Euroholdings Ltd. Q4 FY2025 earnings call

Key managerial messages: - Eurohodis was spun off from EuroSys on March 17, 2025, and listed publicly on March 18, 2025. Marla Investments acquired a 51% stake in Euroholdings from the Pitas family. - In late summer 2025, Euroholdings decided to enter the tanker sector, acquiring the motor tanker Elas Avatar in November 2025. - The two feeder container ships continue to operate under profitable charters, with charters running until end of September and mid-October 2026 respectively. - Tasos Aslidis discussed product tanker market highlights, including charter rates, fleet age, and trade demand outlook. - Athena Atalioti reviewed financial highlights for the fourth quarter and 12-month periods, including net revenues, net income, adjusted EBITDA, and cash flow break-even profiles for container and MR product tanker segments.

For the fourth quarter of 2025, the container segment (comprising two feeder container ships) reported total net revenues of $4.48 million, a net income of $1.27 million, and an adjusted EBITDA of $1.6 million. For the 12-month period ended December 31, 2025, the container segment had total net revenues of $13.23 million, a net income of $14.71 million, and an adjusted EBITDA of $4.69 million. The MR product tanker segment: in the fourth quarter, the motor tanker Elas Avatar was employed under a short-term voyage charter, earning about $43,000 per day through late February. For the 12-month period, the total net revenues included the revenue from the tanker segment. The container segment contributed 100% to the fourth quarter total net revenues of $4.48 million and 100% to the 12-month total net revenues of $13.23 million, while the MR product tanker segment's revenue was part of the overall totals.

Management's forward-looking guidance: - Intention to further expand the fleet with the acquisition of additional MR product tankers, funded through a balanced mix of debt, existing equity, and hopefully new equity. - Expectation of continued cargo flow supporting demand for feeder vessels. - Positive outlook for the product tanker market due to an aging fleet, limited order book, and expected increase in trade volumes for oil products in 2026 and 2027.

Risks discussed: - Aging feeder fleet with 21% of vessels over 20 years old, potential retirement or scrapping due to stricter environmental regulations. - Geopolitical uncertainties such as disruptions from events like the COVID pandemic and Russian invasion of Ukraine impacting trade patterns and oil product trade volumes. - Fluctuations in charter rates and market conditions affecting the profitability of container and tanker segments.

Question and Answer: There are no questions asked during the session. The host stated 'it appears there are no questions' and then passed the floor back to Mr. Pittis for closing remarks.