Heidmar Maritime Holdings reported second-quarter 2026 revenue of $29 million, up from $9.6 million a year earlier and $18.4 million in the first quarter.
Net income attributable to shareholders was $2.2 million, or $0.04 per share, while adjusted net income reached $2.4 million.
The company ended June with $28.7 million of cash and cash equivalents.
Heidmar’s six-month revenue increased to $47.3 million from $15.2 million, while adjusted net income rose to $5.8 million from $1.6 million.
The growth was driven by an expanded commercially managed fleet and a higher number of vessels operating under voyage and time-charter arrangements.
During the second quarter, Heidmar added seven vessels to its commercially managed fleet, including Suezmax, Aframax and MR tankers.
On July 1, the company completed the approximately $200,000 acquisition of Q-Shipping, adding nine managed vessels and operations in the Netherlands and Turkey.
Following that transaction, Heidmar’s fleet included approximately 60 vessels under commercial management and 20 under technical management.
The company is also investing in AI-driven systems to integrate data and workflows across chartering, operations and finance as it scales its asset-light model.
KEY QUOTE:
“We are pleased to report another quarter of strong operational and strategic progress. During the second quarter of 2026, Heidmar generated revenue of $29.0 million and adjusted net income of $2.4 million, which excludes $0.2 million in non-cash stock-based compensation, or $0.04 per share, reflecting continued growth in our commercially managed platform. The Company generated total revenue of $47.3 million for the six months ended June 30, 2026, compared to $15.2 million for the same period in 2025.”
Pankaj Khanna, Chief Executive Officer of Heidmar
