Increase in Net Revenues and Profits
For Q3 2025, Euroseas reported total net revenues of $56.9 million, a 5.1% increase from the previous year. Net income was $29.7 million, up from $27.6 million in Q3 2024.
Strong Charter Rates and Coverage
The company secured 100% of its available days for Q1 2025 at an average rate of $30,345 per day, with strong forward coverage up to 2028.
Successful Sale and Gain from Vessel Transaction
Completed the sale of motor vessel Marcos V for $50 million, recording an estimated gain of $9.3 million.
Dividend and Share Repurchase Program
Declared a quarterly dividend of $0.70 per share and repurchased 466,000 shares for approximately $10.5 million.
Fleet Expansion and Modernization
Four new vessels are under construction, expected to add a total of 17,000 TEU capacity by 2028.