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Companies $ESEA
$66.19 +$0.02 (0.03%) Close
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Euroseas Ltd

euroseas.gr

What Do They Do?

Runs containerships carrying manufactured goods and perishables between ports, providing scheduled shipping services for liner companies and other charterers.

How Do They Make Money?

Customers pay a fixed or index-linked daily rate to use a vessel for a set period, generally 15 or 30 days in advance. For occasional single-voyage charters, they pay an agreed freight rate, usually collected in advance.

FY2025 revenue

Who Are Their Customers?

Liner companies charter the vessels for scheduled services between ports, and the company serves major containership charterers carrying varied cargoes on routes around the globe.

Customers above 10% of revenue, FY2025
of revenue from five customers (32%, 23%, 15%, 10%, 7%)
FY2023: 82% from five customers

Do Revenues Turn Into Profits?

Yes. It kept 60 cents of every revenue dollar as net income in FY2025.

Operating income, FY2025
66% of revenue
▲ +25% vs FY2024 ($120M, 56%)
Net income, FY2025
60% of revenue
▲ +21% vs FY2024 ($112.8M, 53%)

How Are They Changing?

Growing. Revenue grew 2.4x in 4 years, from $93.9M in FY2021 to $227.9M in FY2025, about 25% a year.

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