8.          Long-Term Debt and Financial Liabilities, net

Long-term debt (a,b) and financial liabilities (c,d and e) in the condensed consolidated statement of financial position are analysed as follows:

Long-Term Debt, net - Consolidated statement of financial position

8.          Long-Term Debt and Financial Liabilities, net (continued)

Details of the Company’s credit facilities are discussed in Note 11 of the Company’s consolidated financial statements for the year ended December 31, 2025, included in the 2025 Annual Report.

As of June 30, 2026, the Company had available undrawn financing commitments relating to its vessels under construction. Specifically, under the $28.0 million (absolute amount) sale and bareboat back arrangement entered into through Olympia Shipholding S.A., the Company had an unused committed amount of $26.6 million (absolute amount), after receipt of the $1.4 million (absolute amount) advance deposit. In addition, under the loan agreement entered into through Thalia Shipholding S.A., the Company had an unused committed amount of $25.0 million (absolute amount).

As at June 30, 2026, the Company was in compliance with the loan covenants of the agreement with the lenders.

The contractual annual principal payments relating to the First Citizens Bank & Trust Company (formerly known as CIT Bank N.A.) loan facility, the Marguerite Loan Facility, the Shankyo Shoji Co. Ltd. and Greatsail Shipping S.A. sale and bareboat back arrangement and the SK Shipholding S.A. sale and bareboat back arrangements for Daxos Maritime Limited and Olympia Shipholding S.A. to be made subsequent to June 30, 2026, were as follows:

Long-Term Debt, net - Annual loan principal payments