USEA News & Events

Reports Q4 revenue $6.6M vs $10.8M last year. Stamatis Tsantanis, the Company's Chairman & Chief Executive Officer, stated: "During the fourth quarter and into early 2026, United Maritime executed a series of strategic actions that meaningfully strengthened our earnings power, improved balance sheet flexibility, and positioned the Company for enhanced shareholder value creation. We are pleased to declare our 13th consecutive quarterly dividend, a milestone that reflects our commitment for capital returns. Since initiating our dividend program in November 2022, United has declared cumulative cash dividends of approximately $1.84 per share. With stronger cash generation now secured through recently contracted fleet employment, we are confident in our ability in the near-medium term to sustain a competitive level of distributions while preserving the financial flexibility to pursue accretive growth opportunities."

United Maritime announced a series of coordinated transactions that materially upgrade its earnings profile, enhance free cash flow potential, and underscore United's disciplined, return-focused capital strategy. The Company has entered into an agreement to sell its early-stage investment in the Norwegian JV owning an Energy Construction Vessel currently under construction. In addition, United has agreed to sell its oldest Kamsarmax vessel, the 2009-built MV Cretansea to an unaffiliated third party. In parallel, the Company also entered into an 18-month bareboat charter agreement with Seanergy Maritime Holdings, for a 2010-built Japanese Capesize dry-bulk vessel of 181,453 dwt.

Reports Q3 revenue $10.966M vs $11.566M last year. Stamatis Tsantanis, the Company's Chairman & Chief Executive Officer, stated: "We delivered solid profitability in Q3 while continuing to optimize our fleet and balance sheet. The sale of our older Capesize vessels released approximately $18.8 million in liquidity, and we resumed share repurchases, reaffirming our conviction in the Company's intrinsic value. Moreover, the dry-bulk outlook over the coming quarters remains favorable, and our Panamax/Kamsarmax fleet is positioned to capture that upside."

United Maritime completed the divestment of its oldest Capesize vessel, M/V Goodship, finalizing the Company's exit from vintage tonnage as part of its long-term fleet renewal plan. On September 16, 2025, the 177,536 dwt Capesize vessel, M/V Goodship, built in 2005 in Japan, was delivered to its Far Eastern buyers, an unaffiliated third party. The net sale price of approximately $15.4 million is expected to generate net cash proceeds of approximately $8.2 million after the repayment of the associated debt and an accounting profit of approximately $0.6 million, which will be recorded in United's third quarter financial results.