Icon Energy (ICON)
Owns and charters dry-bulk vessels for global commodity transport.
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Owns and charters a small dry-bulk fleet that transports commodities worldwide, earning mainly fixed-rate and Baltic-index-linked time-charter hire. Corporate, commercial and technical operations are supplied by CEO-controlled Pavimar, while charterers determine vessel deployment within charter limits.
Operates a three-vessel dry-bulk fleet—Panamax Alfa, Kamsarmax Bravo and Eco Ultramax Charlie—moving grains, minerals, iron ore, coal and bauxite for operators, commodity traders and end users worldwide. Revenue primarily comes from fixed-rate and Baltic-index-linked time charters, with voyage charters also available; charterers generally bear voyage expenses while vessel ownership retains crew, insurance, maintenance, repairs, drydocking and surveys.
Owns Alfa and Bravo and accounts for Charlie under a finance lease, while Pavimar, controlled by its chairwoman and CEO, supplies corporate, commercial and technical management. Revenue depends on a concentrated charterer base, external financing, and compliance with maritime and environmental rules. Vessels are deployed worldwide within charter limits and remain exposed to war, sanctions, piracy and route disruption.
Company facts
Categories
Target rangeAs of Sep 2, 2026
Latest analyst notes
No analyst notes in the last 24 months.
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $7.7M · Total debt $33.8M · Total assets $64.8M · Shareholders' equity $27.4M
- Revenue
- $4.2M
- Operating income
- −$148.0K
- Net income
- −$784.0K
Last raised to $0.07 from $0.085 split-adjusted in May 2025.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 16, 2025 | May 16 | May 30 | $0.07 | raised from $0.085 split-adjusted |
| Dec 16, 2024 | Dec 16 | Dec 27 | $0.085 | raised from $0.08 |
| Sep 13, 2024 | Sep 15 | Sep 30 | $0.08 |
| Institutions6 holders · as of Mar 31, 2026 | 284.01% | 49.1K ADS | |
| Insiders1 holder · as of Mar 27, 2026 | 0.72% | 125 ADS | |
| Adds to | 284.73% |
17.3K ADS (1 ADS = 8 ordinary shares) as of Sep 3, 2026 · institutions as of Mar 31, 2026 · holders as of their latest filing
Two share counts disagree (17.3K in the company's Sep 3, 2026 report, 397.8K elsewhere); stakes use the report.
A stock split fell inside the quarter, so quarter-on-quarter changes are not shown.
These groups come from separate filings that can overlap, so they add to 284.73%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Evidence |
|---|---|---|---|
Yorkville Advisors Global, LPInstitution | 173.42% | 30,000 ADS | 13Fas of Mar 31, 2026 |
Virtu Financial LLCInstitution | 98.78% | 17,088 ADS | 13Fas of Mar 31, 2026 |
UBS Group AGInstitution | 11.60% | 2,007 ADS | 13Fas of Mar 31, 2026 |
Ismini Evangelia PanagiotidiInsiderdirector, 10 percent owner, officer: Chief Executive Officer | 0.72% | 1,000 ordinary | Form 4filed Mar 27, 2026 ↗ |
Allworth Financial LPInstitution | 0.14% | 25 ADS | 13Fas of Mar 31, 2026 |
| See all 24 → | |||
13F — a manager's quarterly holdings · Form 4 — an insider's transaction report
Insider tradesForm 4
No open-market trades in the last 12 months.
- Star Bulk Carriers
Scale competitor across Panamax, Kamsarmax and Ultramax capacity.
- Diana Shipping
Direct rival across all three mid-sized dry-bulk vessel classes.
- EuroDry
Exact fleet-class overlap in global dry-bulk spot and period charters.
- Pyxis Tankers
Close-format rival in eco Kamsarmax and Ultramax charters.
- Safe Bulkers
Large Panamax and Kamsarmax rival for global bulk-charter programs.
- Pangaea Logistics Solutions
Cargo-focused rival in Panamax and Ultramax dry-bulk logistics.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Icon Energy | $0.9800 | −0.19% | $381.9K | — | — | 0.0 | +174.5% |
| Star Bulk Carriers | $31.82 | +0.06% | $3.55B | 12.5 | 7.1 | 3.0 | +15.0% |
| Diana Shipping | $2.99 | −0.33% | $371.9M | 6.2 | 8.6 | 1.7 | +4.8% |
| EuroDry | $56.18 | +0.32% | $161.9M | 16.9 | 9.5 | 2.6 | +56.9% |
| Pyxis Tankers | $6.25 | −2.95% | $66.0M | 8.0 | — | 1.6 | +32.6% |
| Safe Bulkers | $9.12 | +0.27% | $925.6M | 11.7 | 15.2 | 3.0 | +33.0% |
| Pangaea Logistics Solutions | $8.39 | +0.90% | $543.6M | 11.1 | 9.7 | 0.8 | +19.4% |
| Median | 11.4 | 9.5 | 2.2 | +26.0% |