Euroholdings Q2 revenue $2.9mln, net income $0.8mln, EPS $0.30.

• Euroholdings reports Q2 2025 net revenues of $2.9mln. • Net income of $0.8mln; $0.30 earnings per share. • Container carrier vessel owner and operator. • Provides seaborne transportation for containerized cargoes. • Three subsidiaries contributed by Euroseas. • Euroholdings spun off on March 17, 2025. • Historical comparative periods reflect carve-out operations.

Euroholdings Ltd (NASDAQ: EHLD), a container carrier vessel owner and operator, reported its Q2 2025 financial results, showing net revenues of $2.9 million and net income of $0.8 million, translating to $0.30 earnings per share. The company operates seaborne transportation for containerized cargoes and is the holding company for three subsidiaries contributed by Euroseas Ltd. (NASDAQ: ESEA).

The company's Q2 2025 results reflect a strategic pivot from containers to tankers, with a focus on modern medium-range product tankers. This shift comes after the company's spinoff from Euroseas on March 17, 2025, and a significant ownership change where Marla Investments Inc., associated with Greece's Latsis family, acquired 51.04% of shares in June 2025. The Pittas family remains a large shareholder.

In Q2 2025, Euroholdings operated an average of 2.0 vessels, earning an average time charter rate of $16,528 per day, a 7.1% increase year-over-year. The company declared a quarterly dividend of $0.14 per share, representing an annualized yield of approximately 7.5%.

For H1 2025, Euroholdings reported $11.9 million in net income, including a $10.23 million gain from the sale of the M/V Diamantis P vessel. Excluding this one-time gain, adjusted H1 earnings were $0.60 per share. The company's operating expenses increased on a per-vessel basis to $11,296 per day from $6,349 in Q2 2024, primarily due to higher G&A expenses related to the spinoff and costs of being a standalone public company, spread across fewer vessels.

Euroholdings' shift to the tanker sector represents a significant strategic redirection. With the backing of major shareholders with substantial financial resources, the company appears positioned to execute its growth strategy in the product tanker sector while potentially benefiting from continued strength in containership markets.

References:
[1] https://www.stocktitan.net/news/EHLD/euroholdings-ltd-reports-results-for-the-quarter-and-six-month-71hqeirr11za.html