Slide 1: Q4 & 12M 2025 Financial & Operating Results
Q4 & 12M 2025 Financial & Operating Results February 19, 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 Inc. Highlights
C3is Inc. Highlights • Net Income of $10.5 million for 12M 2025, compared to a Net Loss of $3 million in 2024, an increase of 481%. C3is FLEET - TCE DAILY RATES • Voyage Revenues of $35 million for 12M 2025,compared to $42 million for 2024, a decrease of 18%, mainly due to the Dry Docking of the Afr
Slide 4: Dry bulk Market
Dry bulk Market • Iron Ore remains the anchor of the dry bulk complex. • Australia and Brazil dominate export supply. IRON ORE • Simandou project in Guinea will significantly & BAUXITE restructure global shipping. • Coal following a different trajectory from Iron Ore. • Aggregate coal shipments lowe
Slide 5: Handysize Dry bulk Market Fundamentals
Handysize Dry bulk Market Fundamentals Handysize Market Outlook • In Jan-Dec 2025, global exports of all dry bulk commodities loaded on Handy/Supra tonnage reached 1,798 million tonnes • 15% of exports loaded on Handy/Supra tonnage were Coal Loadings • 13% were Grains • 9% were Steel Products • 8% w
Slide 6: Aframax/LR2 Spot Rates and Age
Aframax/LR2 SPOT RATES AND AGE AFRAMAX SECTOR SPOT RATES DECEMBER 2025 v/s YEAR AVERAGE • Highest % increase in rates for the Caribs-USG trade route, soaring SPOT RATES by 88.7% to $66,426 at Dec 31, 2025. DEC 31, 2025 2025 YTD AVERAGE • Highest rates achieved on the NSEA-CONT route @$71,022. 71.022
Slide 7: Aframax/LR2 Market Forecast
Aframax/LR2 MARKET FORECAST GEOPOLITIC GAMECHANGERS FOR AFRAMAX/LR2 IN 2026 • Stricter sanctions enforcement shifting volumes from shadow fleet. IRAN • All of Iran’s crude is purchased by China, who may be forced to seek alternatives. • Russian sanctions re-directing flows away from traditional shor
Slide 8: Product Tankers
PRODUCT TANKERS NEW ACQUISITIONS IN 2026 SAN REMO CLEAN FURY • Sharp rebound of orderbook due to owners’ renewed confidence. • Shifts in global trade patterns led to significant growths. • Orderbook to fleet > 20 years ratio expected to climb to 30%. • Sanctions and new refining capacities boosted t
Slide 9: C3is Fleet
C3is Fleet Fleet consisting of 3 Handysize drybulk carriers, 1 Aframax oil tanker, and 2 Product Tankers to be delivered in 2026 Earliest Year Capacity DD/SS Next Employment Vessel Name Vessel Type Yard Built Expiration of Built (dwt) Passed DD/SS Status Charter Handysize Hakodate S/Y, Japan Eco Bus
Slide 10: 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 11: Financial Update - Income Statement (12M 2025 v/s 12M 2024)
Financial Update - Income Statement (12M 2025 v/s 12M 2024) Income Statement ➢ Revenues of $35million for the first 12 months of 2025, compared to All amounts in USD '000 Q4 2024 Q4 2025 12M 2024 12M 2025 $42 million in 2024, a decrease of 18%. Voyage Revenues 9,411 10,554 42,296 34,756 ➢ Net Revenu
Slide 12: Financial Update - Balance Sheet (December 31 2025 v/s December 31 2024)
Financial Update - Balance Sheet (December 31 2025 v/s December 31 2024) Balance Sheet December 31, December 31, All amounts in USD ' 000s 2024 2025 ➢ Q4 2025 Cash & cash equivalents of $14.9 million, an increase of Cash and Cash equivalents 12,589 14,941 19% from Y/E 2024, in spite of the full paym
Slide 13: 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 14: Thank you
Thank you Athens Office 331, kifisias avenue 14561 kifisia c3is.pro Greece C3is Inc. 14