Tsakos Energy Navigation Limited

Thank you for standing by, ladies and gentlemen, and welcome to SACO's Energy Navigation Conference Call on the Fourth Quarter 2025 Financial Results. We have with us Mr. Takis Arapoglu, Chairman of the Board, Mr. Nicholas SACO, Founder and CEO, Mr. George Saroglu, President and Chief Operating Officer, and Mr. Harrys 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'll pass the floor to Mr. Nicholas Bournosis, President of CapitalLink and Investor Relations, advisor to SACO's Energy Navigation Limited. Please go ahead, sir.

Thank you very much, and good morning to all of our participants. I am Nicolas Bornozis, President of Capitalink and Investor Relations Advisor to Chakos Energy Navigation. This morning, the company publicly released its financial results for the 12 months and fourth quarter ended December 31st, 2025. In case we do not have a copy of today's earnings release, please call us at 212-325-7000. or email us at 10TEN at capitolink.com and we will have a copy for you emailed right away. Now please note that parallel 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. Now, 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. Now, 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 Security Certification Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties which may affect business prospects and results of operations. And at this moment, I would like to pass the floor to Mr. Arapoglou, the chairman of Chakos Energy Navigation. Mr. Arapoglou, please go ahead, sir.

Thank you, Nicholas. Good morning, good afternoon to everyone. Thanks for joining our call today. I have really nothing to add on the brilliant financial performance and the usual enthusiasm quality of operating performance for 10. Just four points from me worth noting. All of our 19 new buildings under construction, including the two recent VLCCs and the LNG are already in the money. The second point is that we sold the 10 year old VLCC generating $82 million of free cash to be added to the 300 million already existing cash cushion that we traditionally keep. The third point is that the locked in contracted future revenue has now gone over the 4 billion mark, excluding profit shares. And lastly, which is Very important. Twenty-two of our vessels are taking full advantage of the high rates in the spot market stroke profit share as we speak. So all the above, I believe, guarantee a continuous strong performance going forward. And with this, I give the floor to Nikola Tsakos.