Okeanis Eco Tankers Corp. · NYSE:ECO
Okeanis Eco Tankers — Q1 2026 Earnings Presentation
13 slides from Okeanis Eco Tankers's earnings presentation, May 14, 2026
Slide 1: First Quarter 2026 Condensed Financial Results
FIRST QUARTER 2O26 CONDENSED FINANCIAL RESULTS
Slide 2: Okeanis Eco Tankers Corp. Reports Financial Results for the First Quarter of 2026
Okeanis Eco Tankers Corp. Reports Financial Results for the First Quarter of 2026 ATHENS, GREECE, May 13, 2026 – 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 financia
Slide 3: Financial results overview-first quarter of 2026
Financial results overview-first quarter of 2026 Q1 2026 Q1 2025 % Change Commercial VLCC Daily TCE* $ 104,300 $ 38,000 174% Performance Suezmax Daily TCE* $ 81,600 $ 39,200 108% USD per day Fleetwide Daily TCE* $ 93,100 $ 38,500 142% Fleetwide Daily Opex (incl. mgmt. fees)* $ 9,593 $ 9,233 4% Q1 20
Slide 4: Key information, management commentary and subsequent events
• In January 2026, the Company took delivery of Nissos Piperi and Nissos Serifopoula. • In January 2026, the Company entered into two memoranda of agreement to purchase two newbuilding Suezmax vessels (approx. 157,000 dwt) from unrelated third-party sellers for $99.3 million each. Both vessels are e
Slide 5: Fleet
Fleet* As of March 31, 2026, the Company’s fleet was comprised of the following 16 vessels with an average age of 5.8 years and aggregate capacity of approximately 3.8 million deadweight tons: • eight Suezmax vessels with an average age of 5.7 years; and • eight VLCC vessels with an average age of 5
Slide 6: Unaudited condensed consolidated statements of profit or loss
Unaudited condensed consolidated statements of profit or loss and other comprehensive income For the Three months ended March 31, USD 2026 2025 Revenue $ 170,165,016 $ 80,147,652 Operating expenses Commissions (1,703,196) (674,183) Voyage expenses (36,241,351) (30,917,090) Vessel operating expenses
Slide 7: Unaudited condensed consolidated statements of financial position
Unaudited condensed consolidated statements of financial position As of As of USD March 31, 2026 December 31, 2025 ASSETS Non-current assets Vessels, net $ 1,105,213,636 $ 922,117,179 Advances for acquisition of vessels 39,737,420 38,894,251 Other non-current assets 1,274,698 58,332 Derivative finan
Slide 8: Unaudited condensed consolidated statement of changes in shareholders' equity
Unaudited condensed consolidated statement of changes in shareholders’ equity Additional Number Share paid-in Treasury Other Retained USD, except share amounts of shares capital capital Shares Reserves Earnings Total Balance - January 1, 2025 32,194,108 $32,890 $ 14,501,517 $(4,583,929) $ (35,913) $
Slide 9: Unaudited condensed consolidated statements of cash flows
Unaudited condensed consolidated statements of cash flows For the three months ended March 31, USD 2026 2025 CASH FLOWS FROM OPERATING ACTIVITIES Profit for the period $ 88,317,703 $ 12,555,933 Adjustments to reconcile profit to net cash provided by operating activities: Depreciation and amortizatio
Slide 10: Use and Reconciliation of Alternative Performance Measures
USE AND RECONCILIATION OF ALTERNATIVE PERFORMANCE MEASURES The Company together with its wholly owned subsidiaries, (the “Group”) evaluates its vessels’ operations and financial results principally by assessing their revenue generation (and not by the type of vessel, employment, customer, or type of
Slide 11: Daily Opex
The following table sets forth our computation of TCE rates, including a reconciliation of revenues to the TCE rates (unaudited) for the periods presented: For the Three months ended March 31, USD 2026 2025 Revenue $ 170,165,016 $ 80,147,652 Voyage expenses (36,241,351) (30,917,090) Commissions (1,7
Slide 12: EBITDA, Adjusted EBITDA and Adjusted profit limitations
Furthermore, EBITDA, Adjusted EBITDA, Adjusted profit/(loss) and Adjusted earnings/(loss) per share have certain limitations in use and should not be considered alternatives to reported profit/(loss), operating profit, cash flows from operations, earnings per share or any other GAAP or IFRS measure
Slide 13: Forward Looking Statements
Forward Looking Statements This communication contains “forward-looking statements”, including as defined under U.S. federal securities laws. Forward-looking statements provide the Company’s current expectations or forecasts of future events. Forward- looking statements include statements about the