IMPERIAL PETROLEUM INC., a ship-owning company providing petroleum products, crude oil and dry bulk seaborne transportation services, announced its unaudited financial and operating results for the second quarter and six months ended June 30, 2025.
OPERATIONAL AND FINANCIAL HIGHLIGHTS
Second Quarter 2025 Results:
Six Months 2025 Results:
1EBITDA, Adjusted EBITDA, Adjusted Net Income and Adjusted EPS are non-GAAP measures. Refer to the reconciliation of these measures to the most directly comparable financial measure in accordance with GAAP set forth later in this release. Reconciliations of Adjusted Net Income, EBITDA and Adjusted EBITDA to Net Income are set forth below.
Fleet Employment Table
As of September 5, 2025, the profile and deployment of our fleet is the following:
Name
Year
Country
VesselSize
Vessel
Employment
Expirationof
Built
Built
(dwt)
Type
Status
Charter(1)
Tankers
Magic Wand
2008
Korea
47,000
MRproducttanker
Time Charter
October 25
Clean Thrasher
2008
Korea
47,000
MR product tanker
Time Charter
November 25
Clean Sanctuary (ex. Falcon Maryam)
2009
Korea
46,000
MR product tanker
Time Charter
September 25
Clean Nirvana
2008
Korea
50,000
MR product tanker
Spot
Clean Justice
2011
Japan
46,000
MR product tanker
Time Charter
September 27
Aquadisiac
2008
Korea
51,000
MR product tanker
Spot
Clean Imperial
2009
Korea
40,000
MR product tanker
Time Charter
January 26
Suez Enchanted
2007
Korea
160,000
Suezmax tanker
Spot
Suez Protopia
2008
Korea
160,000
Suezmax tanker
Spot
Drybulk Carriers(2)
Eco Wildfire
2013
Japan
33,000
Handysize drybulk
Time Charter
October 25
Glorieuse
2012
Japan
38,000
Handysize drybulk
Time Charter
October 25
Neptulus
2012
Japan
33,000
Handysize drybulk
Time Charter
September 25
Supra Pasha
2012
Japan
56,000
Supramax drybulk
Time Charter
October 25
Supra Monarch
2011
Japan
56,000
Supramax drybulk
Time Charter
September 25
Supra Baron
2009
Japan
56,000
Supramax drybulk
Time Charter
September 25
Supra Sovereign
2012
Japan
56,000
Supramax drybulk
Time Charter
October 25
Supra Duke
2011
Japan
56,000
Supramax drybulk
Time Charter
September 25
Eco Sikousis
2008
Japan
82,000
Kamsarmax drybulk
Time Charter
September 25
Eco Czar
2009
Japan
82,000
Kamsarmax drybulk
Time Charter
September 25
FleetTotal
1,195,000dwt
(1)
Earliest date charters could expire.
(2)
We have contracted to acquire three Japanese-built drybulk carriers, with a total capacity of approximately 164,400 dwt and an average age of approximately 12.5 years, which are expected to be delivered to us between September 2025 and August 2026.
CEOHarry VafiasCommented:
“We are proud for completing our recent fleet expansion; this is an important milestone for us. Imperial Petroleum now operates a combined, diversified fleet of nine tankers and ten drybulk carriers- all non – Chinese built vessels. In terms of our financials, we remain profitable, debt free and as of the end of Q2 25’ we held about $212 million in cash. In the first half of 2025 we generated $24.1 million of net profit and $42 million of operating cash flow. Market rates for both tankers and drybulk carriers are currently favorable therefore we hope that we will be able to take advantage of the second half of 2025, utilize our fleet at full speed and produce even better results.”
