Core Insights - Euroholdings Ltd reported solid financial results for Q4 2025, with total net revenues of $4.5 million, a 24.9% increase from $3.6 million in Q4 2024, and net income of $1.3 million compared to a net loss of $0.9 million in the same period last year [10][18][19]. Financial Highlights Fourth Quarter 2025 - Total net revenues reached $4.5 million, up from $3.6 million in Q4 2024 [10]. - Net income was $1.3 million, or $0.45 earnings per share, compared to a net loss of $0.9 million, or a loss of $0.34 per share in Q4 2024 [18][19]. - Adjusted EBITDA for the quarter was $1.6 million, a significant improvement from $(0.9) million in Q4 2024 [10][18]. - Average time charter equivalent rate increased by 17.5% to $18,778 per day from $15,982 per day in Q4 2024 [8][10]. Twelve Months 2025 - Total net revenues for the year were $13.2 million, a 15.4% decrease from $15.6 million in 2024, attributed to a lower average number of vessels operated [21]. - Net income for the year was $14.7 million, compared to $3.8 million in 2024 [30]. - Adjusted EBITDA for 2025 was $4.7 million, up from $3.9 million in 2024 [30]. Recent Developments - The acquisition of the M/T Hellas Avatar, a medium-range product tanker, was completed for $31.83 million, financed partly by a $20 million loan from Piraeus Bank S.A. [5][6]. - The company declared a quarterly dividend of $0.14 per share for Q4 2025, maintaining an annualized yield of approximately 8% [7]. Fleet Profile - Euroholdings operates a fleet consisting of 2 feeder container carriers and 1 medium-range product tanker, with a total carrying capacity of 90,879 dwt [33][73]. - The average number of vessels owned and operated decreased from 3.0 in 2024 to 2.5 in Q4 2025 [35]. Operational Metrics - Total daily vessel operating expenses averaged $8,372 per vessel per day in Q4 2025, up from $8,088 in Q4 2024 [9][10]. - Fleet utilization was reported at 98.3% for Q4 2025, slightly down from 99.9% in Q4 2024 [35].