Elvictor Group Reports Second Quarter 2025 Financial Results and Provides an Operational Update

Rhea-AI Summary

Elvictor Group (OTCID:ELVG), a maritime recruitment and crew management company, reported Q2 2025 financial results. Revenue increased 7.2% to $615,704 from $574,134 in Q2 2024, while operations showed a loss of ($58,896) compared to a profit of $28,932 in Q2 2024.

The company currently manages over 2,300 seafarers from 10 nationalities across seven vessel classes, serving 45 clients. Management expects to onboard 40 additional vessels by end-2025, potentially adding 800 more seafarers. First half 2025 revenue grew 6.2% to $1,218,082, driven by higher agency fees.

Positive

• None.

Negative

• Q2 2025 operational loss of $58,896 vs profit of $28,932 in Q2 2024
• Additional salary expenses due to mandatory Greek bonuses affecting profitability

ATTIKI, GREECE / ACCESS Newswire / August 11, 2025 / Elvictor Group Inc. (OTCID:ELVG) ("Elvictor" or the "Company"), a leader in maritime recruitment and crew management, today reported its second quarter 2025 financial and operating results.

Total revenue for Q2 2025 reached $615,704 up 7.2%, from $574,134 in Q2 2024 with Profit/(loss) from operations of ($58,896) compared to $28,932 in Q2 2024. The second-quarter loss includes an additional half-month salary paid to company personnel in accordance with Greek labor legislation, reflecting the mandatory Easter bonus. Similar non-recurring payments will be made in the third quarter for summer holidays and in the fourth quarter, when a full-month salary is paid as a Christmas bonus. For the six-month periods ended June 30, 2025, and June 30, 2024, total revenue was $1,218,082 and $1,146,843, respectively an increase of $71,239, or 6.2%, primarily driven by higher agency fees.

Elvictor currently serves 45 clients and operates with a crew of over 2,300 seafarers from 10 nationalities across seven distinct vessel classes. The Company continues to execute its vertical and horizontal growth strategy within the shipping sector and is actively engaged in international expansion and diversification discussions. Looking ahead, management reaffirms its outlook to onboard up to 40 additional vessels by year-end 2025, an expansion that would support the deployment of approximately 800 more seafarers and drive a material increase in EBITDA.

Konstantinos S. Galanakis, CEO of Elvictor Group Inc. commented: "At the half-year mark, our team continues to execute effectively, delivering results with notable growth in total revenue driven by implementation of higher agency fees. Our goal is to return to positive profitability in the coming quarters by implementing targeted cost-saving initiatives and pursuing strategic revenue growth opportunities."

About Elvictor Group, Inc.

Elvictor Group, Inc. (OTCID: ELVG) is transforming the fragmented maritime industry through its fully digitalized crew and ship management platform designed to enhance operational efficiency and reduce costs. With a strategic focus on AI-driven workforce solutions, M&A-driven expansion, and cost-efficient vessel ownership, Elvictor is ushering in a new era of transparency in the shipping industry. For more information, visit: https://www.elvictorgroup.com, and follow us on LinkedIn.

Investor and Media Contact:

Investor Relations
Jonathan.Paterson@harbor-access.com
Tel +1 475 477 9401

Cautionary Note Regarding Forward-Looking Statements

Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets, and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. The Company does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated status of such statements. Therefore, in no case whatsoever will the Company and its affiliates be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or for any related damages.

SOURCE: Elvictor Group Inc.

View the original press release on ACCESS Newswire

FAQ

What were Elvictor Group's (ELVG) Q2 2025 financial results?

Elvictor Group reported Q2 2025 revenue of $615,704, up 7.2% year-over-year, but posted an operational loss of ($58,896) compared to a profit of $28,932 in Q2 2024.

How many vessels and seafarers does Elvictor Group (ELVG) manage in 2025?

Elvictor Group currently manages over 2,300 seafarers from 10 nationalities across seven vessel classes, serving 45 clients.

What is Elvictor Group's (ELVG) growth outlook for 2025?

The company plans to onboard 40 additional vessels by year-end 2025, which would support the deployment of approximately 800 more seafarers and drive a material increase in EBITDA.

What affected Elvictor Group's (ELVG) Q2 2025 profitability?

The Q2 2025 loss was affected by mandatory Greek labor bonuses, including an Easter bonus, with similar payments expected in Q3 for summer holidays and Q4 for Christmas.

How much did Elvictor Group's (ELVG) revenue grow in H1 2025?

Elvictor Group's revenue for the first half of 2025 grew 6.2% to $1,218,082, primarily driven by higher agency fees.