Overview
* Seanergy Q3 2025 revenue rose to $47 mln, beating analyst expectations
* Net income for Q3 2025 increased to $12.8 mln from $12.5 mln in Q3 2024
* Company declared a $0.13 per share dividend, marking 16th consecutive payout
Outlook
* Company estimates Q4 2025 TCE rate at approximately $23,878
* Seanergy anticipates strong Capesize charter rates due to rising trade volumes
* Company continues disciplined fleet renewal strategy with newbuilding contract
Result Drivers
* CAPESIZE MARKET RECOVERY - Co capitalized on recovering Capesize market, driving higher profitability, per CEO Stamatis Tsantanis
* FLEET MANAGEMENT - Sale of vintage vessel and newbuilding contract contributed to liquidity and fleet modernization
* WARRANT EXPIRATION - Expiration of outstanding warrants simplified capital structure, enhancing shareholder value
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 Beat $47 mln $43.22
Revenue mln (4
Analysts
)
Q3 EPS $0.61
Q3 $14 mln
Adjusted
Net
Income
Q3 $26.60
Adjusted mln
EBITDA
Q3 $0.13
Dividend
Analyst Coverage
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
* The average consensus recommendation for the marine freight & logistics peer group is "buy"
* Wall Street's median 12-month price target for Seanergy Maritime Holdings Corp is $12.25, about 28.2% above its November 12 closing price of $8.80
* The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 8 three months ago
Press Release:
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)