United Maritime Corporation declared a quarterly cash dividend of $0.03 per share for Q2 2025, marking the 11th consecutive quarterly distribution. Net revenues for the quarter were $12.5 million, with net income at $1.0 million. The company also increased its equity stake in the newbuilding Energy Construction Vessel joint venture and completed the sale of two older vessels for liquidity. Adjusted EBITDA for the quarter was $5.1 million.

For the six-month period ended June 30, 2025, the company generated net revenues of $20.2 million and a net loss of $3.5 million. Adjusted EBITDA for the first half of 2025 was $6.0 million. The Time Charter Equivalent rate for the fleet was $15,421 per day in Q2 2025. Cash and cash equivalents stood at $3.4 million as of June 30, 2025. Shareholders’ equity was at $60.3 million.

The Company’s Chairman & CEO, Stamatis Tsantanis, highlighted the company’s fleet modernization strategy, ongoing fleet optimization, and increased equity stake in the offshore ECV project. The board of directors declared a $0.03 per share dividend for Q2 2025, reflecting confidence in the outlook. The company’s third-quarter outlook includes fixed operating days at a daily rate of about $15,495.

United Maritime Corporation operates a fleet of seven dry bulk vessels, specializing in seaborne transportation services. The company’s common shares trade on the Nasdaq Capital Market under the symbol “USEA.” The company’s financials, including net income, adjusted EBITDA, and revenue figures, demonstrate its performance in the maritime sector. The company’s ongoing strategy includes fleet optimization, equity investments, and shareholder returns.

Read more at GlobeNewswire: United Maritime Reports Second Quarter and First Half