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Elvictor Group Reports Strong Growth in Seafarer Deployment and Client Base, Projects Significant Expansion in 2025

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Elvictor Group (ELVG) reported robust Q1 2025 performance with net profit of $60,230 and revenue of $602,368, up from $572,709 in Q1 2024. The maritime recruitment company achieved significant operational milestones, deploying 3,187 seafarers in Q1 2025, marking a 41.23% increase from previous quarters. The client base expanded to 49 clients, representing a 32.43% year-over-year growth.

Throughout 2024, onboard seafarer numbers increased by 13.9% from 2,257 to 2,570, while the client base grew 16.22% from 37 to 43 clients. Looking ahead, Elvictor is in discussions to expand its fleet by over 100 vessels, with plans to onboard 40 vessels by end-2025, potentially adding 800 seafarers to its deployment roster.

Elvictor Group (ELVG) ha registrato una solida performance nel primo trimestre 2025, con un utile netto di 60.230$ e ricavi per 602.368$, in crescita rispetto ai 572.709$ del primo trimestre 2024. La società specializzata nel reclutamento marittimo ha raggiunto importanti traguardi operativi, impiegando 3.187 marittimi nel primo trimestre 2025, segnando un aumento del 41,23% rispetto ai trimestri precedenti. La base clienti si è ampliata a 49 clienti, con una crescita annua del 32,43%.

Nel corso del 2024, il numero di marittimi imbarcati è aumentato del 13,9%, passando da 2.257 a 2.570, mentre la base clienti è cresciuta del 16,22%, da 37 a 43 clienti. Guardando al futuro, Elvictor è in trattative per espandere la sua flotta di oltre 100 navi, con l'obiettivo di imbarcare 40 unità entro la fine del 2025, potenzialmente aggiungendo 800 marittimi al suo organico.

Elvictor Group (ELVG) reportó un sólido desempeño en el primer trimestre de 2025, con una ganancia neta de 60.230$ y unos ingresos de 602.368$, superiores a los 572.709$ del primer trimestre de 2024. La empresa de reclutamiento marítimo alcanzó hitos operativos significativos, desplegando 3.187 marineros en el primer trimestre de 2025, lo que representa un aumento del 41,23% respecto a trimestres anteriores. La base de clientes se amplió a 49 clientes, con un crecimiento interanual del 32,43%.

Durante 2024, el número de marineros a bordo aumentó un 13,9%, de 2.257 a 2.570, mientras que la base de clientes creció un 16,22%, de 37 a 43 clientes. De cara al futuro, Elvictor está en conversaciones para expandir su flota en más de 100 embarcaciones, con planes de incorporar 40 barcos para finales de 2025, lo que podría añadir 800 marineros a su plantilla.

Elvictor Group (ELVG)는 2025년 1분기에 순이익 60,230달러와 매출 602,368달러를 기록하며 강력한 실적을 보였습니다. 이는 2024년 1분기의 572,709달러에서 증가한 수치입니다. 해양 인력 채용 회사인 이 회사는 2025년 1분기에 3,187명의 선원을 배치하며 전 분기 대비 41.23% 증가하는 중요한 운영 성과를 달성했습니다. 고객 수는 49명으로 확대되어 전년 대비 32.43% 성장했습니다.

2024년 동안 선상 선원 수는 2,257명에서 2,570명으로 13.9% 증가했고, 고객 수도 37명에서 43명으로 16.22% 증가했습니다. 앞으로 Elvictor는 100척 이상의 선박을 확장하기 위한 논의를 진행 중이며, 2025년 말까지 40척의 선박을 추가 배치하여 최대 800명의 선원을 더 투입할 계획입니다.

Elvictor Group (ELVG) a annoncé une solide performance au premier trimestre 2025, avec un bénéfice net de 60 230 $ et un chiffre d'affaires de 602 368 $, en hausse par rapport à 572 709 $ au premier trimestre 2024. L'entreprise spécialisée dans le recrutement maritime a atteint des jalons opérationnels importants, déployant 3 187 marins au premier trimestre 2025, soit une augmentation de 41,23 % par rapport aux trimestres précédents. La base clients s'est étendue à 49 clients, représentant une croissance annuelle de 32,43 %.

Au cours de l'année 2024, le nombre de marins embarqués a augmenté de 13,9 %, passant de 2 257 à 2 570, tandis que la base clients a progressé de 16,22 %, de 37 à 43 clients. Pour l'avenir, Elvictor est en discussions pour étendre sa flotte de plus de 100 navires, avec des plans pour embarquer 40 navires d'ici fin 2025, ce qui pourrait ajouter 800 marins à son effectif.

Elvictor Group (ELVG) verzeichnete im ersten Quartal 2025 eine starke Leistung mit einem Nettogewinn von 60.230$ und einem Umsatz von 602.368$, gegenüber 572.709$ im ersten Quartal 2024. Das maritime Personalvermittlungsunternehmen erreichte bedeutende operative Meilensteine und setzte im ersten Quartal 2025 3.187 Seeleute ein, was einer Steigerung von 41,23 % gegenüber den vorherigen Quartalen entspricht. Die Kundenbasis wuchs auf 49 Kunden und verzeichnete ein jährliches Wachstum von 32,43 %.

Im Verlauf des Jahres 2024 stieg die Anzahl der an Bord befindlichen Seeleute um 13,9 % von 2.257 auf 2.570, während die Kundenbasis um 16,22 % von 37 auf 43 Kunden wuchs. Für die Zukunft befindet sich Elvictor in Gesprächen, um seine Flotte um mehr als 100 Schiffe zu erweitern, mit Plänen, bis Ende 2025 40 Schiffe in Betrieb zu nehmen, was möglicherweise 800 Seeleute zusätzlich in den Einsatz bringen wird.

Positive
  • Net profit of $60,230 in Q1 2025
  • Revenue increased to $602,368 from $572,709 YoY
  • 41.23% increase in seafarer deployment to 3,187 in Q1 2025
  • 32.43% YoY growth in client base to 49 clients
  • Potential expansion of 40 additional vessels by end-2025
  • Projected addition of 800 seafarers to deployment roster
Negative
  • None.

ATHENS, GR / ACCESS Newswire / May 29, 2025 / Elvictor Group Inc. (OTC PINK:ELVG) ("Elvictor" or the "Company"), a leader in maritime recruitment and crew management, today announced substantial operational growth across key performance areas in Q1 2025, strengthening its market position and future outlook.

In Q1 2025, Elvictor reported strong financial results, reporting a net profit of $60,230. Revenue increased to $602,368, up from $572,709 in Q1 2024, driven by the Company's continued focus on operational efficiency and strategic positioning in the maritime crew management sector.

Operationally, Elvictor deployed 3,187 seafarers in Q1 2025, a 41.23% increase compared to the average of the two preceding quarters. The Company's client roster also expanded to 49 clients, reflecting a robust 32.43% year-over-year increase.

This momentum builds on steady growth achieved throughout 2024, during which onboard seafarer numbers rose from 2,257 in Q1 to 2,570 in Q4 - a 13.9% increase. During the same period, Elvictor's client base grew from 37 to 43, marking a 16.22% increase.

Looking forward, Elvictor is engaged in active discussions with potential new clients, representing a fleet expansion opportunity of over 100 vessels. Management anticipates onboarding up to 40 additional vessels by year-end 2025. This fleet growth could drive the deployment of an additional 800 seafarers and deliver a material increase in Elvictor's EBITDA.

Konstantinos S. Galanakis, CEO of Elvictor Group Inc. commented: "Our sustained growth trajectory underscores our commitment to excellence in maritime management and recruitment. As we continue to expand both our onboard workforce and client portfolio, we are confident in our ability to scale efficiently, enhance operational performance, and create long-term value for our stakeholders."

Elvictor's strong performance highlights the scalability of its digitalized platform, as well as its longstanding, trusted relationships within the global shipping industry. As the Company pursues further growth in 2025 and beyond, it remains committed to delivering operational excellence, financial transparency, and value-driven client partnerships.

About Elvictor Group, Inc.

Elvictor Group, Inc. (OTC PINK: 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 was Elvictor Group's (ELVG) revenue in Q1 2025?

Elvictor Group reported revenue of $602,368 in Q1 2025, an increase from $572,709 in Q1 2024.

How many seafarers did ELVG deploy in Q1 2025?

Elvictor deployed 3,187 seafarers in Q1 2025, representing a 41.23% increase compared to the average of the two preceding quarters.

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

Elvictor plans to onboard up to 40 additional vessels by end-2025, with potential fleet expansion of over 100 vessels, which could add 800 more seafarers to their deployment roster.

How much did ELVG's client base grow in 2024?

Elvictor's client base grew by 16.22% in 2024, increasing from 37 to 43 clients.

What was Elvictor Group's net profit in Q1 2025?

Elvictor Group reported a net profit of $60,230 in Q1 2025.
Elvictor Group, Inc

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