Mermaid Maritime posts $7.7m profit loss in Q1

Revenue for the period rose 33% YoY.

Mermaid Maritime reported a net loss of $7.7m attributable to owners of parent for the first quarter ended 31 March 2025, reversing a profit of $331,000 a year earlier.

Revenue rose 33% year-on-year to $117.2m, up from $88m.

Basic loss per share stood at $0.0055.