Seanergy Maritime Holdings (SHIP) Financial Statements & Analysis

Seanergy Maritime Holdings (SHIP) Income Statement

Seanergy Maritime Holdings reported revenue of $158.10M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 5.6% from $167.46M a year earlier. Net income was $20.83M, down 52.1% year over year, a net margin of 13.2%. Gross margin was 39.6% and operating margin 26.0%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $55.69M, up 48.6% from the same quarter a year earlier.

Seanergy Maritime Holdings Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Seanergy Maritime Holdings Corp. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	158.10	167.46	110.23	125.02	153.11	63.35	86.50	91.52	74.83
Cost of Revenue	95.46	75.78	49.27	71.26	69.95	55.95	66.64	73.48	55.56
Gross Profit	62.63	91.68	64.42	53.76	83.16	7.39	19.86	18.04	19.27
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	21.54	23.97	22.85	17.41	13.74	6.61	5.99	6.50	5.08
Operating Expenses	21.54	28.93	43.07	24.08	17.97	7.66	7.82	25.69	16.47
Operating Income	41.10	62.75	21.35	29.68	65.19	-0.27	12.04	4.28	2.80
Other Income/Expense
Interest Income	0.00	2.10	2.44	1.36	0.16	0.21	0.00	0.08	0.05
Interest Expense	21.72	18.74	-20.50	12.30	10.83	23.43	23.63	25.30	17.40
Other Income/Expense	-19.86	-0.77	-19.07	-12.47	-6.22	-18.09	-23.68	-25.32	-6.04
Income
Income Before Tax	21.24	43.47	2.28	17.21	41.35	-18.36	-11.64	-21.06	-3.24
Income Tax Expense	0.00	0.00	0.00	-0.03	0.00	0.00	0.05	0.02	0.00
Net Income	20.83	43.47	2.28	17.24	41.35	-18.36	-11.70	-21.06	-3.24
Net Income - Continuous Operations	20.83	43.47	2.28	17.24	41.35	-18.36	-11.70	-21.06	-3.24
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	79.12	87.70	38.12	52.93	69.33	17.79	14.17	15.76	25.55
EBIT	40.90	62.21	13.44	30.10	52.18	-	-	-	-
Depreciation & Amortization	36.16	25.49	24.68	23.42	17.15	12.72	11.02	11.51	11.39
Earnings Per Share
Basic EPS	1.00	2.00	-	1.00	3.00	-5.00	-123.00	-1344.00	-217.00
Diluted EPS	1.00	2.00	-	1.00	3.00	-5.00	-123.00	-1344.00	-217.00
Basic Shares Outstanding	20.47	19.75	18.39	17.44	15.33	3.34	0.10	0.02	0.01
Diluted Shares Outstanding	20.54	19.88	18.44	17.68	19.13	3.34	0.10	0.02	0.01

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Seanergy Maritime Holdings Financial Statements

What was Seanergy Maritime Holdings's revenue in fiscal 2025?

Seanergy Maritime Holdings reported revenue of $158.10M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 5.6% from $167.46M a year earlier.

Is Seanergy Maritime Holdings profitable?

Yes. Seanergy Maritime Holdings earned net income of $20.83M in fiscal 2025, a net margin of 13.2%. In fiscal 2024 it earned $43.47M.

What is Seanergy Maritime Holdings's operating margin?

Seanergy Maritime Holdings's operating income was $41.10M on revenue of $158.10M in fiscal 2025, an operating margin of 26.0%, compared with 37.5% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition