Slide 1: Q2 & 6M 2026 Financial & Operating Results
Q2 & 6M 2026 Financial & Operating Results August 27, 2026 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 Q2 2026 - Solid Results
C3is Q2 2026 - SOLID RESULTS $ MILLION Voyage Revenues Net Revenues Voyage Revenues up 124% from Q2 2025, +124% +84% +132% 35.6 +185% 27.4 and 84% from 6M 2025. 24.04 17.07 19.4 11.83 Net Revenues up 185% from Q2 2025, 10.74 5.994 and 132% from 6M 2025. Q2 2025 Q2 2026 6M 2025 6M2026 Q2 2025 Q2 2026
Slide 4: C3is Inc. Highlights
C3is Inc. Highlights The TCE rate of our fleet increased by 145% compared to Q2 2025, reaching $40.3K. TCE Q2 2026 The TCE rate of our Aframax tanker increased by 202% compared to Q2 2025, to US $ $133.5K. The TCE rate of our fleet increased by 125% compared to 6M 2025, reaching $36.8K. TCE 6M 2026
Slide 5: Handy Size Demand and Rates
Handy Size Demand and Rates • Distance over Price. World Handy Seaborne Minor Bulk Trade IRON ORE • $23 billion Guinea project. • Chinese coal demand softened; Asia/Pacific demand has firmed. COAL • Gulf energy prices made coal more competitive for Asian buyers. • Resilient Grains and Oil seeds. GRA
Slide 6: Aframax/LR2 Spot Rates & Fleet Age
Aframax/LR2 Spot Rates & Fleet Age Aframax Spot Rates Overview June 2026 Average Spot Rates v/s 2021 - 2025 Year Average AFRAMAX SPOT RATES • Highest average rate recorded was on the NSEA–CONT route JUNE 2026 AVERAGE 2021-2025 AVERAGE at $116,749 per day 116.749 107.233 • This route also achieved th
Slide 7: Product Tankers
PRODUCT TANKERS NEW DELIVERIES IN 2026 CLEAN FURY CLEAN REAPER DWT: 47,203 DWT: 50,760 Year Built: 2011 Year Built: 2008 Delivered: April Delivered: Aug 2026 2026 PRODUCT TANKERS - AVERAGE ANNUAL RATES FOR TIME CHARTERS 12 MONTHS 36 MONTHS 29.759 30.361 28.918 21.620 20.601 22.685 17.490 23.731 22.0
Slide 8: C3is Fleet
C3is Fleet Fleet consisting of 3 Handysize drybulk carriers, 1 Aframax oil tanker, and 2 Product Tankers delivered in 2026 Year Capacity DD/SS Next Employment Earliest Expiration of Vessel Name Vessel Type Yard Built Built (dwt) Passed DD/SS Status Charter Handysize Drybulk Hakodate S/Y, Japan Eco B
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 2026 vs Q2 2025
Financial Update - Income Statement Q2 2026 vs Q2 2025 Income Statement Operational Highlights All amounts in USD '000 Q2 2025 Q2 2026 6M 2025 6M 2026 ➢ Revenues showed an increase of 124% in Q2 2026, compared to Q2 2025, Voyage Revenues 10,737 24,044 19,408 35,620 and 84% for 6M 2026 compared to 6M
Slide 11: Financial Update - Balance Sheet June 30, 2026 vs December 31, 2025
Financial Update - Balance Sheet June 30, 2026 vs December 31, 2025 Balance Sheet Highlights December 31, June 30, All amounts in USD ' 000s ➢ Cash and cash equivalents of $33.2 million as of Q2 2026, 2025 2026 representing an increase of 123% compared to year-end Cash and Cash Equivalents 14,941 33
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 ✓ Maintain the quality of vessels by carrying out regular inspections, both while in port and at sea, and adopting a High Quality comprehensive
Slide 13: Thank you
Thank you Athens Office 331, kifisias avenue 14561 kifisia c3is.pro Greece C3is Inc. 13