Basis of Presentation and General Information (Tables)

12 Months Ended

Dec. 31, 2025

Basis of Presentation and General Information [Abstract]

Vessels Owned

As of December 31, 2025, Icon’s fleet comprised of the following dry bulk vessels:

Vessel Name	Vessel Type		Year Built		Charter Type		Earliest Charter Expiration	Latest Charter Expiration
Alfa	Panamax		2006		Index-linked time charter		July 2026	Evergreen(1)
Bravo	Kamsarmax		2007		Index-linked time charter		May 2026	Evergreen(1)
Charlie	Ultramax		2020		Index-linked time charter(2)		March 2026	June 2026

(1) The charter continues indefinitely, subject to 3 months’ termination notice by either party.

(2) In addition to the daily hire rate, the Company is also entitled to receive part of the fuel cost savings to be realized by the charterer through the use of the vessel’s scrubber.

Subsidiaries

Subsidiaries. The accompanying consolidated financial statements include the accounts of Icon and its subsidiaries:

Company		Activity		Incorporation country		Vessel name
Icon Energy Corp.		Parent holding		Marshall Islands		—
Maui Shipping Co.(1)		Intermediate holding		Marshall Islands		—
Positano Marine Inc.(1)		Shipowning		Marshall Islands		M/V Alfa
Reef Shiptrade Ltd.(1)		Shipowning		Marshall Islands		M/V Bravo
Charlie Marine Ltd.(1)		Bareboat charterer		Marshall Islands		M/V Charlie

(1) Wholly owned subsidiaries