v3.26.1
Consolidated Statements of Financial Position - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
NON-CURRENT ASSETS    
Vessels, net $ 227,791 $ 233,191
Advances for vessel purchase 22,643 22,573
Office furniture and equipment, net 63 75
Right of use asset 885 0
Restricted cash 2,000 2,000
Other non-current assets 10 10
Total non-current assets 253,392 257,849
CURRENT ASSETS    
Current portion of fair value of derivative financial instruments 0 113
Trade receivables, net 3,802 654
Inventories 1,329 2,217
Prepayments and other assets 5,783 1,283
Restricted cash 450 450
Cash and cash equivalents 29,321 26,254
Total current assets 40,685 30,971
TOTAL ASSETS 294,077 288,820
EQUITY    
Issued share capital 86 86
Share premium 285,742 285,742
Accumulated deficit (104,706) (109,834)
Total equity 181,122 175,994
NON-CURRENT LIABILITIES    
Long-term borrowings, net of current portion 48,903 51,735
Financial Liabilities, net of current portion 48,576 49,528
Provision for staff retirement indemnities 266 253
Lease liabilities 539 0
Total non-current liabilities 98,284 101,516
CURRENT LIABILITIES    
Current portion of long-term borrowings 6,051 6,097
Current portion of financial Liabilities 1,916 1,885
Trade accounts payable 2,162 1,967
Accrued liabilities and other payables 3,581 913
Current portion of lease liabilities 359 0
Deferred revenue 602 448
Total current liabilities 14,671 11,310
TOTAL LIABILITIES 112,955 112,826
TOTAL EQUITY AND LIABILITIES $ 294,077 $ 288,820