Euroholdings Ltd. SEC Filings

Euroholdings Ltd. director Tamvakakis Apostolos filed an initial ownership report showing direct holdings of common stock. The Form 3 indicates he beneficially owns 3,336 shares of Euroholdings common stock directly, establishing his starting equity position as an insider.

Euroholdings Ltd. filed an initial insider ownership report for Chief Financial Officer Athina Atalioti. The Form 3 shows she directly holds 300 shares of common stock following the reported holdings entry, establishing her baseline equity position as an officer.

Euroholdings Ltd. Chief Executive Officer Pittas Aristeidis J filed an initial Form 3 reporting beneficial ownership of 29,014 shares of common stock held directly and 20,300 shares held indirectly through Friends Investment Ltd., while formally disclaiming beneficial ownership beyond his pecuniary interest.

Euroholdings Ltd. Chief Strategy Officer Aslidis Anastasios has filed an initial insider ownership report. The filing shows direct ownership of 14,000 shares of common stock as of March 17, 2026. This is a holdings disclosure rather than a new buy or sell transaction.

Euroholdings Ltd reported stronger results for the quarter and year ended December 31, 2025. Fourth quarter net revenues rose to $4.5 million, with net income of $1.3 million, or $0.45 per share, helped by higher time charter equivalent rates of $18,778 per day.

For 2025, net revenues were $13.2 million, down from $15.6 million in 2024, but net income jumped to $14.7 million versus $3.8 million, largely due to a $10.2 million gain on the sale of the M/V Diamantis P. Adjusted net income was $4.5 million, or $1.60 per share, and adjusted EBITDA reached $4.7 million.

The company expanded into product tankers by acquiring the 2015-built M/T Hellas Avatar for $31.83 million, funded partly by a $20.0 million bank loan, lifting vessels, net, to $35.2 million and total debt to about $19.9 million. Euroholdings declared a quarterly dividend of $0.14 per share, described as an annualized yield of approximately 8%, and now operates two feeder containerships on time charters plus one medium-range product tanker on the spot market.

Euroholdings Ltd (EHLD) reported stronger profitability for the third quarter of 2025 while advancing a strategic shift into product tankers. For the quarter, net revenues were $3.0 million versus $4.2 million a year earlier, reflecting a smaller fleet, but net income rose to $1.5 million from $1.0 million as average charter rates improved to $16,580 per day, about 17.7% higher than in 2024. Earnings per share increased to $0.55 from $0.34, and Adjusted EBITDA reached $1.4 million.

For the first nine months of 2025, net revenues were $8.7 million compared with $12.1 million in 2024, while net income jumped to $13.4 million from $4.7 million, mainly due to a $10.2 million gain on the sale of the vessel M/V Diamantis P. Adjusted net income for the period was $3.2 million or $1.15 per share. Cash and cash equivalents increased to $15.97 million as of September 30, 2025, and the company declared a quarterly dividend of $0.14 per share.

Euroholdings also signed a deal to acquire the 49,997 dwt MR product tanker M/T Hellas Avatar, built in 2015, from an affiliated party for $31.83 million, partly financed by a new $20.0 million loan from Piraeus Bank. Management highlighted a strategic focus on growing in the MR product tanker segment following a change in the shareholder base, with Marla Investments Inc. now holding about 51% of the company.

EuroHoldings Ltd. (EHLD) announced an agreement to acquire a 49,997 dwt MR product tanker, M/T Hellas Avatar, for $31.83 million. The vessel was built in 2015 in South Korea and is expected to be delivered in mid-November 2025. The seller is an affiliated party; an independent committee of disinterested directors evaluated and approved the transaction. The acquisition will be financed with a combination of conventional debt and equity.

The company described this as its first tanker, aligning with a strategic pivot toward the product tanker sector. EuroHoldings currently operates two feeder containerships. After the tanker’s delivery, the mixed fleet will comprise three vessels with a total carrying capacity of 90,879 dwt. Management noted that the product tanker market continues to demonstrate strong fundamentals.

Euroholdings Ltd. reported operating results for the quarter and six months ended June 30, 2025 showing continued profitable operations from a reduced fleet and a strategic shift to the tanker sector. For Q2 2025 the company recorded total net revenues of $2.9 million and net income of $0.8 million ($0.30 per share), with Adjusted EBITDA of $0.8 million. Average owned and operated vessels were 2.0 in Q2, earning an average TCE of $16,528 per day, a 7.1% increase versus the prior-year quarter. Management declared a $0.14 per share quarterly dividend.

For H1 2025 net revenues were $5.8 million and reported net income was $11.9 million ($4.28 per share), driven primarily by a $10.23 million gain on sale of M/V Diamantis P and related net proceeds of ~$13.15 million. Adjusting for the vessel sale, H1 adjusted net income was $1.7 million ($0.60 per share) and Adjusted EBITDA was $1.7 million. The Board announced a decision to focus growth on modern MR product tankers. The sale materially increased cash to $15.1 million, while general and administrative expenses rose due to spin-off and public company costs, increasing per-vessel operating expense metrics compared with 2024.