
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.