Imperial Petroleum (IPMM) investor relations material

Executive summary

• Achieved record quarterly revenue of $87.1 million in Q2 2026, up 41.2% sequentially and 140% year-over-year.

• Net income for Q2 2026 reached $34.8 million, a 172% increase from Q2 2025, and six-month net income at $62.8 million already exceeds full-year 2025.

• EBITDA for Q2 2026 was $41.2 million, a 142% increase year-over-year.

• Fleet expanded to an average of 21 vessels in Q2 2026, with four more to be delivered by year-end, targeting a 25-vessel fleet.

• Maintained a debt-free, highly liquid balance sheet with cash and deposits at $245.2 million as of June 30, 2026.

Financial highlights

• Q2 2026 revenue: $87.1 million; daily fleet revenue exceeded $50,000 vs. $29,000 in Q2 2025.

• Q2 2026 net income: $34.8 million; EPS: $0.75 in Q2 2026 and $1.34 for the first half of 2026.

• Operating cash flow for six months: $78.3 million.

• Net revenues for Q2: $65 million, up 154% year-over-year.

• Cash and deposits as of June 30, 2026: $245.2 million, up 37% from year-end 2025.

Outlook and guidance

• Fleet expansion to 25 vessels expected by year-end, supporting further revenue growth.

• Company remains well-positioned to navigate ongoing geopolitical risks and market volatility.

• Anticipates continued strong performance due to strategic asset management and robust balance sheet.

• Market rates for both tankers and drybulk vessels remain firm, with tanker rates at all-time highs.

• Drybulk sector benefits from longer haul voyages and increased thermal coal trading, but high oil prices and freight costs pose risks.