Seanergy Maritime Holdings Corp.

Seanergy Maritime Holdings Corp. Earnings Recaps

SHIP Industrials 1 recap
Q3 2025 Nov 13, 2025

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.

Key takeaways
  • 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.
Full recap