Navios Maritime Partners, an international owner and operator of dry cargo and tanker vessels, reported its financial results for the first quarter ended March 31, 2025.
- Revenue:
- $304.1 million for Q1 2025
- Net Income:
- $41.7 million for Q1 2025
- Earnings per common unit:
- $1.38 for Q1 2025
- Net cash from operating activities:
- $156.6 million for Q1 2025
- EBITDA:
- $147.6 million for Q1 2025
- Returning capital to unitholders:
- 423,984 common units repurchased in 2025 (through May 1st) for $16.1 million
- $0.05 per unit cash distribution for Q1 2025; $0.20 per unit annualized
- Sales and purchases YTD 2025:
- $34.7 million gross sale proceeds from sale of three vessels; average age of 19.1 years
- Four newbuilding vessels delivered
- $ 3.4 billion contracted revenue as of April 2025
Angeliki Frangou, Chairwoman and Chief Executive Officer of Navios Partners stated, “I am pleased with the results for the first quarter of 2025, in which we reported revenue of $304.1 million, EBITDA of $147.6 million and net income of $41.7 million. In addition, earnings per common unit were $1.38 for the quarter.”
Angeliki Frangou continued, “The economic environment over the past month has been particularly uncertain, with the global expectations being driven by the unprecedented U.S. tariff proclamation, followed by revisions, pauses, and exceptions. In response, sentiment turned bearish, and the U.S. and other financial markets experienced extraordinary volatility, with the U.S. financial markets recovering only last week to the pre-tariff announcement levels. As the U.S. administration maneuvers toward a tariff regime furthering its policy aspirations, a faint outline is starting to emerge. It appears the potential impact on maritime transportation may be more muted than feared, although extreme outcomes are still possible.”