Heidmar Maritime Holdings Corp. reported total revenue of $9.6 million for the three months ended June 30, 2025, an increase of $1.8 million compared to $7.8 million for Q2 2024. This increase was primarily due to time charter revenue generated from the Platform Supply Vessel (PSV) ACE Supplier, which commenced operations in April 2025.
For the six months ended June 30, 2025, total revenue was $15.2 million, a decrease of $1.2 million from $16.4 million in the same period of 2024. This decline was mainly attributed to a 31% decrease in "trade revenues, related parties" from pool management services, as the average number of vessels in the pools decreased from 31 to 21.
The company reported an operating loss of $2.64 million for the first half of 2025, a notable shift from an operating income of $2.78 million in H1 2024. Total expenses surged to $17.79 million, representing 117% of total revenues, significantly influenced by $1.40 million in public company costs and $3.60 million in stock-based compensation. The net loss for the six-month period was $19.76 million, including a $13.77 million net loss from discontinued operations related to the divestiture of Americana Liberty LLC.
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