Okeanis Eco Tankers Corp. (ECO) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to OET's Third Quarter 2025 Financial Results Presentation. We will begin shortly. Aristides Alefouzos, CEO, and Herakles Barounis, CFO of Okeanis Ecotankers will take you through the presentation. They will be pleased to address any questions raised at the end of the call. I would like to advise you that this session is being recorded. Iroquois will now begin the presentation. Thank you. Hi, everyone. Welcome to the presentation of the earnings results of Okeanese ecotankers for the third quarter of 2025. We will discuss matters that are forward-looking in nature, and actual results may differ from the expectations reflected in such forward-looking statements. Please read through the relevant disclaimer on slide two. So starting on slide four in the executive summary, I'm pleased to present the highlights of the third quarter of 2025. We achieved fleet-wide time-chartered equivalent of about $47,000 per vessel per day. Our VFCCs were almost at 46,000 and our series maxes at $48,000. We report adjusted EBITDA of $45.2 million, adjusted net profit of $24.7 million, and adjusted BPS of 77 cents. Continuing to deliver on our commitment to distribute value to our shareholders, our board declared a 14th consecutive distribution in the form of a dividend of 75 cents per share. Total distributions over the last four quarters stand at $2.12 per share, or approximately 90% of our earnings for the period. Since the end of the quarter, we have declared the purchase options for our last save and lease back finances on the Nisos Rina and Nisos Vespotiko, which will be delivered to us in the second quarter of next year. Moving on to slide five. We have over the years stated our clear and strategic policy of distributing and maximizing value directly to our shareholders. Si...