Okeanis Eco Tankers Corp. – Unaudited Condensed Financial Statements for the Second Quarter and Six-Month Period of 2026
ATHENS, Greece, Aug. 04, 2026 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (together with its subsidiaries, unless context otherwise dictates, “OET” or the “Company”) (NYSE: ECO, OSE: OET) today reported its unaudited condensed financial results for the second quarter and six-month period of 2026, which are attached to this press release.
Financial performance of the Second Quarter Ended June 30, 2026 * Revenues of $318.9 million in Q2 2026, compared to $93.9 million in Q2 2025. * Profit of $230.3 million in Q2 2026, compared to $26.9 million in Q2 2025. * Vessel operating expenses of $13.3 million in Q2 2026, compared to $11.5 million in Q2 2025. * Earnings per share of $5.90 in Q2 2026, compared to $0.84 in Q2 2025. * Cash (including restricted cash) of $247.8 million as of June 30, 2026, compared to $122.5 million as of December 31, 2025. Financial performance of the Six Months Ended June 30, 2026 * Revenues of $489.0 million in 6M 2026, compared to $174.1 million in 6M 2025. * Profit of $318.6 million in 6M 2026, compared to $39.4 million in 6M 2025. * Vessel operating expenses of $25.6 million in 6M 2026, compared to $22.0 million in 6M 2025. * Earnings per share of $8.25 in 6M 2026, compared to $1.23 in 6M 2025. Alternative performance metrics and market development * Time charter equivalent (“TCE”, a non-IFRS measure*) revenue of $268.1 million in Q2 2026. * EBITDA and Adjusted EBITDA (each non-IFRS measures*) of $251.6 million and $251.8 million, respectively, in Q2 2026. * Adjusted profit* and Adjusted earnings per share* (each non-IFRS measures*) of $230.8 million or $5.91 per basic and diluted share in Q2 2026. * Fleetwide daily TCE rate* of $191,700 per available spot day and $181,200 per operating day; VLCC TCE rate of $213,600 per available spot day and $187,700 per operating day; and Suezmax TCE rate of $174,900 per available spot and operating day, in Q2 2026. * Daily vessel operating expenses (“Daily Opex”, a non-IFRS measure*) of $9,936 per calendar day, including management fees, in Q2 2026. * In Q3 2026 to date, 48% of the available VLCC spot days have been booked at an average TCE rate of $206,600 per day and 42% of the available Suezmax spot days have been booked at an average TCE rate of $133,000 per day. Declaration of Q2 2026 dividend
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