C3is Inc. announced unaudited financial and operating results for Q3 and nine months ended Sept. 30, 2025. Revenues for Q3 were $4.8 million, with a daily TCE of $8,733, down 33% from 2024. Fleet operational utilization was 67.7% due to an Aframax tanker drydocking. The company reported a Net Income of $5.3 million for nine months ending Sept. 30, 2025.

The Company has met all of its capital expenditure commitments without resorting to bank loans. In August 2025, the Aframax tanker completed drydocking at a cost of $1.7 million. A registered offering of 800,000 shares of common stock raised $2.0 million. CEO Dr. Diamantis Andriotis emphasized the company’s debt-free balance sheet and solid performance despite market uncertainties.

Operating performance data for Q3 and nine months ending Sept. 30, 2025, showed fleet utilization, voyage revenues, and vessels’ operating expenses. Total calendar days, charter days, and operational utilization percentages fluctuated compared to the same periods in 2024. An average of 4.0 vessels were owned by the Company during these periods.

The Company will host a conference call on Nov. 18, 2025, at 10:00 am ET to discuss results and outlook. A live webcast will be available on the company’s website. C3is Inc. owns four vessels, with shares listed on the Nasdaq Capital Market under the symbol “CISS.” Forward-looking statements and risk factors were provided in the report for investors’ consideration.

Financial details for Q3 and nine months ending Sept. 30, 2025, included revenues, expenses, net income, and earnings per share. The balance sheet showed assets, liabilities, and stockholders’ equity as of Sept. 30, 2025. Cash flow statements detailed operating, investing, and financing activities during the period. TCE, EBITDA, Adjusted EBITDA, and Adjusted net income/(loss) were highlighted as non-GAAP measures for performance evaluation.

Read more at Globe Newswire: C3is Inc. reports third quarter and nine months 2025