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ECO

Okeanis Eco Tankers Corp.

ECO

Okeanis Eco Tankers Corp. • NYSE
$36.84 ▼ -0.57% (-0.21)
Market Cap $1.19 B
52w High $39.77
52w Low $17.91
Dividend Yield 1.37%
P/E 15.48
Volume 142.56K
Outstanding Shares 32.19M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $90.602M ▼ $4.036M ▼ $24.051M ▼ 26.545% ▼ $0.75 ▼ $45.496M ▼
Q2-2025 $93.947M ▲ $6.523M ▲ $26.887M ▲ 28.619% ▲ $0.84 ▲ $48.863M ▲
Q1-2025 $80.148M ▼ $6.229M ▲ $12.556M ▼ 15.666% ▲ $0.39 ▼ $34.183M ▼
Q4-2024 $85.19M ▲ $3.564M ▼ $13.195M ▼ 15.489% ▼ $0.41 ▼ $37.103M ▼
Q3-2024 $84.929M $3.589M $14.546M 17.128% $0.45 $39.213M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $52.644M ▼ $1.067B ▼ $637.287M ▼ $429.814M ▲
Q2-2025 $59.753M ▲ $1.083B ▲ $654.821M ▼ $428.3M ▲
Q1-2025 $37.146M ▼ $1.069B ▼ $657.651M ▼ $411.715M ▲
Q4-2024 $49.344M ▲ $1.082B ▼ $671.673M ▼ $410.427M ▼
Q3-2024 $49.143M $1.096B $684.283M $411.726M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $24.051M ▼ $29.548M ▼ $281.568K ▲ $-37.345M ▼ $-7.109M ▼ $29.548M ▼
Q2-2025 $26.887M ▲ $37.323M ▲ $-552.767K ▲ $-14.913M ▲ $22.607M ▲ $37.323M ▲
Q1-2025 $12.556M ▼ $11.965M ▼ $-1.34M ▲ $-23.161M ▲ $-12.198M ▼ $11.965M ▼
Q4-2024 $13.195M ▼ $30.622M ▲ $-3.1M ▲ $-26.418M ▲ $200.512K ▲ $30.622M ▲
Q3-2024 $14.546M $6.857M $-3.54M $-47.549M $-43.656M $6.857M

Five-Year Company Overview

Income Statement

Income Statement ECO shows a pattern of strong profitability for a tanker company in a cyclical, volatile market. Revenue has moved around with freight rates, rising sharply from earlier years, peaking recently, and then easing a bit in the latest year. Even with that slight pullback, operating and net profits remain healthy, and margins are robust, suggesting efficient operations and cost control. The one clear weak spot in the history is an almost break‑even year earlier in the period, which underlines how sensitive results are to shipping cycles and day rates. Earnings per share have swung meaningfully over time, reinforcing that this is not a smooth, steady growth story but a high‑earnings‑when‑markets‑are‑strong profile. Overall, profitability looks solid, but inherently exposed to industry ups and downs.

Balance Sheet

Balance Sheet The balance sheet shows a capital‑intensive shipping business funded by a mix of debt and equity, with leverage on the higher side but not extreme for this industry. Total assets have edged down from an earlier peak, reflecting a maturing and actively managed fleet rather than aggressive expansion at any cost. Debt has trended slightly lower in recent years, while equity has stayed broadly stable. This points to some gradual de‑risking and disciplined capital management instead of rapid, debt‑heavy growth. Cash on hand is modest, which is typical for a shipowner but means the company relies on steady cash generation and good access to financing. Overall, the balance sheet looks sound but clearly geared, which can amplify both good and bad cycles in freight markets.

Cash Flow

Cash Flow Cash flow from operations is consistently positive and has improved versus the earlier part of the period, indicating that the underlying business is generating solid cash, not just accounting profits. Free cash flow has been positive in most recent years, after earlier periods of heavy investment. Historically, large spending on vessels caused dips into negative free cash flow in some years, which is normal for a fleet‑building phase. More recently, limited capital spending has allowed most of the operating cash to flow through, giving the company more flexibility for debt service, dividends, or future investments. The main risk is that this strength depends heavily on freight market conditions; a weak rate environment could quickly squeeze cash generation.

Competitive Edge

Competitive Edge ECO’s competitive position rests on a modern, fuel‑efficient fleet and a business model that leans into the spot market. Its ships are relatively young and designed to consume less fuel and emit less pollution, which lowers operating costs and appeals to charterers who care about environmental performance. The universal use of exhaust gas scrubbers gives ECO a cost advantage when cheaper, higher‑sulfur fuel is attractive, allowing it to earn better margins than many peers. Operating mostly in the spot market lets the company capture upside when rates spike, and management has shown skill in using this flexibility. The trade‑off is higher earnings volatility and greater sensitivity to short‑term rate swings. Overall, ECO appears to be a cost‑efficient, technically advanced operator with deliberate exposure to market cycles.

Innovation and R&D

Innovation and R&D Innovation at ECO is closely tied to fleet efficiency and environmental performance rather than traditional lab‑style research. The company’s focus on “eco” design vessels, full‑fleet scrubber installation, and ongoing hull‑coating improvements shows a steady, practical approach to technology adoption. A proprietary vessel monitoring and performance system allows continuous optimization of fuel use and routing, which can translate into lower costs and lower emissions over time. Planned steps, such as considering carbon‑capture technology on newbuilds and ongoing upgrades to coatings and monitoring tools, suggest ECO aims to stay at the technical frontier of conventional shipping. This is more about incremental, real‑world efficiency gains than headline‑grabbing breakthroughs, but it reinforces their cost and environmental edge.

Summary

ECO is a profitable, modern tanker company with strong margins, solid operating cash flow, and a balance sheet that is geared but manageable for its sector. Its main strengths are a young, efficient, scrubber‑equipped fleet, disciplined capital management, and a willingness to operate in the spot market to capture strong rate environments. Key risks center on the inherent cyclicality of crude shipping, exposure to short‑term rate volatility, and reliance on continued access to financing in a capital‑heavy business. On the opportunity side, ECO is well positioned to benefit from tightening environmental rules and growing demand for fuel‑efficient, lower‑emission tonnage, while its ongoing efficiency‑driven innovations can help preserve its cost edge. The story is less about smooth, steady growth and more about a well‑run operator ready to capitalize on favorable shipping cycles while managing the downside of a volatile industry.

NEWS

November 21, 2025 · 2:00 AM UTC

Okeanis Eco Tankers Corp. - New Shares Issued and Commencement of Trading

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November 19, 2025 · 7:15 AM UTC

Okeanis Eco Tankers Corp. – Completion and pricing of USD 115 million offering of new common shares

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November 19, 2025 · 2:00 AM UTC

Okeanis Eco Tankers Corp. – Reminder of trading suspension on Euronext Oslo Børs

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November 12, 2025 · 4:30 PM UTC

Okeanis Eco Tankers Corp. – 2024 ESG Report

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November 12, 2025 · 4:20 PM UTC

Okeanis Eco Tankers Corp. – Key Information relating to Q3 2025 dividend

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