Reports Q1 revenue $9.605M vs $11.805M last year. Chairman & CEO, Valentios Valentis, commented: “We reported our first fiscal quarter, 2025 results with Revenues, net of $9.6 million, Adjusted EBITDA of $3.5 million and EPS of $0.07. In sharp contrast to a robust Q1 of last year, the product tanker sector experienced lower charter rates due to slowing global economic activity as evidenced by softening global demand for transportation fuels. However, market conditions improved sequentially, supported by seasonal factors and underlying trade resilience. “
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