United Maritime Corporation reported its financial results for the second quarter and first half of 2025. The company declared a quarterly cash dividend of $0.03 per share for the second quarter. For the second quarter of 2025, United Maritime's net revenues slightly increased to $12.5 million from $12.4 million in the same period of 2024. The company reported a net income of $1.0 million, up from $0.7 million in the second quarter of the previous year. For the first half of 2025, net revenues were $20.2 million, a decrease from $23.0 million in the first half of 2024. The company reported a net loss of $3.5 million for the first half of 2025, compared to a net loss of $0.7 million in the same period of 2024. United Maritime also highlighted its ongoing fleet optimization efforts, which include the sale of its oldest Capesize vessel, M/V Gloriuship, and the planned sale of the 2006-built M/V Tradership. These sales are expected to release approximately $17.9 million in liquidity after debt repayment, bolstering the company's reserves.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. United Maritime Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-25-029857), on August 08, 2025, and is solely responsible for the information contained therein.
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