Euroholdings Q1 2026 Earnings & Acquisition of Product Tanker Vessel

Euroholdings Ltd reported Q1 2026 financial results with total net revenues of $7.6 million, net income of $2.4 million ($0.84 EPS), and adjusted EBITDA of $3.1 million. The company operated an average of 3.0 vessels earning $28,388 per day, a 79.7% increase from Q1 2025. Euroholdings announced the acquisition of the M/T Hellas Fighter, a 49,997 DWT product tanker built in 2015, for $39.25 million from a related party of majority shareholder Marla Investments Inc. The acquisition was approved by an independent committee and will be financed through own funds and debt, with delivery expected between mid-June and mid-August 2026. The company declared a quarterly dividend of $0.14 per share payable June 16, 2026, representing an annualized yield of approximately 6.5%. The fleet will expand to 4 vessels total after the acquisition.