Seanergy Maritime Holdings Corp
NASDAQ:SHIP

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Seanergy Maritime Holdings Corp Logo
Seanergy Maritime Holdings Corp
NASDAQ:SHIP
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Price: 9.43 USD -2.98% Market Closed
Market Cap: 199.1m USD

Seanergy Maritime Holdings Corp
Investor Relations

Seanergy Maritime Holdings Corp. operates as an international shipping company. The company is headquartered in Athina, Attiki and currently employs 46 full-time employees. The company went IPO on 2007-10-26. The firm provides marine dry bulk transportation services through the ownership and operation of dry bulk vessels. The company owns a modern fleet of seventeen dry bulk carriers, consisting of seventeen Capesizes, with a combined cargo-carrying capacity of approximately 3,011,083 deadweight tonnages (dwt) and an average fleet age of about 11.7 years. Its fleet comprises vessels, including Flagship, Worldship, Gloriuship, Geniuship, Premiership, Squireship, Championship, Lordship, Goodship, and Hellaship, among others. The firm's subsidiaries, which are all, owned by it either directly or indirectly, conduct all of its operations and own all of its operating assets. The firm manages its vessel's operations, insurances and bunkering, and has the general supervision of its third-party technical and commercial managers. V.Ships Limited, which is an independent third party, provides technical management for its vessels.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 13, 2025
AI Summary
Q3 2025

Strong Q3 Performance: Seanergy reported third-quarter net revenue of $47 million, adjusted EBITDA of $26.6 million, and net income of $12.8 million, driven by strong Capesize market conditions.

Dividend Commitment: The company declared a $0.13 per share cash dividend for Q3, bringing 2025 total distributions to $0.23 per share and reaffirming its focus on shareholder returns.

Fleet Renewal & Expansion: Seanergy ordered its first newbuild Capesize vessel for $75 million (delivery in Q2 2027) and sold an older vessel, boosting fleet liquidity and efficiency.

Optimistic Market Outlook: Management expects continued strength in the Capesize market due to tight vessel supply, strong iron ore and bauxite demand, and constrained shipyard capacity.

Healthy Balance Sheet: Cash stood at $37 million, debt at $292 million, and loan-to-value ratio below 45%, supporting ongoing investments and dividends.

Attractive Financing Environment: The company is finalizing newbuild financing at competitive rates, with current debt cost estimated below 6%.

Key Financials
Net Revenue
$47 million
Adjusted EBITDA
$26.6 million
Net Income
$12.8 million
Earnings Per Share
$0.61
Dividend Per Share (Q3)
$0.13
Dividend Per Share (2025 YTD)
$0.23
Net Revenue (9 months)
$108.7 million
Adjusted EBITDA (9 months)
$52.8 million
Net Income (9 months)
$8.8 million
Earnings Per Share (9 months)
$0.42
Cash Position
$37 million
Total Debt
$292 million
Shareholders' Equity
$271 million
Loan-to-Value Ratio
below 45%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Stamatios Tsantanis
Chairman & CEO
No Bio Available
Mr. Stavros Gyftakis
Chief Financial Officer
No Bio Available
Ms. Theodora Mitropetrou
General Counsel & Corporate Secretary
No Bio Available

Contacts

Address
ATTIKI
ATHINA
154 Vouliagmenis Avenue, Glyfada
Contacts