Okeanis Eco Tankers Corp. Reports Financial Results for the Fourth Quarter and Twelve-Month Period of 2025

18 Feb 2026 22:15 CET

ATHENS, GREECE, February 18, 2026 – 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 and 64% 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 $1.55 per common share
to shareholders. Dividends payable to common shares registered in the Euronext
VPS will be distributed in NOK. The cash payment will be paid on March 10, 2026,
to shareholders of record as of March 3, 2026. The common shares will be traded
ex-dividend on the NYSE as from and including March 3, 2026, and the common
shares will be traded ex-dividend on the Oslo Stock Exchange as from and
including March 2, 2026. Due to the implementation of the Central Securities
Depository Regulation (CSDR) in Norway, dividends payable on common shares
registered with Euronext VPS are expected to be distributed to Euronext VPS
shareholders on or about March 13, 2026.

*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.

More information:
Access the news on Oslo Bors NewsWeb site

666161_OET Q4 2025 Results.pdf