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]
Euroholdings Ltd(EHLD) - 2025 Q2 - Earnings Call Presentation