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STAINLESS TANKERS (STST) investor relations material
STAINLESS TANKERS Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Total return since inception reached 50.2%, with NAV per share at $4.75 after a $0.135 dividend in December; 57% of original equity distributed and NAV per share stable since inception.
Q4/4Q25 saw lower revenue and EBITDA due to vessel sales, dry dockings, and a smaller fleet, but operational performance remained in line with expectations.
Net profit for 2025 was $7.2 million, down from $14.6 million in 2024; operating revenue for 2025 was $66.3 million, down from $68.2 million in 2024.
Three vessels were sold in 2025, generating a total gain on disposal of $7.6 million.
Significant dividends totaling $20.5 million were distributed in 2025.
Financial highlights
Q4/4Q25 net revenue was $7.3 million, down from $10 million in Q3; EBITDA for Q4/4Q25 was $2.6 million, down from $4.4 million in Q3.
Net loss of $1 million in Q4/4Q25, versus a $1 million profit in Q3, mainly due to lower TCEs and vessel sale.
Free cash at quarter/year-end was $5.3 million; total fleet market value at $98.8 million.
Total assets at year-end 2025 were $98.7 million, down from $145.6 million at year-end 2024; total equity at year-end 2025 was $53.6 million.
LTV improved to 39.2% from 40.3% sequentially.
Outlook and guidance
TCE rates expected to reach $17,000/day by end of current quarter and remain flat for the year, with pool expectations slightly higher.
2026 is expected to be a transition year with significant scheduled vessel deliveries, though actual deliveries may be lower due to slippage.
Dividend of $0.135 per share declared for Q4, payable in March, representing a 13% yield.
No significant events after the reporting period that would affect future results.
Management continues to monitor market and financial risks closely.
- TimeTickerHeadlineOpen
- 6 FebJ
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