ATHENS, GREECE, February 19, 2025 - Okeanis Eco Tankers Corp. (together with its
subsidiaries, unless context otherwise dictates, "OET" or the "Company") (NYSE:
ECO, OSE: OET) today reported its unaudited condensed financial results for the
fourth quarter and twelve-month period of 2024, which are attached to this press
release.
 
Financial performance of the Fourth Quarter Ended December 31, 2024
 
	o	Revenues of $85.2 million in Q4 2024, compared to $91.7 million in Q4 2023.
	o	Profit of $13.2 million in Q4 2024, compared to $21.3 million in Q4 2023.
	o	Vessel operating expenses of $9.6 million in Q4 2024, compared to $10.6 in Q4
2023.
	o	Earnings per share of $0.41 in Q4 2024, compared to $0.66 in Q4 2023.
	o	Cash (including restricted cash) of $54.3 million as of December 31, 2024,
compared to $54.9 million as of December 31, 2023.
 
Financial performance of the Twelve Months Ended December 31, 2024
 
	o	Revenues of $393.2 million in 12M 2024, compared to $413.1 million in 12M
2023.
	o	Profit of $108.9 million in 12M 2024, compared to $145.2 million in 12M 2023.
	o	Vessel operating expenses of $42.4 million in 12M 2024, compared to $41.7 in
12M 2023.
	o	Earnings per share of $3.38 in 12M 2024, compared to $4.51 in 12M 2023.
 
Alternative performance metrics and market developments
 
	o	Time charter equivalent ("TCE", a non-IFRS measure) revenue of $49.4 million
in Q4 2024.
	o	EBITDA* and Adjusted EBITDA* (non-IFRS measures*) of $35.2 million and $37.1
million, respectively, in Q4 2024.
	o	Adjusted profit* and Adjusted earnings per share* (non-IFRS measures*) of
$13.0 million or $0.41 per basic and diluted share in Q4 2024.
	o	Fleetwide daily TCE rate of $39,000 per operating day in Q4 2024