Strong Financial Performance
Euroseas reported total net revenues of $57.2 million and a net income of $29.9 million or $4.29 per diluted share for Q2 2025. Adjusted EBITDA stood at $39.3 million.
Increase in Dividend
The company declared a quarterly dividend of $0.70 per share for Q2 2025, reflecting a 7.7% increase compared to the previous quarter's $0.65 per share.
Successful Chartering and Fleet Management
The motor vessel Emmanuel P was chartered for 3 years at $38,000 per day. Euroseas' fleet utilization rate remained high at 100% commercial and 99.9% operational.
ESG Commitment
Euroseas published its 2024 ESG report, highlighting positive developments in various KPIs.
Market Strength
1-year time charter rates increased by 8% in the feeder segment during Q2 2025, supported by limited vessel availability and sustained demand.