Contships Logistics Corp. Reports Financial Results for the Fourth Quarter and Twelve Months Ended December 31, 2025

Athens, Greece, February 5, 2026

Contships Logistics Corp. (the “Group” or “Contships” or “Company”), today announced its unaudited financial and operating results for the three and twelve months ended December 31, 2025.

Highlights

Fleet Composition

• During the year ended December 31, 2025, the Group completed the acquisitions of two 2,000 TEU vessels and three 1,300 TEU vessels at an aggregate acquisition cost, including preliminary expenses, of $72.0 million. Two of the vessels were delivered in May 2025 and three vessels were delivered in June 2025. Each of the five vessel acquisitions was financed using cash on hand, and no additional debt was incurred.
• During 2025, the Group completed the disposal of 15 container feeder vessels, M/V Contship Air, M/V Contship Leo, M/V Contship Med, M/V Contship Win, M/V Contship Fun, M/V Contship Gem, M/V Contship Sun, M/V Contship Key, M/V Contship Lex, M/V Contship Don, M/V Contship Oak, M/V Contship Zoe, M/V Contship Ten, M/V Contship Run and M/V Contship Sea, which were delivered to their new owners. The aggregate proceeds from these vessel sales, before any commissions and sale related costs, were $152.2 million.
• During the fourth quarter of 2025, the Group entered into two additional memoranda of agreement to sell two container vessels, M/V Contship Max II and M/V Contship Eve II. The container vessels M/V Contship Max II and M/V Contship Eve II were delivered to their new owners on January 22, 2026 and January 30, 2026, respectively, resulting in aggregate gross proceeds, before any commissions and sale related costs, of $28.0 million.
• During January 2026, the Group entered into three additional memoranda of agreement to sell three container vessels, M/V Contship Ray, M/V Contship Ono and M/V Contship Vie. Disposals of M/V Contship Ray and M/V Contship Ono were completed in January 2026, resulting in aggregate gross proceeds, before any commissions and sale related costs, of $20.75 million. Disposal of M/V Contship Vie is expected to be completed later in February 2026, resulting in aggregate gross proceeds, before any commissions and sale related costs, of $10.25 million.
• An average of 38.3 vessels were owned and operated by the Group during 2025, whereas as of December 31, 2025, the Group owned 32 vessels. Following the completion of all abovementioned transactions, the Group will own and operate 27 vessels.

Fleet Employment

In terms of time charter contract arrangements, the Group recently concluded the following fixtures:

• CMA CGM declared its option to extend Contship Luv at $15,000/day for a further 6 months.
• CMA CGM declared its option to extend Contship Sky at $15,000/day for a further 6 months.
• Contship Uno chartered to a major liner company at $15,000/day on a 9-12 month time charter.
• Contship Ice chartered to a major liner company at $20,000/day on a 23-25 month time charter.
• Contship Rex II chartered to a major liner company at $20,000/day on a 23-24 month time charter.
• As of January 1, 2026, and as adjusted to incorporate all recent fixtures and vessels’ sale transactions finalized in early 2026, the Group’s secured revenue backlog stands at $213.8 million, estimated based on each vessel’s latest redelivery date.
• For the Group’s 32 owned vessels, as of January 1, 2026, 7,990 days have been contracted for the period from January 1, 2026 to December 31, 2026, representing 80% charter coverage, after giving effect to all recent fixtures and vessels’ sale transactions finalized in early 2026, as disclosed above.

Fleet Operations & Revenues

• Fleet operational utilization was 99% for 2025.
• Fleetwide, the Group achieved an average daily time charter rate, net of address commissions, of $14,720 for the year ended December 31, 2025, generating revenue of $203.7 million and a profit of $38.1 million.
• For 2026, the Group is expected to achieve an average gross daily time charter rate of approximately $16,800.

Financial Developments

• On February 11, 2025, the Group completed a $100.0 million 5-year senior unsecured sustainability-linked bond issue in Norway with a 9.0% coupon. The bond was successfully listed on the Oslo Stock Exchange on July 11, 2025.
• Subsequently, on September 10, 2025, the Group completed a tap bond issue of $75.0 million, under the same bond, also carrying a 9.0% coupon per annum, which was listed on the Oslo Stock Exchange on October 17, 2025. Proceeds from both issues are expected to be utilized for general corporate purposes and to support the Group’s fleet renewal program.
• During 2025, the Group prepaid $39.0 million of its long-term debt in conjunction with the completed sales of 15 vessels (M/V Contship Air, M/V Contship Leo, M/V Contship Med, M/V Contship Win, M/V Contship Fun, M/V Contship Gem, M/V Contship Sun, M/V Contship Key, M/V Contship Lex, M/V Contship Don, M/V Contship Oak, M/V Contship Zoe, M/V Contship Ten, M/V Contship Run and M/V Contship Sea).
• In October 2025, the Group completed voluntary partial bank debt prepayments totaling $99.6 million.
• During 2025, the Group reduced its cost of debt by reducing the margin in all bank loan facilities, as well as extending the maturities of certain loan facilities. These amendments have decreased the Group’s weighted average margin to 1.30% based on total bank debt outstanding after all prepayments that occurred in October 2025.
• On October 9, 2025 the Company paid a $20.0 million dividend to its shareholders distributing part of its accumulated profits. Dividend distributions during 2025 amounted to $32.5 million in aggregate, including the $12.5 million dividend paid on February 24, 2025.
• As of December 31, 2025, bank debt amounted to $13.5 million and outstanding bonds amounted to $175.0 million.
• In January 2026 the Group completed a $25.0 million tap bond issue of its outstanding senior unsecured sustainability-linked bond due February 11, 2030, also carrying a 9.0% coupon per annum. Proceeds from the tap issue are expected to be utilized for general corporate purposes of the Group. Following the tap issue, outstanding bonds amount to $200.0 million.
• So far in 2026, the Group has prepaid $1.5 million of its long-term debt in conjunction with the completed sales of vessels M/V Contship Ray and M/V Contship Ono and the expected sale of M/V Contship Vie. Following these prepayments, the Group’s total outstanding bank debt balance is currently $12.0 million.
• Cash and cash equivalents amounted to $156.6 million as of December 31, 2025. Following the aforementioned completed S&P and financial developments and cash generated from operations, the Group’s available liquidity as of February 1, 2026 stands at approximately $236.7 million.
• As of December 31, 2025, shareholders’ equity amounted to $427.1 million.

The Q4 2025 report is attached to this release and is available on the Company’s website: contships-logistics.com/financial-reports

For more information, contact: ir@contships-logistics.com

About Contships Logistics Corp.
Contships Logistics Corp. is the world’s largest independent owner of container feeder vessels focused on vessels between 900 TEU and 2,000 TEU. The Company has 28 container feeder vessels in operation.