Euroholdings (NasdaqCM:EHLD) Q3 2025 Earnings Call November 17, 2025 10:00 AM ET Company ParticipantsAthina Atalioti - CFOTasos Aslidis - Chief Strategy OfficerAristides Pittas - Chairman and CEOConference Call ParticipantsPoe Fratt - Research AnalystOperatorThank you for standing by, ladies and gentlemen, and welcome to the Euroholdings Conference call on the third quarter 2025 financial results. We have with us Mr. Aristides Pittas, Chairman and Chief Executive Officer; Ms. Athina Atalioti, Chief Financia ...

Financial Data and Key Metrics Changes - For Q3 2025, the company reported total net revenues of $2.96 million and net income of $1.5 million, translating to earnings of $0.55 per share [5][24] - Adjusted EBITDA for the quarter was $1.44 million, with total net revenues for the first nine months of 2025 amounting to $8.75 million and net income of $13.4 million [24][26] - The company declared a quarterly dividend of $0.14 per share, maintaining an annualized yield of approximately 8% [6][5] Business Line Data and Key Metrics Changes - The company is transitioning from container ships to tankers, with an investment in a medium-range product tanker, Hellas Avatar, for $31.83 million [7][4] - The current fleet includes two feeder container ships with a combined capacity of 3,170 TEU, and after the delivery of Hellas Avatar, the total carrying capacity will be approximately 91,000 deadweight [8][9] Market Data and Key Metrics Changes - The feeder container ship market remains strong, with time charter rates for vessels at $28,700 per day, significantly above the 10-year average of $16,800 per day [12][11] - The medium-range product tanker market shows stable charter rates, with one-year rates at approximately $23,750 per day, aligning with historical averages [14][13] Company Strategy and Development Direction - The company aims to expand its fleet while maintaining operational continuity through profitable charters of existing vessels [4][8] - The strategic shift towards tankers is supported by cash flows from current assets and potential capital raised in financial markets [8][7] Management's Comments on Operating Environment and Future Outlook - Management highlighted the uncertainties in the market, including geopolitical risks and environmental regulations, which could impact fleet supply and demand [22][21] - Future demand for product tankers is expected to increase, driven by global oil product trade forecasts and refinery capacity developments [20][19] Other Important Information - The company has a solid balance sheet with cash and other assets totaling $17.5 million and a book equity position of approximately $19 million [27][26] - The market value of the fleet is significantly higher than its book value, with a net asset value of around $30.2 million [27][26] Q&A Session Summary Question: Are you considered an associated person regarding the acquisition? - Management clarified that the CEO was not excluded from the review process and led the committee overseeing the acquisition [32] Question: When is the dry dock scheduled for the Joanna, and what are the prospects for a longer-term charter? - Negotiations for extending the charter of Joanna are ongoing, with maintenance work planned before the next scheduled special service in 2027 [33] Question: What is the chartering strategy for the MR? - Currently, the company is taking advantage of the spot market but may consider longer charters in the future depending on expansion plans [36] Question: What is the current state of the S&P market for acquiring additional MRs? - Management noted that prices are stable, softer than a year ago, but not too high or low, indicating a cautious approach to future acquisitions [40]

Euroholdings (NasdaqCM:EHLD) Q3 2025 Earnings Call November 17, 2025 10:00 AM ET Speaker4Thank you for standing by, ladies and gentlemen, and welcome to the Euroholdings Conference call on the third quarter 2025 financial results. We have with us Mr. Aristides Pittas, Chairman and Chief Executive Officer; Ms. Athena Atalioti, Chief Financial Officer; and Mr. Tazos Aslidis, Chief Strategy Officer. At this time, all participants are in a listen-only mode. There will be a presentation followed by a question-an ...

12 – 34 – 106 229 – 29 – 36 192 – 0 – 0 217 – 217 – 217 Earnings Presentation Quarter Ended September 30, 2025 1 November 17, 2025 30 – 78 – 230 220 – 230 – 242 242 – 242 – 242 154 – 172 – 204 Forward-Looking Statements Statements in this presentation may be "forward-looking statements" within the meaning of federal securities laws. The matters discussed herein that are forward-looking statements are based on current management expectations that involve risks and uncertainties that may result in such expect ...

ATHENS, Greece, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Euroholdings Ltd (NASDAQ: EHLD, the “Company” or “Euroholdings”), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today its results for the three and nine-month periods ended September 30, 2025. The Company was incorporated by Euroseas Ltd. (NASDAQ: ESEA, or "Euroseas") to serve as the holding company of three subsidiaries that were contributed by Euroseas to Euroholdings effecti ...

ATHENS, Greece, Nov. 12, 2025 (GLOBE NEWSWIRE) -- EuroHoldings Ltd. (NASDAQ: EHLD) (“EuroHoldings” or the “Company”) an owner and operator of ocean-going vessels and provider of seaborne transportation, announced today that it will release its financial results for the third quarter ended September 30, 2025 on November 17, 2025, before market opens in New York. On the same day, Monday, November 17, 2025, at 10:00 a.m. Eastern Time, the Company's management will host a conference call and webcast to discuss ...

Core Viewpoint - EuroHoldings Ltd. has signed a Memorandum of Agreement to acquire a medium-range product tanker vessel for $31.83 million, marking a strategic pivot towards the tanker sector [1][2]. Company Overview - EuroHoldings Ltd. was incorporated on March 20, 2024, in the Republic of the Marshall Islands, as a holding company for three vessel-owning subsidiaries of Euroseas Ltd. [3]. - The company operates worldwide ocean-going transportation services and is managed by Eurobulk Ltd., which handles the commercial and technical management of the vessels [4]. - EuroHoldings is listed on the Nasdaq Capital Market under the symbol "EHLD" [5]. Acquisition Details - The acquired vessel has a capacity of 49,997 dwt and was built in 2015 in South Korea, with delivery expected in mid-November 2025 [1]. - The acquisition will be financed through a combination of conventional debt and equity [1]. - Following the delivery of the tanker, EuroHoldings' fleet will consist of three vessels with a total carrying capacity of 90,879 dwt [4]. Strategic Direction - The acquisition represents EuroHoldings' first entry into the tanker sector, which is believed to have strong fundamentals at this time [2]. - The company's board and major shareholders are committed to expanding EuroHoldings into a significant player in the tanker market [2].

Financial Data and Key Metrics Changes - For Q2 2025, the company reported total net revenues of $2.9 million and net income of $820,000, equating to earnings per share of $0.30 [11][19] - Adjusted EBITDA for the period was $810,000 [11] - The company declared a second quarterly dividend of $0.14 per share, representing a yield of approximately 7.5% at current stock price levels [11] Business Line Data and Key Metrics Changes - The company is transitioning its focus towards the tanker sector, specifically targeting modern medium-range product tankers [8][9] - The existing fleet consists of two containerships with a combined capacity of 3,170 TEU, currently chartered at rates of $16,700 and $19,000 per day [18] Market Data and Key Metrics Changes - As of August 8, 2025, one-year MR time charter rates were approximately $20,600 per day, slightly below the five-year average of $23,500 per day [12] - New building prices for MR tankers are around $49 million, with five-year-old units priced at approximately $42 million [13] - The order book for MR tankers stands at about 15.7% of the fleet, indicating a balanced supply-demand environment [15] Company Strategy and Development Direction - The company aims to build a presence in the tanker sector, leveraging its existing cash reserves of approximately $15 million for initial acquisitions [9][10] - Future fleet growth will be pursued gradually, with potential capital raising strategies that do not dilute existing shareholders [10][32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the tanker market, citing strong demand for oil products and a recovery in seaborne trade [15][16] - The company anticipates that charter rates will remain stable, justifying acquisitions even at current prices [17] Other Important Information - The company underwent a significant ownership change, with Marla Investments becoming the majority shareholder, owning 51% of the outstanding shares [7] - The market value of the fleet is significantly higher than its book value, with a charter-adjusted vessel market value estimated at approximately $14.5 million [23] Q&A Session Summary Question: Can you elaborate on the strategy to enter the tanker market? - The company is targeting product carriers initially and may consider acquiring vessels from the Lattice family in the future [29][30] Question: What is the financing strategy for acquisitions? - The company plans to maintain a balanced approach to financing, potentially using a 50-50 split of debt and equity for acquisitions [34][32] Question: What is the competition like in the modern tanker market? - The company noted that while there is competition, it is not as intense as in the dry bulk or container markets, and they are actively inspecting vessels [40] Question: When do you expect the GM Express to find its next time charter? - The expectation is that the vessel will likely be chartered by the next quarterly meeting [43] Question: What are the anticipated terms for the next time charter? - The company expects the next charter to be higher than the current rate, likely within a 12 to 24-month timeframe [45]

Company Overview - Euroholdings Ltd was spun off from Euroseas Ltd on March 17, 2025[10] - The spin-off included a fleet of two debt-free vessels and approximately $14 million in cash from the sale of M/V Diamantis P[10] - Marla Investments Inc acquired 51.04% of Euroholdings' outstanding common shares from the Pittas family on June 23, 2025[10, 16] - The company declared a second quarterly dividend of $0.14 per share for Q2 2025[15] Strategic Shift - Euroholdings plans to focus on the tanker market, initially pursuing medium range ("MR") product tanker investments[11, 12] - Approximately $15 million is available for equity investment in the tanker sector[12] Financial Performance (Q2 2025) - Net Revenues were $2.92 million[14, 43] - Net Income was $0.82 million[14, 43] - Adjusted EBITDA was $0.81 million[14, 43] Containership Fleet - The current fleet consists of 2 vessels with a total capacity of 3,171 TEU and an average age of 26.9 years[38] - Charter coverage is approximately 82% for the remaining 6 months of 2025 and about 40% for 2026[38]

Core Viewpoint - Euroholdings Ltd reported its financial results for the second quarter and first half of 2025, highlighting a strategic shift towards the tanker sector and announcing a quarterly dividend with an annualized yield of approximately 7.5% [4][5]. Financial Highlights Second Quarter 2025 Financial Highlights - Total net revenues were $2.9 million, a decrease of 27.8% from $4.0 million in the same period of 2024, attributed to a reduced average number of vessels operating [10]. - Net income for the quarter was $0.8 million, down from $2.3 million in the second quarter of 2024, with earnings per share of $0.30 compared to $0.81 in the prior year [13][14]. - Average time charter equivalent rate increased to $16,528 per day, a 7.1% rise from $15,435 in the same period of 2024 [8]. First Half 2025 Financial Highlights - Total net revenues for the first half were $5.8 million, a 26.4% decrease from $7.9 million in the first half of 2024, primarily due to fewer vessels operated [16]. - Net income for the first half was $11.9 million, significantly higher than $3.8 million in the same period of 2024, with earnings per share of $4.28 compared to $1.36 [22][23]. - Adjusted EBITDA for the first half was $1.7 million, down from $3.9 million in the first half of 2024 [22]. Recent Developments - The Board of Directors decided to focus on the tanker sector, specifically targeting modern medium-range product tankers for growth [4][6]. - Marla Investments Inc. acquired 51.04% of Euroholdings shares, strengthening the shareholder base alongside the Pittas family [5]. Operational Metrics - An average of 2.0 vessels were owned and operated during the second quarter of 2025, compared to 3.0 vessels in the same period of 2024 [10]. - Total daily vessel operating expenses averaged $11,296 per vessel per day, up from $6,349 in the same quarter of 2024, mainly due to increased general and administrative expenses [9]. Fleet Profile - Euroholdings operates a fleet of 2 feeder container carriers with a total carrying capacity of 3,171 TEU [58]. - The average time charter equivalent rate for the first half of 2025 was $16,158 per day, compared to $15,084 in the same period of 2024 [16].