Elvictor Group Secures New Crew Management Contracts

Rhea-AI Summary

Elvictor Group (OTC:ELVG) announced multiple new crewing contracts that expand its crew management portfolio. The company estimates incremental monthly revenue of $140,000 (annualized ~$1.68 million), a run-rate increase of more than 70% YoY.

The agreements cover mixed vessel types and service scopes (full crew management and crew supply-only), are recurring in nature, and follow January 2026 client-led fleet expansions. Approximately 80% of clients work exclusively with Elvictor, and the company says it will pursue selective, disciplined partnerships to scale operations.

Positive

• Incremental revenue of $140,000 monthly (~$1.68M annualized)
• Run-rate growth exceeding 70% year-over-year
• 80% client exclusivity indicating strong customer retention
• Recurring contract mix across full management and supply-only services

Negative

• Near-term growth driven primarily by existing clients, creating customer concentration risk
• Additional revenue tied to fleet expansions that could reverse if clients halt growth

ATTIKI, GREECE / ACCESS Newswire / February 9, 2026 / Elvictor Group Inc. (OTC:ELVG) ("Elvictor" or the "Company"), a leader in maritime recruitment and crew management, today announced the expansion of its crew management portfolio following the award of multiple new crewing contracts driven by fleet growth among existing clients.

Based on current fee structures, the Company estimates incremental monthly revenue from these contract awards of approximately $140,000, representing annualized revenue of approximately $1.68 million, and reflecting a year-over-year increase of more than 70% on a run-rate basis compared to prior-year sales.

The new agreements reflect deepening relationships with established clients that are actively expanding their fleets to increase market presence and operating scale. The contracts span a range of vessel types and include a mix of full crew management and crew supply-only services, tailored to specific client and vessel requirements. The agreements are expected to contribute recurring revenue while leveraging Elvictor's scalable operating platform and industry expertise.

Approximately 80% of Elvictor's client base works exclusively with the Company, highlighting strong customer confidence in Elvictor's service quality and execution. During January 2026, multiple existing clients expanded their engagements with Elvictor by placing additional vessels under management in line with their fleet growth strategies.

As the Company continues to execute its growth strategy, Elvictor is selectively pursuing additional partnerships with established maritime operators, with a focus on disciplined expansion and operational efficiency.

Konstantinos S. Galanakis, CEO of Elvictor Group Inc. commented: "These contract awards reflect the strength of our long-standing client relationships, and the trust customers place in Elvictor as they expand their fleets. Our ability to support clients across multiple vessel types and service structures positions us well to generate recurring revenue while scaling efficiently. As demand for reliable crew management continues to grow, we remain focused on disciplined execution and sustainable growth."

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

How much incremental revenue did Elvictor (ELVG) say the new crewing contracts will generate?

The company estimates $140,000 incremental monthly revenue (~$1.68M annualized). According to the company, this represents a run-rate increase of more than 70% year-over-year versus prior-year sales.

What types of services are included in Elvictor Group's (ELVG) new crewing agreements?

The contracts include a mix of full crew management and crew supply-only services. According to the company, agreements are tailored by vessel type and client needs to deliver recurring, scalable crew solutions.

When did Elvictor (ELVG) report client expansions that led to the new contracts?

Elvictor reported that multiple existing clients expanded engagements during January 2026. According to the company, these January placements reflect client fleet growth strategies that produced the recent contract awards.

What does 80% client exclusivity mean for Elvictor Group (ELVG) shareholders?

Approximately 80% of the client base works exclusively with Elvictor, indicating strong retention. According to the company, high exclusivity supports recurring revenue but may concentrate exposure to a core client set.

Will the new crewing contracts be recurring for Elvictor (ELVG) and support scalability?

Yes, the agreements are expected to contribute recurring revenue while leveraging a scalable operating platform. According to the company, the mix of contract types allows operational efficiency as fleets expand.