCE DAILY RATES • Voyage Revenues of $10.7 million for Q2 2025, a decrease of 1% from Q2 2024 Q2 2025 FINANCIAL Non-Cash Item – Unrealized loss on Warr
Slide 4: Dry bulk Trade in H1 2025
Dry bulk Trade in H1 2025 • Owners: Short-term volatility favours flexible Cargo Trade by commodity and dry bulk segment deployment and risk-hedging tools. IRON ORE • Charterers: Watching for trade route changes; new routes may support specific vessel classes. • Owners: Decarbonisation trends will c
Slide 5: Handysize Drybulk Market Fundamentals
Handysize Drybulk Market Fundamentals Market Outlook • Continued volatility tied to global economic and trade policy uncertainty anticipated Owners • Maintain operational flexibility • Expect heightened asset value differentiation • Careful timing of acquisitions will be crucial • Minor trade disrup
Slide 6: Aframax Tanker Market Fundamentals
Aframax Tanker Market Fundamentals AFRAMAX SPOT RATE FORECAST ASSUMPTIONS AFRAMAX SPOTSPOT RATETCE EARNINGS/DAY FORECAST • Ton miles from shift in Russian oil flows to remain Eco, Non Scrubber • US tariffs resulted in a small downgrade to earnings 69.000 57.750 54.750 • OPEC+ policy to be the main f
Slide 7: Aframax Tankers/LR2 Fleet Growth
Aframax Tankers/LR2 Fleet Growth AFRAMAX/LR2 NET FLEET GROWTH • 56 LR2s and 7 Aframaxes are scheduled to be delivered in 2025 • Deliveries will accelerate into 2026 • Aframaxes are likely to continue benefitting from shift in Russian crude flows • LR2s stand to lose the most if there are increased t
Slide 8: C3is Fleet
C3is Fleet Fleet consisting of three Handysize drybulk carriers and one Aframax oil tanker Earliest Capacity DD/SS Next Employment Vessel Name Vessel Type Year Built Yard Built Expiration of (dwt) Passed SS Status Charter Handysize Hakodate Eco Bushfire 2011 32,000 Shipyard, Japan Q2 2021 Q2 2026 Ti
Slide 9: Strategic Relationships & Competitive Position
Strategic Relationships & Competitive Position C3is & its predecessor have strong market recognition as quality and reliable operators ▪ C3is management & the Manager have developed strong relationships and have experienced repeat business with international charterers. ▪ Repeat business highlights
Slide 10: Financial Update - Income Statement (Q2 2025 v/s Q2 2024)
Financial Update - Income Statement (Q2 2025 v/s Q2 2024) Income Statement Q2 2024 Q2 2025 ➢ Revenues of $10.7 million for the second quarter of 2025, compared All amounts in USD '000 to $10.8 million in Q2 2024, a decrease of 1%. Voyage Revenues 10,827 10,737 ➢ Net Revenues of $6 million for Q2 202
Slide 11: Financial Update - Balance Sheet (June 2025 & December 2024)
Financial Update - Balance Sheet (June 30 2025 & December 31 2024) Balance Sheet December 31, June 30, ➢ Q2 2025 Cash & cash equivalents of $2.3 million, a decrease of All amounts in USD ' 000s 2024 2025 82% from Y/E 2024, due to the full settlement of the 90% of the purchase price of the Eco Spitfi
Slide 12: Business Strategy
Business Strategy ✓Owning a high-quality fleet reduces operating costs, improves safety and provides a competitive advantage in securing favorable charters High Quality ✓Maintain the quality of vessels by carrying out regular inspections, both while in port and at sea, Fleet and adopting a comprehen
Slide 13: Thank you
Thank you Athens Office 331, kifisias avenue 14561 kifisia c3is.pro Greece C3is Inc. 13