Investor Presentaiton

Statement of Operations (USD) Statement of Operations Data Revenues Voyage expenses Charter hire expenses Vessel operating expenses Depreciation and amortization General and administrative expenses Gain on disposal of vessels Other income-related parties Operating income Interest and finance costs Realized loss on derivatives Other income, net Net Income Other Financial Data Time charter equivalent rate (1) Daily vessel operating expenses Adjusted EBITDA (3) (2) EA $ $ Year Ended March 31, 2022 (Audited) Year Ended March 31, 2021 (Audited) 315,938,812 274,221,448 $ (4,324,712) (3,409,650) (16,265,638) (18,135,580) (74,204,218) (78,219,869) (66,432,115) (68,462,476) (30,226,739) (33,890,999) 7,256,897 2,374,050 2,279,454 92,398,973 $ 116,099,692 (27,067,395) (3,450,443) 10,053,883 71,935,018 $ (27,596,124) (4,568,033) 8,629,118 92,564,653 (Unaudited) (Unaudited) $ 34,669 $ 39,606 $ $ 9,538 $ 9,741 161,149,380 $ 188,555,935 (1) Our method of calculating time charter equivalent rate is to divide revenue net of voyage expenses by operating days for the relevant time period (2) Calculated by dividing vessel operating expenses by calendar days for the relevant time period (3) Represents net income/(loss) before interest and finance costs, unrealized (gain)/loss on derivatives, realized (gain)/loss on interest rate swaps, stock-based compensation expense, and depreciation and amortization and is used as a supplemental financial measure by management to assess our financial and operating performance 31

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