Exhibit 99.1

	PRESS RELEASE

SEACOR MARINE ANNOUNCES SECOND QUARTER 2025 RESULTS

Houston, Texas

July 30, 2025

FOR IMMEDIATE RELEASE - SEACOR Marine Holdings Inc. (NYSE: SMHI) (the “Company” or “SEACOR Marine”), a leading provider of marine and support transportation services to offshore energy facilities worldwide, today announced results for its second quarter ended June 30, 2025.

 

SEACOR Marine’s consolidated operating revenues for the second quarter of 2025 were $60.8 million, operating income was $6.1 million, and direct vessel profit (“DVP”)(1) was $11.3 million. This compares to consolidated operating revenues of $69.9 million, operating loss of $3.9 million, and DVP of $20.3 million in the second quarter of 2024, and consolidated operating revenues of $55.5 million, operating loss of $5.3 million, and DVP of $13.6 million in the first quarter of 2025.

 

Notable second quarter items include:

 

For the second quarter of 2025, net loss was $6.7 million ($0.26 loss per basic and diluted share). This compares to a net loss for the second quarter of 2024 of $12.5 million ($0.45 loss per basic and diluted share). Sequentially, the second quarter 2025 results compare to a net loss of $15.5 million ($0.56 loss per basic and diluted share) in the first quarter of 2025.

 

Chief Executive Officer John Gellert commented:

 

“The second quarter results reflect the changes to our fleet as we continued to implement our asset rotation and repositioning strategy.

 

Our PSV fleet saw substantial improvement on average rates and utilization, achieving a 30.3% DVP margin, even with two of our premium PSVs being out of the market the entire quarter for repairs; one of which also received a hybrid power management upgrade. The two PSVs that we sold during the quarter were sold at compelling values and were some of our first-generation handy size vessels targeting the shallow water market, which is seeing increased vertical integration in some geographic markets. PSVs contributed greatly to our results in Latin America and West Africa, as well as in the Middle East where we operate two of our PSVs in a walk-to-work configuration outfitted with motion compensated gangways owned by SEACOR Marine.

 

In the Middle East, the results were largely affected by repairs to one of our premium liftboats for almost the entire quarter. These repairs are ongoing as the scope and cost has exceeded our initial expectations, with the liftboat expected to return to service in September 2025. Despite these challenges, activity in the Middle East market continues to be healthy, and we recently mobilized an additional FSV to respond to market demand.

 

In the U.S., we saw a noticeable improvement driven mostly by higher day rates and utilization for our liftboats, offset by higher drydocking expense and the layup of our three FSVs in the region. We anticipate redeploying these FSVs to international markets during the third and fourth quarter of 2025.

 

As previously announced, on April 4, 2025, we repurchased shares and warrants representing 9.1% of the outstanding shares of common stock of the Company, assuming the full exercise of the warrants, from Carlyle. The aggregate purchase price was approximately $12.9 million. This was a unique opportunity to buy back a significant number of shares and warrants in a single block, and to simplify our capital structure by eliminating all outstanding warrants.

 

We will continue to adapt and reposition SEACOR Marine into markets and assets with lower volatility and better returns over the coming quarters and ahead of our new PSV deliveries in 2026 and 2027. We have one of the youngest fleets in the sector and will continue to demonstrate the embedded value of our assets.”

___________________

(1)

Direct vessel profit (defined as operating revenues less operating costs and expenses, “DVP”) is the Company’s measure of segment profitability. DVP is a critical financial measure used by the Company to analyze and compare the operating performance of its regions, without regard to financing decisions (depreciation and interest expense for owned vessels vs. lease expense for lease vessels). DVP is also useful when comparing the Company’s global fleet performance against those of our competitors who may have differing fleet financing structures. DVP has material limitations as an analytical tool in that it does not reflect all of the costs associated with the ownership and operation of our fleet, and it should not be considered in isolation or used as a substitute for our results as reported under GAAP. See page 4 for reconciliation of DVP to GAAP Operating Income (Loss), its most comparable GAAP measure.

* * * * *

SEACOR Marine provides global marine and support transportation services to offshore energy facilities worldwide. SEACOR Marine operates and manages a diverse fleet of offshore support vessels that deliver cargo and personnel to offshore installations, including offshore wind farms; assist offshore operations for production and storage facilities; provide construction, well work-over, offshore wind farm installation and decommissioning support; and carry and launch equipment used underwater in drilling and well installation, maintenance, inspection and repair. Additionally, SEACOR Marine’s vessels provide emergency response services and accommodations for technicians and specialists.

 

Certain statements discussed in this release as well as in other reports, materials and oral statements that the Company releases from time to time to the public constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Generally, words such as “anticipate,” “estimate,” “expect,” “project,” “intend,” “believe,” “plan,” “target,” “forecast” and similar expressions are intended to identify forward-looking statements. Such forward-looking statements concern management’s expectations, strategic objectives, business prospects, anticipated economic performance and financial condition and other similar matters. Forward-looking statements are inherently uncertain and subject to a variety of assumptions, risks and uncertainties that could cause actual results to differ materially from those anticipated or expected by the management of the Company. These statements are not guarantees of future performance and actual events or results may differ significantly from these statements. Actual events or results are subject to significant known and unknown risks, uncertainties and other important factors, many of which are beyond the Company’s control and are described in the Company’s filings with the SEC. It should be understood that it is not possible to predict or identify all such factors. Given these risk factors, investors and analysts should not place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date of the document in which they are made. The Company disclaims any obligation or undertaking to provide any updates or revisions to any forward-looking statement to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which the forward-looking statement is based, except as required by law. It is advisable, however, to consult any further disclosures the Company makes on related subjects in its filings with the Securities and Exchange Commission, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K (if any). These statements constitute the Company’s cautionary statements under the Private Securities Litigation Reform Act of 1995.

 

Please visit SEACOR Marine’s website at www.seacormarine.com for additional information.

For all other requests, contact InvestorRelations@seacormarine.com

SEACOR MARINE HOLDINGS INC.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME (LOSS)

(in thousands, except share data)

 

		Three Months Ended June 30,								Six months ended June 30,
		2025				2024				2025				2024
Operating Revenues		$	60,810			$	69,867			$	116,309			$	132,637
Costs and Expenses:
Operating			49,493				49,520				91,421				97,619
Administrative and general			11,998				10,889				23,484				22,806
Lease expense			325				486				662				967
Depreciation and amortization			12,090				12,939				24,900				25,821
			73,906				73,834				140,467				147,213
Gains on Asset Dispositions and Impairments, Net			19,163				37				24,972				36
Operating Income (Loss)			6,067				(3,930	)			814				(14,540	)
Other Income (Expense):
Interest income			372				445				808				1,038
Interest expense			(8,844	)			(10,190	)			(18,430	)			(20,499	)
Derivative gains (losses), net			87				104				212				(439	)
Foreign currency losses, net			(2,119	)			(560	)			(3,315	)			(640	)
Other, net			—				—				—				(95	)
			(10,504	)			(10,201	)			(20,725	)			(20,635	)
Loss Before Income Tax Expense (Benefit) and Equity in Earnings (Losses) of 50% or Less Owned Companies			(4,437	)			(14,131	)			(19,911	)			(35,175	)
Income Tax Expense (Benefit)			2,508				(682	)			3,412				243
Loss Before Equity in Earnings (Losses) of 50% or Less Owned Companies			(6,945	)			(13,449	)			(23,323	)			(35,418	)
Equity in Earnings (Losses) of 50% or Less Owned Companies			218				966				1,107				(134	)
Net Loss		$	(6,727	)		$	(12,483	)		$	(22,216	)		$	(35,552	)
Net Loss Per Share:
Basic		$	(0.26	)		$	(0.45	)		$	(0.83	)		$	(1.29	)
Diluted		$	(0.26	)		$	(0.45	)		$	(0.83	)		$	(1.29	)
Weighted Average Common Stock and Warrants Outstanding:
Basic			25,686,560				27,729,033				26,791,291				27,536,319
Diluted			25,686,560				27,729,033				26,791,291				27,536,319

 

SEACOR MARINE HOLDINGS INC.

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME (LOSS)

(in thousands, except statistics and per share data)

						Three Months Ended
		Jun. 30, 2025				Mar. 31, 2025				Dec. 31, 2024				Sep. 30, 2024				Jun. 30, 2024
Time Charter Statistics:
Average Rates Per Day		$	19,731			$	18,825			$	18,901			$	18,879			$	19,141
Fleet Utilization			68	%			60	%			72	%			67	%			69	%
Fleet Available Days (2)			4,310				4,583				4,870				5,026				4,994
Operating Revenues:
Time charter		$	57,673			$	51,933			$	66,095			$	63,313			$	65,649
Bareboat charter			838				708				364				372				364
Other marine services			2,299				2,858				3,349				5,231				3,854
			60,810				55,499				69,808				68,916				69,867
Costs and Expenses:
Operating:
Personnel			18,969				18,537				20,365				21,940				21,566
Repairs and maintenance			13,648				8,520				10,433				9,945				10,244
Drydocking			5,143				3,869				2,467				6,068				6,210
Insurance and loss reserves			2,982				2,153				2,473				2,584				3,099
Fuel, lubes and supplies			4,296				4,546				4,884				6,574				3,966
Other			4,455				4,303				6,104				5,796				4,435
			49,493				41,928				46,726				52,907				49,520
Direct Vessel Profit (1)			11,317				13,571				23,082				16,009				20,347
Other Costs and Expenses:
Lease expense			325				337				347				364				486
Administrative and general			11,998				11,486				10,888				11,019				10,889
Depreciation and amortization			12,090				12,810				12,879				12,928				12,939
			24,413				24,633				24,114				24,311				24,314
Gains (Losses) on Asset Dispositions and Impairments, Net			19,163				5,809				11,624				1,821				37
Operating (Loss) Income			6,067				(5,253	)			10,592				(6,481	)			(3,930	)
Other Income (Expense):
Interest income			372				436				372				358				445
Interest expense			(8,844	)			(9,586	)			(10,001	)			(10,127	)			(10,190	)
Derivative gains (losses), net			87				125				(536	)			67				104
Loss on debt extinguishment			—				—				(31,923	)			—				—
Foreign currency (losses) gains, net			(2,119	)			(1,196	)			1,308				(1,717	)			(560	)
Other, net			—				—				187				29				—
			(10,504	)			(10,221	)			(40,593	)			(11,390	)			(10,201	)
Loss Before Income Tax Expense (Benefit) and Equity in Earnings (Losses) of 50% or Less Owned Companies			(4,437	)			(15,474	)			(30,001	)			(17,871	)			(14,131	)
Income Tax Expense (Benefit)			2,508				904				(2,345	)			(513	)			(682	)
Loss Before Equity in Earnings (Losses) of 50% or Less Owned Companies			(6,945	)			(16,378	)			(27,656	)			(17,358	)			(13,449	)
Equity in Earnings (Losses) of 50% or Less Owned Companies			218				889				1,430				1,012				966
Net Loss		$	(6,727	)		$	(15,489	)		$	(26,226	)		$	(16,346	)		$	(12,483	)
Net Loss Per Share:
Basic		$	(0.26	)		$	(0.56	)		$	(0.94	)		$	(0.59	)		$	(0.45	)
Diluted		$	(0.26	)		$	(0.56	)		$	(0.94	)		$	(0.59	)		$	(0.45	)
Weighted Average Common Stock and Warrants Outstanding:
Basic			25,687				27,908				27,773				27,773				27,729
Diluted			25,687				27,908				27,773				27,773				27,729
Common Shares and Warrants Outstanding at Period End			26,976				29,488				28,950				28,950				28,941

 

 

SEACOR MARINE HOLDINGS INC.

UNAUDITED DIRECT VESSEL PROFIT (“DVP”) BY SEGMENT

(in thousands, except statistics)

						Three Months Ended
		Jun. 30, 2025				Mar. 31, 2025				Dec. 31, 2024				Sep. 30, 2024				Jun. 30, 2024
United States, primarily Gulf of America
Time Charter Statistics:
Average rates per day worked		$	25,262			$	23,874			$	26,116			$	17,188			$	22,356
Fleet utilization			48	%			25	%			45	%			42	%			37	%
Fleet available days			1,007				1,121				920				920				921
Out-of-service days for repairs, maintenance and drydockings			144				153				75				116				179
Out-of-service days for cold-stacked status (2)			270				173				184				175				127
Operating Revenues:
Time charter		$	12,205			$	6,765			$	10,744			$	6,593			$	7,697
Other marine services			1,175				235				1,114				1,188				480
			13,380				7,000				11,858				7,781				8,177
Direct Costs and Expenses:
Operating:
Personnel			6,854				6,486				6,097				6,297				6,284
Repairs and maintenance			1,950				1,479				1,680				1,655				1,879
Drydocking			3,684				1,066				1,451				2,615				2,570
Insurance and loss reserves			1,067				702				854				799				943
Fuel, lubes and supplies			1,010				819				854				964				866
Other			631				349				229				225				226
			15,196				10,901				11,165				12,555				12,768
Direct Vessel (Loss) Profit (1)		$	(1,816	)		$	(3,901	)		$	693			$	(4,774	)		$	(4,591	)
Other Costs and Expenses:
Lease expense		$	139			$	136			$	136			$	140			$	141
Depreciation and amortization			3,203				3,705				3,196				3,194				3,194
Africa and Europe
Time Charter Statistics:
Average rates per day worked		$	19,140			$	17,294			$	16,895			$	18,875			$	18,580
Fleet utilization			77	%			70	%			73	%			77	%			74	%
Fleet available days			1,668				1,710				1,856				1,990				1,969
Out-of-service days for repairs, maintenance and drydockings			248				382				180				203				203
Out-of-service days for cold-stacked status			—				—				—				58				91
Operating Revenues:
Time charter		$	24,535			$	20,835			$	22,999			$	28,809			$	27,047
Other marine services			806				852				1,027				3,048				1,028
			25,341				21,687				24,026				31,857				28,075
Direct Costs and Expenses:
Operating:
Personnel			5,515				5,183				5,654				6,083				4,969
Repairs and maintenance			4,646				3,462				3,712				3,455				3,161
Drydocking			901				1,241				835				681				1,226
Insurance and loss reserves			899				594				577				599				819
Fuel, lubes and supplies			1,714				2,180				2,226				2,514				1,170
Other			2,357				2,727				3,748				3,975				2,801
			16,032				15,387				16,752				17,307				14,146
Direct Vessel Profit (1)		$	9,309			$	6,300			$	7,274			$	14,550			$	13,929
Other Costs and Expenses:
Lease expense		$	51			$	63			$	82			$	75			$	172
Depreciation and amortization			4,263				4,402				4,477				4,540				4,565

 

SEACOR MARINE HOLDINGS INC.

UNAUDITED DIRECT VESSEL PROFIT (“DVP”) BY SEGMENT (continued)

(in thousands, except statistics)

						Three Months Ended
		Jun. 30, 2025				Mar. 31, 2025				Dec. 31, 2024				Sep. 30, 2024				Jun. 30, 2024
Middle East and Asia
Time Charter Statistics:
Average rates per day worked		$	15,506			$	17,848			$	17,337			$	17,825			$	17,083
Fleet utilization			73	%			75	%			88	%			71	%			82	%
Fleet available days			1,089				1,170				1,266				1,288				1,296
Out-of-service days for repairs, maintenance and drydockings			204				82				30				229				168
Operating Revenues:
Time charter		$	12,365			$	15,710			$	19,385			$	16,411			$	18,073
Other marine services			432				292				635				375				619
			12,797				16,002				20,020				16,786				18,692
Direct Costs and Expenses:
Operating:
Personnel			4,511				4,927				5,470				5,769				6,930
Repairs and maintenance			6,338				2,505				3,574				3,318				3,443
Drydocking			13				1,031				(226	)			832				707
Insurance and loss reserves			842				702				804				927				798
Fuel, lubes and supplies			1,279				883				840				1,043				1,103
Other			1,104				881				1,305				1,131				989
			14,087				10,929				11,767				13,020				13,970
Direct Vessel Profit (1)		$	(1,290	)		$	5,073			$	8,253			$	3,766			$	4,722
Other Costs and Expenses:
Lease expense		$	72			$	83			$	72			$	73			$	71
Depreciation and amortization			3,227				3,230				3,272				3,261				3,247
Latin America
Time Charter Statistics:
Average rates per day worked		$	23,764			$	22,084			$	21,390			$	21,984			$	22,437
Fleet utilization			66	%			67	%			73	%			63	%			71	%
Fleet available days (2)			546				582				828				828				808
Out-of-service days for repairs, maintenance and drydockings			26				—				20				94				41
Operating Revenues:
Time charter		$	8,568			$	8,623			$	12,967			$	11,500			$	12,832
Bareboat charter			838				708				364				372				364
Other marine services			(114	)			1,479				573				620				1,727
			9,292				10,810				13,904				12,492				14,923
Direct Costs and Expenses:
Operating:
Personnel			2,089				1,941				3,144				3,791				3,383
Repairs and maintenance			714				1,074				1,467				1,517				1,761
Drydocking			545				531				407				1,940				1,707
Insurance and loss reserves			174				155				238				259				539
Fuel, lubes and supplies			293				664				964				2,053				827
Other			363				346				822				465				419
			4,178				4,711				7,042				10,025				8,636
Direct Vessel Profit (1)		$	5,114			$	6,099			$	6,862			$	2,467			$	6,287
Other Costs and Expenses:
Lease expense		$	63			$	55			$	57			$	76			$	102
Depreciation and amortization			1,397				1,473				1,934				1,933				1,933