Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2026

The table below presents information about the Company’s reportable segments for the six months ended June 30, 2026. The accounting policies followed in the preparation of the reportable segments are the same as those followed in the preparation of the Company’s unaudited interim condensed consolidated financial statements. Segment results are evaluated based on income from operations.

	Six months ended June 30, 2026
	Tanker Segment		Megayacht Segment		Total
REVENUES:
Total revenues		23,267		2,208		25,475
EXPENSES:
Voyage expenses		466		431		897
Other vessel operating expenses		5,354		654		6,008
Dry-docking costs		-		330		330
Vessel depreciation		4,574		477		5,051
Management fees-related parties-direct		498		125		623
Segments operating results		12,375		191		12,566
General and administrative expenses						(769	)
Interest and finance costs						(5,739	)
Interest income						74
Management fees-related parties- overhead costs						(180	)
Equity gains in unconsolidated joint ventures						532
Net income						6,484

Reconciliation of Total Segment Assets to Total Assets

A reconciliation of total segment assets to total assets presented in the accompanying unaudited interim condensed consolidated balance sheets as of June 30, 2026 is as follows:

	As of June 30, 2026
Tanker segment		303,433
Megayacht segment		25,650
Cash and cash equivalents including restricted cash		13,297
Investments in unconsolidated joint ventures		7,114
Other fixed assets, net		505
Advances for asset acquisition to related party		23,500
Total consolidated assets		373,499