Navios Maritime Partners Raises Distributions 20% and Repurchases $72.9M Units
Navios Maritime Partners generated $365.6M revenue and $117.3M net income in Q4, driving FY revenue of $1.344B and net income of $285.3M with EBITDA of $744.6M. The partnership approved a 20% distribution increase to $0.24 per unit annualized and repurchased 1.6M units for $72.9M.
1. Financial Performance
Navios Maritime Partners reported Q4 2025 revenue of $365.6 million and net income of $117.3 million, leading full-year revenue of $1.3441 billion and net income of $285.3 million. EBITDA reached $224.8 million for the quarter and $744.6 million for the year, while operating cash flow totaled $123.7 million in Q4 and $505.0 million for FY 2025.
2. Distribution and Repurchase Program
The board approved a 20% increase in annual distributions to $0.24 per unit, effective Q1 2026, with quarterly payouts of $0.06. Since inception, the unit repurchase program has bought 1.6 million units for $72.9 million, leaving 28.58 million units outstanding as of February 12, 2026.
3. Fleet Transactions and Contracted Revenue
During Q4 2025 and YTD 2026, the partnership acquired two scrubber-fitted capesize vessels for $134.3 million under 12-year bareboat contracts, expected for delivery in 2028 and 2029. It sold two VLCC tankers for $136.5 million, took delivery of a scrubber-fitted aframax/LR2 tanker, and holds $3.8 billion in contracted revenue from new long-term charters.