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United Maritime Corp
NASDAQ:USEA

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United Maritime Corp
NASDAQ:USEA
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Price: 1.74 USD -1.69% Market Closed
Market Cap: 16m USD

United Maritime Corp
Investor Relations

United Maritime Corp is a GR-based company operating in Marine industry. The company is headquartered in Athina, Attiki. The company went IPO on 2022-07-06. United Maritime Corp is a Greece-based international shipping company primarily engaged in worldwide seaborne transportation services. The Company’s fleet consists of four tanker vessels and one dry bulk vessel with an aggregate cargo carrying capacity of over 600,000 dwt tons. The firm's executive offices are located in Glyfada, Greece.

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Last Earnings Call
Fiscal Period
Q2 2025
Call Date
Aug 6, 2025
AI Summary
Q2 2025

Revenue & Profit: United Maritime reported Q2 net revenue of $12.5 million, EBITDA of $5.9 million, and net income of about $1 million, reflecting a strong rebound from Q1.

Dividend & Capital Return: The Board declared a $0.03 per share cash dividend for Q2, consistent with its policy, with $1.65 per share paid since 2023.

Vessel Sales & Liquidity: Two older Capesize vessels were sold for $15 million and $17.8 million, expected to generate $17.9 million in net liquidity and a $1.5 million book profit in Q3.

Guidance: 68% of Q3 operating days are fixed at a TCE of $15,500/day; total Q3 TCE projected around $14,700.

Offshore Investment: Increased investment in a new energy construction vessel to $10.4 million, representing a 32% equity stake, with high commercial expectations.

Market Outlook: Management sees signs of recovery in dry bulk, rebounding charter rates, and expects higher seaborne volumes and strong vessel demand in H2 2025.

Key Financials
Net Revenue
$12.5 million
EBITDA
$5.9 million
Adjusted EBITDA
$5.1 million
Net Income
$1 million
Net Loss (First Half)
$3.5 million
Daily Operating Expense per Vessel
$6,300
Cash Position (Half Year End)
$3.4 million
Total Assets
$161 million
Stockholders' Equity
$60 million
Outstanding Debt
$86 million
Dividend per Share (Q2)
$0.03
Total Cash Dividends Paid Since 2023
$1.65 per share
Share Repurchases
$7.1 million at $1.90 average price
Net Proceeds from Vessel Sales
$17.9 million
Book Profit from Tradership Sale
$1.5 million
Time Charter Equivalent (Q2)
$15,400
Q3 Time Charter Equivalent Fixed
$15,500 per day (68% of days fixed)
Investment in Offshore Vessel
$10.4 million (32% equity stake)
Other Earnings Calls
2025
2024

Management

Mr. Stamatios Tsantanis
Chairman & CEO
No Bio Available
Mr. Stavros Gyftakis
CFO & Director
No Bio Available
Ms. Theodora Mitropetrou
General Counsel & Corporate Secretary
No Bio Available

Contacts

Address
ATTIKI
ATHINA
154 Vouliagmenis Avenue, Glyfada
Contacts