- SEACOR Marine Holdings Inc. reported **net income of $9.0 million ($0.35 per basic and diluted share)** for the third quarter of 2025, a significant improvement from net losses of **$16.3 million** in Q3 2024 and **$6.7 million** in Q2 2025.  **[1690334_e0212813fcc142a7ace8c62f2e722494_1]** 
- Consolidated operating revenues for Q3 2025 were **$59.2 million**, representing a **14.1% decrease** from Q3 2024 and a **2.7% decrease** from Q2 2025.  **[1690334_e0212813fcc142a7ace8c62f2e722494_0]**  This decline was primarily attributed to lower utilization in the premium liftboat fleet and soft market conditions in the North Sea.  **[1690334_e0212813fcc142a7ace8c62f2e722494_1]** 
- Average day rates increased **3.2%** year-over-year to **$19,490** in Q3 2025, though overall fleet utilization decreased to **66%**.  **[1690334_e0212813fcc142a7ace8c62f2e722494_0]** 
- During Q3 2025, the Company completed the sale of two liftboats for **$76.0 million** in total proceeds, resulting in a **$30.5 million** gain.  **[1690334_e0212813fcc142a7ace8c62f2e722494_0]**  This action supports a strategic shift away from high volatility markets and will fund a newbuild PSV program.  **[1690334_e0212813fcc142a7ace8c62f2e722494_1]** 
- The Company secured multi-year contracts in Brazil for two large hybrid-powered PSVs, with contract commencement in Q1 2026, which will reduce its presence in the North Sea.  **[1690334_e0212813fcc142a7ace8c62f2e722494_1]**

SEACOR Marine Holdings Inc. Announces Third Quarter 2025 Results

- SEACOR Marine Holdings Inc. (SMHI) reported **net income of $9.0 million** and **$0.35 earnings per basic and diluted share** for the third quarter of 2025, a significant improvement compared to a net loss of $16.3 million ($0.59 loss per share) in Q3 2024 and a net loss of $6.7 million ($0.26 loss per share) in Q2 2025.  **[1690334_0001193125-25-256404_smhi-ex99_1.htm:0]** 
- Consolidated operating revenues for Q3 2025 were **$59.2 million**, marking a **14.1% decrease** from Q3 2024 and a **2.7% decrease** from Q2 2025.  **[1690334_0001193125-25-256404_smhi-ex99_1.htm:0]** 
- Average day rates for Q3 2025 were **$19,490**, representing a **3.2% increase** from Q3 2024, while fleet utilization decreased to **66%**.  **[1690334_0001193125-25-256404_smhi-ex99_1.htm:0]** 
- The company completed the sale of two liftboats during Q3 2025 for total proceeds of **$76.0 million**, resulting in a **$30.5 million gain**.  **[1690334_0001193125-25-256404_smhi-ex99_1.htm:0]**  This disposition is part of a strategic shift away from high volatility markets.  **[1690334_0001193125-25-256404_smhi-ex99_1.htm:1]** 
- SMHI secured multi-year contracts in Brazil for two large hybrid-powered PSVs, with contract commencement expected in Q1 2026, which will reduce its North Sea PSV presence.  **[1690334_0001193125-25-256404_smhi-ex99_1.htm:1]**

SEACOR Marine Holdings (SMHI)