Tsakos Energy Navigation Limited

Thank you for standing by, ladies and gentlemen, and welcome to Thakos Energy Navigation Conference Call on the third quarter 2025 financial results. We have with us Mr. Thakis Arapoglou, Chairman of the Board, Dr. Nicholas Thakos, Founder and CEO, Mr. George Soroglu, President and Chief Operating Officer, and Mr. Harris Cosmatos, Co-CFO of the company. At this time, all participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session, at which time, if you wish to ask a question, please press star 1 on your telephone keypad and wait for your name to be announced. I must advise that this conference is being recorded today. And now I pass the floor to Mr. Nicholas Bournosis, President of Capitalink and Investor Relations Advisor to Tsakos Energy Navigation Limited. Please go ahead, sir.

Thank you very much, and good morning to all of our participants. As you mentioned, I'm Nicholas Bournosis, President of Capitalink and Investor Relations Advisor to Tsakos Energy Navigation. This morning, the company publicly released its financial results for the nine months and third quarter ended September 30, 2025. In case you do not have a copy of today's earnings release, please call us at 212-661-7566 or email us at 10TEN at CapitalLink.com and we will have a copy for you emailed right away. Please note that prior to today's conference call, there is also a live audio and slide webcast, which can be accessed on the company's website on the front page at www.tenn.gr. The conference call will follow the presentation slides, so please, we urge you to access the presentation slides on the company's website. Please note... that the slides of the webcast presentation will be available and archived on the website of the company after the conference call. Also, please note that the slides of the webcast presentation are user-controlled, and that means that by clicking on the proper button, you can move to the next or to the previous slide on your own. At this time, I would like to read the Safe Harbor Statement. This conference call and slide presentation of the webcast contains certain forward-looking statements within the meaning of the Safe Harbor provision of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which may affect tense business prospects and results of operations. And before turning the call over to Mr. Arapoglou, let me take the opportunity to congratulate Dr. Tsakros for your recent recognition in New York by the Philoptical Society of the Greek Orthodox Cathedral, paying tribute to your personal and the group's contribution to the global maritime industry, to philanthropy, education, and community welfare. Congratulations. And at this moment, I would like to pass the floor to Mr. Arapoglou, the chairman of Xarcos Energy Navigation. Please go ahead, sir.

Thank you, Nicolas. Good morning and good afternoon to all. Thank you for joining us today for the announcement of the nine-month and third-quarter results of 2025. No surprises. Our business model continues producing sustainable profits, beating estimates, as you saw, while at the same time building up a solid stream of $4 billion of accretive future contracted revenue. This provides stability and more predictability in our results going forward. As we explained many times in the past, and mitigates volatility in the stock price while maintaining a very solid cash position of nearly $300 million. These results are a product of high fleet utilization, best-in-class operating efficiency, by now a trademark for 10. We're reminding the market of our record 20-vessel new building program, with deliveries starting Q1 2026. until Q4 2028, ten of which the shuttle tankers, with long-term accretive employment. The program includes, of course, three VLCCs, materially growing our presence in the sector, in this sector of the market. At the same time, and as mentioned earlier in earlier communications, we are focusing our older tonnage in order to continue maintaining a young and very modern fleet. Lastly, as mentioned in our press release, after the $0.60 per share interim dividend in July, we declare payment of an additional $1 per share dividend. This will be paid in two equal tranches of $0.50 each, one in December 19, 2025, and one February 19, in order to, going forward, gradually align dividend dates with the timing of audited results, as Nikos Tsarkos will explain later. At today's top price, the total dividend of $1.60 per share for the year represents a very attractive yield of over 4%. So congratulations once again to Nikos Tsarkos and his team. They have proven track record and business model in a market with stronger tanker fundamentals and turbulent geopolitics, this ensures continued success. Thank you very much. And over to you, Nikos.