Navios Maritime Partners, owned by Angeliki Frangou, ended the first nine months with strong profitability, contracted revenues of 3.7 billion euros and continued investments in fleet renewal.
The NYSE-listed shipping company recorded revenues of 978.6 million euros and net profits of 168 million dollars in the first nine months of the year.
For the third quarter, Navios reported revenue of 346.9 million and net income of 56.3 million dollars.
Earnings per common share stood at 5.62 dollars in the nine-month period and 1.90 in the quarter.
Commenting on the results, the company’s president and CEO, Angeliki Frangou, expressed her satisfaction, noting that EBITDA for the third quarter and the first nine months of 2025 amounted to 193.9 million euros and 519.8 million euros respectively.
In addition, cash from operating activities stood at 381.3 million dollars.
Regarding the industry’s prospects, the head of Navios emphasized that “over the past five years we have been facing continuous changes in our operating environment. However, we have remained focused on our business, modernizing our fleet, with an average age of 9.7 years, growing our contracted revenue to 3.7 billion and reducing our net LTV to 34.5%.”
She appeared confident that the diversified platform combined with a strong risk management culture will continue to prove its value in challenging environments.
Navios’ board of directors announced a dividend of 0.05 dollars per share for the third quarter of 2025.
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