Heidmar Maritime Holdings Corp. (NASDAQ: HMR) reported higher revenue in the second quarter and confirmed its first vessel acquisition as a public company.
Q2 2025 Results
Heidmar posted US$9.6 million in revenue in Q2, up 23% from last year. Growth came from the PSV Ace Supplier, which started its charter in April.
The company reported a net loss of US$0.1 million, or US$0.002 per share. Adjusted net income reached US$0.5 million.
Cash stood at US$11.3 million on June 30.
First-Half 2025
Revenue for the first six months reached US$15.2 million, down from US$16.4 million in 2024. Fewer managed vessels and the end of two syndication deals cut earnings. Revenue from the Ace Supplier partly offset the drop.
Key Moves
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Vessel deal: On June 30, Heidmar agreed to buy the C/V A. Obelix, a 1,702 TEU feeder containership built in 2008. Delivery is due in September. The 2.5-year charter is expected to add US$17–20 million in EBITDA.
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Financing: The purchase will be backed by a US$12.4 million loan and US$11 million seller’s credit.
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Portfolio exit: Heidmar sold its non-core Americana Liberty unit in June, booking a US$13.6 million loss from discontinued operations.
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Equity program: The company signed a US$20 million share deal with B. Riley Principal Capital II. It raised US$127,000 in July from the first sale.
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Fleet growth: The PSV Ace Supplier began a five-year charter in April.
CEO Comment
CEO Pankaj Khanna called Q2 a turning point.
“The Obelix deal marks the launch of our project development platform,” he said. He pointed to strong tanker and container markets, supported by OPEC+ output, tariffs, and Red Sea disruptions.
He added that core operations stayed solid. “Adjusted results were close to breakeven,” Khanna noted.
Heidmar will now focus on expanding maritime services and project development, while targeting new vessel investments.
