Euroholdings (EHLD) investor relations material

Executive summary

• Completed spin-off from Euroseas in March 2025, listing on Nasdaq and distributing shares to Euroseas shareholders; now operates independently with two feeder containerships.

• Paid first dividend of $0.14 per share in July 2025, with a second dividend declared for Q2 2025; annualized yield about 7.5%.

• Marla Investments acquired 51.04% majority stake in June 2025, leading to board changes while management remained unchanged.

• Strategic shift to focus on acquiring modern MR product tankers, leveraging $15M in available equity for initial investments.

• Continued operation of two containerships with strong charter coverage and market conditions.

Financial highlights

• Q2 2025 net revenues were $2.9M, net income $0.82M, and adjusted EBITDA $0.81M; H1 2025 net income was $11.9M, including a $10.23M gain on vessel sale.

• Basic and diluted EPS for Q2 2025 was $0.30; H1 2025 EPS was $4.28, boosted by vessel sale gain; adjusted H1 EPS was $0.60.

• Q2 2025 net revenues and earnings declined year-over-year due to operating two vessels versus three in Q2 2024.

• Second quarterly dividend of $0.14 per share declared, payable in September 2025.

• Average TCE rate in Q2 2025 was $16,528/day, up 7.1% year-over-year.

Outlook and guidance

• Plans to expand tanker fleet, initially using $15M in available funds and potentially raising additional non-dilutive capital.

• Expectation of continued strong market for both product tankers and feeder containerships, with supportive supply-demand dynamics.

• Charter rates for containerships and tankers remain above historical averages, supporting future earnings.

• Existing containerships expected to generate further earnings; rechartering above $11,000/day yields positive cash flow.

• Further fleet growth planned, supported by internal cash flow or potential capital markets fundraising.