Seanergy returns to profitability in Q2 2025

For the three months ending June 30, the company generated net revenues of $37.5 million, a decrease from the $43.1 million reported in the second quarter of the previous year. This resulted in a net income of $2.9 million, a substantial drop from the $14.1 million profit recorded in the prior-year period. The company’s daily vessel operating expenses, a key outgoing, remained relatively stable at $7,222.

The picture for the first half of the year reflects the more challenging start to 2025. For the six months ending June 30, the company posted a net loss of $4 million, a stark contrast to the $24.3 million profit earned in the first half of 2024. This was on the back of net revenues falling to $61.7 million from $81.4 million in the corresponding period last year.