SVRN · OceanPal Inc.

Summary

OceanPal Inc. reported financial results for the year ended December 31, 2025, showing vessel revenues of $13.4 million and net loss of $65.2 million, alongside introducing 2026 guidance with shipping EBITDA of $1.5-$2.5 million and SovereignAI EBITDA positive across NEAR price scenarios. Balance sheet highlights include $77.5 million in digital assets and $156.6 million in stockholders’ equity.

Key takeaways

• Vessel Revenues $13.4M in 2025 vs $25.7M in 2024
• Net Loss $65.2M in 2025 vs $17.9M in 2024
• Cash and Equivalents $33.2M, Digital Assets $77.5M as of Dec 31, 2025
• 51.3M NEAR tokens held generating 5.0% target annualized yield
• 2026 Shipping Guidance: Vessel Revenue $13.0-$14.0M, EBITDA $1.5-$2.5M
• ATM Program: $2.17M raised from 3.22M shares post-2025; $17.9M remains
• Share Buy-Back: 702K shares repurchased; $9.2M remains as of Mar 26, 2026