C3is Inc. reports second quarter and six months 2025 financial and operating results
1. C3is Inc. reported Q2 2025 revenues of $10.7 million, down from $10.8 million. 2. The company recorded a net loss of $5.3 million and basic EPS of ($8.78). 3. Daily TCE rate decreased by 31% compared to Q2 2024, currently at $16,466. 4. Operational utilization dropped to 78% mainly from the Aframax tanker idling. 5. C3is remains debt-free after significant asset acquisitions and growing fleet capacity.