Seanergy Maritime Holdings Corp., announced its financial results for the third quarter and nine months ended September 30, 2024. The Company also declared a quarterly cash dividend of $0.
26 per common share for the third quarter of 2024 pursuant to its updated dividend policy announced during the last quarter. For the quarter ended September 30, 2024, the Company generated Net Revenues of $44.4 million, compared to $24.
5 million in the third quarter of 2023, representing an increase of 81%. Adjusted EBITDA for the quarter was $26.8 million, 182% higher than $9.
5 million in the same period of 2023. Net Income and Adjusted Net Income for the quarter were $12.5 million and $14.
1 million, respectively, compared to Net Loss of $5.0 million and Adjusted Net Loss of $2.6 million in the third quarter of 2023.
The daily TCE rate of the fleet for the third quarter of 2024 was $26,529, compared to $15,298 in the same period of 2023. For the nine-month period ended September 30, 2024, the Company generated Net Revenues of $125.8 million, compared to $70.
8 million in the same period of 2023, marking an increase of 78%. Net Income and Adjusted Net Income for the nine months were $36.8 million and $41.
7 million, respectively, compared to Net Loss of $8.5 million and Adjusted Net Income of $0.4 million in the respective period of 2023.
Adjusted EBITDA for the nine months was $78.0 million, compared to $29.1 million for the same period of 2023.
The daily TCE rate of the fleet for the nine-mo.