Euroholdings Q1 FY26 net income falls to $2.4 million; net revenue more than doubles to $7.6 million

• Euroholdings posted net income of $2.38 million, or $0.84 a share, for the quarter ended March 31, 2026, down from $11.08 million a year earlier.
• Net revenues more than doubled to $7.64 million, up 166% year over year.
• Adjusted EBITDA climbed to $3.14 million from $859,075, while average time charter equivalent rate rose 79.7% to $28,388 per day.
• The group declared a quarterly dividend of $0.14 a share, payable on or about June 16 to holders of record on June 9.
• It agreed to buy a 2015-built 49,997 dwt MR product tanker, M/T Hellas Fighter, for $39.25 million with delivery expected between mid-June and mid-August 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Euroholdings Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202605210900PRIMZONEFULLFEED9724697) on May 21, 2026, and is solely responsible for the information contained therein.