Seanergy Q3 revenue growth beats estimates on recovering Capesize market

Seanergy Maritime Holdings

13/11/2025 14:09

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/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$47 mln
$43.22 mln (4 Analysts)
Q3 EPS
$0.61
Q3 Adjusted Net Income
$14 mln
Q3 Adjusted EBITDA
$26.60 mln
Q3 Dividend
$0.13


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: ID:nGNX9pknwX

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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.)