Stainless Tankers Asa · OSL:STST
Stainless Tankers Asa — Q2 2025 Earnings Presentation
13 slides from Stainless Tankers Asa's earnings presentation, Aug 6, 2025
Slide 1: 2Q25 Results Presentation
2Q25 Results Presentation 06 August 2025
Slide 2: Disclaimer and Forward-Looking Statements
Disclaimer DISCLAIMER AND FORWARD-LOOKING STATEMENTS The preparation of interim financial statements requires Stainless Tankers ASA's (the "Company", "we" or "our") management to make judgments, estimates and assumptions that affect the application of accounting policies and the reported amounts of
Slide 3: Agenda
Agenda Highlights Chemical Tanker Rates & Outlook Financial Review Q&A Appendix – 2Q 2025 Financial Statements 3
Slide 4: Highlights
Highlights 2Q25 NAV currently estimated at $5.44/share (NOK 55.93/share) after cumulative dividends paid of $2.085/share NAV performance (NOK 22.16/share). NAV Total Return ($) since inception including dividends is 49% EBITDA of $6.9m and net income of $2.8m on net revenue of $8.9m; 2Q25 pool TCE
Slide 5: NAV performance since inception
NAV performance since inception 10 Book equity value vs. Market value NAV per share 200 Market value NAV per share since inception 8 Change since inception 180 0.72 7 2.07 8 160 140 6 (2.09) 5.44 NAV or Book Value Index. IPO = 100 6 120 5 4.73 per Share $ per Share 100 4 4 80 3 60 2 2 40 20 1 0 0 0
Slide 6: Slow recovery to date but catalyst rich 2H25
Slow recovery to date but catalyst rich 2H25 Womar net pool earnings and market time charter rates Highlights 28,000 250.0 • 2Q25 net pool TCE of $17.8k/day. 1-yr time charter rates fell to $18.0k/day at the end of the quarter ($18.75k/day in March) and appear to be stabilising 24,000 200.0 • Near t
Slide 7: Geopolitics and disruption
Geopolitics and disruption OPEC production and oil price Capacity expected to be 33.5 84.0 permanently excluded (% of fleet) 12% Brent Spot Average ($/bl) OPEC production (m bpd) 33.0 80.0 9% 32.5 76.0 32.0 72.0 6% 55% 25% 31.5 68.0 3% 31.0 64.0 0% Suezmax Aframax/ LR2 Panamax/ MR Handysize Product
Slide 8: Higher fleet growth but cautiously optimistic due to 2H25 catalysts
Higher fleet growth but cautiously optimistic due to 2H25 catalysts Net fleet development1 Highlights In our segment1 50 8% • 7 vessels were delivered in 1H25 (5 plus 2 in 1Q25 & 2Q25 respectively) 40 6% • As of 16 July, the orderbook was c.16% of global fleet (versus c.15% 30 previously). Scheduled
Slide 9: 2Q25 Financial performance
2Q25 Financial performance Select Financials 2Q25 1Q25 Highlights Calendar days 660 786 All vessels traded in the Womar pool throughout the quarter Available ship days 660 786 Scheduled drydocking of City Island and repairs on Lavraki, both completed during the Fleet stats Vessel days under owne
Slide 10: Thank You
TANKERS TUFTON Seem, wp Eat teh 1
Slide 11: Appendix - Financial statements (Income Statement)
Appendix - Financial statements (Income Statement) Consolidated statement of income statement and other comprehensive income (unaudited) Q2 2025 Q2 2024 H1 2025 H1 2024 In USD (unaudited) (unaudited) (unaudited) (unaudited) Operating revenue 9,911,222 17,994,471 22,708,459 33,999,264 Vessel voyage e
Slide 12: Appendix - Financial statements (Balance Sheet)
Appendix - Financial statements (Balance Sheet) Consolidated statement of financial position (unaudited) 30 June 2025 31 Dec 2024 In USD (unaudited) (audited) ASSETS Non-current assets Vessels, drydocking and equipment 92,056,139 108,397,228 Total non-current assets 92,056,139 108,397,228 Current as
Slide 13: Appendix - Financial statements (Cash Flow Statement)
Appendix - Financial statements (Cash Flow Statement) Consolidated statement of cash flows (unaudited) Q2 2025 Q2 2024 H1 2025 H1 2024 In USD (unaudited) (unaudited) (unaudited) (unaudited) Profit and other comprehensive income for the period 2,840,015 4,548,918 7,212,146 7,554,189 Adjustments for: