Seanergy to webcast third-quarter results on November 12 after first-half profit growth
Key Facts
Seanergy Maritime listed a webcast to present results for the third quarter and first nine months of 2026 on November 12 at 10:00 a.m. Eastern Time, according to the company's website. The date puts the financial performance announcement for the period ended in September on the company's schedule for that day. The latest documented financial figures in the available disclosure covered the first half, not the nine months. In those results, published on July 30, the company reported revenue of $97.8 million and net income of $35.9 million for the six months ended June 30, 2026. The company had listed the webcast as covering third-quarter results and the nine-month period.
The first-half figures marked an improvement from the same period in 2025, when revenue was $61.7 million and the company recorded a net loss of $4.0 million. In a version of its statement filed with the U.S. Securities and Exchange Commission, the company said net income was $35.9 million in the first half of 2026, compared with a loss in the prior period. It also reported adjusted first-half results, with adjusted net income of $42.0 million, compared with an adjusted loss of $1.7 million a year earlier. The comparison provides financial context for the announcement of the newer results, but covers the six months ended in June. The announced presentation date for the third quarter and nine months was in November.
In the second quarter, which the company reported as part of its first-half results, revenue was $55.7 million and net income was $26.2 million. The company compared those figures with revenue of $37.5 million and net income of $2.9 million in the second quarter of 2025. It also recorded adjusted net income of $28.5 million in the second quarter of 2026. The quarterly figures published in July show that the first-half improvement included the second quarter as well as the full six-month period. That earlier disclosure is a separate reporting point from the results scheduled for presentation on November 12.
For the first nine months of 2025, Seanergy recorded net income of $8.8 million and revenue of $108.7 million. Net income in the same period of 2024 was $36.8 million, while revenue reached $125.8 million. In the third quarter of 2025, the company generated revenue of $47.0 million and net income of $12.8 million, compared with revenue of $44.4 million and net income of $12.5 million in the corresponding quarter of 2024. These prior results establish the historical comparison base for the third quarter and nine-month periods. The available information here does not confirm details of the 2026 figures.
In its 2025 results disclosure, the company said it benefited from a recovery in the Capesize vessel market in the third quarter, supporting higher profitability at the time. The chairman and chief executive officer added that this provided a stronger foundation for the rest of 2025 and 2026, according to the disclosure. The comment relates to the prior year's results and does not update the factors that affected the market in the third quarter of 2026. In July, the company said its fleet's average time charter equivalent daily rate was $32,355 in the second quarter, up 63% year over year. It also estimated the third-quarter rate at about $31,000 per day at the time, based on rates fixed for about 71% of available days and forward rates on July 28.
The company had expanded its fleet renewal and growth program, according to its July disclosure, to 8 modern vessels with a total investment of about $591 million. The program included 7 newbuildings and one Capesize vessel built in 2022, with 4 vessels expected to be delivered in 2027. The company said financing for the program included $72.6 million from its own funds and about $296.5 million in pre- and post-delivery facilities, alongside bonds worth €100 million. These details date to the July announcement and describe the fleet program as it was presented at the time. The next date listed by the company on its website was the webcast of third-quarter and nine-month results on November 12.