Imperial Petroleum Inc. · NASDAQ:IMPP
Imperial Petroleum — Q4 2025 Earnings Presentation
11 slides from Imperial Petroleum's earnings presentation, Mar 6, 2026
Slide 1: Q4' & 12M 2025 Financial & Operating Results
Q4’ & 12M 2025 Financial & Operating Results March 6,2026
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: Key Highlights
Key Highlights Operations & Growth ❑ Fleet operational utilization of 91.8% for Q4 25’ versus 88.7% in Q3 25’- the best quarterly performance in 2025. In Q4 24’ our operational utilization was 86%. ❑ Looking at our fleet sub-segments, operational utilization for Q4 25’ was 93.4% for our tanker fleet
Slide 4: Fleet Employment Status
Fleet Employment Status ❑ About 65% of our fleet is currently under time charter employment; as customarily all of our drybulk vessels are on short TCs. ❑ We employ five product tankers and our suezmaxes in the spot market; the remaining two product tankers are under period employment ranging from s
Slide 5: Charter Rates
Charter Rates ❑ In Q4 25’ market rates strengthened further in both the tanker and drybulk segments. ❑ Rates for suezmax tankers surged mainly at the back of OPEC+ exports, rising US crude output and high global refining margins. In addition, the increased enforcement of sanctions against tankers tr
Slide 6: Tanker Market
Tanker Market • In Q4’ 2025 the tanker market was very strong for crude tankers and quite healthy (above historical averages) for product tankers. The ongoing geopolitical tensions with most recent Crude Exports via Hormuz Strait the Iran – US tension continue to heavily affect the market causing un
Slide 7: Drybulk Market
Drybulk Market • Q4 25’ continued the positive momentum witnessed in Q3 25’; overall the market Annual Drybulk Trade Growth (bn. tone- miles) has picked up in the second half of 2025, creating a bullish sentiment for 2026. • Iron ore volumes to China were exceptionally strong, supported by a drop in
Slide 8: Financial Results Q4 24' & Q4 25'
Financial Results Q4 24’ & Q4 25’ Income Statement Q4 Q4 12M 12M Q4 25’ Vs Q4 24’ (Amounts in USD'000s) 2024 2025 2024 2025 • Revenues of $51.1 million up by 95% mainly due to our recent Voyage revenues 26,212 51,144 147,480 161,004 drybulk vessel additions, along with an improvement of market Voyag
Slide 9: Financial Results 12M 24' & 12M 25'
Financial Results 12M 24’ & 12M 25’ Balance Sheet (Amounts in $'000s) 12M 2024 12M 2025 • Free cash (incl. time deposits) as of December 31, 2025 of about $179 million. Assets • Current cash base of c.$198 million. Cash & cash equivalents 67,784 5,772 Time deposits 138,948 173,282 • Flexible capital
Slide 10: Financial Snapshot
Financial Snapshot Liquidity and Gearing Profitability, Growth and Values Market Considerations TCE for Q4 25’ per Will US – IRAN conflict $179 million of cash escalate further? fleet voyage day as of December What will happen with c. $27,000 for tankers the Strait of Hormuz? 31,2025 c. $14,800 for
Slide 11: Financial Snapshot
Financial Snapshot Capital Commitments 2026 Strategic Focus Company Operational Strengths c. $ 130 million for the agreed acquisitions of 6 drybulk vessels (1 already delivered) and 1 tanker Further fleet expansion ✓ High quality fleet; all vessels are Japanese or Korean built Active employment ✓ c.