C3is Inc. reports Q2 adjusted EPS (51c) vs $6.15

Reports Q2 revenue $10.7M vs $10.8M last year. CEO Dr. Diamantis Andriotis commented: “For the first half of 2025, we reported Voyage Revenues of $19.4 million, EBITDA of $6.0 million, Net Income of $2.6 million, and EPS of $0.52. In April 2025 we paid off the remaining balance of $14.6 million due on our bulk carrier, the Eco Spitfire. In August 2025, we successfully completed the dry-docking of our Aframax tanker, the Afrapearl II. Major changes in the maritime shipping industry were caused by extensive transitions in the world due to geopolitical factors, environmental regulations, demand patterns and weather-related challenges. Despite these shifting dynamics, C3is Inc.’s (CISS) performance remained solid, with an increase of its fleet capacity by over 230% since inception, without incurring any bank debt.”