United Maritime Reports Improved First Quarter 2026 Financial Results and Declares Quarterly Cash Dividend of $0.10 Per Share

Highlights (in million USD, except LPS) Q1 2026 Q1 2025 Net Revenues $7.9 $7.8 Net Loss ($0.1) ($4.5) Adjusted Net Income / (Loss)1 $0.2 ($4.4) EBITDA1 $2.9 $0.7 Adjusted EBITDA1 $3.2 $0.9 Net loss per share Basic and Diluted ($0.01) ($0.52) Adjusted earnings / (loss) per share Basic1 and Diluted1 $0.02 ($0.50) Other Highlights and Developments: $62.2 million Expansion in Capesizes Enhances Earnings Visibility and Free Cash Flow Took delivery of the 2010-built Capesize M/V Dukeship, employed at a fixed rate of approximately $29,300 through year-end 2026. Acquired the 2010-built, scrubber-fitted Capesize M/V Squireship, with expected delivery in June 2026, meaningfully strengthening fleet earnings capacity.
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