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.