Seanergy reported Q4 2024 revenue of $41.7 million, up 6% from the previous year. Net income declined to $6.6 million from $10.8 million, while adjusted EBITDA fell to $20.4 million. The company’s fleet TCE rate was $23,179, outperforming the Baltic Capesize Index by 27%. A quarterly dividend of $0.10 per share was declared.
Revenue grew 6% to $41.7 million, driven by higher fleet utilization.
Net income decreased to $6.6 million from $10.8 million in Q4 2023.
Fleet TCE rate of $23,179 outperformed the Baltic Capesize Index by 27%.
Quarterly cash dividend of $0.10 per share declared.
Seanergy expects seasonal weakness in Q1 2025 but anticipates improving market conditions in the latter half of the year.
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