The earnings report highlights significant improvements in net income and EBITDA, alongside achieving a debt-free status, indicating strong financial health. However, challenges include a notable decline in voyage revenues and TCE rates, as well as a reduction in cash balance due to strategic financial settlements. The company's adaptability and resilience amidst market uncertainties are evident, yet revenue-generating metrics have faced setbacks.
Company Guidance
During the C3is Third Quarter 2025 Financial and Operating Results Conference Call, the company reported significant financial improvements, achieving a net income of $5.26 million for the first nine months of 2025, compared to a net loss of $3 million in the same period in 2024, marking a 281% increase. Despite a 24% decrease in voyage revenues due to the drydocking of their Aframax tanker, which resulted in 74 non-revenue days, the company successfully increased its EBITDA by 245% to $10 million. The time charter equivalent (TCE) rate saw a 40% decline. In April 2025, C3is settled the final outstanding balance of $14.6 million on their latest addition, the Eco Spitfire. The company also highlighted its strategic focus on maintaining a high-quality fleet, with an increase in fleet size by 234% since inception, while remaining debt-free. Looking ahead, C3is aims to continue its disciplined growth strategy amidst the geopolitical uncertainties affecting the shipping market.
Significant Increase in Net Income
The company achieved a net income of $5.26 million for the first 9 months of 2025 compared to a net loss of $3 million for the same period in 2024, marking an increase of 281%.
EBITDA Growth
Reported an EBITDA of $10 million for the first 9 months of 2025, compared to $3 million for the same period in 2024, an increase of 245%.
Debt-Free Financial Status
The company is fully delevered, having settled the final outstanding balance of $14.6 million for the Eco Spitfire, enhancing financial flexibility.
Successful Dry Docking
Successfully completed the dry docking of the Aframax tanker in August 2025, maintaining vessel quality and operational efficiency.
C3is Inc. (CISS) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CISS Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 18, 2025
$1.68
$1.68
0.00%
Sep 02, 2025
$3.01
$2.92
-2.99%
May 15, 2025
$3.74
$3.75
+0.27%
Mar 11, 2025
$4.38
$4.32
-1.37%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does C3is Inc. (CISS) report earnings?
C3is Inc. (CISS) is schdueled to report earning on Mar 31, 2026, Before Open (Confirmed).
What is C3is Inc. (CISS) earnings time?
C3is Inc. (CISS) earnings time is at Mar 31, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.