# Stainless Tankers ASA - Consolidated Financial Statements 31.03.2026

- Press release: STST: Stainless Tankers announces financial results for the three months ended March 31, 2026, Chairman and CEO change. (2026-05-06)
- Original: https://storage.mfn.se/c/aHR0cHM6Ly9hcGkzLm9zbG8ub3Nsb2JvcnMubm8vdjEvbmV3c3JlYWRlci9hdHRhY2htZW50P21lc3NhZ2VJZD02NzI0NDkmYXR0YWNobWVudElkPTMyNTA0MA/stainless-tankers-asa-consolidated-financial-statements-31-03.pdf?news-id=ec282b5a-90c9-5033-b8f6-cd7d5379ae33
- Local copy: `data/documents/STST.OL/attachments/2026-05-06_stainless-tankers-asa-consolidated-finan.pdf`

**TL;DR —** Stainless Tankers ASA reported a net loss of $56,770 in Q1 2026, a significant decline from a $4.36 million profit in Q1 2025, primarily due to lower operating revenue and the absence of vessel disposal gains.

## Takeaways
- Operating revenue decreased by 34.2% to $8.42 million in Q1 2026 from $12.80 million in Q1 2025.
- The company recorded a net loss of $56,770 in Q1 2026, compared to a net profit of $4.36 million in Q1 2025.
- EBITDA fell by 33.5% to $3.39 million in Q1 2026 from $5.10 million in Q1 2025.
- No gains from vessel disposals were recorded in Q1 2026, contrasting with $3.09 million in Q1 2025.
- Dividends paid in Q1 2026 amounted to $1.82 million ($0.135 per share), down from $3.71 million in Q1 2025.
- Total borrowings decreased to $37.91 million as of March 31, 2026, from $39.46 million at December 31, 2025.

*Generated 2026-08-30 via google/gemini-2.5-flash*