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Seanergy Maritime Holdings Corp. Reports Q3 2025 Financial Results and Fleet Renewal Strategy
RHS
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  • Seanergy Maritime Holdings Corp. reported Q3 2025 net revenue of $47 million and net income of $12.8 million, with earnings per share of $0.61. For the first nine months of 2025, net revenue amounted to $108.7 million and net income was $8.8 million.
  • The company declared a cash dividend of $0.13 per share for Q3 2025, bringing total 2025 distributions to $0.23 per share, and noted the elimination of Class D and E warrants, simplifying the capital structure.
  • Seanergy placed its first-ever newbuilding order for a 181,000 deadweight Capesize vessel at approximately $75 million, with delivery scheduled for Q2 2027, while also selling a vintage Capesize ship for $21.6 million.
  • As of September 30, 2025, the company's cash position was approximately $37 million, total debt stood at $292 million, and total shareholders' equity reached $271 million. The average cost of debt is estimated to be below six percent.
Nov 13, 2025, 3:00 PM
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