C3is Q2 FY26 swings to net income of USD 10 million; revenue rises 124% to USD 24.04 million

Reuters2026/08/27 10:31

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C3is posted Q2 GAAP net income of USD 10 million, swinging from a loss a year earlier; revenue rose to USD 24.04 million.
EBITDA climbed to USD 12.03 million from a loss; daily TCE more than doubled to USD 40,260.
Cash, cash equivalents and time deposits jumped 122.8% to USD 33.2 million versus year-end 2025.
Fleet operational utilization edged up 0.6 percentage points to 78.6%, hit by Aframax idle days and product-tanker drydocking.
Two product tankers were acquired for USD 39.8 million payable by January 2027; management sees H2 2026 mirroring H1 strength.

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: 202608270630PRIMZONEFULLFEED1001259636) on August 27, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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C3is Q2 FY26 swings to net income of USD 10 million; revenue rises 124% to USD 24.04 million

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