Exhibit 99.1

	PRESS RELEASE

SEACOR MARINE ANNOUNCES FOURTH QUARTER 2025 RESULTS

Houston, Texas

February 25, 2026

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 fourth quarter ended December 31, 2025.

 

SEACOR Marine’s consolidated operating revenues for the fourth quarter of 2025 were $52.3 million, operating loss was $5.2 million, and direct vessel profit (“DVP”)(1) was $9.7 million. This compares to consolidated operating revenues of $69.8 million, operating income of $10.6 million, and DVP of $23.1 million in the fourth quarter of 2024, and consolidated operating revenues of $59.2 million, operating income of $18.1 million, and DVP of $11.5 million in the third quarter of 2025.

 

Notable fourth quarter items include:

 

For the fourth quarter of 2025, net loss was $14.6 million ($0.57 loss per basic and diluted share). This compares to a net loss for the fourth quarter of 2024 of $26.2 million ($0.94 loss per basic and diluted share). Sequentially, the fourth quarter 2025 results compare to a net income of $9.0 million ($0.35 earnings per basic and diluted share) in the third quarter of 2025.

 

Chief Executive Officer John Gellert commented:

 

“The fourth quarter results reflect lower revenues driven primarily by (a) fewer available days following the sales of two 335’ liftboats at the end of the third quarter of 2025 and one of our 201’ PSVs during the fourth quarter of 2025 and (b) lower utilization for our liftboat fleet due to seasonality and changes in scope of work by one of our international liftboat customers.

Average rates for fast supply vessels (“FSVs”) and PSVs held relatively steady during the quarter, with markedly improved utilization for FSVs as we continued to successfully redeploy FSVs previously laid up in the United States to international markets. The PSV fleet saw continued improvement in DVP margins to 25.5%, despite two vessels repositioning for new contracts in Brazil commencing in Q1 2026 and soft market conditions in the North Sea.

Following the end of the fourth quarter, our two premium liftboats in the Middle East concluded their contracts and were repositioned to undergo scheduled maintenance and drydocking as well as previously deferred repairs. We do not expect these liftboats to work during the first quarter of 2026. I would note that these liftboats are charter free for the first time since the COVID pandemic. This presents us with strategic optionality and we are currently evaluating several opportunities for these liftboats.

 

Subsequent to the end of the fourth quarter, we fixed our two PSVs in the North Sea for a multi-month seismic survey campaign, which will leave our large PSV fleet in sold out status for the first time since they delivered approximately five years ago. Our contracted revenue backlog at year-end 2025 stood in excess of $500.0 million, including options; a highwater mark for us.

 

As I mentioned in my remarks to our third quarter 2025 earnings release, we have streamlined our cost structure to reflect some of the recent asset sales, most notably the sale of the two 335’ liftboats. During the fourth quarter of 2025 we incurred one-time charges of $1.2 million related to severance expenses and expect annualized savings of $3.9 million in SG&A expenses from these initiatives.

 

We are looking forward to the delivery of the first of two newbuild PSVs during the fourth quarter of 2026, with the second PSV to follow in the first quarter of 2027. Our construction program at this point is fully funded from proceeds from assets sales recently concluded or contracted, as reflected in our assets held for sale. As we continue to implement our asset rotation strategy, I expect that we will have opportunities to reduce our leverage meaningfully.

 

Our core markets outside the United States remain constructive over the long term, with increasing optimism around a number of drilling campaigns starting in the second half of 2026. An improving geopolitical outlook in certain markets could further improve demand for offshore services and we will evaluate those opportunities as they arise.”

___________________

(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 December 31,								Year ended December 31,
		2025				2024				2025				2024
Operating Revenues		$	52,329			$	69,808			$	227,832			$	271,361
Costs and Expenses:
Operating			42,667				46,726				181,772				197,252
Administrative and general			12,730				10,888				47,483				44,713
Lease expense			261				347				1,203				1,678
Depreciation and amortization			10,045				12,879				47,070				51,628
			65,703				70,840				277,528				295,271
Gains on Asset Dispositions and Impairments, Net			8,210				11,624				63,412				13,481
Operating (Loss) Income			(5,164	)			10,592				13,716				(10,429	)
Other Income (Expense):
Interest income			751				372				1,856				1,768
Interest expense			(8,673	)			(10,001	)			(36,050	)			(40,627	)
Loss on debt extinguishment			—				(31,923	)			—				(31,923	)
Derivative (losses) gains, net			(73	)			(536	)			156				(908	)
Foreign currency (losses) gains, net			(38	)			1,308				(3,135	)			(1,049	)
Gains on insurance claim settlement			—				—				4,581				—
Other, net			32				187				(189	)			121
			(8,001	)			(40,593	)			(32,781	)			(72,618	)
Loss Before Income Tax Expense (Benefit) and Equity in Earnings of 50% or Less Owned Companies			(13,165	)			(30,001	)			(19,065	)			(83,047	)
Income Tax Expense (Benefit)			1,688				(2,345	)			10,510				(2,615	)
Loss Before Equity in Earnings of 50% or Less Owned Companies			(14,853	)			(27,656	)			(29,575	)			(80,432	)
Equity in Earnings of 50% or Less Owned Companies			231				1,430				1,731				2,308
Net Loss		$	(14,622	)		$	(26,226	)		$	(27,844	)		$	(78,124	)
Net Loss Per Share:
Basic		$	(0.57	)		$	(0.94	)		$	(1.06	)		$	(2.82	)
Diluted		$	(0.57	)		$	(0.94	)		$	(1.06	)		$	(2.82	)
Weighted Average Common Stock and Warrants Outstanding:
Basic			25,670,757				27,773,200				26,223,155				27,655,289
Diluted			25,670,757				27,773,200				26,223,155				27,655,289

 

SEACOR MARINE HOLDINGS INC.

UNAUDITED CONSOLIDATED STATEMENTS OF INCOME (LOSS)

(in thousands, except statistics and per share data)

		Three Months Ended
		Dec. 31, 2025				Sep. 30, 2025				Jun. 30, 2025				Mar. 31, 2025				Dec. 31, 2024
Time Charter Statistics:
Average Rates Per Day		$	17,519			$	19,490			$	19,731			$	18,825			$	18,901
Fleet Utilization			69	%			66	%			68	%			60	%			72	%
Fleet Available Days (2)			4,127				4,321				4,310				4,583				4,870
Operating Revenues:
Time charter		$	49,817			$	55,958			$	57,673			$	51,933			$	66,095
Bareboat charter			843				846				838				708				364
Other marine services			1,669				2,390				2,299				2,858				3,349
			52,329				59,194				60,810				55,499				69,808
Costs and Expenses:
Operating:
Personnel			16,539				17,616				18,969				18,537				20,365
Repairs and maintenance			11,752				14,603				13,648				8,520				10,433
Drydocking			1,175				2,430				5,143				3,869				2,467
Insurance and loss reserves			1,570				1,948				2,982				2,153				2,473
Fuel, lubes and supplies			4,601				4,465				4,296				4,546				4,884
Other			7,030				6,622				4,455				4,303				6,104
			42,667				47,684				49,493				41,928				46,726
Direct Vessel Profit (1)			9,662				11,510				11,317				13,571				23,082
Other Costs and Expenses:
Lease expense			261				280				325				337				347
Administrative and general			12,730				11,269				11,998				11,486				10,888
Depreciation and amortization			10,045				12,125				12,090				12,810				12,879
			23,036				23,674				24,413				24,633				24,114
Gains on Asset Dispositions and Impairments, Net			8,210				30,230				19,163				5,809				11,624
Operating (Loss) Income			(5,164	)			18,066				6,067				(5,253	)			10,592
Other Income (Expense):
Interest income			751				297				372				436				372
Interest expense			(8,673	)			(8,947	)			(8,844	)			(9,586	)			(10,001	)
Derivative (losses) gains, net			(73	)			17				87				125				(536	)
Loss on debt extinguishment			—				—				—				—				(31,923	)
Foreign currency (losses) gains, net			(38	)			218				(2,119	)			(1,196	)			1,308
Gains on insurance claim settlement			—				4,581				—				—				—
Other, net			32				(221	)			—				—				187
			(8,001	)			(4,055	)			(10,504	)			(10,221	)			(40,593	)
(Loss) Income Before Income Tax Expense (Benefit) and Equity in Earnings of 50% or Less Owned Companies			(13,165	)			14,011				(4,437	)			(15,474	)			(30,001	)
Income Tax Expense (Benefit)			1,688				5,410				2,508				904				(2,345	)
(Loss) Income Before Equity in Earnings of 50% or Less Owned Companies			(14,853	)			8,601				(6,945	)			(16,378	)			(27,656	)
Equity in Earnings of 50% or Less Owned Companies			231				393				218				889				1,430
Net (Loss) Income		$	(14,622	)		$	8,994			$	(6,727	)		$	(15,489	)		$	(26,226	)
Net (Loss) Earnings Per Share:
Basic		$	(0.57	)		$	0.35			$	(0.26	)		$	(0.56	)		$	(0.94	)
Diluted		$	(0.57	)		$	0.35			$	(0.26	)		$	(0.56	)		$	(0.94	)
Weighted Average Common Stock and Warrants Outstanding:
Basic			25,671				25,658				25,687				27,908				27,773
Diluted			25,671				25,888				25,687				27,908				27,773
Common Shares and Warrants Outstanding at Period End			26,952				26,976				26,976				29,488				28,950

 

 

SEACOR MARINE HOLDINGS INC.

UNAUDITED DIRECT VESSEL PROFIT (“DVP”) BY SEGMENT

(in thousands, except statistics)

		Three Months Ended
		Dec. 31, 2025				Sep. 30, 2025				Jun. 30, 2025				Mar. 31, 2025				Dec. 31, 2024
United States, primarily Gulf of America
Time Charter Statistics:
Average rates per day worked		$	15,350			$	20,419			$	25,262			$	23,874			$	26,116
Fleet utilization			40	%			53	%			48	%			25	%			45	%
Fleet available days			705				926				1,007				1,121				920
Out-of-service days for repairs, maintenance and drydockings			127				191				144				153				75
Out-of-service days for cold-stacked status (2)			92				116				270				173				184
Operating Revenues:
Time charter		$	4,377			$	10,024			$	12,205			$	6,765			$	10,744
Other marine services			437				1,108				1,175				235				1,114
			4,814				11,132				13,380				7,000				11,858
Direct Costs and Expenses:
Operating:
Personnel			3,844				5,815				6,854				6,486				6,097
Repairs and maintenance			423				1,309				1,950				1,479				1,680
Drydocking			(98	)			1,079				3,684				1,066				1,451
Insurance and loss reserves			267				816				1,067				702				854
Fuel, lubes and supplies			460				700				1,010				819				854
Other			206				118				631				349				229
			5,102				9,837				15,196				10,901				11,165
Direct Vessel (Loss) Profit (1)		$	(288	)		$	1,295			$	(1,816	)		$	(3,901	)		$	693
Other Costs and Expenses:
Lease expense		$	129			$	148			$	139			$	136			$	136
Depreciation and amortization			1,579				3,106				3,203				3,705				3,196
Africa and Europe
Time Charter Statistics:
Average rates per day worked		$	17,095			$	17,983			$	19,140			$	17,294			$	16,895
Fleet utilization			84	%			75	%			77	%			70	%			73	%
Fleet available days			1,559				1,656				1,668				1,710				1,856
Out-of-service days for repairs, maintenance and drydockings			144				229				248				382				180
Operating Revenues:
Time charter		$	22,317			$	22,357			$	24,535			$	20,835			$	22,999
Other marine services			580				733				806				852				1,027
			22,897				23,090				25,341				21,687				24,026
Direct Costs and Expenses:
Operating:
Personnel			4,656				4,465				5,515				5,183				5,654
Repairs and maintenance			4,694				6,531				4,646				3,462				3,712
Drydocking			987				1,413				901				1,241				835
Insurance and loss reserves			481				326				899				594				577
Fuel, lubes and supplies			1,292				1,781				1,714				2,180				2,226
Other			2,558				3,573				2,357				2,727				3,748
			14,668				18,089				16,032				15,387				16,752
Direct Vessel Profit (1)		$	8,229			$	5,001			$	9,309			$	6,300			$	7,274
Other Costs and Expenses:
Lease expense		$	8			$	8			$	51			$	63			$	82
Depreciation and amortization			3,968				4,302				4,263				4,402				4,477

 

SEACOR MARINE HOLDINGS INC.

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

(in thousands, except statistics)

		Three Months Ended
		Dec. 31, 2025				Sep. 30, 2025				Jun. 30, 2025				Mar. 31, 2025				Dec. 31, 2024
Middle East and Asia
Time Charter Statistics:
Average rates per day worked		$	17,587			$	17,818			$	15,506			$	17,848			$	17,337
Fleet utilization			73	%			64	%			73	%			75	%			88	%
Fleet available days			1,091				1,104				1,089				1,170				1,266
Out-of-service days for repairs, maintenance and drydockings			72				157				204				82				30
Operating Revenues:
Time charter		$	13,940			$	12,606			$	12,365			$	15,710			$	19,385
Other marine services			570				319				432				292				635
			14,510				12,925				12,797				16,002				20,020
Direct Costs and Expenses:
Operating:
Personnel			4,768				4,956				4,511				4,927				5,470
Repairs and maintenance			5,103				5,798				6,338				2,505				3,574
Drydocking			290				(1	)			13				1,031				(226	)
Insurance and loss reserves			624				611				842				702				804
Fuel, lubes and supplies			1,691				1,241				1,279				883				840
Other			1,376				1,167				1,104				881				1,305
			13,852				13,772				14,087				10,929				11,767
Direct Vessel Profit (Loss) (1)		$	658			$	(847	)		$	(1,290	)		$	5,073			$	8,253
Other Costs and Expenses:
Lease expense		$	68			$	70			$	72			$	83			$	72
Depreciation and amortization			3,160				3,231				3,227				3,230				3,272
Latin America
Time Charter Statistics:
Average rates per day worked		$	19,946			$	25,541			$	23,764			$	22,084			$	21,390
Fleet utilization			60	%			68	%			66	%			67	%			73	%
Fleet available days (2)			772				635				546				582				828
Out-of-service days for repairs, maintenance and drydockings			—				7				26				—				20
Operating Revenues:
Time charter		$	9,183			$	10,971			$	8,568			$	8,623			$	12,967
Bareboat charter			843				846				838				708				364
Other marine services			82				230				(114	)			1,479				573
			10,108				12,047				9,292				10,810				13,904
Direct Costs and Expenses:
Operating:
Personnel			3,271				2,380				2,089				1,941				3,144
Repairs and maintenance			1,532				965				714				1,074				1,467
Drydocking			(4	)			(61	)			545				531				407
Insurance and loss reserves			198				195				174				155				238
Fuel, lubes and supplies			1,158				743				293				664				964
Other			2,890				1,764				363				346				822
			9,045				5,986				4,178				4,711				7,042
Direct Vessel Profit (1)		$	1,063			$	6,061			$	5,114			$	6,099			$	6,862
Other Costs and Expenses:
Lease expense		$	56			$	54			$	63			$	55			$	57
Depreciation and amortization			1,338				1,486				1,397				1,473				1,934