Imperial Petroleum Inc. (IMPP) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and thank you for standing by. Welcome to Imperial Petroleum Q4 and 12-month 2025 Financial and Operational Results Conference call and webcast. All participants will be in a listen-only mode with no question and answer session on today's conference. Please note that today's call is being recorded. I would now like to hand the conference over to Mr. Harry Vafia, CEO of Imperial Petroleum. Please go ahead. Good morning, everybody, and thank you all for joining us at our four and 12-month 2025 call of Imperial Petroleum. I'm Harry Vafias, the CEO of the company, and joining me today is Mrs. Akelari, who will be discussing our financial performance. In essence, it's made clear that this presentation may contain some full-looking statements as defined by the Private Security Litigation Reform Act. We raise the attention of our investors to the fact that such forward-looking statements are based upon the current beliefs and expectations of Imperial Petroleum and are subject to risks and uncertainties which could cause future results to differ materially from these forward-looking statements. In addition, we'd like to clarify that during this conference call, we will quote monetary amounts. These, unless explicitly stated otherwise, are all denominated in U.S. dollars. In slide three, we're summarizing a key operation and financial highlights for Q4-25. The last quarter of last year revealed our fleet dynamics. Market was favorable for both tanker and dry bulk ships, allowing us to enjoy surely profitability and the benefits of our fleet expansion. Indeed, compared to Q3 of 25, when we operated same number of ships, net revenues from tankers decreased by almost 18%, while the rise of net revenues from our dry bulk segment was most impressive in the order of 26%. I...