Icon Energy posted FY 2025 revenue, net of USD 11.3 million (up 112.0%) and a net loss of USD 4.2 million, according to its annual report for the year ended Dec. 31, 2025. Voyage expenses were USD 0.7 million, vessel operating expenses were USD 5.1 million, management fees were USD 0.7 million, general and administrative expenses were USD 1.1 million, depreciation expense was USD 2.9 million, and interest and finance costs were USD 3.8 million. EBITDA was USD 3.0 million, Daily TCE was USD 11,979, and Daily OPEX was USD 5,560. Operationally, FY 2025 Ownership Days were 923.8, Available Days were 885.8, Operating Days were 885.1, and vessel utilization was 99.9%. The company said the minimum contracted revenue expected to be recognized on non-cancellable time charters as of Dec. 31, 2025 was USD 4.6 million. Corporate updates included the June 2025 delivery of the M/V Charlie under a bareboat charter-in accounted for as a finance lease, with an initially recognized finance lease liability of USD 21.7 million and an outstanding balance of USD 21.0 million as of Dec. 31, 2025. Icon Energy also reported cash, cash equivalents and restricted cash of USD 4.6 million at year-end 2025, and said its board authorized a share repurchase program of up to USD 1.0 million through Dec. 31, 2026; no shares had been repurchased through the filing date. Subsequent events disclosed included a one-for-five reverse stock split effective Jan. 8, 2026, issuance of 1,816,493 common shares under its SEPA for net proceeds of USD 5.8 million after year-end, and an at-the-market program entered on Feb. 4, 2026 under which 27,500 common shares had been issued for USD 0.04 million in net proceeds through the filing date.
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. Icon Energy Corp. 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: 0001140361-26-006582), on February 24, 2026, and is solely responsible for the information contained therein.
Comments