Declares Quarterly Cash Dividend of $0.05 Per Share | Highlights | | | | | | --- | --- | --- | --- | --- | | (in million USD, except EPS) | Q2 2025 | Q2 2024 | 6M 2025 | 6M 2024 | | Net Revenues | $37.5 | $43.1 | $61.7 | $81.4 | | Net income / (loss) | $2.9 | $14.1 | ($4.0) | $24.3 | | Adjusted net income / (loss) | $3.8 | $16.0 | ($1.7) | $27.6 | | EBITDA | $17.4 | $25.8 | $24.0 | $47.4 | | Adjusted EBITDA | $18.3 | $28.0 | $26.3 | $51.2 | | Earnings / (loss) per share Basic and Diluted | $0.14 | $0.68 | ( ...

Earnings Release: Tuesday, August 5, 2025, Before Market Open in New York Conference Call and Webcast: Tuesday, August 5, 2025, at 9:00 a.m. Eastern Time GLYFADA, Greece, July 31, 2025 (GLOBE NEWSWIRE) -- Seanergy Maritime Holdings Corp. (the "Company" or "Seanergy") (NASDAQ: SHIP) announced today that it will release its financial results for the second quarter and six months ended June 30, 2025, prior to the open of the market in New York on Tuesday, August 5, 2025. The Company is incorporated in the Repu ...

Financial Performance - For Q1 2025, the company reported net revenues of $24.2 million, a decrease from $38.3 million in Q1 2024, reflecting a decline of approximately 37.5% [5][4] - The net loss for the quarter was $6.8 million, compared to a net income of $10.2 million in the same period last year [5][4] - Adjusted net loss was $5.2 million, down from an adjusted net income of $11.6 million in Q1 2024 [5][4] - EBITDA for Q1 2025 was $6.6 million, significantly lower than $21.6 million in Q1 2024, indicating a decline of about 69.5% [5][4] - Adjusted EBITDA also fell to $8.0 million from $23.2 million year-over-year [5][4] Fleet and Operational Highlights - The company's fleet achieved a daily Time Charter Equivalent (TCE) of $13,403 in Q1 2025, which is a 44.5% decrease from $24,073 in Q1 2024 [18][5] - Fleet utilization was reported at 96.3%, slightly down from 99.4% in the previous year [18][5] - The company has a total of 21 vessels in its fleet, with an average age of approximately 13.9 years [46][4] Dividend and Shareholder Returns - The company declared a quarterly cash dividend of $0.05 per common share for Q1 2025, marking the 14th consecutive quarterly dividend [4][11] - Cumulative cash dividends paid to shareholders have reached $43.1 million, equating to $2.26 per share [7][11] Market Outlook and Strategy - The company remains optimistic about the Capesize segment, citing expanding global seaborne trade volumes and constrained supply growth due to a low order book and tightening regulations [12][14] - The company has secured approximately one-third of its operating days for 2025 at an average daily rate exceeding $22,000, enhancing earnings visibility [11][10] - The company is focused on selective fleet expansion and strategic refinancing to improve financial flexibility [8][9] Recent Developments - The company successfully delivered two new vessels in Q1 2025, enhancing its fleet capacity [9][31] - It completed $88.1 million in new financing and refinancing transactions, improving terms and addressing near-term debt maturities [7][9] - The company has entered into various time charter agreements, including a new T/C for the M/V Meiship with Costamare [33][32]

Core Viewpoint - Seanergy Maritime Holdings Corp. is set to release its financial results for the first quarter ended March 31, 2025, on May 27, 2025, before the market opens in New York [1]. Group 1: Financial Results Announcement - The financial results will be announced prior to the market opening on May 27, 2025 [1]. - A conference call and simultaneous Internet webcast will be held on the same day at 09:00 a.m. Eastern Time to review these results [2]. Group 2: Company Overview - Seanergy Maritime Holdings Corp. is a prominent pure-play Capesize shipping company publicly listed in the U.S. [5]. - The company operates a modern fleet consisting of 21 vessels, including 2 Newcastlemax and 19 Capesize vessels, with an average age of approximately 13.9 years and a total cargo carrying capacity of about 3,803,918 dwt [5]. - The company is incorporated in the Republic of the Marshall Islands and has executive offices in Glyfada, Greece, with its common shares trading on the Nasdaq Capital market under the symbol "SHIP" [6].

Company Overview - Seanergy Maritime Holdings Corp. is a prominent pure-play Capesize shipping company publicly listed in the U.S. [2] - The company provides marine dry bulk transportation services through a modern fleet of Capesize vessels, consisting of 21 vessels (2 Newcastlemax and 19 Capesize) with an average age of approximately 13.8 years and an aggregate cargo carrying capacity of approximately 3,803,918 dwt [2]. Recent Developments - The company announced the filing of its Annual Report on Form 20-F for the fiscal year ended December 31, 2024, with the U.S. Securities and Exchange Commission [1]. - The Annual Report can be accessed through Seanergy's website in the "Investor Relations" section under "Financial Reports" [1]. Corporate Structure - Seanergy is incorporated in the Republic of the Marshall Islands and has executive offices located in Glyfada, Greece [3]. - The company's common shares trade on the Nasdaq Capital Market under the symbol "SHIP" [3].