Financial Performance - Euroseas' Q3 2025 net revenues increased by 51% to $5691 million compared to $5415 million in Q3 2024[68] - Net income for Q3 2025 rose by 75% to $2970 million, with diluted earnings per share at $425[68] - Adjusted EBITDA for Q3 2025 increased by 76% to $3881 million[68] - For the first nine months of 2025, net revenues increased by 68% to $17049 million, and net income increased by 92% to $9647 million[68] Fleet and Operations - The current fleet consists of 21 vessels with an average age of 121 years and a carrying capacity of 611k TEU[15] - Euroseas sold MV Marcos V for $500 million in October 2025[13] - The company has declared a quarterly dividend of $070 per share[10] - As of November 18, 2025, Euroseas repurchased 466374 shares for $105 million under the share repurchase plan[11] - For Q4 2025, 1000% of available voyage days have been secured at an average rate of ~$30345/day[18] - For 2026, approximately 747% of available voyage days are covered at an average rate of ~$31300/day[18] Market Overview - One-year time charter rates remained firm in Q3 2025, with average rates for feeder vessels rising by 3%[24] - The fleet has grown by 61% year-to-date[25] - The orderbook as a percentage of the fleet is 150%[41]