TSAKOS ENERGY NAVIGATION LTD files 20-F

Tsakos Energy Navigation Limited reported a net income attributable to the company of $160.9 million for the year ended December 31, 2025, a decrease from $176.2 million in 2024, primarily due to lower average charter rates and reduced gains from vessel sales, despite improved fleet utilization. The company continued its fleet renewal and expansion, taking delivery of four new vessels and selling four older ones, while navigating ongoing geopolitical disruptions in the Middle East and Ukraine that impacted shipping markets.