Heidmar Maritime Holdings Corp. has reported its financial results for the fiscal year ending December 31, 2024. The company experienced a notable increase in net income, reporting $19.6 million for 2023, up from $16.2 million in 2022. This growth in net income is primarily attributed to increased revenues from commissions and management fees related to pool management services and commercial management services. The report also highlighted an increase in finance costs by $0.59 million, mainly due to the interest cost of one vessel operating for a full year in 2023 compared to just four months in 2022. Heidmar's financial position was influenced by its short-term liquidity requirements, including operating expenses and acquisition installments related to the Landbridge Ship Management (HK) Limited acquisition. The company's results reflect historical operations of Heidmar Inc., which became a subsidiary following a business combination. The acquisition of MGO, which occurred after December 31, 2024, was not included in the financial analysis.