Elvictor Group Inc
thenablers.comWhat Do They Do?
Provides crew recruitment and management services, plus ship management services, to shipping companies, ship owners and ship managers.
10-K for FY2025, filed Apr 6, 2026We currently manage over 2,000 seafarers of five different nationalities who are aboard bulk carriers and tankers. We are able to provide a…View ↗
Ship Management ServicesView ↗
We intend to expand our services by also providing ship management services. In furtherance of this plan, we acquired Ultra Shipmanagement…View ↗
How Do They Make Money?
It charges shipping companies and their ship managers fees based on each seafarer’s salary, rank and vessel type. Most work is under long-term contracts, with services delivered monthly and fees based on fixed-price or cost-plus terms.
10-K for FY2025, filed Apr 6, 2026For each of the aforementioned services, we charge our clients a fee based on the salary of each seafarer, the seafarer’s rank, and the…View ↗
Most of the Company’s revenues are recognized primarily under long-term contracts, including those for which revenues are based on either a…View ↗
The Company has the performance obligation to provide a crew for its customers, the shipping companies, and their ship managers. The…View ↗
$2.4M
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10-K for FY2025, filed Apr 6, 2026
$2.4M ↗
Who Are Their Customers?
Shipping companies and ship managers engage Elvictor to recruit, deploy and manage crews for vessels.
10-K for FY2025, filed Apr 6, 2026
Do Revenues Turn Into Profits?
Not on paper. It lost $175.7K in FY2025, but brought in more cash than it spent: $407.2K of free cash flow.
10-K for FY2025, filed Apr 6, 2026
−$209.7KView ↗
10-K for FY2025, filed Apr 6, 2026
−$175.7KView ↗
10-K for FY2025, filed Apr 6, 2026
$407.2KView ↗
How Are They Changing?
Flat. Revenue was $2.4M in FY2025, about the same as the $2.4M of FY2021.
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