AI OKTO Corp.
For the period ended Oct 15, 2026. Filed Oct 15, 2026.
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Oct 15, 2026 · Filed Oct 15, 2026
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Contents
EX-99.1 · Segment reporting:
Segment reporting:
The reportable segment reflects the internal organization of the Company and the way the chief operating decision maker (“CODM”), who is the Chief Executive Officer of the Company, reviews the operating results and allocates capital within the Company. Since the Company has one reportable segment, which it refers to as the LPG carrier segment, the CODM assesses segment performance using a key financial measure, net income. This metric helps the CODM assess segment profitability, optimize fleet deployment, control costs and determine capital allocation. Based on these segment performance trends, the CODM makes resource allocation decisions such as adjusting chartering strategies, prioritizing fleet expansion or disposals, and optimizing cost efficiencies to enhance profitability and overall segment performance. In addition, the CODM reviews segment assets as reported on the combined carve-out balance sheets as “Total Assets”.
The following table summarizes the Company’s significant segment information:
| Six months ended June 30, 2025 | Six months ended June 30, 2026 | |
|---|---|---|
| Time charter revenues | $7,528,174 | $4,205,437 |
| Total vessel revenues | $7,528,174 | $4,205,437 |
| Voyage expenses (including charges from related party) | (360,353) | (210,289) |
| Vessel operating expenses | (3,851,595) | (1,873,745) |
| Management fees to related party | (775,404) | (398,200) |
| Depreciation and amortization | (1,891,522) | (1,149,865) |
| Other segment items(1) | (578,566) | (385,540) |
| Net income | $70,734 | $187,798 |
(1)
Other segment items of the segment include Interest and finance costs, Interest income, Foreign exchange losses and corporate general and administrative expenses (including related party).
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