Slide 1: Q3 & 9M 2025 Financial & Operating Results
Q3 & 9M 2025 Financial & Operating Results November 18, 2025 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 • Net Income of $5 million for 9M 2025, compared to a Net Loss of $3 million in 2024, an increase of 281%. C3is FLEET - TCE DAILY RATES Voyage Revenues of $24 million for 9M 2025,compared to $33 million for 2024, a • decrease of 26%. 23.345 9M 2025 FINANCIAL This was due to the
Slide 4: Handysize Dry bulk Trade
Handysize Dry bulk Trade • One year truce to maritime trade war measures between the US and China will provide stability IRON ORE and predictability. & BAUXITE • Possible Ukraine reconstruction boosting imports. • H2 volumes shaping better than H1. • Coal volumes rebounding in H2 2025, but trade COA
Slide 5: Handysize Dry bulk Market Fundamentals
Handysize Dry bulk Market Fundamentals Market Outlook • In Jan-Sep 2025, global exports of all dry bulk commodities loaded on Handy/Supra tonnage reached 1,327.7 million tonnes • 15% of exports loaded on Handy/Supra tonnage were Coal Loadings • 13% were Grains • 9% were Steel Prods • 9% were Fertili
Slide 6: Aframax/LR2 Fleet Size and Age
Aframax/LR2 FLEET SIZE AND AGE AFRAMAX/LR2 FLEET SIZE AFRAMAX/LR2 SPOT RATE FLEET SIZE Q3 2025 FORECAST • As at the end of Q3 2025, the Aframax/LR2 fleet comprised 1,191 1156 1191 vessels, with a total DWT of 131.35 million. • Additions of 47 vessels represent 4.07% of the starting fleet • Demolitio
Slide 7: Aframax/LR2 Market Fundamentals
Aframax/LR2 MARKET FUNDAMENTALS MARKET OUTLOOK • Modest rise in Q3, speculations of an oil supply surplus in 2026. GLOBAL OIL • War and global uncertainty will keep causing market disruptions, CONSUMPTION typically boosting earnings. • Global growth proven stronger than anticipated due to tariff thr
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 (9M 2025 v/s 9M 2024)
Financial Update - Income Statement (9M 2025 v/s 9M 2024) Income Statement ➢ Revenues of $24 million for the first 9 months of 2025, compared to $33 All amounts in USD '000 Q3 2024 Q3 2025 9M 2024 9M 2025 million in 2024, a decrease of 26%. Voyage Revenues 9.266 4.794 32.885 24.202 ➢ Net Revenues of
Slide 11: Financial Update - Balance Sheet (September 30 2025 & December 31 2024)
Financial Update - Balance Sheet (September 30 2025 & December 31 2024) Balance Sheet December 31, September 30, All amounts in USD ' 000s 2024 2025 ➢ Q3 2025 Cash & cash equivalents of $6.6 million, a decrease of Cash and Cash equivalents 12,589 6,614 48% from Y/E 2024, due to the full settlement o
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