EuroHoldings reports Q2 EPS 30c vs. 81c last year

Reports Q2 revenue $2.9M vs. $4M last year. Aristides Pittas, Chaiman, President and CEO of Euroholdings (EHLD) commented: “We are pleased to report the results for the first half of 2025 of Euroholdings, a company spun-off from Euroseas Ltd., in March 2025, containing 2 elder containerships and the proceeds from the sale of a third one. As both our vessels have been profitably chartered, we are pleased to report profitable results according to our expectations and happy to announce the declaration of the second quarterly dividend representing an annualized yield of about 7.5%. “We are also happy to report that as announced in late June 2025, our shareholder base has been further strengthened as Marla Investments Inc., a company associated with the Latsis family of Greece, has acquired 51.04% of our shares with the Pittas family remaining a large shareholder as well. We believe that the combined financial strength of our major shareholders and their desire to grow Euroholdings will, indeed, enable our company to deliver superior returns to all of our shareholders. “In that context, our Board decided to focus our growth in the tanker sector and, initially, the medium range product tankers. Over the next several months, we will be gradually implementing this growth strategy targeting modern vessels. “In parallel, as the containership markets have remained strong, our feeder vessels may be rechartered beyond their current contracts contributing further earnings and value to our shareholders and further enabling the execution of our growth plan in the product tanker sector.”