The new autonomous shipping company that emerged from the spin-off of Euroseas in March 2025 performed positively in the third quarter and the first nine months of 2025.
With two containerships in operation, the company managed to increase its profits on both a quarterly and annual basis, while at the same time advancing its strategic entry into the product tanker sector.
In the third quarter of 2025, Euroholdings recorded revenues of 3 million dollars. At the same time, profitability amounted to 1.5 million dollars and earnings/share to 0.55. Adjusted EBITDA amounted to 1.4 million.
According to the company, the average daily vessel efficiency (TCE) amounted to 16,580/day (+17.7%).
The company also paid a third consecutive dividend of 0.14 dollars per share, an annualized yield of about 8%.
For the nine months, the company reported revenue of 8.7 million and net income jumped to 13.4 million, mainly thanks to a 10.2 million gain on the sale of the M/V Diamantis P. Excluding the accounting gain, adjusted net income was 3.2 million. The daily yield of the vessels in the nine months stood at 16,298.
“We remain committed to growing the company through the product tanker industry, where we see increased opportunities and greater visibility in the energy and capital markets,” the chairman and CEO of Euroholdings, Aristides Pittas, stated.
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