Seanergy Maritime Holdings (SHIP) Cash Flow: Operating & Free Cash Flow

Seanergy Maritime Holdings Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Seanergy Maritime Holdings Corp. (SHIP) - 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
Operating Activities
Net Income	20.83	43.47	2.27	17.24	41.35	-18.36	-11.70	-21.06	-3.24
Depreciation & Amortization	36.16	25.49	24.68	23.42	17.15	12.72	11.02	10.88	10.52
Deferred Income Tax	0.00	0.00	0.00	0.00	0.00	-5.56	0.00	7.27	0.00
Stock Based Compensation	0.00	4.99	9.15	7.19	5.10	0.87	1.31	1.30	0.73
Change in Working Capital	0.00	-5.26	-3.62	-16.79	1.66	-10.17	3.04	1.19	2.63
Change in Accounts Receivable	0.00	0.49	0.35	-0.84	0.80	0.96	0.85	-0.51	-0.84
Change in Inventory	0.00	-0.14	0.22	-0.84	3.20	-0.79	1.43	-0.49	-0.75
Change in Accounts Payable	0.00	1.48	-2.22	-0.59	0.35	-12.40	1.68	5.50	2.35
Change in Other Working Capital	0.00	5.93	-1.97	-14.52	-5.87	2.06	-0.91	-3.31	1.88
Other Operating Activities	-4.38	5.93	-1.15	6.23	15.51	10.76	9.44	6.15	-7.86
Net Cash from Operating Activities	52.61	75.28	31.32	37.29	80.76	-9.74	13.11	5.72	2.78
Investing Activities
Capital Expenditures	-35.59	-74.35	-0.49	-70.45	-197.32	-20.26	-12.35	-31.48	-32.99
Acquisitions	21.59	0.00	23.91	12.69	0.00	0.00	0.00	22.65	0.00
Purchases of Investments	-0.83	0.00	0.00	-10.00	0.10	-1.60	0.00	0.00	0.00
Sales/Maturities of Investments	0.00	0.00	0.00	10.00	0.10	0.00	0.00	0.00	0.00
Other Investing Activities	-8.52	-5.02	-5.68	1.50	0.10	0.00	0.00	0.00	0.00
Net Cash from Investing Activities	-23.35	-79.37	17.75	-56.26	-184.62	-21.86	-12.35	-8.83	-32.99
Financing Activities
Debt Repayment	8.76	-94.82	-46.77	25.10	-146.01	-31.01	-6.18	0.66	23.27
Common Stock Issued	-1.60	5.82	0.01	0.07	98.30	73.75	13.23	0.00	2.64
Common Stock Repurchased	0.00	-4.85	-1.70	0.00	-1.71	0.00	0.00	0.00	0.00
Dividends Paid	-9.49	-10.75	-6.03	-17.92	0.00	0.00	0.00	0.00	0.00
Other Financing Activities	0.81	-2.10	-2.13	-1.42	-3.72	-3.64	-0.70	-1.15	-0.56
Net Cash from Financing Activities	-1.52	14.08	-56.62	5.83	127.44	39.10	6.35	-0.49	25.34
Summary
Effect of Forex Changes on Cash	5.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Change in Cash	32.74	9.99	-7.55	-13.15	23.58	7.50	7.11	-3.60	-4.87
Cash at Beginning of Period	29.92	24.93	32.48	45.63	22.05	14.55	7.44	11.04	15.91
Cash at End of Period	62.65	34.92	24.93	32.48	45.63	22.05	14.55	7.44	11.04
Free Cash Flow	17.02	0.93	30.83	-33.17	-116.56	-30.00	0.76	-25.76	-30.21
Supplemental Disclosures
Interest Paid	19.62	20.05	18.43	11.71	11.17	-	-	-	-

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 Cash Flow

What is Seanergy Maritime Holdings's free cash flow?

Seanergy Maritime Holdings generated free cash flow of $17.02M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $52.61M minus $35.59M of capital expenditures. That was up 1736.0% from $927.00K a year earlier. Free cash flow equaled 10.8% of revenue.

How much does Seanergy Maritime Holdings spend on capital expenditures?

Seanergy Maritime Holdings spent $35.59M on capital expenditures in fiscal 2025, compared with $74.35M a year earlier. That equals 67.6% of operating cash flow.

Does Seanergy Maritime Holdings pay dividends or buy back shares?

Yes. In fiscal 2025 Seanergy Maritime Holdings returned $9.49M in dividends to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition