Icon Energy reports 1H24 EPS $4.56 vs. $3.44 last year

Reports 1H24 revenue $2.7M vs $2.3M last year. Ismini Panagiotidi, CEO of Icon, commented: “We are pleased to report that our financial results for the first half of 2024 have surpassed last year’s performance across all key metrics, providing tailwinds to our transition to a public company with the successful listing of our common shares on the Nasdaq in July 2024. Since then, we have announced our first dividend and first vessel acquisition as a public company, consistent with both our dividend policy and growth strategy. In addition, we have secured employment for our soon-to-be acquired vessel and have entered into an innovative financing term sheet with upsize potential to fuel our further growth, all with top-tier counterparties. We are thrilled by this positive momentum and are honored by the trust demonstrated by our charterers and financiers during Icon’s early stages, supporting our goal to create value for our shareholders.”