Euroseas Boosts 2026–2032 Visibility With Multi-Year Charters as Q3 Profit Climbs

Overview

• Q3 2025 net revenues rose to $56.9 million with net income of $29.7 million and Adjusted EBITDA of $38.8 million.
• Euroseas fixed M/V Synergy Oakland for 34–38 months at $33,500 per day starting May 14, 2026 and secured 47–49 month charters at $35,500 per day for four newbuilds delivering in 2027–2028.
• The charterer may convert the four-year newbuild contracts to five years at $32,500 per day if exercised by November 17, 2026.
• Management projects the five agreements will generate a minimum of about $183 million in EBITDA and raise charter coverage to roughly 75% for 2026 and above 50% for 2027.
• The company declared a $0.70 per share quarterly dividend for payment on or about December 16, 2025, repurchased 466,374 shares for about $10.5 million, reported cash and restricted cash of $112.4 million versus $224.0 million of debt, and recorded a ~$9.3 million gain on the October sale of M/V Marcos V.