Euroholdings Ltd. reported improved performance for the third quarter of 2025, marking its first full year as an independent company following its spin-off from Euroseas in March.
The Company posted net revenues of USD 3.0 million and net income of USD 1.5 million, equal to USD 0.55 per share. Adjusted EBITDA reached USD 1.4 million. Euroholdings operated an average of two vessels during the quarter, earning a time-charter equivalent rate of USD 16,580 per day. The Board declared a USD 0.14 per-share dividend, payable on 16 December to shareholders of record on 9 December.
For the first nine months of 2025, Euroholdings generated USD 8.7 million in revenue, with net income of USD 13.4 million, or USD 4.81 per share. Adjusted net income stood at USD 3.2 million, and adjusted EBITDA was USD 3.1 million.
The Company also reported progress on its fleet expansion. On 3 November, it agreed to acquire a 2015-built MR product tanker of 49,997 dwt for USD 31.83 million from an affiliated party. An independent committee reviewed and approved the deal. To finance the purchase, Euroholdings signed a USD 20 million loan agreement with Piraeus Bank, with delivery expected in mid-November.
“We are pleased to report the results for the third quarter of 2025 which were much improved as compared to the previous one. We are also happy to declare the third quarterly dividend representing an annualized yield of about 8% on the strength of the earnings generated from our current containership vessels,” said Aristides Pittas, chairman, president and CEO at Euroholdings.
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