Icon Energy Corp. Q2 2025 Financial Results

SEC Filing 6-K (0001140361-25-028428)

Icon Energy Corp. reported its unaudited interim condensed consolidated financial statements for the six-month period ended June 30, 2025. The company, which provides seaborne transportation services for dry bulk cargoes, saw a net loss of $3.694 million, compared to a net income of $987,000 in the same period in 2024. Revenue increased to $3.547 million from $2.719 million in 2024. The company's fleet consists of three vessels: Alfa, Bravo, and Charlie, all of which are under index-linked time charters. Icon Energy Corp. also reported significant changes in its balance sheet, with total assets increasing to $58.668 million from $28.795 million at the end of 2024. The company's long-term debt increased to $36.183 million, primarily due to a new finance lease liability for the vessel Charlie. The company also issued additional common shares and Series A Preferred Shares during the period.