Euroseas Q2 FY26 net income rises 9.7% to $32.6 million; net revenue slips 1.2% to $56.5 million - ESEA News | RalliesEuroseas Q2 FY26 net income rises 9.7% to $32.6 million; net revenue slips 1.2% to $56.5 million
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ESEA• Euroseas reports higher net income and declares dividend
- Euroseas posted Q2 net income attributable to controlling shareholders of USD 33.2 million, or USD 4.77 a share.
- Net revenues slipped 1.2% year over year to USD 56.5 million, reflecting a lower average fleet of 21 vessels.
- Adjusted EBITDA (non-GAAP) edged up to USD 40.1 million from USD 39.3 million a year earlier.
- Average time charter equivalent rate rose to USD 30,306 per day from USD 29,420; daily vessel operating expenses increased to USD 7,116.
- Board declared a USD 0.80 per-share quarterly dividend, payable around Sept. 16 to holders of record Sept. 9.
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