C3is Inc. reported lower revenues and EBITDA in Q1 2025, facing challenges and focusing on resilience.

From GlobeNewswire: 2025-05-15 09:00:00

C3is Inc. reported operational and financial highlights for Q1 2025. Revenues were $8.7 million with a daily TCE of $16,202, a decrease from $12.8 million and $36,480 in Q1 2024. The net income was $7.9 million, and cash balance stood at $15.7 million. Fleet utilization was 91.7%, with 4 owned vessels. Adjusted EBITDA was $3.0 million, down 53% from Q1 2024.

The Company fulfilled all Capex obligations without bank loans, tripling fleet tonnage. CEO Dr. Andriotis noted challenges and opportunities in the 2025 global economic landscape. C3is plans to adapt by focusing on diversification and sustainability, leveraging growth drivers for resilience. He thanked stakeholders and looks forward to the Q2 2025 results.

C3is Inc. will host a conference call on May 15, 2025, at 10:00 am ET to discuss Q1 2025 results and future outlook. A live webcast will be available on the company’s website. C3is Inc. owns four vessels, with shares listed on Nasdaq under “CISS.” The Company aims to navigate economic dynamics and maintain resilience amid evolving global challenges.



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