Euroseas Q4 revenue $57.4M, EPS $5.82; $0.75 dividend and 6.8% buyback
Euroseas reported Q4 net revenues of $57.4 M, net income of $40.5 M ($5.82 EPS) and adjusted net income of $31.3 M ($4.50 EPS) on 21.22 vessels at $30,268/day. Full-year 2025 net revenues reached $227.9 M with net income of $137 M ($19.73 EPS); it declared a $0.75 dividend and repurchased 6.8% of shares.
1. Fourth Quarter 2025 Results
Euroseas reported Q4 2025 total net revenues of $57.4 million, net income of $40.5 million ($5.82 basic EPS, $5.79 diluted EPS) and adjusted net income of $31.3 million ($4.50 basic EPS, $4.48 diluted EPS). The fleet averaged 21.22 vessels earning an average time charter equivalent rate of $30,268 per day.
2. Full Year 2025 Performance
For full-year 2025, total net revenues were $227.9 million with net income of $137.0 million ($19.73 basic EPS, $19.72 diluted EPS) and adjusted net income of $116.3 million. Adjusted EBITDA reached $155.9 million on an average fleet of 22.22 vessels at $29,107 per day.
3. Capital Returns
The board declared a $0.75 per share quarterly dividend payable March 17, 2026 to holders of record on March 10, 2026, representing a 7% increase and about a 5% annual yield. The company repurchased 480,455 shares (6.8% of outstanding) for $11.36 million under a $20 million buyback plan.
4. Charter Coverage and Market Outlook
Charter coverage stands at roughly 87% for 2026 and over 71% for 2027, with many contracts extending into 2028 and beyond, underpinning a backlog exceeding $550 million over five years. Management highlights a favorable supply outlook for feeder and intermediate vessels, expects robust profitability and continues to explore accretive investments.