
Last update at 2026-06-22T20:02:00Z
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C3is Inc. reports financial and operating results for the first quarter of 2025
Thu 15 May 25, 01:00 PMC3is Inc. reports fourth quarter and twelve months 2024 financial and operating results
Tue 11 Mar 25, 01:00 PM| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 10.47M | -2.74837M | 9.29M | 5.83M | 3.61M |
| Minority interest | - | - | - | - | - |
| Net income | 10.47M | -2.74837M | 9.29M | 5.83M | 3.61M |
| Selling general administrative | - | 2.98M | 1.20M | 2.29M | - |
| Selling and marketing expenses | - | - | 0.40M | - | - |
| Gross profit | 4.43M | 13.62M | 12.02M | 8.24M | 3.78M |
| Reconciled depreciation | - | 6.18M | 4.10M | - | - |
| Ebit | 1.36M | -0.27456M | 10.43M | 5.95M | 3.65M |
| Ebitda | 7.87M | 5.90M | 14.53M | 6.01M | 4.10M |
| Depreciation and amortization | 6.50M | 6.18M | 4.10M | 0.06M | 0.44M |
| Non operating income net other | - | - | - | - | - |
| Operating income | 1.36M | 10.06M | 10.43M | 5.95M | 3.65M |
| Other operating expenses | 33.39M | 32.23M | 18.31M | 10.18M | 2.62M |
| Interest expense | 0.37M | 2.47M | 1.37M | 0.19M | 0.05M |
| Tax provision | - | - | - | - | - |
| Interest income | - | 0.95M | 0.04M | 0.06M | - |
| Net interest income | - | -1.52299M | -1.33172M | -0.13503M | - |
| Extraordinary items | - | - | - | - | - |
| Non recurring | - | - | - | - | - |
| Other items | - | - | - | - | - |
| Income tax expense | - | - | 0.19M | 0.14M | 0.00000M |
| Total revenue | 34.76M | 42.30M | 28.74M | 16.13M | 6.27M |
| Total operating expenses | 3.07M | 3.56M | 1.60M | 2.29M | 0.13M |
| Cost of revenue | 30.32M | 28.67M | 16.71M | 7.90M | 2.49M |
| Total other income expense net | 9.11M | -12.81033M | -1.13605M | 0.01M | -0.04540M |
| Discontinued operations | - | - | - | - | - |
| Net income from continuing ops | - | -2.74837M | 9.29M | 5.83M | - |
| Net income applicable to common shares | - | - | - | - | - |
| Preferred stock and other adjustments | - | - | - | - | - |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 98.49M | 100.49M | 95.47M | 44.86M | 16.36M |
| Intangible assets | - | - | - | - | - |
| Earning assets | - | - | - | - | - |
| Other current assets | 0.32M | 0.05M | 0.11M | 0.04M | 0.29M |
| Total liab | 3.39M | 29.13M | 39.93M | 0.97M | 7.61M |
| Total stockholder equity | 95.10M | 71.36M | 55.54M | 43.89M | 8.75M |
| Deferred long term liab | - | - | - | - | - |
| Other current liab | 1.29M | 17.59M | 39.17M | 0.17M | 0.14M |
| Common stock | 0.00660M | 0.00707M | 0.00087M | 0.03M | - |
| Capital stock | - | 0.01M | 0.00687M | 0.04M | 0.00000M |
| Retained earnings | 4.49M | 0.26M | 8.35M | - | 3.61M |
| Other liab | - | - | - | - | - |
| Good will | - | - | - | - | - |
| Other assets | - | - | - | - | - |
| Cash | 0.62M | 4.64M | 0.70M | 5.00M | 0.02M |
| Cash and equivalents | - | - | - | - | - |
| Total current liabilities | 3.36M | 18.69M | 39.93M | 0.97M | 1.32M |
| Current deferred revenue | 0.24M | 0.16M | 0.22M | - | 0.04M |
| Net debt | -0.59189M | -4.61158M | -0.69529M | -5.00000M | 7.26M |
| Short term debt | 0.02M | 0.03M | - | - | 0.99M |
| Short long term debt | - | - | - | - | 0.99M |
| Short long term debt total | 0.02M | 0.03M | - | - | 7.28M |
| Other stockholder equity | 90.60M | 71.09M | 47.28M | 43.86M | 5.14M |
| Property plant equipment | - | - | - | - | - |
| Total current assets | 20.84M | 16.34M | 20.31M | 6.02M | 4.63M |
| Long term investments | - | - | - | - | - |
| Net tangible assets | - | - | - | - | - |
| Short term investments | 14.32M | 7.95M | 8.37M | - | - |
| Net receivables | 4.26M | 2.82M | 10.44M | 0.82M | 4.26M |
| Long term debt | - | - | - | - | 6.29M |
| Inventory | 1.31M | 0.88M | 0.69M | 0.17M | 0.06M |
| Accounts payable | 1.80M | 0.91M | 0.55M | 0.79M | 0.19M |
| Total permanent equity | - | - | - | - | - |
| Noncontrolling interest in consolidated entity | - | - | - | - | - |
| Temporary equity redeemable noncontrolling interests | - | - | - | - | - |
| Accumulated other comprehensive income | - | - | -0.08742M | - | - |
| Additional paid in capital | - | - | - | - | - |
| Common stock total equity | - | - | - | - | - |
| Preferred stock total equity | - | - | - | - | - |
| Retained earnings total equity | - | - | - | - | - |
| Treasury stock | - | - | - | - | - |
| Accumulated amortization | - | - | - | - | - |
| Non currrent assets other | - | - | - | - | 0.50M |
| Deferred long term asset charges | - | - | - | - | - |
| Non current assets total | 77.65M | 84.15M | 75.16M | 38.84M | 11.73M |
| Capital lease obligations | - | 0.03M | - | - | - |
| Long term debt total | - | - | - | - | - |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -1.36034M | -12.42645M | - | - |
| Change to liabilities | - | - | - | - | - |
| Total cashflows from investing activities | -6.53719M | -1.36034M | - | - | - |
| Net borrowings | - | - | - | - | - |
| Total cash from financing activities | -1.48833M | -19.67075M | 7.48M | - | 12.42M |
| Change to operating activities | - | - | - | - | - |
| Net income | 10.43M | -2.74837M | 9.10M | 1.32M | 3.61M |
| Change in cash | -4.02370M | 3.95M | 0.42M | - | 0.77M |
| Begin period cash flow | 4.64M | 0.70M | 0.27M | 0.27M | -0.50000M |
| End period cash flow | 0.62M | 4.64M | 0.70M | 0.27M | 0.27M |
| Total cash from operating activities | 4.00M | 24.98M | 5.64M | - | -0.01208M |
| Issuance of capital stock | - | 13.15M | 5.00M | - | - |
| Depreciation | 6.50M | 6.18M | 4.10M | - | 0.44M |
| Other cashflows from investing activities | - | - | - | - | - |
| Dividends paid | 0.57M | 0.76M | 0.24M | - | 6.35M |
| Change to inventory | -0.42791M | -0.19488M | -0.52362M | - | -0.06018M |
| Change to account receivables | -1.44745M | 7.63M | -9.62196M | - | -4.26179M |
| Sale purchase of stock | - | - | - | - | - |
| Other cashflows from financing activities | -13.38100M | -32.05624M | 3.31M | - | -11.63533M |
| Change to netincome | - | - | - | - | - |
| Capital expenditures | 0.16M | 1.62M | 4.30M | 0.00000M | 11.64M |
| Change receivables | - | - | - | - | - |
| Cash flows other operating | - | - | - | - | - |
| Exchange rate changes | - | - | - | - | - |
| Cash and cash equivalents changes | - | - | - | - | - |
| Change in working capital | -4.19632M | 8.81M | -7.55316M | - | -4.06412M |
| Stock based compensation | - | 0.34M | 0.04M | - | - |
| Other non cash items | -8.73110M | 12.40M | 18.58M | - | 5.06M |
| Free cash flow | 3.84M | 23.35M | 1.34M | - | -11.64741M |
Sector: Industrials Industry: Marine Shipping
| Company | Change (USD) | Price (USD) | Trailing PE (x) | Forward PE (x) | Price Sales TTM (x) | Price to Book Value (x) | Enterprise Value to Revenue (x) | Enterprise Value to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| CISS C3is Inc. |
-0.08 3.64% | 2.12 | 0.01 | - | 0.07 | 0.02 | 0.05 | 0.13 |
| AMKAF AP Moeller - Maersk A/S A |
0.001 -% | 2382.79 | 13.59 | 2500.00 | 0.66 | 0.63 | 0.79 | 3.81 |
| AMKBY AP Moeller-Maersk AS |
0.34 2.90% | 12.06 | 13.25 | 2500.00 | 0.65 | 0.63 | 0.80 | 3.88 |
| AMKBF A.P. Møller - Mærsk A/S |
- -% | 2676.05 | 12.94 | 2500.00 | 0.63 | 0.60 | 0.79 | 3.81 |
| CICOY COSCO SHIPPING Holdings Co Ltd ADR |
-0.002 0.02% | 8.55 | 6.61 | 5.81 | 0.15 | 0.85 | 0.65 | 3.18 |
C3is Inc. offers international seaborne transportation services. The company provides its services to dry bulk charterers, including national and private industrial users, commodity producers and traders, oil producers, refineries, and commodities traders and producers. It owns and operates three drybulk carriers, which transport major bulks, such as iron ore, coal, and grains, as well as minor bulks comprising bauxite, phosphate, and fertilizers; and one Aframax crude oil tanker that transports crude oil. The company was founded in 2021 and is based in Athens, Greece.
331 Kifissias Avenue, Athens, Greece, 14561
| Name | Title | Year Born |
|---|---|---|
| Dr. Diamantis Andriotis | CEO, President & Director | 1983 |
| Ms. Nina Pyndiah | Chief Financial Officer | 1963 |
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