Okeanis Eco Tankers Corp. (ECO) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:03.115 results presentation. We will begin shortly. 00:00:03.115 -- 00:00:08.803 Aristides Alafouzos, CEO and Herakles Barounis, CFO of Okeanis EcoTankers, 00:00:08.803 -- 00:00:10.926 will take you through the presentation. 00:00:10.926 -- 00:00:14.090 And we're pleased to address any questions raised at the end of the call. 00:00:14.090 -- 00:00:16.834 I would like to advise you that this session is being recorded. 00:00:16.834 -- 00:00:21.337 Herakles will begin the presentation now. 00:00:22.461 -- 00:00:27.868 Thank you. Welcome everyone to the presentation of Okeanis EcoTankers results 00:00:27.868 -- 00:00:30.490 for the second quarter of 2025. 00:00:30.490 -- 00:00:34.736 We will discuss matters of the forward-looking nature and actual results may differ from 00:00:34.736 -- 00:00:38.582 the expectations reflected in such forward-looking statements. 00:00:38.582 -- 00:00:42.585 Please read through the relevant disclaimer on slide two. 00:00:43.109 -- 00:00:47.375 Starting on slide four and the executive summary. 00:00:47.375 -- 00:00:51.221 I'm pleased to present the highlights of the second quarter of 2025. 00:00:51.221 -- 00:00:56.068 We achieved fleet-wide time charter equivalent of about $50,500 00:00:56.068 -- 00:00:59.870 per vessel per day. Our VLCCs were almost at 50,000. 00:00:59.870 -- 00:01:02.951 and our series maxes at $51,500. 00:01:02.953 -- 00:01:08.318 We report adjusted EBITDA of $47.3 million, adjusted net profit 00:01:08.318 -- 00:01:12.062 of $26.7 million, and adjusted EPS of $0.83. 00:01:12.062 -- 00:01:13.983 Continuing 00:01:13.983 -- 00:01:18.247 to deliver on our commitment to distribute value to our shareholders, our board declared 00:01:18.247 -- 00:01:24.513 the 13th consecutive distribution in the fo...