Seanergy Maritime reported its fifth consecutive year of profitability and announced a cash dividend of $0.20 per share, highlighting a strong financial position as it enters 2026.
For full-year 2025, the company recorded net revenues of $158.1 million and adjusted net income of $26.7 million. Adjusted EBITDA reached $81.7 million for the year.
In the fourth quarter, Seanergy posted adjusted net income of $14.4 million and adjusted EBITDA of $28.9 million.
Total dividends for 2025 amounted to $0.43 per share, underlining the company’s focus on shareholder returns.
Seanergy also expanded its eco-newbuilding program with three new vessels, representing an investment of $226 million. It completed the sale of the 2010-built M/V Dukeship at what it described as an attractive valuation.
Operational performance remained strong. Time charter equivalent (TCE) earnings outperformed the Baltic Capesize Index by 27% in the fourth quarter and by 11% for the full year.
The company completed refinancings totaling $123 million, generating $51.9 million in incremental liquidity and strengthening its balance sheet.
For the first quarter of 2026, Seanergy guided TCE earnings at $25,273 per day, around 14% above the average five-route Capesize index.
Management said the company enters 2026 with solid financial strength, continued capital returns, ongoing fleet renewal, and disciplined balance sheet management, while maintaining exposure to potential upside in the Capesize market.
The post Seanergy reports fifth straight profitable year appeared first on Container News.
