New contracts boost Elvictor Group (OTC: ELVG) crew management revenue
Rhea-AI Filing Summary
Elvictor Group, Inc. announced new crew management contracts that expand its portfolio with existing maritime clients growing their fleets. Based on current fee structures, the contracts are expected to add approximately $140,000 in incremental monthly revenue, or about $1.68 million annually.
The company states this represents a year-over-year increase of more than 70% on a run-rate basis versus prior-year sales. The agreements cover multiple vessel types and a mix of full crew management and crew supply-only services, which are expected to generate recurring revenue on Elvictor’s scalable digital platform.
Elvictor notes that about 80% of its client base works exclusively with the company, and several existing clients expanded their engagements in January 2026 by placing additional vessels under management.
Positive
- Material revenue uplift: New crew management contracts are expected to add approximately $140,000 in monthly revenue, or about $1.68 million annually, which the company says exceeds 70% year-over-year growth on a run-rate basis.
Negative
- None.
Insights
New crew contracts meaningfully expand Elvictor’s recurring revenue base and deepen existing client relationships.
Elvictor Group highlights multiple new crew management contracts tied to fleet growth among existing clients. These awards are estimated to add about
The contracts span several vessel types and blend full crew management with crew supply-only services. This mix fits Elvictor’s digitalized platform and suggests broader utilization of its operating infrastructure, potentially improving economics as volumes scale, though margins are not quantified in the disclosure.
Management emphasizes relationship depth, noting that around
UNITED STATES
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CURRENT REPORT
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Elvictor Group, Inc. is referenced herein as “we”, “our”, “us”, or the “Company”
Item 7.01 Regulation FD Disclosure
On February 9, 2026, we will be issuing a press release titled “Elvictor Group Secures New Crew Management Contracts” which press release is attached hereto as Exhibit 99.1.
The information in this Current Report on Form 8-K with respect to Item 8.01 (including the press release attached hereto as Exhibit 99.1) is being furnished pursuant to Item 8.01 of Form 8-K and shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (“Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed to be incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act. This current report on Form 8-K (including Exhibit 99.1) will not be deemed an admission as to the materiality of any information contained herein.
Item 8.01 Other Events
On February 9, 2026, we announced that Elvictor secured new crew management contracts. A copy of the press release announcing these events is attached hereto as Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
The exhibits listed below are filed or furnished herewith.
| Exhibit Number |
Description | |
| 99.1 | Press Release dated February 9, 2026 | |
| 104 | Cover Page Interactive Data File (formatted as Inline XBRL) |
| * | Filed herewith. |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Elvictor Group, Inc. | |||
| Date: February 9, 2026 | By: | /s/ Konstantinos Galanakis | |
| Name: | Konstantinos Galanakis | ||
| Title: | Chief Executive Officer | ||
Exhibit 99.1
FOR IMMEDIATE RELEASE
Elvictor Group Secures New Crew Management Contracts
ATTIKI, Greece–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.
FAQ
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Filing Exhibits & Attachments
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