On share repurchases, Pittas said the company has repurchased 480,000 shares since launching its $20 million program in May 2022—about 6.8% of outstanding shares—for an aggregate price of approximately $11.4 million . The program, after two one-year extensions, was renewed for a third time in May 2025, and management said it intends to continue executing repurchases “in a disciplined manner.”Euroseas also increased its quarterly common stock dividend by 7% to $0.75 per share for the fourth quarter of 2025. ...

Euroseas Ltd. (ESEA) came out with quarterly earnings of $4.48 per share, beating the Zacks Consensus Estimate of $4.47 per share. This compares to earnings of $3.33 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +0.22%. A quarter ago, it was expected that this company would post earnings of $4.4 per share when it actually produced earnings of $4.23, delivering a surprise of -3.86%.Over the last four quarters, the company has ...

Euroseas (NasdaqCM:ESEA) Q4 2025 Earnings call February 25, 2026 10:00 AM ET Company ParticipantsAnastasios Aslidis - CFOAristides J. Pittas - Chairman and CEOCliment Molins - Head of Shipping ResearchConference Call ParticipantsMark Reichman - Senior Research Analyst, Natural ResourcesPoe Fratt - Research AnalystTate Sullivan - Managing Director and Senior Research AnalystOperatorThank you for standing by, ladies and gentlemen, and welcome to the Euroseas conference call on the fourth quarter 2025 financia ...

Euroseas (NasdaqCM:ESEA) Q4 2025 Earnings call February 25, 2026 10:00 AM ET Speaker4Thank you for standing by, ladies and gentlemen, and welcome to the Euroseas conference call on the fourth quarter 2025 financial results. We have with us Mr. Aristides Pittas, Chairman and Chief Executive Officer, and Mr. Tassos Aslidis, Chief Financial Officer of the company. At this time, all participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session, at which time, if ...

192 – 0 – 0 217 – 217 – 217 220 – 230 – 242 242 – 242 – 242 Earnings Presentation Quarter Ended December 31, 2025 1 February 25, 2026 0 – 111 – 234 0 – 61 – 128 217 – 44 – 43 154 – 172 – 204 Forward-Looking Statements Statements in this presentation may be "forward-looking statements" within the meaning of federal securities laws. The matters discussed herein that are forward-looking statements are based on current management expectations that involve risks and uncertainties that may result in such expectat ...

Core Viewpoint - Euroseas Ltd. reported strong financial results for the fourth quarter and full year of 2025, highlighting high profitability and robust charter rates, while also addressing challenges in the containership market [4][5][6]. Fourth Quarter 2025 Financial Highlights - Total net revenues reached $57.4 million, a 7.7% increase from $53.3 million in Q4 2024, driven by higher average time charter rates despite a decrease in the average number of vessels operated [9][12]. - Net income for the quarter was $40.5 million, compared to $24.4 million in Q4 2024, with earnings per share of $5.82 (basic) and $5.79 (diluted) [7][23]. - The average time charter equivalent rate for the quarter was $30,268 per day, up from $26,479 per day in the same period last year [12][41]. - Adjusted EBITDA for Q4 2025 was $40.7 million, an increase from $32.8 million in Q4 2024 [11][22]. Full Year 2025 Highlights - Total net revenues for 2025 were $227.9 million, a 7.0% increase from $212.9 million in 2024, attributed to a higher number of vessels and increased charter rates [25]. - Net income for the year was $137.0 million, up from $112.8 million in 2024, with earnings per share of $19.73 (basic) and $19.72 (diluted) [36]. - The average time charter equivalent rate for the year was $29,107 per day, compared to $28,054 per day in 2024 [25][41]. - Adjusted EBITDA for the full year was $155.9 million, compared to $135.8 million in 2024 [35]. Fleet and Charter Coverage - The company has a charter coverage of approximately 87% for 2026 and over 71% for 2027, with contracted revenues exceeding $550 million over the next five years [5][6]. - The fleet operated an average of 22.22 vessels in 2025, compared to 21.73 vessels in 2024 [25][41]. Market Conditions and Challenges - The containership market faces challenges such as high orderbook levels in large containership segments and potential reductions in demand due to resumed traffic through the Suez Canal [6]. - Euroseas operates in the feeder and intermediate size vessel segments, which are expected to see a contraction in supply, benefiting modern vessel owners [6]. Shareholder Returns - The company declared a quarterly dividend of $0.75 per share for Q4 2025, reflecting a 7% increase and providing an annualized yield of about 5% [8]. - As of February 25, 2026, the company repurchased 480,455 shares, representing about 6.8% of outstanding shares, under a $20 million share repurchase plan [7].

ATHENS, Greece, Feb. 20, 2026 (GLOBE NEWSWIRE) -- Euroseas Ltd. (NASDAQ: ESEA), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today that it will release its financial results for the fourth quarter ended December 31, 2025, on February 25, 2026, before market opens in New York. On the same day, Wednesday, February 25, 2026, at 10:00 am Eastern Time, the Company's management will host a conference call and webcast to discuss th ...

Core Insights - Euroseas Ltd. is expanding its fleet from 21 to 25 vessels by 2028, with a total capacity of approximately 79,000 TEU [1] - The company has demonstrated strong financial performance, with a market capitalization growth from $50 million to nearly $500 million, attributed to a seasoned management team [1] - Euroseas has a forward charter coverage that supports earnings visibility, with significant portions of open days already fixed at high rates for 2026 and 2027 [3][4] Fleet Strategy - The fleet strategy focuses on renewal and efficiency, with nine new feeder vessels built between 2023 and 2025, and retrofitting of energy-saving devices on existing vessels [2] - The new vessels are LNG ready, although the company expresses skepticism about a rapid industry-wide transition to alternative fuels [2] Financial Performance - For the first nine months of the year, Euroseas reported net revenues of $170 million and net income of $85 million, with adjusted earnings per diluted share at $12.2 [3] - Full-year earnings are expected to exceed $16 per share, with 83% of open days for 2026 already fixed at an average rate of $31,000 per day [3] Profitability and Break-even Analysis - Euroseas would remain profitable even in a conservative scenario where unfixed vessels earn zero, with a break-even cost of $12,000 per vessel per day [4] - Current charters yield a substantial margin of $18,000 per day, contributing directly to net earnings [4]

Core Viewpoint - Euroseas Ltd. has secured a new time charter contract for its feeder containership EM Spetses, which will commence on April 12, 2026, at a gross daily rate of $21,500, reflecting a significant increase from its current rate [1][2]. Group 1: Charter Contract Details - The new charter contract for EM Spetses is for a minimum of 22 months and a maximum of 24 months, depending on the charterer's option [1]. - The daily rate of $21,500 represents an increase of over $3,000 compared to the vessel's current rate [1][2]. - The charter is expected to generate approximately $8.9 million in EBITDA over the minimum contracted period [2]. Group 2: Fleet Profile and Operations - Euroseas operates a fleet of 21 vessels, including 15 feeder containerships and 6 intermediate containerships, with a total cargo capacity of 61,144 TEU [8]. - The company anticipates that after the delivery of four new intermediate containerships in 2027 and 2028, its fleet will expand to 25 vessels with a total capacity of 79,080 TEU [8]. - Euroseas' operations are managed by Eurobulk Ltd., which handles the commercial and technical management of the vessels [7]. Group 3: Market Context - The chartering market for container vessels is currently tight, with limited tonnage availability, leading to strong demand in the feeder segment [2]. - The company has increased its charter coverage for 2026, 2027, and 2028 to approximately 87%, 71%, and 41%, respectively [2].

Euroseas Conference Call Summary Company Overview - Euroseas operates in the feeder and intermediate sectors of the container market with a fleet of 21 vessels and four under construction [2][3] - The company has been publicly listed since 2005, with a market capitalization growth from approximately $50 million to about $500 million [4] Fleet and Operations - The fleet includes six intermediate vessels averaging 18 years old and 15 feeder vessels, with nine new vessels built between 2023 and 2025 [5][6] - Future growth is supported by the order of four additional intermediate vessels for delivery in 2027 and 2028 [6] Financial Performance - For the nine-month period, Euroseas reported an average of 22.6 vessels at a charter rate of $28,735 per day, generating total net revenue of $170 million and net income close to $100 million [10] - The company paid a dividend of $0.70 per share for Q3, translating to an annualized yield of about 5% [10][11] - Projected earnings per share for 2026 and 2027 are expected to remain high due to significant charter coverage at rates exceeding $31,000 per day [11][12] Market Position and Outlook - Euroseas has a low break-even cost of $12,000 per day per vessel, providing substantial margins with current charter rates [13] - The company maintains a low bank debt of $224 million, representing about 33.3% of total book value of assets, indicating low leverage [14] - The estimated net asset value (NAV) per share is $85, while the current trading price is $53, reflecting a 38% discount [15] Industry Dynamics - The container shipping market experienced low rates from 2010 to 2020 due to oversupply, but rates surged post-COVID due to increased demand for goods [18] - Current geopolitical tensions, such as the Israeli-Gaza conflict, have led to increased charter rates, but normalization is expected in the coming years [19][20] - The order book for new vessels is at 34%, significantly lower than the historical highs, suggesting a more stable market environment [20][21] Investment Considerations - Euroseas is insulated from short to medium-term market fluctuations due to long-term charters secured at profitable levels [22] - The company has a strong commitment to rewarding shareholders with dividends and has a share repurchase program in place [24] - The feeder and intermediate container market fundamentals are positive, with a shrinking fleet expected in the sector [23] Risks and Challenges - Potential headwinds include geopolitical instability and global economic slowdowns, which could impact transportation demand [27][28] - The company is preparing for future fuel transitions by making new vessels LNG ready, although conventional fuel is expected to remain prevalent for some time [26] Conclusion - Euroseas presents a compelling investment opportunity in the container shipping sector, with strong financial performance, a well-managed fleet, and favorable market conditions, despite potential risks from geopolitical and economic factors [22][24]