Euroholdings Ltd.

What they do

Euroholdings Ltd. is incorporated in the Republic of Mali, with its principal executive offices at 4 Messogiou & Evropis Street, 15124 Maroussi, Greece. The company is registered under SIC code 4412, Deep Sea Foreign Transportation of Freight. Its common stock, $0.01 par value, including preferred stock purchase rights, trades on the Nasdaq Capital Market under the symbol EHLD. As of December 31, 2025, 2,816,615 common shares were outstanding.

Revenue drivers

• Deep sea foreign freight transportation — The company is classified under SIC 4412, indicating that its revenue comes from the ocean transport of freight on foreign routes.

Recent performance

Revenue declined for the fourth straight year, from $24.5M in 2022 to $16.5M in 2023, $15.6M in 2024 and $13.2M in 2025. Net income was $14.0M in 2022, $7.7M in 2023 and $3.8M in 2024 before rebounding to $14.8M in 2025. Diluted EPS was $2.78 in 2023, $1.36 in 2024 and $5.27 in 2025. Operating cash flow fell from $14.1M in 2022 to $9.3M in 2023, $5.0M in 2024 and $3.9M in 2025. At December 31, 2025, total assets were $42.7M, total liabilities $22.6M, shareholders' equity $20.1M, cash and equivalents $3.3M and long-term debt $18.3M.

Strategy

The provided excerpts do not include Item 4 (Information on the Company) or Item 5 (Operating and Financial Review and Prospects), so they do not describe management's stated strategy. No forward-looking statements or business plans are available in the source material to summarize here.

Risks

• Revenue decline — Annual revenue has fallen from $24.5M in 2022 to $13.2M in 2025, a 46% decline over three years.
• Earnings volatility — Net income swung from $3.8M in 2024 to $14.8M in 2025, while operating cash flow declined every year from $14.1M in 2022 to $3.9M in 2025.
• High leverage and low liquidity — At December 31, 2025, long-term debt of $18.3M and total liabilities of $22.6M stand against $3.3M of cash and $20.1M of shareholders' equity.
• Limited disclosure — The available filing excerpts omit the business and MD&A sections, leaving the company's fleet, routes, customers and strategy undisclosed.

Outlook

The provided filing excerpts do not include management's outlook or forward-looking guidance. No specific future plans, capital commitments or market expectations are disclosed in the available source material.