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Heidmar Maritime Holdings Corp. Reports Fourth Quarter 2025 Results Athens / New York, March 24, 2026 Heidmar Maritime Holdings Corp. (the "Company" or "Heidmar") (NASDAQ: HMR) today reported its results for the fourth quarter and year ended December 31, 2025. Fourth Quarter 2025 Highlights • Total revenues of $25.1 million, up from $5.3 million in Q4 2024. • Net loss from continuing operations attributable to shareholders of $4.0 million or $0.07 loss per share. • Cash and cash equivalents of $18.6 million as of December 31, 2025. Fourth quarter 2025 results compared to fourth quarter 2024
Year ended 2025 results compared to year ended 2024 Total revenues, earned from commissions, management fees and voyage and time charter hire, were $55.9 million for the year ended December 31, 2025, up $27.0 million from $28.9 million in the same period of 2024. This growth was primarily due to the increased number of vessels that commenced short-term spot and time charter voyages mostly during the second half of 2025 and the revenues earned from the PSV ACE Supplier, which commenced its charter operations in April 2025, with the number of vessels during the year ended December 31, 2025 being nine compared to two during the corresponding period in 2024. Net loss from continuing operations attributable to shareholders was $8.6 million or $0.15 loss per share. General and administration expenses were $18.5 million for the year ended December 31, 2025, compared to $12.9 million for the year ended December 31, 2024. The increase of $5.6 million is mainly attributable to the amortization of the stock-based compensation, the bonus awarded to certain executives and costs incurred in 2025 related to the Company being a public company following its listing on the Nasdaq. Key quarterly highlights: • On January 28, 2026, the Company announced that the Memorandum of Agreement (MOA) announced on July 7, 2025, with respect to the acquisition of C/V A. Obelix, was mutually terminated in accordance with the terms therein. The deposit of $2,525,000 was returned to the Company, and there was no nancial impact to the Company. • Under the purchase agreement with B. Riley Principal Capital II LLC (BRPC II) announced in June 2025, the Company as of December 31, 2025, had issued and sold 215,272 shares at a gross average price of $1.26 per share, generating net proceeds of approximately $270,967. During the fourth quarter ended December 31, 2025, the Company issued and sold 13,590 shares at a gross average price of $1.11 per share, generating net proceeds of approximately $15,028 Fleet Developments: • Two MR2 newbuild tankers: Two newbuilding MR2 tankers, constructed at a leading Korean shipyard commenced employment following delivery under a time charter of approximately two years at a rate of approximately $23,000 per day. The ships joined Heidmar's technically and commercially managed eet in February 2026. Both ships have been employed protably in the short-term period market. • One MR2 tanker vessel: One MR2 tanker joined Heidmar's commercially managed eet in January 2026. • One VLCC tanker newbuilding: A state-of-the-art VLCC tanker, built at a leading Chinese shipyard, joined Heidmar's commercially managed eet in late February 2026. • One Suezmax tanker newbuilding: A state-of-the-art Suezmax tanker, built at a leading Chinese shipyard, joined Heidmar's eet under commercial management in March 2026. Management Commentary Pankaj Khanna, Chief Executive Ofcer of Heidmar, commented: "As we look back at events of the fourth quarter of 2025, my thoughts are with the seafarers onboard our own managed ships and those who are either stuck inside the Middle East Gulf or are looking at transiting through war zones. The situation at sea in the Gulf is critical and seems to have no near-term resolution. My thoughts are also with colleagues, customers and friends in the Middle East who must live with constant threat of projectiles that could lead to severe consequences, including injury and loss of life. The reality of the situation on the ground is that the world has lost 20% of its oil supplies and more critically tanker shipping has lost just over 20.0 million barrels per day of crude oil and petroleum products that moved by sea. This represents approximately 30% of overall oil ows and much of this volume is irreplaceable. While some of the ows have been replaced by pipeline diversions across Saudi Arabia to the Red Sea, to Ceyhan and also some ows from the UAE that do not now require the Straits transit, this is a fraction of what was coming through the Straits of Hormuz on a daily basis. The industry hopes that this situation will be resolved in the near term leading to resumption of normalized demand in the near future. Currently the freight rates for crude tankers that can nd cargoes in the Middle East and in other areas have sky rocketed and remain at historical high levels. With our managed eet of 40 vessels we are in the thick of this and assisting our customers with moving oil as expeditiously as possible. Against this backdrop, Heidmar's integrated service offerings is attractive for shipowners and is starting to show its potential. We have added several vessels in Q4 2025 and through Q1 2026 and expect further additions of mainly newbuildings from our partners this year and through the next 2 years. Further reinforcing this condence, I increased my personal investment in the company through open market purchases during the period, bringing my total ownership to approximately 45% of the Company's outstanding shares and aligning my interests closely with those of our shareholders. The Company has also strengthened its governance with the appointment of industry veteran Jagmeet Makkar as an independent director, bringing extensive operational, commercial, and risk management experience to the Board. On March 16, 2026 we announced the resignation of Niovi Iasemidi from the Board as she assumes an important role. We wish her the best in the new endeavour and look forward to collaborating with her for the success of both companies. About Heidmar, Inc. Heidmar is an Athens-based, commercial and pool management business serving the crude and product tanker market and Heidmar is committed to safety, performance, relationships and transparency. With operations in Athens, London, Singapore, Chennai, Hong Kong and Dubai, Heidmar has a reputation as a reliable and responsible partner with a goal of maximizing its customers' protability. Heidmar seeks to offer vessel owners a "one stop" solution for all maritime services in the crude oil and rened petroleum products sectors. Heidmar believes its unique business model and extensive experience in the maritime industry allows the Company to achieve premier market coverage and utilization, as well as provide customers in the sector with seamless commercial transportation services. For more information, please visit www.heidmar.com. Heidmar Maritime Holdings Corp. - press release 
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