<div id="readability-page-1"><div>Overview<ul><li>C3is Q3 2025 revenue decreased by 48% due to Aframax tanker dry-docking</li><li>Net income for Q3 2025 was $2.7 mln, with EPS of $2.32</li><li>Company completed a $2 mln stock offering to institutional investors</li></ul>Result Drivers<ul><li>DRY-DOCKING IMPACT - Afrapearl II dry-docking led to increased idle days, reducing fleet operational utilization to 67.7%</li><li>VOYAGE EXPENSES - Decrease in voyage expenses due to Afrapearl II's idle periods and reduced bunker consumption</li><li>SPOT MARKET RATES - Aframax tanker achieved spot market rates of around $52,000 per day</li></ul>Key Details<div><table><tbody><tr><td>Metric</td><td>Beat/Miss</td><td>Actual</td><td>Consensus Estimate</td></tr><tr><td>Q3 Revenue</td><td></td><td>$4.80 mln</td><td></td></tr><tr><td>Q3 Net Income</td><td></td><td>$2.70 mln</td><td></td></tr><tr><td>Q3 Basic EPS</td><td></td><td>$2.32</td><td></td></tr><tr><td>Q3 EBITDA</td><td></td><td>$4.20 mln</td><td></td></tr></tbody></table></div>Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</div></div>

CISS

C3is reported a 48% decline in Q3 2025 revenue due to Aframax tanker dry-docking, resulting in increased idle days and reduced fleet utilization to 67.7%. Net income was $2.7 million with an EPS of $2.32. The company completed a $2 million stock offering to institutional investors. Aframax tanker achieved spot market rates of $52,000 per day. EBITDA for Q3 was $4.20 million.

Shipping firm C3is posts Q3 revenue decline due to tanker dry-docking