International Seaways (INSW) reported Q4 FY2025 net income of USD 128 million (USD 2.56 per diluted share) and adjusted net income of USD 122 million (USD 2.45 per diluted share). Q4 shipping revenues were USD 268 million (+37.7%), with consolidated TCE revenues of USD 260 million (+36.4%) and adjusted EBITDA of USD 175 million (+84.3%). For FY2025, INSW posted net income of USD 309 million (USD 6.23 per diluted share) and adjusted EBITDA of USD 475 million. Total liquidity was USD 724 million as of Dec. 31, 2025, including total cash of USD 167 million and USD 557 million of undrawn revolving credit capacity, with net loan-to-value at approximately 13%. In fleet and corporate updates, INSW acquired sole ownership of Tankers International on Jan. 27, 2026, and said the platform is expanding into a new Suezmax pool. The company took delivery of the 2020-built VLCC Seaways Gibbs Hill in Q4 for an aggregate price of USD 119 million and delivered the LR1 newbuilding Seaways Balboa in Q4. INSW sold 10 vessels during 2025 for net proceeds of approximately USD 131 million and, in 2026 to date, has sold or agreed to sell seven vessels for approximately USD 216 million, expecting to recognize gains of approximately USD 80 million. The board declared a combined dividend of USD 2.15 per share to be paid in March 2026, representing 87% of adjusted net income.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. International Seaways Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202602260645BIZWIRE_USPR_____20260226_BW434448) on February 26, 2026, and is solely responsible for the information contained therein.