Optimism for the course of Seanergy Maritime Holdings Corp. and the prospects of the Capesize market was expressed by the company’s president and CEO Stamatis Tsantanis, following the announcement of the results of the second quarter of 2025 and the approval of a 0.05 dollar dividend – the 15th consecutive within the framework of the policy of returning capital to shareholders.
“Despite the intense volatility at the beginning of the year, we returned to profitability in the second quarter, thanks to the strengthening of the Capesize market and our strategy,” Tsantanis pointed out.
Regarding the dividend, he noted that it “reflects the health of the balance sheet and the positive direction of the industry,” expressing expectations for the traditionally stronger second half.
At the same time, with a fleet of 21 ships, a low loan-to-value ratio (approximately 50%) and strong liquidity, the chairman and CEO of the listed company emphasized that it is in an advantageous position to benefit from the fundamentals of the market.
For the quarter that ended June 30, 2025, Seanergy recorded net income of 37.5 million dollars compared to 43.1 million last year.
Adjusted EBITDA stood at 18.3 million (28 million in 2024), while net profit reached 2.9 million and adjusted net profit 3.8 million (14.1 and 16 million respectively last year).
The company’s fleet achieved a time charter equivalent (TCE) of 19,807 per day, exceeding the BCI average (18,681) for the same period by 6%.
