Euroholdings Ltd Reports Results for the Quarter Ended March 31, 2025 and Declares First Quarterly Common Stock Dividend Following Spin - Off
Euroholdings Ltd (NASDAQ: EHLD), a container vessel operator recently spun off from Euroseas Ltd, reported Q1 2025 results and announced its first quarterly dividend. The company reported total net revenues of $2.9 million and net income of $11.1 million ($3.99 per share). Adjusted net income was $0.9 million ($0.31 per share).
Key developments include the sale of vessel M/V Diamantis P for $13.15 million, resulting in a $10.23 million gain, and a major ownership change with Marla Investments Inc. acquiring 51.04% stake from the Pittas family. The company declared a quarterly dividend of $0.14 per share, payable July 16, 2025.
The fleet earned an average time charter rate of $15,798 per day, up 7.3% year-over-year, while operating an average of 2.1 vessels during Q1 2025.
Euroholdings Ltd (NASDAQ: EHLD), operatore di navi portacontainer recentemente scorporato da Euroseas Ltd, ha comunicato i risultati del primo trimestre 2025 e ha annunciato il suo primo dividendo trimestrale. La società ha riportato ricavi netti totali di 2,9 milioni di dollari e un utile netto di 11,1 milioni di dollari (3,99 dollari per azione). L'utile netto rettificato è stato di 0,9 milioni di dollari (0,31 dollari per azione).
Tra gli sviluppi principali, la vendita della nave M/V Diamantis P per 13,15 milioni di dollari, che ha generato un guadagno di 10,23 milioni di dollari, e un importante cambiamento nella proprietà con Marla Investments Inc. che ha acquisito il 51,04% delle azioni dalla famiglia Pittas. La società ha dichiarato un dividendo trimestrale di 0,14 dollari per azione, pagabile il 16 luglio 2025.
La flotta ha ottenuto una tariffa media di noleggio a tempo di 15.798 dollari al giorno, in aumento del 7,3% su base annua, operando in media 2,1 navi durante il primo trimestre 2025.
Euroholdings Ltd (NASDAQ: EHLD), un operador de buques portacontenedores recientemente escindido de Euroseas Ltd, reportó los resultados del primer trimestre de 2025 y anunció su primer dividendo trimestral. La empresa informó de ingresos netos totales de 2,9 millones de dólares y un ingreso neto de 11,1 millones de dólares (3,99 dólares por acción). El ingreso neto ajustado fue de 0,9 millones de dólares (0,31 dólares por acción).
Entre los desarrollos clave se incluye la venta del buque M/V Diamantis P por 13,15 millones de dólares, que resultó en una ganancia de 10,23 millones, y un cambio importante en la propiedad con Marla Investments Inc. adquiriendo el 51,04% de participación de la familia Pittas. La compañía declaró un dividendo trimestral de 0,14 dólares por acción, pagadero el 16 de julio de 2025.
La flota obtuvo una tarifa promedio de fletamento por tiempo de 15.798 dólares por día, un aumento del 7,3% interanual, operando un promedio de 2,1 buques durante el primer trimestre de 2025.
Euroholdings Ltd (NASDAQ: EHLD)는 최근 Euroseas Ltd에서 분사한 컨테이너 선박 운영사로, 2025년 1분기 실적을 발표하고 첫 분기 배당금을 공시했습니다. 회사는 총 순수익 290만 달러와 순이익 1,110만 달러(주당 3.99달러)를 보고했습니다. 조정 순이익은 90만 달러(주당 0.31달러)였습니다.
주요 내용으로는 M/V Diamantis P 선박을 1,315만 달러에 매각하여 1,023만 달러의 이익을 기록했고, Pittas 가문으로부터 Marla Investments Inc.가 51.04% 지분을 인수하는 대규모 소유권 변경이 있었습니다. 회사는 주당 0.14달러의 분기 배당금을 선언했으며, 지급일은 2025년 7월 16일입니다.
함대는 2025년 1분기 동안 평균 2.1척의 선박을 운영하며, 하루 평균 용선료는 15,798달러로 전년 대비 7.3% 증가했습니다.
Euroholdings Ltd (NASDAQ : EHLD), un opérateur de navires porte-conteneurs récemment scindé d'Euroseas Ltd, a publié ses résultats du premier trimestre 2025 et annoncé son premier dividende trimestriel. La société a déclaré un chiffre d'affaires net total de 2,9 millions de dollars et un bénéfice net de 11,1 millions de dollars (3,99 dollars par action). Le bénéfice net ajusté s'est élevé à 0,9 million de dollars (0,31 dollar par action).
Parmi les faits marquants, la vente du navire M/V Diamantis P pour 13,15 millions de dollars, générant un gain de 10,23 millions, ainsi qu'un changement majeur de propriété avec Marla Investments Inc. acquérant 51,04 % des parts auprès de la famille Pittas. La société a déclaré un dividende trimestriel de 0,14 dollar par action, payable le 16 juillet 2025.
La flotte a obtenu un taux moyen de affrètement à temps de 15 798 dollars par jour, en hausse de 7,3 % sur un an, en exploitant en moyenne 2,1 navires au cours du premier trimestre 2025.
Euroholdings Ltd (NASDAQ: EHLD), ein kürzlich von Euroseas Ltd ausgegliederter Betreiber von Containerschiffen, veröffentlichte die Ergebnisse für das erste Quartal 2025 und kündigte seine erste Quartalsdividende an. Das Unternehmen meldete Gesamtnettoumsätze von 2,9 Millionen US-Dollar und einen Nettoertrag von 11,1 Millionen US-Dollar (3,99 US-Dollar pro Aktie). Der bereinigte Nettogewinn betrug 0,9 Millionen US-Dollar (0,31 US-Dollar pro Aktie).
Zu den wichtigsten Entwicklungen zählen der Verkauf des Schiffes M/V Diamantis P für 13,15 Millionen US-Dollar, was zu einem Gewinn von 10,23 Millionen US-Dollar führte, sowie eine wesentliche Eigentumsänderung, bei der Marla Investments Inc. 51,04 % der Anteile von der Familie Pittas erwarb. Das Unternehmen erklärte eine Quartalsdividende von 0,14 US-Dollar pro Aktie, zahlbar am 16. Juli 2025.
Die Flotte erzielte einen durchschnittlichen Zeitcharter-Tagessatz von 15.798 US-Dollar, was einem Anstieg von 7,3 % gegenüber dem Vorjahr entspricht, und betrieb im ersten Quartal 2025 durchschnittlich 2,1 Schiffe.
- Net income increased significantly to $11.1 million, primarily due to $10.23 million vessel sale gain
- Average charter rate increased 7.3% to $15,798 per day compared to $14,725 in Q1 2024
- Initiated first quarterly dividend of $0.14 per share
- Strategic ownership change with Latsis family acquiring 51.04% stake, potentially supporting growth
- Total net revenues decreased 24.9% to $2.9 million due to reduced fleet size
- Daily vessel operating expenses increased to $8,511 from $7,492 year-over-year
- Fleet size reduced to 2.1 vessels from 3.0 vessels in Q1 2024
- Adjusted EBITDA declined to $0.9 million from $1.7 million in Q1 2024
ATHENS, Greece, June 25, 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 quarter ended March 31, 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 effective January 1, 2025; Euroseas spun-off Euroholdings on March 17, 2025, which has since operated as an independent company. The results below refer to Euroholdings and its subsidiaries for the periods presented. Historical comparative periods reflect the results of the carve-out operations of the three vessels that were contributed to the Company.
First Quarter 2025 Financial Highlights:
- Total net revenues of
$2.9 million . Net income of$11.1 million ; or$3.99 earnings per share basic and diluted. Adjusted net income for the period was$0.9 million or$0.31 per share basic and diluted. - Adjusted EBITDA1 was
$0.9 million . - An average of 2.1 vessels were owned and operated during the first quarter of 2025 earning an average time charter equivalent rate of
$15,798 per day. - Declared a quarterly dividend of
$0.14 per share for the first quarter of 2025, payable on or about July 16, 2025, to shareholders of record on July 9, 2025. This is the first dividend payment since we became an independent public company on March 17, 2025. The declaration and payment of any future dividends will be subject to the discretion of the Board of Directors of the Company, and will depend on, among other things, the Company’s earnings, fleet employment profile, financial condition and cash requirements, as well as the availability of liquidity, the Company’s growth strategy and global economic conditions.
Recent Developments:
As previously announced, on June 23, 2025, certain shareholders, all associated with the Pittas family, have sold
Aristides Pittas, Chaiman, President and CEO of Euroholdings, commented: “We are pleased to report the commencement of our path as an independent ship owning company focusing on exploiting the value and contributions of our initial fleet and, in parallel, working on maximizing the value of the Company for our shareholders. In that respect and due to the significant interest of other groups seeking various forms of cooperation with us, our board of directors initiated a strategic review of our potential options. We are excited to welcome as a major shareholder of the company, Marla Investments Inc., an affiliate of the Latsis family of Greece. We look forward to working with them and the Pittas family which continues as a shareholder to chart the strategy and growth of Euroholdings.”
Athina Atalioti, Chief Financial Officer of Euroholdings, commented: “Within the first quarter of 2025, we sold our vessel, M/V Diamantis P, immediately after it completed certain repairs recording a
“Total daily vessel operating expenses, including management fees, general and administrative expenses but excluding drydocking costs, averaged
“Adjusted EBITDA during the first quarter of 2025 was
First Quarter 2025 Results:
For the first quarter of 2025, the Company reported total net revenues of
For the first quarter of 2025, voyage expenses amounted to
Related party management fees for the period were
On January 10, 2025, the Company signed an agreement to sell M/V Diamantis P, a 2,008 teu container carrier, built in 1998, for further trading, for approximately
Interest expense during the first quarter of 2025 was nil. Interest and other financing costs for the first quarter of 2024 amounted to
The Company reported net income for the first quarter of 2025 of
Adjusted EBITDA for the first quarter of 2025 was
Basic and diluted earnings per share for the first quarter of 2025 was
Excluding the effect on the earnings for the quarter of the net gain on sale of vessel, the adjusted net earnings for the quarter ended March 31, 2025, would have been
Fleet Profile:
The Euroholdings Ltd. fleet profile is as follows:
| Name | Type | Dwt | TEU | Year Built | Employment(*) | TCE Rate ($/day) | |
| JOANNA(**) | Feeder | 22,301 | 1,732 | 1999 | TC until Mar-26 then until Sep-26, then until Nov-26 | ||
| AEGEAN EXPRESS(*) | Feeder | 18,581 | 1,439 | 1997 | TC until Nov-25 | ||
| Total Container Carriers | 2 | 40,882 | 3,171 | ||||
Note:
(*) TC denotes time charter. All dates listed are the earliest redelivery dates under each TC
(**) Period to November 2026 is at the option of the charterer
Summary Fleet Data:
| 3 months, ended March 31, 2024 | 3 months, ended March 31, 2025 | |||
| FLEET DATA | ||||
| Average number of vessels (1) | 3.0 | 2.1 | ||
| Calendar days for fleet (2) | 273.0 | 194.4 | ||
| Scheduled off-hire days incl. laid-up (3) | 0.0 | 7.3 | ||
| Available days for fleet (4) = (2) - (3) | 273.0 | 187.1 | ||
| Commercial off-hire days (5) | 3.7 | 0.0 | ||
| Operational off-hire days (6) | 1.2 | 0.0 | ||
| Voyage days for fleet (7) = (4) - (5) - (6) | 268.1 | 187.1 | ||
| Fleet utilization (8) = (7) / (4) | 98.2 | % | 100.0 | % |
| Fleet utilization, commercial (9) = ((4) - (5)) / (4) | 98.7 | % | 100.0 | % |
| Fleet utilization, operational (10) = ((4) - (6)) / (4) | 99.6 | % | 100.0 | % |
| AVERAGE DAILY RESULTS | ||||
| Time charter equivalent rate (11) | 14,725 | 15,798 | ||
| Vessel operating expenses excl. drydocking expenses (12) | 6,840 | 7,135 | ||
| General and administrative expenses (13) | 652 | 1,376 | ||
| Total vessel operating expenses (14) | 7,492 | 8,511 | ||
| Drydocking expenses (15) | - | 1,687 | ||
(1) Average number of vessels is the number of vessels that constituted the Company’s fleet for the relevant period, as measured by the sum of the number of calendar days each vessel was a part of the Company’s fleet during the period divided by the number of calendar days in that period.
(2) Calendar days. We define calendar days as the total number of days in a period during which each vessel in our fleet was owned by us including off-hire days associated with major repairs, drydockings or special or intermediate surveys or days of vessels in lay-up. Calendar days are an indicator of the size of our fleet over a period and affect both the amount of revenues and the amount of expenses that we record during that period.
(3) The scheduled off-hire days including vessels laid-up, vessels committed for sale or vessels that suffered unrepaired damages, are days associated with scheduled repairs, drydockings or special or intermediate surveys or days of vessels in lay-up, or vessels that were committed for sale or suffered unrepaired damages.
(4) Available days. We define available days as the total number of Calendar days in a period net of scheduled off-hire days incl. laid up. We use available days to measure the number of days in a period during which vessels were available to generate revenues.
(5) Commercial off-hire days. We define commercial off-hire days as days a vessel is idle without employment.
(6) Operational off-hire days. We define operational off-hire days as days associated with unscheduled repairs or other off-hire time related to the operation of the vessels.
(7) Voyage days. We define voyage days as the total number of days in a period during which each vessel in our fleet was in our possession net of commercial and operational off-hire days. We use voyage days to measure the number of days in a period during which vessels actually generate revenues or are sailing for repositioning purposes.
(8) Fleet utilization. We calculate fleet utilization by dividing the number of our voyage days during a period by the number of our available days during that period. We use fleet utilization to measure a company's efficiency in finding suitable employment for its vessels and minimizing the amount of days that its vessels are off-hire for reasons such as unscheduled repairs or days waiting to find employment.
(9) Fleet utilization, commercial. We calculate commercial fleet utilization by dividing our available days net of commercial off-hire days during a period by our available days during that period.
(10) Fleet utilization, operational. We calculate operational fleet utilization by dividing our available days net of operational off-hire days during a period by our available days during that period.
(11) Time charter equivalent rate, or TCE, is a measure of the average daily net revenue performance of our vessels. Our method of calculating TCE is determined by dividing time charter revenue and voyage charter revenue, if any, net of voyage expenses by voyage days for the relevant time period. Voyage expenses primarily consist of port, canal and fuel costs that are unique to a particular voyage, which would otherwise be paid by the charterer under a time charter contract or are related to repositioning the vessel for the next charter. TCE provides additional meaningful information in conjunction with time charter revenue and voyage charter revenue, if any, the most directly comparable GAAP measure, because it assists our management in making decisions regarding the deployment and use of our vessels and because we believe that it provides useful information to investors regarding our financial performance. TCE is a standard shipping industry performance measure used primarily to compare period-to-period changes in a shipping company's performance despite changes in the mix of charter types (i.e., spot voyage charters, time charters, pool agreements and bareboat charters) under which the vessels may be employed between the periods. Our definition of TCE may not be comparable to that used by other companies in the shipping industry.
(12) We calculate daily vessel operating expenses, which include crew costs, provisions, deck and engine stores, lubricating oil, insurance, maintenance and repairs and related party management fees by dividing vessel operating expenses and related party management fees by fleet calendar days for the relevant time period. Drydocking expenses are reported separately.
(13) Daily general and administrative expense is calculated by us by dividing general and administrative expenses by fleet calendar days for the relevant time period.
(14) Total vessel operating expenses, or TVOE, is a measure of our total expenses associated with operating our vessels. We compute TVOE as the sum of vessel operating expenses, related party management fees and general and administrative expenses; drydocking expenses are not included. Daily TVOE is calculated by dividing TVOE by fleet calendar days for the relevant time period.
(15) Daily drydocking expenses is calculated by us by dividing drydocking expenses by the fleet calendar days for the relevant period. Drydocking expenses include expenses during drydockings that would have been capitalized and amortized under the deferral method. Drydocking expenses could vary substantially from period to period depending on how many vessels underwent drydocking during the period. The Company expenses drydocking expenses as incurred.
| Euroholdings Ltd. Unaudited Consolidated Condensed Statements of Operations (All amounts expressed in U.S. Dollars – except number of shares) | |||||
| Three Months Ended March 31, | Three Months Ended March 31, | ||||
| 2024 | 2025 | ||||
| (unaudited) | |||||
| Revenues | |||||
| Time charter revenue | 4,054,948 | 2,989,852 | |||
| Commissions | (229,312 | ) | (117,343 | ) | |
Net revenues | 3,825,636 | 2,872,509 | |||
| Operating expenses / (income) | |||||
| Voyage expenses | 107,194 | 34,129 | |||
| Vessel operating expenses | 1,626,320 | 1,144,031 | |||
| Drydocking expenses | - | 327,950 | |||
| Depreciation | 93,556 | 10,000 | |||
| Related party management fees | 241,134 | 243,009 | |||
| General and administrative expenses | 178,041 | 267,464 | |||
| Net gain on sale of vessel | - | (10,230,210 | ) | ||
| Total Operating expenses / (income), net | 2,246,245 | (8,203,627 | ) | ||
| Operating income | 1,579,391 | 11,076,136 | |||
| Other income / (expenses) | |||||
| Interest and other financing costs | (65,989 | ) | - | ||
| Foreign exchange gain | 139 | 3,149 | |||
| Interest income | - | 2,517 | |||
| Other (expenses) / income, net | (65,850 | ) | 5,666 | ||
| Net income | 1,513,541 | 11,081,802 | |||
| Earnings per share, basic and diluted | 0.54 | 3.99 | |||
| Weighted average number of shares, basic and diluted | 2,780,855 | 2,780,855 | |||
| Euroholdings Ltd. Unaudited Consolidated Condensed Balance Sheets (All amounts expressed in U.S. Dollars – except number of shares) | ||||
| December 31, 2024 | March 31, 2025 | |||
| ASSETS | (unaudited) | |||
| Current Assets: | ||||
| Cash and cash equivalents | 129,541 | 13,131,859 | ||
| Trade accounts receivable | 443,229 | 247,853 | ||
| Other receivables, net | 65,259 | 44,092 | ||
| Inventories | 647,879 | 194,113 | ||
| Prepaid expenses | 107,799 | 209,760 | ||
| Due from related company | 980,952 | 1,347,284 | ||
| Total current assets | 2,374,659 | 15,174,961 | ||
| Fixed assets: | ||||
| Vessels, net | 6,238,768 | 3,613,727 | ||
| Total assets | 8,613,427 | 18,788,688 | ||
| LIABILITIES AND SHAREHOLDERS' EQUITY | ||||
| Current liabilities: | ||||
| Trade accounts payable | 1,510,281 | 720,470 | ||
| Accrued expenses | 710,587 | 360,004 | ||
| Deferred revenue | 153,791 | 387,644 | ||
| Total current liabilities | 2,374,659 | 1,468,118 | ||
| Total liabilities | 2,374,659 | 1,468,118 | ||
| Shareholders' equity: | ||||
| Share capital ( | - | 28,166 | ||
| Paid-in capital | - | 6,210,602 | ||
| Net former parent company investment | 6,238,768 | - | ||
| Retained earnings | - | 11,081,802 | ||
| Total shareholders’ equity | 6,238,768 | 17,320,570 | ||
| Total liabilities and shareholders’ equity | 8,613,427 | 18,788,688 | ||
Euroholdings Ltd.
Unaudited Consolidated Condensed Statements of Cash Flows
(All amounts expressed in U.S. Dollars)
| Three Months Ended March 31, | Three Months Ended March 31, | |||
| 2024 | 2025 | |||
| Cash flows from operating activities: | ||||
| Net income | 1,513,541 | 11,081,802 | ||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||
| Vessel depreciation | 93,556 | 10,000 | ||
| Gain on sale of vessel | - | (10,230,210 | ) | |
| Amortization of deferred charges | 33,740 | - | ||
| Changes in operating assets and liabilities | 306,163 | (656,443 | ) | |
| Net cash provided by operating activities | 1,947,000 | 205,149 | ||
| Cash flows from investing activities: | ||||
| Cash paid for vessel improvements | (95,599 | ) | (78,318 | ) |
| Net proceeds from sale of vessel | - | 12,875,487 | ||
| Net cash (used in) / provided by investing activities | (95,599 | ) | 12,797,169 | |
| Cash flows from financing activities: | ||||
| Repayment of long-term bank loan | (1,925,000 | ) | - | |
| Net transfers to Parent | (290,247 | ) | ||
| Net cash used in financing activities | (2,215,247 | ) | - | |
| Net (decrease) / increase in cash and cash equivalents | (363,846 | ) | 13,002,318 | |
| Cash and cash equivalents at beginning of period | 493,387 | 129,541 | ||
| Cash and cash equivalents at end of period | 129,541 | 13,131,859 | ||
| Euroholdings Ltd. Reconciliation of Adjusted EBITDA to Net income (All amounts expressed in U.S. Dollars) | |||
| Three Months Ended March 31, 2024 | Three Months Ended March 31, 2025 | ||
| Net income | 1,513,541 | 11,081,802 | |
| Interest and other financing costs, net (incl. interest income) | 65,989 | (2,517 | ) |
| Depreciation | 93,556 | 10,000 | |
| Net gain on sale of vessel | - | (10,230,210 | ) |
| Adjusted EBITDA | 1,673,086 | 859,075 | |
Adjusted EBITDA Reconciliation:
Euroholdings Ltd. considers Adjusted EBITDA to represent net income before interest and other financing costs, income taxes, depreciation and gain on sale of vessel. Adjusted EBITDA does not represent and should not be considered as an alternative to net income, as determined by United States generally accepted accounting principles, or GAAP. Adjusted EBITDA is included herein because it is a basis upon which the Company assesses its financial performance and because the Company believes that this non-GAAP financial measure assists our management and investors by increasing the comparability of our performance from period to period by excluding the potentially disparate effects between periods of financial costs, gain on sale of vessel and depreciation. The Company's definition of Adjusted EBITDA may not be the same as that used by other companies in shipping or other industries.
| Euroholdings Ltd. Reconciliation of Adjusted net income to Net income (All amounts expressed in U.S. Dollars – except share data and number of shares) | |||
| Three Months Ended March 31, 2024 | Three Months Ended March 31, 2025 | ||
| Net income | 1,513,541 | 11,081,802 | |
| Net gain on sale of vessel | - | (10,230,210 | ) |
| Adjusted net income | 1,513,541 | 851,592 | |
| Adjusted net earnings per share, basic and diluted | 0.54 | 0.31 | |
| Weighted average number of shares, basic and diluted | 2,780,855 | 2,780,855 | |
Adjusted net income and Adjusted net earnings per share Reconciliation:
Euroholdings Ltd. considers Adjusted net income to represent net income before gain on sale of vessel. Adjusted net income and Adjusted net earnings per share are included herein because we believe they assist our management and investors by increasing the comparability of the Company's fundamental performance from period to period by increasing the comparability of the Company's fundamental performance from period to period by excluding the potentially disparate effects between periods of gain on sale of vessel, which items may significantly affect results of operations between periods.
Adjusted net income and Adjusted net earnings per share do not represent and should not be considered as an alternative to net income or earnings per share, as determined by GAAP, The Company's definition of Adjusted net income and Adjusted earnings per share may not be the same as that used by other companies in the shipping or other industries. Adjusted net income and Adjusted earnings per share are not adjusted for all non-cash income and expense items that are reflected in our statement of cash flows.
About Euroholdings Ltd.
Euroholdings Ltd. was formed on March 20, 2024, under the laws of the Republic of the Marshall Islands. 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 effective January 1,2025. On March 17, 2025, Euroseas distributed all the shares of Euroholdings to its shareholders thereby spinning off Euroholdings. Euroholdings began trading on NASDAQ Capital Market under the ticker EHLD on March 17, 2025.
Euroholdings operates in the container shipping market. Euroholdings' operations are managed by Eurobulk Ltd., an ISO 9001:2008 and ISO 14001:2004 certified affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. Euroholdings employs its vessels on period charters.
The Company has a fleet of 2 Feeder container carriers with a total carrying capacity of 3,171 TEU.
Forward Looking Statement
This press release contains forward-looking statements, including as defined under U.S. federal securities laws, concerning future events. Forward-looking statements provide the Company’s current expectations or forecasts of future events. Forward-looking statements include statements about the Company’s expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts or that are not present facts or conditions. Words such as “anticipates,” “may,” “potential,” “predicts,” “projects,” “should,” "expects," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations of such words and similar expressions, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this communication. Factors that could cause actual results to differ materially include, but are not limited to, changes in the demand for containerships, competitive factors in the market in which the Company operates; risks associated with operations outside the United States; and other factors listed from time to time in the Company's filings with the Securities and Exchange Commission (the “SEC”). Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. You should, however, review the factors and risks the Company describes in the reports it files and furnishes from time to time with the SEC, which can be obtained free of charge on the SEC’s website at www.sec.gov.
Visit our website www.Euroholdings.gr
| Company Contact | Investor Relations / Financial Media |
| Tasos Aslidis Chief Strategy Officer & Treasurer Euroholdings Ltd. 11 Canterbury Lane, Watchung, NJ07069 Tel. (908) 301-9091 E-mail: aha@Euroholdings.gr | Nicolas Bornozis President Capital Link, Inc. 230 Park Avenue, Suite 1540 New York, NY10169 Tel. (212) 661-7566 E-mail: euroholdings@capitallink.com |
1Adjusted EBITDA, Adjusted net income and Adjusted income per share are not recognized measurements under US GAAP (GAAP) and should not be used in isolation or as a substitute for Euroholdings financial results presented in accordance with GAAP. Refer to a subsequent section of the Press Release for the definitions and reconciliation of these measurements to the most directly comparable financial measures calculated and presented in accordance with GAAP.
FAQ
What were Euroholdings (EHLD) Q1 2025 earnings results?
What dividend did EHLD announce for Q1 2025?
What major ownership changes occurred at Euroholdings in June 2025?
How many vessels does Euroholdings currently operate?
When was Euroholdings spun off from Euroseas?
