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Heidmar returns to profit with Q1 FY26 net income of $2.8 million; revenue more than doubled to $18.4 million vs Q1 FY25

PUBT·05/26/2026 13:15:47
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Heidmar returns to profit with Q1 FY26 net income of $2.8 million; revenue more than doubled to $18.4 million vs Q1 FY25
  • Heidmar reported Q1 2026 revenue of USD 18.4 million, up from USD 5.8 million a year earlier.
  • Net income attributable to shareholders swung to USD 2.8 million, or USD 0.05 a share, from a year-earlier loss.
  • General and administrative expense fell to USD 3.6 million from USD 6.1 million, on lower stock-based compensation amortization.
  • Cash and cash equivalents rose to USD 27.6 million as of March 31, 2026, from USD 18.6 million at end-2025.
  • Commercially managed fleet expanded with five tanker additions across Suezmax, VLCC and MR1 segments, including one 2026 eco-design Suezmax newbuild.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Heidmar Maritime Holdings Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605260915PRIMZONEFULLFEED9726448) on May 26, 2026, and is solely responsible for the information contained therein.