Quarterly ResultMay 29, 2026, 04:15 PM
Seanergy Maritime Q1 2026 Net Income $9.7M; Declares $0.20 Dividend
AI Summary
Seanergy Maritime Holdings Corp. reported strong Q1 2026 financial results with Net Revenues of $42.9 million, up 77% year-over-year, and Net Income of $9.7 million, a significant improvement from a $6.8 million loss in Q1 2025. The company declared its 18th consecutive quarterly cash dividend of $0.20 per share. Seanergy also expanded its fleet renewal program to $460 million, adding a new Capesize newbuilding for 2027, bringing the total to six modern eco-design vessels, and agreed to sell an older vessel for $29.5 million.
Key Highlights
- Q1 2026 Net Revenues: $42.9 million, up 77% from Q1 2025.
- Q1 2026 Net Income: $9.7 million, compared to $(6.8) million loss in Q1 2025.
- Q1 2026 Adjusted EBITDA: $28.1 million, a 251% increase YoY.
- Q1 2026 EPS: $0.45, up from $(0.34) in Q1 2025.
- Declared $0.20 per share cash dividend, 18th consecutive quarterly distribution.
- Fleet renewal program expanded to $460 million for six new eco-design vessels.
- Agreed to sell a 2010-built Capesize vessel for $29.5 million.
- Q2 2026 TCE guidance: Approximately $31,430 per day.
Price Impact
More from SHIP