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C3is Q1 FY26 adjusted net income jumps to USD 5.5 million; revenue rises 34% to USD 11.6 million
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C3is Q1 FY26 adjusted net income jumps to USD 5.5 million; revenue rises 34% to USD 11.6 million
  • C3is posted Q1 2026 revenue of USD 11.6 million, up 34%, while net income fell to USD 3.2 million.
  • Loss per share was USD 1.33, despite operating income climbing to USD 5.26 million.
  • Adjusted net income rose to USD 5.5 million, up 358%, while adjusted EBITDA increased to USD 6.9 million, up 130%.
  • Cash balance including time deposits climbed 82% to USD 27.3 million, while daily TCE almost doubled to USD 32,173.
  • Agreed to buy two product tankers for USD 39.8 million, with one delivered in April and the second due in Q3 2026; the Aframax tanker is currently achieving around USD 115,000 per day in the spot market.


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 GlobeNewswire (Ref. ID: 202605180910PRIMZONEFULLFEED1001182555) on May 18, 2026, and is solely responsible for the information contained therein.

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