Imperial Petroleum reported a surge in fourth-quarter revenue and sustained annual profitability, as the Athens-based shipowner leverages a debt-free balance sheet to aggressively expand its presence in the tanker and drybulk markets.
Imperial Petroleum (NASDAQ:IMPP) announced Friday that fourth-quarter 2025 revenues reached $51.1 million, a 95% increase compared to the same period in 2024.
The company posted a quarterly net income of $15 million, capping a fiscal year that saw total net income reach $50 million and adjusted EBITDA hit $71 million.
The company’s "dynamic expansion" strategy was a primary driver of the results.
Imperial’s fleet averaged 19 vessels during the fourth quarter, nearly double the capacity it operated at the start of the year.
Management confirmed it has already secured agreements to add six more vessels in 2026—five handysize drybulk carriers and one product tanker—bringing its total fleet on the water to 26 ships with an aggregate capacity of 1.5 million deadweight tons.
Financially, Imperial remains in a rare position among its maritime peers, finishing 2025 with $179.1 million in cash and zero total debt.