Okeanis Eco Tankers Corp. reported its fourth‑quarter and full‑year 2025 financial results, posting a revenue of $126.9 million for the quarter and $391.5 million for the year. The company’s adjusted earnings per share rose to $1.76 in Q4, up from $0.41 in the same period a year earlier, and $3.77 for the full year, compared with $3.38 a year ago. The results beat consensus estimates of $1.30 EPS and $82.9 million revenue for the quarter, and $3.38 EPS and $393.2 million revenue for the year.
The strong performance was driven by a 49 % jump in Q4 revenue, largely from higher spot rates in the VLCC and Suezmax segments, and a 350 % increase in quarterly profit to $59.5 million. Net profit margin expanded from 15.4 % in Q4 2024 to nearly 47 % in Q4 2025, reflecting the company’s operational leverage once fixed costs are covered. Fleet‑wide time‑charter equivalent (TCE) rates reached $77,000 per vessel per day, a key metric that underpins the company’s profitability.
Management highlighted the company’s continued confidence in the tanker market, noting that the dividend of $1.55 per share represents 102 % of net income and marks the fifteenth consecutive quarter of distribution. CEO Aristidis Sbarounis said the payout “continues to reflect our commitment to returning value to shareholders while supporting our growth and refinancing strategy.” The dividend will be paid on March 10, 2026 to shareholders of record as of March 3, with ex‑dividend dates of March 3 on the NYSE and March 2 on the Oslo Stock Exchange.
Looking ahead, Okeanis guided for a strong first quarter of 2026, with 67 % of VLCC spot days and 64 % of Suezmax days already fixed at $104,200 and $84,600 per day respectively. The company’s outlook signals confidence in sustained demand for its modern, scrubber‑equipped fleet, which positions it well amid tightening emissions regulations and a constrained global supply of compliant vessels.
The market reacted positively to the earnings, with the stock rising after the announcement. Analysts noted that the revenue beat and optimistic guidance were the primary drivers of the positive reaction, while the high dividend payout reinforced investor confidence in the company’s cash‑generating ability.
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