Euroholdings Q2 FY26 net income more than quadruples to USD 4.3 million; net revenue rises 195% to USD 8.6 million - EHLD News | RalliesEuroholdings Q2 FY26 net income more than quadruples to USD 4.3 million; net revenue rises 195% to USD 8.6 million
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EHLD• Dividend declared and tanker delivery delayed
- The company declared a quarterly dividend of $0.14 per share, payable on or about Sept. 16 to shareholders of record Sept. 9.
- Delivery of the MR product tanker acquisition was pushed to September; financing includes a $10 million loan collateralized by two containerships.
Q2 results rise on stronger charter rates and larger fleet
- Euroholdings posted Q2 net income of $4.3 million, up from $822,538 a year earlier; earnings per share rose to $1.52.
- Net revenues more than doubled to $8.6 million, up 195% year over year; adjusted EBITDA (non-GAAP) climbed to $5 million.
- Average time charter equivalent rate increased 69.6% to $28,039 per day, reflecting stronger charter rates and a larger operating fleet.
