Heidmar Maritime (HMR) investor relations material

Executive summary

• Delivered a strong Q1 2026 with significant financial progress, including total revenues of $18.4 million, up from $5.8 million in Q1 2025, driven by fleet growth and higher vessel employment on spot and time charters.

• Net income attributable to shareholders was $2.8 million ($0.05/share), reversing a $6 million net loss in Q1 2025.

• Adjusted net income, excluding non-cash items, was $3.4 million ($0.06/share), up from $0.9 million in Q1 2025.

• Asset-light, fee-based commercial management model enables rapid scaling and operational agility.

• Platform expansion continued with ongoing vessel additions and a robust pipeline for further growth.

Financial highlights

• Revenue rose to $18.4 million, up 216% year-over-year, driven by record freight rates and increased spot/time charter activity.

• Adjusted EBITDA for Q1 2026 was $3.3 million, compared to $1.2 million in Q1 2025.

• G&A expenses decreased to $3.6 million from $6.1 million, mainly due to lower stock-based compensation.

• Cash and equivalents grew to $27.6 million from $18.6 million at year-end; net cash from operations more than doubled to $6.6 million.

• Net cash provided by operating activities was $3.1 million for Q1 2026.

Outlook and guidance

• Expectation of strong freight rates and increased tonne-mile demand to persist, supporting multi-year growth.

• Ongoing geopolitical tensions and rerouting of global energy trade are anticipated to sustain strong vessel utilization.

• G&A expected to remain stable, supporting further fleet growth without significant cost increases.

• Confident in ability to generate sustainable returns and scale as a leading commercial management platform.