Okeanis Eco Tankers Corp. Reports Financial Results for the Fourth Quarter and Twelve-Month Period of 2025
Rhea-AI Summary
Okeanis Eco Tankers (NYSE: ECO) reported Q4 2025 and full-year results on Feb 18, 2026. Q4 revenue was $126.9M and Q4 profit $59.5M; cash (including restricted) rose to $122.5M at year-end. The board declared a $1.55 per-share dividend payable March 10, 2026.
Fleetwide Q4 daily TCE was $76,700 with VLCC and Suezmax TCEs of $92,000 and $53,100 respectively. Adjusted EPS in Q4 was $1.78 and 12M 2025 EPS was $3.77.
Positive
- Q4 revenue +49% to $126.9M versus $85.2M
- Q4 profit surge to $59.5M from $13.2M
- Cash balance increased to $122.5M at Dec 31, 2025
- Declared dividend of $1.55 per common share payable March 10, 2026
- Strong Q4 TCEs — fleetwide $76,700; VLCC $92,000 per day
Negative
- Vessel operating expenses rose 20% in Q4 to $11.5M from $9.6M
- Daily Opex of $9,794 per calendar day in Q4 adds cost pressure
Market Reaction
Following this news, ECO has gained 3.81%, reflecting a moderate positive market reaction. Our momentum scanner has triggered 5 alerts so far, indicating moderate trading interest and price volatility. The stock is currently trading at $46.00. This price movement has added approximately $63M to the company's valuation.
Data tracked by StockTitan Argus (15 min delayed). Upgrade to Silver for real-time data.
Key Figures
Market Reality Check
Peers on Argus
While ECO was down 0.63% pre-release, key marine peers like GNK, SFL and GSL were up about 1%, indicating the move appeared stock-specific rather than sector-driven.
Previous Earnings Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Feb 12 | Earnings webcast invite | Neutral | -2.4% | Announcement of timing for Q4 and full-year 2025 results webcast. |
| Nov 07 | Earnings webcast invite | Neutral | +1.8% | Schedule disclosure for Q3 2025 results release and webcast. |
| May 14 | Q1 2025 results | Negative | -3.8% | Q1 2025 revenue and profit declined year-over-year despite dividend. |
| Feb 19 | Q4 2024 results | Neutral | -6.8% | Q4 and full-year 2024 results with declared dividend and webcast. |
| Nov 08 | Q3 2024 results | Negative | -8.2% | Q3 2024 revenues and profit fell versus 2023, with dividend announced. |
Earnings-related headlines have historically produced a modest negative average move of -3.86%, with past result releases often followed by selling pressure despite dividends.
Recent history shows ECO frequently tying financial releases to shareholder returns. Q3 and Q1 2025 earnings highlighted fluctuating revenues and profits but consistent dividends, such as $0.32 and $0.45 per share. Full-year and Q3 2024 results also came with dividends, yet shares reacted negatively (e.g., -6.77%, -8.17%). Today’s Q4 and 12M 2025 report, with stronger profits and a higher dividend, follows this pattern of material earnings updates accompanied by capital returns.
Historical Comparison
Across the last five earnings-tagged events, ECO’s average move was -3.86%, suggesting that even solid financial updates have often been met with selling.
Earnings releases progressed from Q3 and Q4 2024 through Q1 and Q3 2025 to the current Q4 and 12M 2025 results, with dividends consistently tied to reported performance.
Market Pulse Summary
This announcement details a strong Q4 2025, with revenue of $126.9M, profit of $59.5M and EPS of $1.76, alongside full-year EPS of $3.77 and cash of $122.5M. A sizable Q4 dividend of $1.55 per share underscores capital returns. Historically, earnings-tagged news has averaged a -3.86% move, so investors may watch how markets balance improved results, recent equity raises and exposure to tanker-rate cycles.
Key Terms
time charter equivalent technical
ebitda financial
adjusted ebitda financial
ifrs financial
ex-dividend financial
AI-generated analysis. Not financial advice.
ATHENS, Greece, Feb. 18, 2026 (GLOBE NEWSWIRE) -- Okeanis Eco Tankers Corp. (together with its subsidiaries, unless context otherwise dictates, “OET” or the “Company”) (NYSE: ECO, OSE: OET) today reported its unaudited condensed financial results for the fourth quarter and twelve-month period of 2025, which are attached to this press release.
Financial performance of the Fourth Quarter Ended December 31, 2025
- Revenues of
$126.9 million in Q4 2025, compared to$85.2 million in Q4 2024. - Profit of
$59.5 million in Q4 2025, compared to$13.2 million in Q4 2024. - Vessel operating expenses of
$11.5 million in Q4 2025, compared to$9.6 million in Q4 2024. - Earnings per share of
$1.76 in Q4 2025 (based on a weighted average number of shares of 33,708,192 for the period), compared to$0.41 in Q4 2024. - Cash (including restricted cash) of
$122.5 million as of December 31, 2025, compared to$54.3 million as of December 31, 2024.
Financial performance of the Twelve Months Ended December 31, 2025
- Revenues of
$391.5 million in 12M 2025, compared to$393.2 million in 12M 2024. - Profit of
$123.0 million in 12M 2025, compared to$108.9 million in 12M 2024. - Vessel operating expenses of
$45.2 million in 12M 2025, compared to$42.4 million in 12M 2024. - Earnings per share of
$3.77 in 12M 2025 (based on a weighted average number of shares of 32,575,740 for the period), compared to$3.38 in 12M 2024.
Alternative performance metrics and market development
- Time charter equivalent* (“TCE”, a non-IFRS measure*) revenue of
$92.9 million in Q4 2025. - EBITDA* and Adjusted EBITDA* (each, a non-IFRS measure*) of
$79.3 million and$79.0 million , respectively, in Q4 2025. - Adjusted profit* and Adjusted earnings per share* (each, a non-IFRS measure*) of
$59.9 million or$1.78 per basic and diluted share in Q4 2025. - Fleetwide daily TCE rate* of
$76,700 per operating day in Q4 2025; VLCC and Suezmax TCE rates of$92,000 and$53,100 per operating day, respectively, in Q4 2025. - Daily vessel operating expenses* (“Daily Opex”, a non-IFRS measure*) of
$9,794 per calendar day, including management fees, in Q4 2025. - In Q1 2026 to date,
67% of the available VLCC spot days have been booked at an average TCE rate of$104,200 per day and64% of the available Suezmax spot days have been booked at an average TCE rate of$84,600 per day.
Declaration of Q4 2025 dividend
The Company’s board of directors declared a dividend of
*The Company uses certain financial information calculated on a basis other than in accordance with generally accepted accounting principles and International Financial Reporting Standards (“IFRS”), including TCE, Daily TCE, EBITDA, Adjusted EBITDA, Adjusted profit, Adjusted earnings per share, and Daily Opex. For a reconciliation of these non-IFRS measures, please refer to the end of this press release.
Presentation
OET will be hosting a conference call and webcast at 14:30 CET on Thursday, February 19, 2026 to discuss the Q4 2025 and 12M 2025 results. The webcast will include a slide presentation and will be available on the following link: https://events.q4inc.com/attendee/615422628
An audio replay of the conference call will be available on our website: http://www.okeanisecotankers.com/reports/
Contacts
Company:
Iraklis Sbarounis, CFO
Tel: +30 210 480 4200
ir@okeanisecotankers.com
Investor Relations / Media Contact:
Nicolas Bornozis, President
Capital Link, Inc.
230 Park Avenue, Suite 1540, New York, N.Y. 10169
Tel: +1 (212) 661-7566
okeanisecotankers@capitallink.com
About OET
OET is a leading international tanker company providing seaborne transportation of crude oil and refined products. The Company was incorporated on April 30, 2018 under the laws of the Republic of the Marshall Islands and is listed on Oslo Stock Exchange under the symbol OET and the New York Stock Exchange under the symbol ECO. The sailing fleet consists of eight modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers.
Forward Looking Statements
This communication contains “forward-looking statements”, including as defined under applicable laws, such as the US Private Securities Litigation Reform Act of 1995. Forward-looking statements provide the Company’s current expectations or forecasts of future events. Forward-looking statements include statements about the Company’s expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts or that are not present facts or conditions. Words or phrases such as “anticipate,” “believe,” “continue,” “estimate,” “expect,” “hope,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “will” or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. The Company’s actual results could differ materially from those anticipated in forward-looking statements for many reasons, including as described in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”). Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this communication. Factors that could cause actual results to differ materially include, but are not limited to, the Company’s operating or financial results; the Company’s liquidity, including its ability to service its indebtedness; competitive factors in the market in which the Company operates; shipping industry trends, including charter rates, vessel values and factors affecting vessel supply and demand; future, pending or recent acquisitions and dispositions, business strategy, areas of possible expansion or contraction, and expected capital spending or operating expenses; risks associated with operations; broader market impacts arising from war (or threatened war) or international hostilities; risks associated with pandemics, including effects on demand for oil and other products transported by tankers and the transportation thereof; and other factors listed from time to time in the Company’s filings with the SEC. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions, or circumstances on which any statement is based. You should, however, review the factors and risks the Company describes in the reports it files and furnishes from time to time with the SEC, which can be obtained free of charge on the SEC’s website at www.sec.gov.
This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.
A PDF associated with this press release can be found here http://ml.globenewswire.com/Resource/Download/0dc2313b-dbe9-4072-9ed3-bfdde985cf53
FAQ
What were Okeanis Eco Tankers (ECO) Q4 2025 revenues and profit?
How much dividend did ECO declare for Q4 2025 and when is it payable?
What were Okeanis ECO’s fleetwide TCE rates in Q4 2025 and by vessel type?
How much cash did ECO hold at December 31, 2025 and how does that compare to 2024?
What were Okeanis ECO’s Q4 2025 adjusted EPS and full-year EPS (2025)?
Did operating costs for ECO change materially in Q4 2025 and how?
