Euro-Holdings Ltd · Q2 2025 earnings

Briefing

Euroholdings Q2 2025: $2.9M revenue, $0.8M profit; board pivots growth to MR product tankers

Euroholdings Ltd reported results for the quarter ended June 30, 2025, with total net revenues of $2.9 million and net income of $0.8 million, or $0.30 basic and diluted EPS (unchanged on an adjusted basis). Adjusted EBITDA was $0.8 million on an average of 2.0 vessels earning a time charter equivalent rate of $16,528 per day, up 7.1% from $15,435 in Q2 2024. First-half net income was $11.9 million ($4.28 EPS), reflecting a vessel sale gain, while adjusted H1 net income was $1.7 million ($0.60 EPS). The board declared a $0.14 quarterly dividend (about 7.5% annualized yield) payable September 16, 2025, and announced a strategic shift to focus growth on modern medium-range product tankers while maintaining its two feeder containerships.

• Q2 net revenues $2.9M; net income $0.8M ($0.30 EPS); adjusted EBITDA $0.8M
• Average TCE rate $16,528/day (+7.1% YoY) on 2.0 vessels
• Declared $0.14 quarterly dividend payable September 16, 2025
• Board decided to focus growth on modern MR product tankers
• Marla Investments acquired 51.04% stake; Latsis and Pittas families remain major shareholders

Headline financials

Revenue & EPS history

Management will gradually implement a growth strategy targeting modern medium-range product tankers over the next several months while potentially rechartering feeder containerships beyond current contracts.