Euroseas Ltd. Reports Strong 2025 Earnings Performance

Euroseas Ltd ( (ESEA) ) has released its Q2 earnings. Here is a breakdown of the information Euroseas Ltd presented to its investors.

Euroseas Ltd., a company specializing in the ownership and operation of container carrier vessels, provides seaborne transportation for containerized cargoes primarily in the shipping industry. The company recently released its earnings report for the second quarter and first half of 2025, highlighting a robust financial performance despite a slight decrease in net revenues compared to the previous year.

For the second quarter of 2025, Euroseas reported total net revenues of $57.2 million and a net income of $29.9 million, with earnings per share at $4.32 basic and $4.29 diluted. The company operated an average of 22 vessels, achieving an average time charter equivalent rate of $29,420 per day. Euroseas also declared a quarterly dividend of $0.70 per share and continued its share repurchase plan, buying back 463,074 shares for approximately $10.5 million.

In the first half of 2025, Euroseas achieved total net revenues of $113.6 million, a 7.7% increase from the same period in 2024, with a net income of $66.8 million. The company’s fleet utilization remained high, and it maintained a strong focus on modernizing its fleet, as evidenced by its ongoing newbuilding and retrofit programs. The adjusted EBITDA for the first half of 2025 was $76.4 million, reflecting a solid operational performance.

Looking ahead, Euroseas is optimistic about maintaining its profitability, with nearly 90% charter coverage at profitable rates over the next 12 months. The company is also aware of potential challenges, such as supply growth and geopolitical issues, but remains committed to enhancing shareholder value through strategic investments and fleet upgrades.