Overview

* Euroseas Q2 2025 net revenue falls 2.5% to $57.2 mln

* Adjusted EBITDA for Q2 2025 was $39.3 mln, down from $42.3 mln in Q2 2024

* Co repurchased 463,074 shares for $10.5 mln under $20 mln buyback plan

Outlook

* Euroseas ( ESEA ) expects continued profitability with 90% charter coverage next 12 months

* Company anticipates rate pressures post-2026 due to fleet supply growth

* Euroseas ( ESEA ) sees advantage in feeder segment due to low orderbook and aged fleet

Result Drivers

* CHARTER RATES - Lower time charter rates in Q2 2025 compared to Q2 2024 impacted net revenues, per CFO Tasos Aslidis

* VESSEL COUNT - Increase in the number of vessels operated helped offset some revenue decline, according to the company

* MARKET CONDITIONS - Strong containership market, especially in the feeder sector, supported profitability, per CEO Aristides Pittas

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $57.20 $53.30

Revenue mln mln (2

Analysts

)

Q2 Beat $29.20 $24.20

Adjusted mln mln (1

Net Analyst)

Income

Q2 Net $29.90

Income mln

Q2 Beat $39.30 $34.60

Adjusted mln mln (2

EBITDA Analysts

)

Q2 $0.7

Dividend

Q2 $11.50

Vessel mln

Operatin

g

Expenses

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the marine freight & logistics peer group is "buy"

* Wall Street's median 12-month price target for Euroseas Ltd ( ESEA ) is $60.00, about 14.5% above its August 12 closing price of $51.33

* The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 2 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)