Seanergy Maritime Holdings Corp reported a profitable Q3 2025, driven by strong earnings from its Capesize and Newcastlemax fleet, with net revenue of $47 million and a declared cash dividend of $0.13 per share.
- Q3 net revenue rose 6% YoY to $47 million; adjusted EBITDA was $27.5 million, highlighting consistent operational performance.
- Declared total cash dividends of $0.23 per share for 2025, reflecting a commitment to shareholder returns despite market volatility.
- Successful fleet optimization with the sale of a vintage Capesize vessel for $21.6 million, enhancing liquidity and fleet composition.
- Strategic newbuilding order for a 181,000 DWT Capesize at a competitive price of $75 million, scheduled for delivery in 2027, positioning for future market growth.
- Strong cash position of $37 million, enabling continued investment in fleet and maintaining robust financial flexibility.
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