Heidmar Maritime (HMR) investor relations material

Executive summary

• Delivered strong Q2 2026 results with significant financial progress, fleet growth, and strategic focus on value creation.

• Asset-light, fee-based commercial management model enables rapid scaling and earnings growth tied to market strength.

• Added 15 vessels in H1 2026, with further additions expected; Q-Shipping B.V. acquisition added 9 vessels and expanded operational presence in the Netherlands and Turkey.

• Integration of AI-driven enhancements and digital platforms to improve operational efficiency and scalability.

• Global footprint now spans eight locations, with over 75 onshore employees and 500+ seafarers.

Financial highlights

• Q2 2026 net income of $2.2M ($0.04/share basic) vs. net loss of $13.7M in Q2 2025; adjusted net income of $2.4M vs. $0.5M prior year.

• Q2 2026 revenues of $29M, up 203% year-on-year and 58% sequentially; driven by voyage and time charter revenues rising to $23.2M.

• H1 2026 revenues of $47.3M and net income of $5M ($5.8M adjusted), demonstrating consistent earnings power.

• Cash and cash equivalents at $28.7M as of June 30, 2026, up from $18.6M at year-end 2025; total assets at $99.6M.

• G&A expenses at $5.6M in Q2 2026, up from $4.7M, mainly due to higher employee bonuses.

Outlook and guidance

• Expectation of high and potentially strengthening rates in Q4 2026 and Q1 2027, driven by geopolitical volatility and seasonal demand.

• Confident in continued fleet growth and sustainable returns, with active pipeline for further vessel additions.

• Near-term volatility in the Middle East may persist, but structural drivers for elevated freight rates remain intact.

• AI-driven enhancements are being implemented to improve operational efficiency and scalability.