Heidmar Q2 net income swings to $2.2 million

On Tuesday, Heidmar Maritime Holdings (NASDAQ: HMR ) discussed second-quarter financial results during its earnings call.

The full transcript is provided below.

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View the webcast at Summary Heidmar Maritime Holdings Corp reported strong financial performance for Q2 2026 with a consolidated net income of $2.2 million, a significant improvement from a net loss of $13.7 million in Q2 2025.

Total revenues increased to $29 million from $9.6 million in Q2 2025, driven by a sharp rise in voyage and time charter revenues.

The company added seven vessels in Q2 2026, bringing the total to 15 vessels added in the first half of the year, and completed the acquisition of Q Shipping B.V., adding nine more vessels.

Heidmar's asset-light model enables rapid scaling with minimal capital, focusing on commercial management and leveraging AI for operational efficiency.

Management remains optimistic about the tanker market outlook despite geopolitical tensions, expecting elevated freight rates to continue due to structural market drivers.

Full Transcript OPERATOR Thank you for standing by, ladies and gentlemen, and welcome to the Heidmar Maritime Holdings Corp conference call on the second-quarter 2026 financial results.

We have with us Mr.

Pankaj Khanna, Chief Executive Officer of the company.

At this time all participants are in a listen-only mode.

There will be a presentation followed by a question-and-answer session, at which time if you wish to ask a question, please press star one on your telephone keypad and wait for your name to be announced.

I must advise you that this conference is being recorded today.

Please be reminded that the company announced their results with a press release that has been publicly distributed.

Before passing the floor to Mr.

Khanna, I would like to remind everyone that in today's conference call Heidmar Maritime Holdings Corp will be making forward-looking statements.

These statements are within the meaning of the federal securities laws.

Matters discussed may be forward-looking statements which are based on current management expectations that involve risks and uncertainties that may result in such expectations not being realized.

And now I'd like to pass the floor to Mr.

Khanna.

Please go ahead, sir.

Pankaj Khanna, CEO Thanks, Melissa.

Good day to everyone and welcome to the second-quarter earnings call for Heidmar Maritime Holdings Corp.

Heidmar delivered a strong second quarter of 2026 marked by continued financial progress, accelerating fleet growth, and a sharpened strategic focus on value creation for our stakeholders.

Today's results are further proof of what our asset-light, commercially driven model can deliver: the ability to scale quickly in markets that reward agility and sharp market intelligence over sheer size.

At its core, Heidmar is a commercial manager, and we earn fee-based revenue operating tankers in pools or under commercial management and manage vessels on owners’ behalf without putting capital into the ships themselves.

That means our earnings grow with volume and market strength, not with balance sheet size.

So we have the ability to add vessels quickly, move fast when markets dislocate, and put capital back into growth or shareholders’ hands rather than into debt service.

Turning to the results for the three-month period ended June 30, 2026, Heidmar realized consolidated net income of $2.2 million, or $0.04 per share basic, compared to a net loss of $13.7 million in the second quarter of 2025.

The second quarter of 2025 comparison included a $13.6 million loss from discontinued operations.

On a continuing-operations basis, Heidmar recorded a net loss of $0.1 million in that quarter, so the year-on-year improvement in our core ongoing business is even more pronounced than the headline comparison suggests.

Included in net income is non-cash stock-based compensation of $0.2 million, representing the amortization of share awards granted to key employees and members of the Board of Directors under the Heidmar Equity Incentive Plan.

Excluding these non-cash items, Heidmar realized adjusted net income of $2.4 million compared to adjusted net income of $0.5 million in the second quarter of 2025.

On a continuing-operations basis, adjusted net income remains well above the prior-year quarter and continues to demonstrate the improving underlying earnings capacity of the platform.