Euro-Holdings Ltd · Q4 2025 earnings

Briefing

Euroholdings posts $1.3M Q4 profit on higher charter rates as tanker pivot gains traction

Euroholdings Ltd reported solid fourth-quarter 2025 results for the three months ended December 31, 2025, with total net revenues of $4.5 million, up 24.9% year over year, and net income of $1.3 million ($0.45 per share basic and diluted) versus a $0.9 million net loss in Q4 2024. Adjusted net income was unchanged at $1.3 million and adjusted EBITDA rose to $1.6 million from negative $0.9 million a year earlier, as average time charter equivalent rates improved 17.5% to $18,778 per day across 2.5 vessels. Management declared a $0.14 quarterly dividend payable March 17, 2026, and highlighted the November delivery of MR product tanker Hellas Avatar plus plans to acquire another modern tanker. For full-year 2025, net revenues were $13.2 million and GAAP net income was $14.7 million ($5.25 EPS), boosted by a $10.2 million gain on the sale of container carrier Diamantis P; adjusted EPS was $1.60.

• Q4 net revenues rose to $4.5M (+25% YoY) with net income of $1.3M and EPS of $0.45, reversing a $0.9M loss in Q4 2024.
• Average TCE rate improved to $18,778/day (+17.5% YoY) on 2.5 vessels; adjusted EBITDA was $1.6M versus $(0.9)M prior year.
• Board declared a $0.14 quarterly dividend (~8% annualized yield), payable March 17 to holders of record March 10.
• Strategic repositioning advanced with November delivery of 2015-built MR tanker Hellas Avatar ($31.83M purchase, $20M bank financing).
• FY2025 GAAP net income of $14.7M ($5.25 EPS) included a $10.2M vessel sale gain; adjusted EPS was $1.60 on $13.2M net revenues.

Headline financials

Revenue & EPS history