Exhibit 99.1

	PRESS RELEASE

SEACOR MARINE ANNOUNCES THIRD QUARTER 2025 RESULTS

Houston, Texas

October 29, 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 third quarter ended September 30, 2025.

 

SEACOR Marine’s consolidated operating revenues for the third quarter of 2025 were $59.2 million, operating income was $18.1 million, and direct vessel profit (“DVP”)(1) was $11.5 million. This compares to consolidated operating revenues of $68.9 million, operating loss of $6.5 million, and DVP of $16.0 million in the third quarter of 2024, and consolidated operating revenues of $60.8 million, operating income of $6.1 million, and DVP of $11.3 million in the second quarter of 2025.

 

Notable third quarter items include:

 

For the third quarter of 2025, net income was $9.0 million ($0.35 earnings per basic and diluted share). This compares to a net loss for the third quarter of 2024 of $16.3 million ($0.59 loss per basic and diluted share). Sequentially, the third quarter 2025 results compare to a net loss of $6.7 million ($0.26 loss per basic and diluted share) in the second quarter of 2025.

 

Chief Executive Officer John Gellert commented:

 

“The third quarter results reflect lower revenues driven by lower utilization in our premium liftboat fleet and soft market conditions in the North Sea.

 

As previously announced, we completed the sale of our two 335’ class liftboats to a foreign buyer at the end of the third quarter. In connection with this sale we incurred some market downtime during the quarter as the two liftboats were taken off the market in order to ensure a timely delivery. Additionally, one of our premium liftboats in the Middle East remained off hire undergoing repairs during the entire quarter. This vessel has now completed its repairs and is mobilizing towards a contract.

Average rates held steady during the quarter, despite poor utilization and pricing in the North Sea, and each of our reporting segments reported positive DVP for the quarter, except the Middle East due to the ongoing repairs of the premium liftboat, which are now completed.

Our fast supply vessel (“FSV”) fleet saw improved utilization and dayrate performance. We reactivated two of the three FSVs previously cold-stacked in the U.S., with one FSV redeployed to a contract internationally during the quarter and another one being prepared for service in international markets.

The platform supply vessel (“PSV”) fleet generated a 24.8% DVP margin despite being negatively affected by continued soft conditions in the North Sea. During the quarter, we were awarded multi-year contracts in Brazil for two of our large hybrid-powered PSVs with contract commencement in Q1 2026. These contracts will reduce our presence in the North Sea to two PSVs.

The successful execution of the liftboat sale during the third quarter demonstrates the deep value of our fleet and allows us to continue our strategic shift away from high volatility markets. We are streamlining our cost structure to reflect the recent asset sales and will utilize our improved liquidity profile to fund our newbuild PSV program and position ourselves for developments in offshore markets in the near term. With a better positioned fleet, an improved cost structure and a strengthened balance sheet, we will continue to explore opportunities to redeploy capital into more attractive assets or consolidation.”

___________________

(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 September 30,								Nine months ended September 30,
		2025				2024				2025				2024
Operating Revenues		$	59,194			$	68,916			$	175,503			$	201,553
Costs and Expenses:
Operating			47,684				52,907				139,105				150,526
Administrative and general			11,269				11,019				34,753				33,825
Lease expense			280				364				942				1,331
Depreciation and amortization			12,125				12,928				37,025				38,749
			71,358				77,218				211,825				224,431
Gains on Asset Dispositions and Impairments, Net			30,230				1,821				55,202				1,857
Operating Income (Loss)			18,066				(6,481	)			18,880				(21,021	)
Other Income (Expense):
Interest income			297				358				1,105				1,396
Interest expense			(8,947	)			(10,127	)			(27,377	)			(30,626	)
Derivative gains (losses), net			17				67				229				(372	)
Foreign currency gains (losses), net			218				(1,717	)			(3,097	)			(2,357	)
Gains on insurance claim settlement			4,581				—				4,581				—
Other, net			(221	)			29				(221	)			(66	)
			(4,055	)			(11,390	)			(24,780	)			(32,025	)
Income (Loss) Before Income Tax Expense (Benefit) and Equity in Earnings of 50% or Less Owned Companies			14,011				(17,871	)			(5,900	)			(53,046	)
Income Tax Expense (Benefit)			5,410				(513	)			8,822				(270	)
Income (Loss) Before Equity in Earnings of 50% or Less Owned Companies			8,601				(17,358	)			(14,722	)			(52,776	)
Equity in Earnings of 50% or Less Owned Companies			393				1,012				1,500				878
Net Income (Loss)		$	8,994			$	(16,346	)		$	(13,222	)		$	(51,898	)
Net Earnings (Loss) Per Share:
Basic		$	0.35			$	(0.59	)		$	(0.50	)		$	(1.88	)
Diluted		$	0.35			$	(0.59	)		$	(0.50	)		$	(1.88	)
Weighted Average Common Stock and Warrants Outstanding:
Basic			25,657,809				27,772,733				26,409,312				27,615,699
Diluted			25,887,710				27,772,733				26,409,312				27,615,699

 

SEACOR MARINE HOLDINGS INC.

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME (LOSS)

(in thousands, except statistics and per share data)

		Three Months Ended
		Sep. 30, 2025				Jun. 30, 2025				Mar. 31, 2025				Dec. 31, 2024				Sep. 30, 2024
Time Charter Statistics:
Average Rates Per Day		$	19,490			$	19,731			$	18,825			$	18,901			$	18,879
Fleet Utilization			66	%			68	%			60	%			72	%			67	%
Fleet Available Days (2)			4,321				4,310				4,583				4,870				5,026
Operating Revenues:
Time charter		$	55,958			$	57,673			$	51,933			$	66,095			$	63,313
Bareboat charter			846				838				708				364				372
Other marine services			2,390				2,299				2,858				3,349				5,231
			59,194				60,810				55,499				69,808				68,916
Costs and Expenses:
Operating:
Personnel			17,616				18,969				18,537				20,365				21,940
Repairs and maintenance			14,603				13,648				8,520				10,433				9,945
Drydocking			2,430				5,143				3,869				2,467				6,068
Insurance and loss reserves			1,948				2,982				2,153				2,473				2,584
Fuel, lubes and supplies			4,465				4,296				4,546				4,884				6,574
Other			6,622				4,455				4,303				6,104				5,796
			47,684				49,493				41,928				46,726				52,907
Direct Vessel Profit (1)			11,510				11,317				13,571				23,082				16,009
Other Costs and Expenses:
Lease expense			280				325				337				347				364
Administrative and general			11,269				11,998				11,486				10,888				11,019
Depreciation and amortization			12,125				12,090				12,810				12,879				12,928
			23,674				24,413				24,633				24,114				24,311
Gains on Asset Dispositions and Impairments, Net			30,230				19,163				5,809				11,624				1,821
Operating Income (Loss)			18,066				6,067				(5,253	)			10,592				(6,481	)
Other Income (Expense):
Interest income			297				372				436				372				358
Interest expense			(8,947	)			(8,844	)			(9,586	)			(10,001	)			(10,127	)
Derivative gains (losses), net			17				87				125				(536	)			67
Loss on debt extinguishment			—				—				—				(31,923	)			—
Foreign currency gains (losses), net			218				(2,119	)			(1,196	)			1,308				(1,717	)
Gains on insurance claim settlement			4,581				—				—				—				—
Other, net			(221	)			—				—				187				29
			(4,055	)			(10,504	)			(10,221	)			(40,593	)			(11,390	)
Income (Loss) Before Income Tax Expense (Benefit) and Equity in Earnings of 50% or Less Owned Companies			14,011				(4,437	)			(15,474	)			(30,001	)			(17,871	)
Income Tax Expense (Benefit)			5,410				2,508				904				(2,345	)			(513	)
Income (Loss) Before Equity in Earnings of 50% or Less Owned Companies			8,601				(6,945	)			(16,378	)			(27,656	)			(17,358	)
Equity in Earnings of 50% or Less Owned Companies			393				218				889				1,430				1,012
Net Income (Loss)		$	8,994			$	(6,727	)		$	(15,489	)		$	(26,226	)		$	(16,346	)
Net Earnings (Loss) Per Share:
Basic		$	0.35			$	(0.26	)		$	(0.56	)		$	(0.94	)		$	(0.59	)
Diluted		$	0.35			$	(0.26	)		$	(0.56	)		$	(0.94	)		$	(0.59	)
Weighted Average Common Stock and Warrants Outstanding:
Basic			25,658				25,687				27,908				27,773				27,773
Diluted			25,888				25,687				27,908				27,773				27,773
Common Shares and Warrants Outstanding at Period End			26,976				26,976				29,488				28,950				28,950

 

 

SEACOR MARINE HOLDINGS INC.

UNAUDITED DIRECT VESSEL PROFIT (“DVP”) BY SEGMENT

(in thousands, except statistics)

		Three Months Ended
		Sep. 30, 2025				Jun. 30, 2025				Mar. 31, 2025				Dec. 31, 2024				Sep. 30, 2024
United States, primarily Gulf of America
Time Charter Statistics:
Average rates per day worked		$	20,419			$	25,262			$	23,874			$	26,116			$	17,188
Fleet utilization			53	%			48	%			25	%			45	%			42	%
Fleet available days			926				1,007				1,121				920				920
Out-of-service days for repairs, maintenance and drydockings			191				144				153				75				116
Out-of-service days for cold-stacked status (2)			116				270				173				184				175
Operating Revenues:
Time charter		$	10,024			$	12,205			$	6,765			$	10,744			$	6,593
Other marine services			1,108				1,175				235				1,114				1,188
			11,132				13,380				7,000				11,858				7,781
Direct Costs and Expenses:
Operating:
Personnel			5,815				6,854				6,486				6,097				6,297
Repairs and maintenance			1,309				1,950				1,479				1,680				1,655
Drydocking			1,079				3,684				1,066				1,451				2,615
Insurance and loss reserves			816				1,067				702				854				799
Fuel, lubes and supplies			700				1,010				819				854				964
Other			118				631				349				229				225
			9,837				15,196				10,901				11,165				12,555
Direct Vessel Profit (Loss) (1)		$	1,295			$	(1,816	)		$	(3,901	)		$	693			$	(4,774	)
Other Costs and Expenses:
Lease expense		$	148			$	139			$	136			$	136			$	140
Depreciation and amortization			3,106				3,203				3,705				3,196				3,194
Africa and Europe
Time Charter Statistics:
Average rates per day worked		$	17,983			$	19,140			$	17,294			$	16,895			$	18,875
Fleet utilization			75	%			77	%			70	%			73	%			77	%
Fleet available days			1,656				1,668				1,710				1,856				1,990
Out-of-service days for repairs, maintenance and drydockings			229				248				382				180				203
Out-of-service days for cold-stacked status			—				—				—				—				58
Operating Revenues:
Time charter		$	22,357			$	24,535			$	20,835			$	22,999			$	28,809
Other marine services			733				806				852				1,027				3,048
			23,090				25,341				21,687				24,026				31,857
Direct Costs and Expenses:
Operating:
Personnel			4,465				5,515				5,183				5,654				6,083
Repairs and maintenance			6,531				4,646				3,462				3,712				3,455
Drydocking			1,413				901				1,241				835				681
Insurance and loss reserves			326				899				594				577				599
Fuel, lubes and supplies			1,781				1,714				2,180				2,226				2,514
Other			3,573				2,357				2,727				3,748				3,975
			18,089				16,032				15,387				16,752				17,307
Direct Vessel Profit (1)		$	5,001			$	9,309			$	6,300			$	7,274			$	14,550
Other Costs and Expenses:
Lease expense		$	8			$	51			$	63			$	82			$	75
Depreciation and amortization			4,302				4,263				4,402				4,477				4,540

 

SEACOR MARINE HOLDINGS INC.

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

(in thousands, except statistics)

		Three Months Ended
		Sep. 30, 2025				Jun. 30, 2025				Mar. 31, 2025				Dec. 31, 2024				Sep. 30, 2024
Middle East and Asia
Time Charter Statistics:
Average rates per day worked		$	17,818			$	15,506			$	17,848			$	17,337			$	17,825
Fleet utilization			64	%			73	%			75	%			88	%			71	%
Fleet available days			1,104				1,089				1,170				1,266				1,288
Out-of-service days for repairs, maintenance and drydockings			157				204				82				30				229
Operating Revenues:
Time charter		$	12,606			$	12,365			$	15,710			$	19,385			$	16,411
Other marine services			319				432				292				635				375
			12,925				12,797				16,002				20,020				16,786
Direct Costs and Expenses:
Operating:
Personnel			4,956				4,511				4,927				5,470				5,769
Repairs and maintenance			5,798				6,338				2,505				3,574				3,318
Drydocking			(1	)			13				1,031				(226	)			832
Insurance and loss reserves			611				842				702				804				927
Fuel, lubes and supplies			1,241				1,279				883				840				1,043
Other			1,167				1,104				881				1,305				1,131
			13,772				14,087				10,929				11,767				13,020
Direct Vessel (Loss) Profit (1)		$	(847	)		$	(1,290	)		$	5,073			$	8,253			$	3,766
Other Costs and Expenses:
Lease expense		$	70			$	72			$	83			$	72			$	73
Depreciation and amortization			3,231				3,227				3,230				3,272				3,261
Latin America
Time Charter Statistics:
Average rates per day worked		$	25,541			$	23,764			$	22,084			$	21,390			$	21,984
Fleet utilization			68	%			66	%			67	%			73	%			63	%
Fleet available days (2)			635				546				582				828				828
Out-of-service days for repairs, maintenance and drydockings			7				26				—				20				94
Operating Revenues:
Time charter		$	10,971			$	8,568			$	8,623			$	12,967			$	11,500
Bareboat charter			846				838				708				364				372
Other marine services			230				(114	)			1,479				573				620
			12,047				9,292				10,810				13,904				12,492
Direct Costs and Expenses:
Operating:
Personnel			2,380				2,089				1,941				3,144				3,791
Repairs and maintenance			965				714				1,074				1,467				1,517
Drydocking			(61	)			545				531				407				1,940
Insurance and loss reserves			195				174				155				238				259
Fuel, lubes and supplies			743				293				664				964				2,053
Other			1,764				363				346				822				465
			5,986				4,178				4,711				7,042				10,025
Direct Vessel Profit (1)		$	6,061			$	5,114			$	6,099			$	6,862			$	2,467
Other Costs and Expenses:
Lease expense		$	54			$	63			$	55			$	57			$	76
Depreciation and amortization			1,486				1,397				1,473				1,934				1,933