C3is FY25 net income rises to $10.5 million; revenue drops to $34.8 million
PUBT · 1d ago
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- C3is posted net income of USD 10.5 million for fiscal year 2025, reversing a net loss of USD 2.7 million a year earlier.
- Revenue fell 17.7% to USD 34.8 million.
- Operating cash flow dropped to USD 4 million from USD 25 million.
- Gain on warrants totaled USD 9.2 million, swinging from a loss of USD 11.1 million in 2024.
- C3is ended 2025 with USD 14.9 million in cash, cash equivalents and time deposits, while it had USD 39.8 million of contracted MR product tanker purchase commitments with deliveries expected in Q2-Q3 2026.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. C3is Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-170448), on April 22, 2026, and is solely responsible for the information contained therein.
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