SEACOR Marine reported Q4 2025 operating revenues of USD 52.3 million (down 25.0% year over year and down 11.6% sequentially) and an operating loss of USD 5.2 million. Direct vessel profit $(DVP)$ was USD 9.7 million with an 18.5% DVP margin. Net loss for Q4 2025 was USD 14.6 million, or USD 0.57 per diluted share. Fleet metrics in Q4 2025 included average day rates of USD 17,519 (down 7.3% year over year and down 10.1% sequentially) and 69% utilization (down from 72% year over year and up from 66% sequentially). During the quarter, SEACOR Marine sold a 201' platform supply vessel built in 2013 for total proceeds of USD 13.4 million, recording a gain of USD 8.1 million. Management said Q4 revenue was pressured primarily by fewer available days following the sale of two 335' liftboats at the end of Q3 2025 and the sale of the 201' PSV in Q4 2025, as well as lower liftboat utilization due to seasonality and a change in scope of work by an international liftboat customer. The company noted improved FSV utilization as it redeployed previously laid-up U.S. vessels to international markets, and said its PSV fleet delivered a 25.5% DVP margin despite repositioning two vessels for Brazil contracts starting in Q1 2026 and soft North Sea conditions. After quarter-end, SEACOR Marine said two premium Middle East liftboats concluded contracts and were repositioned for maintenance and drydocking, and it does not expect them to work in Q1 2026; it also said it fixed two North Sea PSVs for a multi-month seismic survey, putting its large PSV fleet in “sold out” status. Contracted revenue backlog at year-end 2025 was reported at more than USD 500.0 million, including options, and the company reiterated expectations for delivery of the first of two newbuild PSVs in Q4 2026 and the second in Q1 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SEACOR Marine Holdings Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-072103), on February 25, 2026, and is solely responsible for the information contained therein.