Pyxis Tankers Inc
pyxistankers.comWhat Do They Do?
Charters product tankers and dry-bulk carriers to move refined petroleum products, other liquid cargoes and dry-bulk commodities for cargo owners and traders.
20-F for FY2025, filed Apr 1, 2026
How Do They Make Money?
Charterers pay a daily rate to use a vessel for a set period; for a spot voyage, they pay by the ton carried on a single voyage.
20-F for FY2025, filed Apr 1, 2026
-
20-F for FY2025, filed Apr 1, 2026
FY2025 revenue by product or service (Revenue from Contract with Customer, Including Assessed Tax) ↗
$39M
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20-F for FY2025, filed Apr 1, 2026
$39M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Spot Voyage Charters
Sold outright
|
5.2% |
Spot Voyage Charters, FY2025
$2M Sources
|
Sold outright |
|
Time Charters
Recurring
20-F for FY2025, filed Apr 1, 2026 |
95%
FY2022: 33%
|
Time Charters, FY2025
$37M Sources
|
Recurring |
Who Are Their Customers?
Product tankers serve oil companies, refiners and commodity traders; dry-bulk vessels serve producers, traders and other shipping companies.
20-F for FY2025, filed Apr 1, 2026We market our product tankers and related freight services to a broad range of customers, including international commodity trading…View ↗
20-F for FY2025, filed Apr 1, 2026
Charterer Year ended December 31, 2024 2025 P.M.I. Trading Designated Activity Company 31 % — Trafigura Maritime Logistics Pte. Ltd. 20 % —…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 5 cents of every revenue dollar as net income in FY2025.
20-F for FY2025, filed Apr 1, 2026
How Are They Changing?
Growing. Revenue grew 54% in 4 years, from $25.3M in FY2021 to $39M in FY2025, about 11% a year.
Added dry-bulk shipping
The business expanded from product tankers into dry-bulk shipping, adding carriers alongside its tanker fleet.
20-F for FY2022, filed Apr 12, 2023 20-F for FY2025, filed Apr 1, 2026We are an international maritime transportation company focused on the product tanker sector. As of March 31, 2023, our fleet is comprised…View ↗
We are an international maritime transportation company focused on mid-sized eco-vessels for the product tanker and dry-bulk sectors. As of…View ↗
Charter mix described differently
The fleet's described employment shifted from a mix of spot and medium-term time charters to short- and medium-term time charters.
20-F for FY2022, filed Apr 12, 2023 20-F for FY2025, filed Apr 1, 2026We are an international maritime transportation company focused on the product tanker sector. As of March 31, 2023, our fleet is comprised…View ↗
We are an international maritime transportation company focused on mid-sized eco-vessels for the product tanker and dry-bulk sectors. As of…View ↗
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