EHLD

ATHENS, Greece, Aug. 12, 2026 (GLOBE NEWSWIRE) -- EuroHoldings Ltd (NASDAQ: EHLD, the “Company” or “EuroHoldings”), an owner and operator of container carriers and tanker vessels and provider of container and tanker seaborne transportation services, announced today its results for the three- and six-month periods ended June 30, 2026. Second Quarter 2026 Financial Highlights: Total net revenues of $8.6 million. Net income of $4.3 million; or $1.52 earnings per share basic and diluted. Adjusted net income1 for the period remained unchanged at $4.3 million or $1.52 per share basic and diluted. Adjusted EBITDA1 was $5.0 million. An average of 3.0 vessels were owned and operated during the second quarter of 2026 earning an average time charter equivalent rate of $28,039 per day. Declared a quarterly dividend of $0.14 per share for the second quarter of 2026, payable on or about September 16, 2026, to shareholders of record on September 9, 2026. First Half 2026 Financial Highlights: Total net revenues of $16.2 million. Net income of $6.7 million; or $2.37 earnings per share basic and diluted. Adjusted net income1 for the period remained unchanged at $6.7 million or $2.37 per share basic and diluted. Adjusted EBITDA1 was $8.2 million. An average of 3.0 vessels were owned and operated during the first half of 2026 earning an average time charter equivalent rate of $28,204 per day. Recent developments:As announced in May 2026, the Company agreed to acquire a medium-range (MR) product tanker vessel with capacity of 49,997 dwt, built in 2015 in South Korea, from a related party of Marla Investments Inc., our majority shareholder, not under common control. The vessel was expected to be delivered by mid-August of 2026 but due to discharging delays the vessel is now expected to be delivered by September 2026. The Company will finance the purchase with a combination of own funds and bank debt and has secured the required debt financing for the acquisition, including a $10 million loan collateralized by its two containership vessels. ___________________________1Adjusted EBITDA, Adjusted net income and Adjusted income per share are not recognized measurements under US GAAP (GAAP) and should not be used in isolation or as a substitute for Euroholdings financial results presented in accordance with GAAP. Refer to a subsequent section of the Press Release for the definitions and reconciliation of these measurements to the most directly comparable financial measures calculated and presented in accordance with GAAP. Aristides Pittas, Chairman, President and CEO of Euroholdings commented: “We are pleased to report another quarter of highest to-date adjusted quarterly earnings. During the second quarter, on the top of a solid revenue base from our two elder containerships, we benefitted from significant earnings contributions coming from our product tanker vessel to which we expect soon to add a sister vessel, M/V Hellas Fighter, as earlier announced. We continue to evaluate the timing, funding and pace of further expansion in the product tanker sector aiming to establish a public consolidation and targeted investment platform. “We are also happy to report that our Board of Directors declared our sixth consecutive dividend of $0.14 per share which represents an annualized yield of approximately 6.5%.” Athina Atalioti, Chief Financial Officer of Euroholdings commented: “In the second quarter of 2026, on a per-vessel-per-day basis, our vessels earned an average time charter equivalent rate of $28,039, 69.6% higher compared to the average rate of $16,528 for the same period of 2025. Our net revenues increased to $8.6 million in the second quarter of 2026 compared to $2.9 million during the same period of last year as a result of operating and earning revenues from three vessels during the second quarter of 2026 compared to two for the same period of last year, as well as due to the improved charter rates mentioned above. “Total daily vessel operating expenses, including management fees but excluding drydocking costs and general and administrative expenses, averaged $6,957 per vessel per day during the second quarter of 2026, slightly lower compared to $7,184 per vessel per day for the same quarter of last year. Total daily general and administrative expenses averaged $1,085 per vessel per day during the second quarter of 2026 compared to $4,112 per vessel per day for the same quarter of last year. This decrease is mainly due to lower general and administrative expenses per vessel as a result of reduced costs during the second quarter of 2026 as compared to the same period of 2025. The latter included costs related to the Company being public, including the compensation expense recognized due to accelerated vesting upon a change of control event of share-based awards “inherited” from our parent during the spin-off as well as the allocation of the general and administrative expenses to fewer vessels. “Adjusted EBITDA during the second quarter of 2026 was $5.0 million versus $0.8 million in the second quarter of last year.” “As of June 30, 2026, our outstanding debt (excluding the unamortized loan fees) was $19.2 million versus restricted and unrestricted cash of approximately $10.9 million.” Second Quarter 2026 Results: For the second quarter of 2026, the Company reported total net revenues of $8.6 million representing a 195.0% increase over total net revenues of $2.9 million during the second quarter of 2025 which was the result of the increased average number of vessels operating in the second quarter of the current year and the increased average time charter equivalent rates our vessels earned in this period. The latter was the result of the increased time charter equivalent revenue earned by the product tanker that was employed on voyage charters. On average, 3.0 vessels were owned and operated during the second quarter of 2026 earning an average time charter equivalent rate of $28,039 per day compared to 2.0 vessels in the same period of 2025 earning on average $16,528 per day. For the second quarter of 2026, voyage expenses amounted to $1.4 million and mainly relate to expenses incurred by one of our vessels while employed under voyage charters and to owners expenses in various ports, as compared to $0.03 million, mainly relating to owners’ expenses in various ports in the same period of 2025. Vessel operating expenses increased to $1.6 million for the second quarter of 2026 from $1.1 million in the same period of 2025. The increase is mainly attributable to the increased average number of vessels owned and operated during the period. Vessel depreciation for the second quarter of 2026 increased to $0.5 million from $0.02 million in the second quarter of 2025, as a result of the depreciation charge for the vessel acquired within the fourth quarter of 2025. Related party management fees for the period were $0.3 million for the second quarter of 2026 as compared to $0.2 million for the same period of 2025. This was the result of the higher number of vessels operating in 2026, as well as the adjustment for inflation in the daily vessel management fee for the container vessels, effective from January 1, 2026, increasing it from 850 Euros to 875 Euros per vessel, and the unfavorable movement of the euro/dollar exchange rate during the period. The management fee for the container vessels is paid to Eurobulk Ltd. A rate of 1,250 Euros per day is paid for the tanker vessel acquired within the fourth quarter of 2025, further contributing to the increase of the related party management fees in the second quarter of 2026 compared to the same period of 2025. The manager of the tanker vessel is Latsco Marine Management Inc. General and administrative expenses were $0.3 million for the second quarter of 2026, compared to $0.7 million for the same period of 2025. The decreased general and administrative expenses reflect mainly costs incurred in 2025 related to the Company being public, including the compensation expense recognized due to accelerated vesting of share-based awards upon a change of control. Interest expense during the second quarter of 2025 was nil. Interest and other financing costs for the second quarter of 2026 amounted to $0.3 million, as a result of the loan drawn down for the acquisition of M/V “Hellas Avatar” in the fourth quarter of 2025. The Company reported net income for the second quarter of 2026 of $4.3 million, as compared to net income of $0.8 million for the same period of 2025. Adjusted EBITDA for the second quarter of 2026 was $5.0 million compared to $0.8 million achieved during the second quarter of 2025. Basic and diluted earnings per share for the second quarter of 2026 was $1.52 calculated on 2,816,615 basic and diluted weighted average number of shares outstanding, compared to basic and diluted earnings per share of $0.30 for the second quarter of 2025, calculated on 2,783,999 basic and diluted weighted average number of shares outstanding. The adjusted earnings per share, basic and diluted, for the quarters ended June 30, 2026 and 2025 remained unchanged at $1.52 and $0.30, respectively, compared to the earnings per share of the respective quarter, as no adjustment was applied. First Half 2026 Results: For the first half of 2026, the Company reported total net revenues of $16.2 million representing a 180.6% increase over total net revenues of $5.8 million during the first half of 2025, which was the result of the higher average number of vessels operated and the increased average time charter equivalent rates our vessels earned in this period. The latter was the result of the increased time charter equivalent revenue earned by the product tanker that was employed on voyage charters. On average, 3.0 vessels were owned and operated during the first half of 2026 earning an average time charter equivalent rate of $28,204 per day compared to 2.1 vessels in the same period of 2025 earning on average $16,158 per day. For the first half of 2026, voyage expenses amounted to $2.5 million and mainly related to expenses incurred by one of our vessels while employed under voyage charters and to owners expenses in various ports. For the same period of 2025, voyage expenses amounted to $0.06 million and mainly related to owners’ expenses in various ports. Vessel operating expenses were $3.4 million for the first half of 2026 compared to $2.3 million for the first half of 2025. The increase is mainly attributable to the higher number of vessels operating in the first half of 2026 compared to the corresponding period in 2025. During the first half of 2026, one vessel completed its special survey with dry-dock, for a total cost of $0.8 million. During the first half of 2025 one of our vessels completed its intermediate survey for a total cost of $0.3 million. Related party management fees for the first half of 2026 increased to $0.6 million from $0.4 million for the same period of 2025. This was the result of the higher number of vessels operating in 2026, as well as the adjustment for inflation in the daily vessel management fee for the container vessels, effective from January 1, 2026, increasing it from 850 Euros to 875 Euros, and the unfavorable movement of the euro/dollar exchange rate during the period. The management fee for the container vessels is paid to Eurobulk Ltd. A rate of 1,250 Euros per day is paid for the tanker vessel acquired within the fourth quarter of 2025, further contributing to the increase of the related party management fees in the first half of 2026 compared to the same period of 2025. The manager of the tanker vessel is Latsco Marine Management Inc. General and administrative expenses for the first half of 2026 were $0.6 million compared to $1.0 million for the same period of 2025. The decreased general and administrative expenses reflect mainly expenses incurred in 2025 related to the Company being public, including the compensation expense recognized due to accelerated vesting of share-based awards upon a change of control. On January 10, 2025, the Company signed an agreement to sell M/V Diamantis P, a 2,008 teu container carrier, built in 1998, for further trading, for approximately $13.15 million, resulting in a gain on sale of $10.23 million. Interest expense during the first half of 2025 was nil. Interest and other financing costs for the first half of 2026 amounted to $0.5 million, as a result of the loan drawn down for the acquisition of M/V “Hellas Avatar” in the fourth quarter of 2025. The Company reported net income for the period of $6.7 million, as compared to net income of $11.9 million, for the first half of 2025. Adjusted EBITDA for the first half of 2026 was $8.2 million compared to $1.7 million achieved during the first half of 2025. Basic and diluted earnings per share for the first half of 2026 was $2.37, calculated on 2,816,615 basic and diluted weighted average number of shares outstanding compared to earnings per share of $4.28, calculated on 2,782,436 basic and diluted weighted average number of shares outstanding. The adjusted earnings for the six-month period ended June 30, 2026, remained unchanged at $2.37 per share basic and diluted compared to the earnings per share of the period, as no adjustment was applied. Excluding the effect on the earnings for the first half of the year of the net gain on sale of vessel, the adjusted earnings for the six-month period ended June 30, 2025, would have been $0.60 per share basic and diluted. Usually, security analysts do not include the above item in their published estimates of earnings per share. Fleet Profile: After the delivery of M/V HELLAS FIGHTER, the Euroholdings Ltd. fleet profile is as follows: Note:  (*) TC denotes time charter. All dates listed are the earliest redelivery dates under each TC.(**) Period to November 2026 is at the option of the charterer Summary Fleet Data: (1) Average number of vessels is the number of vessels that constituted the Company’s fleet for the relevant period, as measured by the sum of the number of calendar days each vessel was a part of the Company’s fleet during the period divided by the number of calendar days in that period. (2) Calendar days. We define calendar days as the total number of days in a period during which each vessel in our fleet was owned by us including off-hire days associated with major repairs, drydockings or special or intermediate surveys or days of vessels in lay-up, or vessels that were committed for sale. Calendar days are an indicator of the size of our fleet over a period and affect both the amount of revenues and the amount of expenses that we record during that period. (3) The scheduled off-hire days including vessels laid-up, vessels committed for sale or vessels that suffered unrepaired damages, are days associated with scheduled repairs, drydockings or special or intermediate surveys or days of vessels in lay-up, or vessels that were committed for sale. (4) Available days. We define available days as the total number of Calendar days in a period net of scheduled off-hire days as defined above. We use available days to measure the number of days in a period during which vessels were available to generate revenues. (5) Off-hire days. We define off-hire days as days associated with unscheduled repairs or other off-hire time related to the operation of the vessels, as well as days a vessel is idle without employment. (6) Voyage days. We define voyage days as the total number of days in a period during which each vessel in our fleet was in our possession net of off-hire days. We use voyage days to measure the number of days in a period during which vessels actually generate revenues or are sailing for repositioning purposes. (7) Fleet utilization. We calculate fleet utilization by dividing the number of our voyage days during a period by the number of our available days during that period. We use fleet utilization to measure a company's efficiency in finding suitable employment for its vessels and minimizing the number of days that its vessels are off-hire for reasons such as unscheduled repairs or days waiting to find employment. (8) Average time charter equivalent rate, or average TCE, is a metric of the average daily net revenue performance of our vessels. Our method of calculating average TCE is determined by dividing (a) time charter equivalent revenue, which consists of time charter revenue and voyage charter revenue, if any, net of voyage expenses by (b) voyage days for the relevant time period. Voyage expenses primarily consist of port, canal and fuel costs that are unique to a particular voyage, which would otherwise be paid by the charterer under a time charter contract or are related to repositioning the vessel for the next charter. Average TCE provides additional meaningful information in conjunction with time charter revenue and voyage charter revenue, the most directly comparable GAAP measure, because it assists our management in making decisions regarding the deployment and use of our vessels and because we believe that it provides useful information to investors regarding our financial performance. Average TCE is a standard shipping industry performance metric used primarily to compare period-to-period changes in a shipping company's performance despite changes in the mix of charter types (i.e., spot voyage charters, time charters, pool agreements and bareboat charters) under which the vessels may be employed between the periods. Our definition of average TCE may not be comparable to that used by other companies in the shipping industry. (9) We calculate daily vessel operating expenses, which include crew costs, provisions, deck and engine stores, lubricating oil, insurance, maintenance and repairs and related party management fees by dividing vessel operating expenses and related party management fees by fleet calendar days for the relevant time period. Drydocking expenses are reported separately. (10) Daily general and administrative expense is calculated by us by dividing general and administrative expenses by fleet calendar days for the relevant time period. (11) Total vessel operating expenses, or TVOE, is a measure of our total expenses associated with operating our vessels. We compute TVOE as the sum of vessel operating expenses, related party management fees and general and administrative expenses; drydocking expenses are not included. Daily TVOE is calculated by dividing TVOE by fleet calendar days for the relevant time period. (12) Daily drydocking expenses are calculated by us by dividing drydocking expenses by the fleet calendar days for the relevant period. Drydocking expenses include expenses during drydockings that would have been capitalized and amortized under the deferral method. Drydocking expenses could vary substantially from period to period depending on how many vessels underwent drydocking during the period. The Company expenses drydocking expenses as incurred. Conference Call and Webcast: Today, August 12, 2026 at 10:30 a.m. Eastern Time, the Company's management will host a conference call and webcast to discuss the results. Conference Call details: Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 877 405 1226 (US Toll-Free Dial In) or +1 201 689 7823 (US and Standard International Dial In). Please quote “EuroHoldings” to the operator and/or conference ID 13762070. Click here for additional participant International Toll-Free access numbers. Alternatively, participants can register for the call using the call me option for a faster connection to join the conference call. You can enter your phone number and let the system call you right away. Click here for the call me option. Audio Webcast- Slides Presentation: There will be a live and then archived webcast of the conference call and accompanying slides, available on the Company’s website. To listen to the archived audio file, visit our website http://www.euroholdings.gr and click on Company Presentations under our Investor Relations page. Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast. The slide presentation for the second quarter ended June 30, 2026, will also be available in PDF format 10 minutes prior to the conference call and webcast, accessible on the company's website (www.euroholdings.gr) on the webcast page. Participants to the webcast can download the PDF presentation. Adjusted EBITDA Reconciliation:Euroholdings Ltd. considers Adjusted EBITDA to represent net income before interest and other financing costs, income taxes, depreciation and net gain on sale of vessel. Adjusted EBITDA does not represent and should not be considered as an alternative to net income, as determined by United States generally accepted accounting principles, or GAAP. Adjusted EBITDA is included herein because as a supplemental basis upon which the Company assesses its financial performance and because the Company believes that this non-GAAP financial measure assists our management and investors by increasing the comparability of our performance from period to period by excluding the potentially disparate effects between periods of financial costs, net gain on sale of vessel and depreciation. The Company's definition of Adjusted EBITDA may not be the same as that used by other companies in the shipping or other industries. Adjusted net income and Adjusted earnings per share Reconciliation: Euroholdings Ltd. considers Adjusted net income to represent net income before net gain on sale of vessel. Adjusted net income and Adjusted earnings per share are included herein because we believe they assist our management and investors by increasing the comparability of the Company's fundamental performance from period to period by excluding the potentially disparate effects between periods of net gain on sale of vessel, which may significantly affect results of operations between periods. Adjusted net income and Adjusted earnings per share do not represent and should not be considered as an alternative to net income or earnings per share, as determined by GAAP. The Company's definition of Adjusted net income and Adjusted earnings per share may not be the same as that used by other companies in the shipping or other industries. Adjusted net income and Adjusted earnings per share are not adjusted for all non-cash income and expense items that are reflected in our statement of cash flows. About Euroholdings Ltd.Euroholdings Ltd. was formed on March 20, 2024, under the laws of the Republic of the Marshall Islands. The Company was incorporated by Euroseas Ltd. (NASDAQ: ESEA, or "Euroseas") to serve as the holding company of three subsidiaries that were contributed by Euroseas effective January 1, 2025. On March 17, 2025, Euroseas distributed all the shares of Euroholdings to its shareholders thereby spinning off Euroholdings. Euroholdings began trading on NASDAQ Capital Market under the ticker EHLD on March 18, 2025. Euroholdings operations and containership vessels are managed by Eurobulk Ltd., an ISO 9001:2008 and ISO 14001:2004 certified affiliated ship management company, which is responsible for the day-to-day commercial and technical management of the vessels. The Company’s product tanker is managed by Latsco Marine Management Inc., an ISO 9001:2015, ISO 14001:2015, ISO 50001:2018, ISO/IEC 27001:2022 and ISO 45001:2018 certified affiliated ship management company, which is responsible for the day-to-day commercial and technical management of the tanker vessel. The Company has a fleet of 2 Feeder container carriers with a total carrying capacity of 3,171 TEU and two medium range (MR) product tankers with capacity of 99,994 dwt on a fully delivered basis, following the delivery of M/T Hellas Fighter. Forward Looking StatementThis press release contains forward-looking statements, including as defined under U.S. federal securities laws, concerning future events. Forward-looking statements provide the Company’s current expectations or forecasts of future events. Forward-looking statements include statements about the Company’s expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts or that are not present facts or conditions. Words such as “anticipates,” “may,” “potential,” “predicts,” “projects,” “should,” "expects," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations of such words and similar expressions, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this communication. Factors that could cause actual results to differ materially include, but are not limited to, changes in the demand for containerships, competitive factors in the market in which the Company operates; risks associated with operations outside the United States; and other factors listed from time to time in the Company's filings with the Securities and Exchange Commission (the “SEC”). Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. You should, however, review the factors and risks the Company describes in the reports it files and furnishes from time to time with the SEC, which can be obtained free of charge on the SEC’s website at www.sec.gov. Visit our website www.Euroholdings.gr

ATHENS, Greece, Aug. 10, 2026 (GLOBE NEWSWIRE) -- EuroHoldings Ltd. (NASDAQ: EHLD) (“EuroHoldings” or the “Company”) an owner and operator of ocean-going vessels and provider of seaborne transportation, announced today that it will release its financial results for the second quarter ended June 30, 2026, on August 12, 2026, before market opens in New York. On the same day, Wednesday, August 12, 2026, at 10:30 a.m. Eastern Time, the Company's management will host a conference call and webcast to discuss the results. Conference Call details:Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 877 405 1226 (US Toll-Free Dial In) or +1 201 689 7823 (US and Standard International Dial In). Please quote “EuroHoldings” to the operator and/or conference ID 13762070. Click here for additional participant International Toll-Free access numbers. Alternatively, participants can register for the call using the call me option for a faster connection to join the conference call. You can enter your phone number and let the system call you right away. Click here for the call me option. Audio Webcast- Slides Presentation: There will be a live and then archived webcast of the conference call and accompanying slides, available on the Company’s website. To listen to the archived audio file, visit our website http://www.euroholdings.gr and click on Company Presentations under our Investor Relations page. Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast. The slide presentation for the second quarter ended June 30, 2026, will also be available in PDF format 10 minutes prior to the conference call and webcast, accessible on the company's website (www.euroholdings.gr) on the webcast page. Participants to the webcast can download the PDF presentation. About EuroHoldings Ltd. Euroholdings is an international shipping company specializing in seaborne transportation services. The Company was formed on March 20, 2024, under the laws of the Republic of the Marshall Islands and is listed on the Nasdaq Capital Market under the symbol EHLD. The Company has a fleet of two feeder container carriers with a total carrying capacity of 3,171 TEU and one medium range (MR) product tanker with a capacity of 49,997 dwt. The Company has agreed to acquire a medium-range (MR) product tanker vessel with capacity of 49,997 dwt, built in 2015 in South Korea, from a related party of Marla Investments Inc., the Company’s majority shareholder, not under common control. Delivery of the vessel is expected between mid-June and mid-August 2026. Visit our website www.euroholdings.gr

ATHENS, Greece, July 24, 2026 (GLOBE NEWSWIRE) -- Euroholdings Ltd (NASDAQ: EHLD, the “Company” or “Euroholdings”) announced today that the 2026 Annual Meeting of the Shareholders of the Company (the “Annual Meeting”) was duly held on July 23, 2026 and that all proposals on the agenda were approved. At the Annual Meeting, the shareholders of the Company (i) elected Panagiotis Kyriakopoulos and Christos Triantafillidis as Class B directors to serve until the 2029 annual meeting of shareholders and until their successors are elected and qualified; and (ii) ratified the appointment of Deloitte Certified Public Accountants S.A. as independent auditors for the year ending December 31, 2026. Contacts Company:Tasos Aslidis Chief Strategy Officer & TreasurerEuroholdings Ltd(908) [email protected] Investor Relations / Financial Media:Nicolas Bornozis / Markella KaraCapital Link, Inc.230 Park Avenue, Suite 1540New York, N.Y. 10169Tel: +1 (212) [email protected] About Euroholdings Ltd Euroholdings is an international shipping company specializing in seaborne transportation services. The Company was formed on March 20, 2024, under the laws of the Republic of the Marshall Islands and is listed on the Nasdaq Capital Market under the symbol EHLD. The Company has a fleet of two feeder container carriers with a total carrying capacity of 3,171 TEU and one medium range (MR) product tanker with a capacity of 49,997 dwt. The Company has agreed to acquire a medium-range (MR) product tanker vessel with capacity of 49,997 dwt, built in 2015 in South Korea, from a related party of Marla Investments Inc., the Company’s majority shareholder, not under common control. Delivery of the vessel is expected between mid-June and mid-August 2026. Forward-Looking Statements This press release contains forward-looking statements, including as defined under U.S. federal securities laws, concerning future events. Forward-looking statements provide the Company’s current expectations or forecasts of future events. Forward-looking statements include statements about the Company’s expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts or that are not present facts or conditions.  Words such as “anticipates,” “may,” “ongoing,” “potential,” “predicts,” “projects,” “should,” “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates,” and variations of such words and similar expressions, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this communication. Factors that could cause actual results to differ materially include, but are not limited to, the Company’s operating or financial results; the Company’s liquidity, including its ability to service its indebtedness; competitive factors in the market in which the Company operates; shipping industry trends, including charter rates, vessel values and factors affecting vessel supply and demand; future, pending or recent acquisitions and dispositions, business strategy, areas of possible expansion or contraction, and expected capital spending or operating expenses; risks associated with operations outside the United States; broader market impacts arising from trade disputes or war (or threatened war) or international hostilities; risks associated with pandemics, including their effects on demand for containerized cargoes and petroleum products and other cargoes transported by container carriers and product tankers and the transportation thereof; and other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission (the “SEC”). Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. You should, however, review the factors and risks the Company describes in the reports it files and furnishes from time to time with the SEC, which can be obtained free of charge on the SEC’s website at www.sec.gov.

ATHENS, Greece, May 21, 2026 (GLOBE NEWSWIRE) -- Euroholdings Ltd (NASDAQ: EHLD, the “Company” or “Euroholdings”), an owner and operator of container carriers and tanker vessels and provider of container and tanker seaborne transportation services, announced today its results for the quarter ended March 31, 2026. First Quarter 2026 Financial Highlights: Total net revenues of $7.6 million. Net income of $2.4 million; or $0.84 earnings per share basic and diluted. Adjusted net income for the period remained unchanged to $2.4 million or $0.84 per share basic and diluted. Adjusted EBITDA1 was $3.1 million. An average of 3.0 vessels were owned and operated during the first quarter of 2026 earning an average time charter equivalent rate of $28,388 per day. Declared a quarterly dividend of $0.14 per share for the first quarter of 2026, payable on or about June 16, 2026, to shareholders of record on June 9, 2026. ___________________1Adjusted EBITDA, Adjusted net income and Adjusted income per share are not recognized measurements under US GAAP (GAAP) and should not be used in isolation or as a substitute for Euroholdings financial results presented in accordance with GAAP. Refer to a subsequent section of the Press Release for the definitions and reconciliation of these measurements to the most directly comparable financial measures calculated and presented in accordance with GAAP. Recent Developments: The Company agreed to acquire a medium-range (MR) product tanker vessel with capacity of 49,997 dwt, built in 2015 in South Korea, from a related party of Marla Investments Inc., our majority shareholder, not under common control. The vessel will be purchased for a price of $39.25 million, with delivery expected between mid-June and mid-August of 2026. The transaction was approved by an independent committee consisting of disinterested directors. The Company will use own funds and debt to finance the acquisition of the vessel. Aristides Pittas, Chairman, President and CEO of Euroholdings commented: “We are pleased to report another quarter of positive results, the highest adjusted earnings per share quarterly results to-date, reaping the benefits of our shift into product tankers. Our adjusted earnings increased almost three-fold compared to a year ago and almost doubled as compared to the earnings of the fourth quarter of last year. The recent strength of the product tanker market and the charter contracts of our containership vessels bode well for our continuing profitability in the second quarter as well. “We are happy to announce today the acquisition of an additional product tanker, sister to our m/v Hellas Avatar, that will join our fleet between June 15th to August 15th. We believe, this addition will further contribute to our profitability. “We are also pleased to continue our strategy of rewarding our shareholders through substantial dividends and we are therefore declaring our fifth consecutive quarterly dividend, representing an annualized yield of approximately 6.5%.” Athina Atalioti, Chief Financial Officer of Euroholdings commented: “In first quarter of 2026, our vessels earned an average time charter equivalent rate of $28,388, this is a 79.7% increase compared to the average rate of our vessels in the same period of 2025. Our two container carriers were employed under time charters while our tanker vessel was chartered under spot voyages in the first quarter of 2026. Our net revenues increased to $7.6 million in the first quarter of 2026 compared to $2.9 million during the same period of last year as a result of operating and earning revenues from three vessels during the first quarter of 2026 compared to two for the same period of last year, as well as due to the improved charter rates mentioned above. “Total daily vessel operating expenses, including management fees, general and administrative expenses but excluding drydocking costs, averaged $9,175 per vessel per day during the first quarter of 2026 as compared to $8,511 per vessel per day for the same quarter of last year. This increase is mainly due to higher operating expenses as a result of the inflationary prices paid in the current quarter for the supply of our vessels because of the war in Iran, as compared to the same period of 2025 and the cost of running our product tanker which is slightly higher than the containerships. “Adjusted EBITDA during the first quarter of 2025 was $3.1 million versus $0.9 million in the first quarter of last year, reflecting the higher number of vessels we operated during the period. As of March 31, 2026, our outstanding debt (excluding the unamortized loan fees) was $19.6 million versus restricted and unrestricted cash of approximately $6.1 million.” First Quarter 2026 Results:For the first quarter of 2026, the Company reported total net revenues of $7.6 million representing a 166.0% increase over total net revenues of $2.9 million during the first quarter of 2025 which was the result of the increased average number of vessels operating in the first quarter of the current year and the increased average time charter equivalent rates our vessels earned in this period. The latter was the result of the increased hire earned by the product tanker that was on spot voyages. On average, 3.0 vessels were owned and operated during the first quarter of 2026 earning an average time charter equivalent rate of $28,388 per day compared to 2.1 vessels in the same period of 2025 earning on average $15,798 per day. For the first quarter of 2026, voyage expenses amounted to $1.17 million and mainly relate to expenses incurred by one of our vessels while employed under voyage charters and to owners expenses in various ports, as compared to $0.03 million in the same period of 2025 that relate to expenses incurred by one of our vessels while commencing repairs afloat. Vessel operating expenses increased to $1.9 million for the first quarter of 2026 from $1.1 million in the same period of 2025. The increase is mainly attributable to the increased average number of vessels owned and operated during the period and the inflationary prices we paid for the supply of our vessels due to the war in Iran. During the first quarter of 2026, one vessel completed its special survey with dry-dock, for a total cost of $0.8 million. During the first quarter of 2025 one of our vessels completed its intermediate survey with drydock for a total cost of $0.3 million. Vessel depreciation for the first quarter of 2026 increased to $0.5 million from $0.01 million in the first quarter of 2025, as a result of the depreciation charge for the newly acquired vessel within the fourth quarter of 2025. Related party management fees for the period were $0.3 million for the first quarter of 2026 compared to $0.2 million in the same period of 2025. This was the result of the adjustment for inflation in the daily vessel management fee, effective from January 1, 2026, for the container vessels from 850 Euros to 875 Euros per vessel. The management fee for the container vessels is paid to Eurobulk Ltd. A rate of 1,250 Euros per day is paid for the tanker vessel, further contributing to the increase of the related party management fees in the first quarter of 2026 compared to the same period of 2025, where management fees were incurred in relation to the Company’s three container vessels, including the vessel sold in January 2025 as per the management agreement. The manager for the tanker vessel is Latsco Marine Management Inc. General and administrative expenses remained unchanged at $0.3 million for both the first quarters of 2026 and 2025. On January 10, 2025, the Company signed an agreement to sell M/V Diamantis P, a 2,008 teu container carrier, built in 1998, for further trading, for approximately $13.15 million, resulting in a gain on sale of $10.23 million within the first quarter of 2025. No case of vessel sale exists within the first quarter of 2026. Interest expense during the first quarter of 2025 was nil. Interest and other financing costs for the first quarter of 2026 amounted to $0.3 million, as a result of the loan drawn down for the acquisition of M/V “Hellas Avatar” in the fourth quarter of 2025. The Company reported net income for the first quarter of 2026 of $2.4 million, as compared to net income of $11.1 million for the same period of 2025. Adjusted EBITDA for the first quarter of 2026 was $3.1 million compared to $0.9 million achieved during the first quarter of 2025. Basic and diluted earnings per share for the first quarter of 2026 was $0.84 calculated on 2,816,615 basic and diluted weighted average number of shares outstanding, compared to basic and diluted earnings per share of $3.99 for the first quarter of 2025, calculated on 2,780,855 basic and diluted weighted average number of shares outstanding. The adjusted earnings for the first quarter of 2026 remained unchanged at $0.84 per share basic and diluted compared to the earnings per share of the quarter, as no adjustment was applied. Excluding the effect on the earnings for the quarter of the gain on sale of vessel, the adjusted earnings for the quarter ended March 31, 2025, would have been $0.31 per share basic and diluted. Usually, security analysts do not include the above item in their published estimates of earnings per share. Fleet Profile: After the delivery of M/V HELLAS FIGHTER, the Euroholdings Ltd. fleet profile is as follows: Note:  (*)  TC denotes time charter. All dates listed are the earliest redelivery dates under each TC.(**)  Period to November 2026 is at the option of the charterer Summary Fleet Data: (1) Average number of vessels is the number of vessels that constituted the Company’s fleet for the relevant period, as measured by the sum of the number of calendar days each vessel was a part of the Company’s fleet during the period divided by the number of calendar days in that period. (2) Calendar days. We define calendar days as the total number of days in a period during which each vessel in our fleet was owned by us including off-hire days associated with major repairs, drydockings or special or intermediate surveys or days of vessels in lay-up, or vessels that were committed for sale. Calendar days are an indicator of the size of our fleet over a period and affect both the amount of revenues and the amount of expenses that we record during that period. (3) The scheduled off-hire days including vessels laid-up, vessels committed for sale or vessels that suffered unrepaired damages, are days associated with scheduled repairs, drydockings or special or intermediate surveys or days of vessels in lay-up, or vessels that were committed for sale. (4) Available days. We define available days as the total number of Calendar days in a period net of scheduled off-hire days as defined above. We use available days to measure the number of days in a period during which vessels were available to generate revenues. (5) Off-hire days. We define off-hire days as days associated with unscheduled repairs or other off-hire time related to the operation of the vessels, as well as days a vessel is idle without employment. (6) Voyage days. We define voyage days as the total number of days in a period during which each vessel in our fleet was in our possession net of off-hire days. We use voyage days to measure the number of days in a period during which vessels actually generate revenues or are sailing for repositioning purposes. (7) Fleet utilization. We calculate fleet utilization by dividing the number of our voyage days during a period by the number of our available days during that period. We use fleet utilization to measure a company's efficiency in finding suitable employment for its vessels and minimizing the number of days that its vessels are off-hire for reasons such as unscheduled repairs or days waiting to find employment. (8) Average time charter equivalent rate, or average TCE, is a measure of the average daily net revenue performance of our vessels. Our method of calculating average TCE is determined by dividing time charter revenue and voyage charter revenue, if any, net of voyage expenses by voyage days for the relevant time period. Voyage expenses primarily consist of port, canal and fuel costs that are unique to a particular voyage, which would otherwise be paid by the charterer under a time charter contract or are related to repositioning the vessel for the next charter. Average TCE provides additional meaningful information in conjunction with time charter revenue and voyage charter revenue, the most directly comparable GAAP measure, because it assists our management in making decisions regarding the deployment and use of our vessels and because we believe that it provides useful information to investors regarding our financial performance. Average TCE is a standard shipping industry performance measure used primarily to compare period-to-period changes in a shipping company's performance despite changes in the mix of charter types (i.e., spot voyage charters, time charters, pool agreements and bareboat charters) under which the vessels may be employed between the periods. Our definition of average TCE may not be comparable to that used by other companies in the shipping industry. (9) We calculate daily vessel operating expenses, which include crew costs, provisions, deck and engine stores, lubricating oil, insurance, maintenance and repairs and related party management fees by dividing vessel operating expenses and related party management fees by fleet calendar days for the relevant time period. Drydocking expenses are reported separately. (10) Daily general and administrative expense is calculated by us by dividing general and administrative expenses by fleet calendar days for the relevant time period. (11) Total vessel operating expenses, or TVOE, is a measure of our total expenses associated with operating our vessels. We compute TVOE as the sum of vessel operating expenses, related party management fees and general and administrative expenses; drydocking expenses are not included. Daily TVOE is calculated by dividing TVOE by fleet calendar days for the relevant time period. (12) Daily drydocking expenses are calculated by us by dividing drydocking expenses by the fleet calendar days for the relevant period. Drydocking expenses include expenses during drydockings that would have been capitalized and amortized under the deferral method. Drydocking expenses could vary substantially from period to period depending on how many vessels underwent drydocking during the period. The Company expenses drydocking expenses as incurred. Conference Call and Webcast: Today, May 21, 2026 at 12:00 p.m. Eastern Time, the Company's management will host a conference call and webcast to discuss the results. Conference Call details:Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 877 405 1226 (US Toll-Free Dial In) or +1 201 689 7823 (US and Standard International Dial In). Please quote “EuroHoldings” to the operator and/or conference ID 13760748. Click here for additional participant International Toll-Free access numbers. Alternatively, participants can register for the call using the call me option for a faster connection to join the conference call. You can enter your phone number and let the system call you right away. Click here for the call me option. Audio Webcast- Slides Presentation:There will be a live and then archived webcast of the conference call and accompanying slides, available on the Company’s website. To listen to the archived audio file, visit our website http://www.euroholdings.gr and click on Company Presentations under our Investor Relations page. Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast. The slide presentation for the first quarter ended March 31, 2026, will also be available in PDF format 10 minutes prior to the conference call and webcast, accessible on the company's website (www.euroholdings.gr) on the webcast page. Participants to the webcast can download the PDF presentation. Adjusted EBITDA Reconciliation:Euroholdings Ltd. considers Adjusted EBITDA to represent net income before interest and other financing costs (net of interest income), income taxes, depreciation and gain on sale of vessel. Adjusted EBITDA does not represent and should not be considered as an alternative to net income, as determined by United States generally accepted accounting principles, or GAAP. Adjusted EBITDA is included herein because it is a basis upon which the Company assesses its financial performance and because the Company believes that this non-GAAP financial measure assists our management and investors by increasing the comparability of our performance from period to period by excluding the potentially disparate effects between periods of financial costs, gain on sale of vessel and depreciation. The Company's definition of Adjusted EBITDA may not be the same as that used by other companies in the shipping or other industries. Adjusted net income and Adjusted net earnings per share Reconciliation: Euroholdings Ltd. considers Adjusted net income to represent net income before gain on sale of vessel. Adjusted net income and Adjusted earnings per share are included herein because we believe they assist our management and investors by increasing the comparability of the Company's fundamental performance from period to period by excluding the potentially disparate effects between periods of gain on sale of vessel, which items may significantly affect results of operations between periods. Adjusted net income and Adjusted earnings per share do not represent and should not be considered as an alternative to net income or earnings per share, as determined by GAAP, The Company's definition of Adjusted net income and Adjusted earnings per share may not be the same as that used by other companies in the shipping or other industries. Adjusted net income and Adjusted earnings per share are not adjusted for all non-cash income and expense items that are reflected in our statement of cash flows. About Euroholdings Ltd.Euroholdings Ltd. was formed on March 20, 2024, under the laws of the Republic of the Marshall Islands. The Company was incorporated by Euroseas Ltd. (NASDAQ: ESEA, or "Euroseas") to serve as the holding company of three subsidiaries that were contributed by Euroseas effective January 1,2025. On March 17, 2025, Euroseas distributed all the shares of Euroholdings to its shareholders thereby spinning off Euroholdings. Euroholdings began trading on NASDAQ Capital Market under the ticker EHLD on March 17, 2025. Euroholdings operations and containership vessels are managed by Eurobulk Ltd., an ISO 9001:2008 and ISO 14001:2004 certified affiliated ship management company, which is responsible for the day-to-day commercial and technical management of the vessels. The Company’s product tanker is managed by Latsco Marine Management Inc., an ISO 9001:2015, ISO 14001:2015, ISO 50001:2018, ISO/IEC 27001:2022 and ISO 45001:2018 certified affiliated ship management company, which is responsible for the day-to-day commercial and technical management of the tanker vessel. The Company has a fleet of 2 Feeder container carriers with a total carrying capacity of 3,171 TEU and a medium range (MR) product tanker with capacity of 49,997 dwt. Forward Looking StatementThis press release contains forward-looking statements, including as defined under U.S. federal securities laws, concerning future events. Forward-looking statements provide the Company’s current expectations or forecasts of future events. Forward-looking statements include statements about the Company’s expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts or that are not present facts or conditions. Words such as “anticipates,” “may,” “potential,” “predicts,” “projects,” “should,” "expects," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations of such words and similar expressions, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this communication. Factors that could cause actual results to differ materially include, but are not limited to, changes in the demand for containerships, competitive factors in the market in which the Company operates; risks associated with operations outside the United States; and other factors listed from time to time in the Company's filings with the Securities and Exchange Commission (the “SEC”). Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. You should, however, review the factors and risks the Company describes in the reports it files and furnishes from time to time with the SEC, which can be obtained free of charge on the SEC’s website at www.sec.gov. Visit our website www.Euroholdings.gr

ATHENS, Greece, May 19, 2026 (GLOBE NEWSWIRE) -- EuroHoldings Ltd. (NASDAQ: EHLD) (“EuroHoldings” or the “Company”) an owner and operator of ocean-going vessels and provider of seaborne transportation, announced today that it will release its financial results for the first quarter ended March 31, 2026, on May 21, 2026 before market opens in New York. On the same day, Thursday, May 21, 2026, at 12 p.m. Eastern Time, the Company's management will host a conference call and webcast to discuss the results. Conference Call details:Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 877 405 1226 (US Toll-Free Dial In) or +1 201 689 7823 (US and Standard International Dial In). Please quote “EuroHoldings” to the operator and/or conference ID 13760748. Click here for additional participant International Toll-Free access numbers. Alternatively, participants can register for the call using the call me option for a faster connection to join the conference call. You can enter your phone number and let the system call you right away. Click here for the call me option. Audio Webcast- Slides Presentation:There will be a live and then archived webcast of the conference call and accompanying slides, available on the Company’s website. To listen to the archived audio file, visit our website http://www.euroholdings.gr and click on Company Presentations under our Investor Relations page. Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast. The slide presentation for the first quarter ended March 31, 2026, will also be available in PDF format 10 minutes prior to the conference call and webcast, accessible on the company's website (www.euroholdings.gr) on the webcast page. Participants to the webcast can download the PDF presentation. About EuroHoldings Ltd. Euroholdings Ltd. was formed on March 20, 2024, under the laws of the Republic of the Marshall Islands. The Company was incorporated by Euroseas Ltd. (NASDAQ: ESEA, or "Euroseas") to serve as the holding company of three subsidiaries that were contributed by Euroseas effective January 1,2025. On March 17, 2025, Euroseas distributed all the shares of Euroholdings to its shareholders thereby spinning off Euroholdings. Euroholdings began trading on NASDAQ Capital Market under the ticker EHLD on March 17, 2025. Euroholdings operates in the container shipping market. Euroholdings' operations are managed by Eurobulk Ltd., an ISO 9001:2008 and ISO 14001:2004 certified affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. Euroholdings employs its vessels on period charters. The Company has a fleet of 2 Feeder container carriers with a total carrying capacity of 3,171 TEU and a medium range (MR) product tanker with capacity of 49,997 dwt. Visit our website www.euroholdings.gr

ATHENS, Greece, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Euroholdings Ltd (NASDAQ: EHLD, the “Company” or “Euroholdings”), an owner and operator of container carrier and tanker vessels and provider of container and tanker seaborne transportation services, announced today its results for the three and twelve-month periods ended December 31, 2025. The Company was incorporated by Euroseas Ltd. (NASDAQ: ESEA, or "Euroseas") to serve as the holding company of three subsidiaries that were contributed by Euroseas to Euroholdings effective January 1, 2025; Euroseas spun-off Euroholdings on March 17, 2025, which has since been operated as an independent company. The results below refer to Euroholdings and its subsidiaries for the periods presented. Historical comparative periods reflect the results of the carve-out operations of the three vessels that were contributed to the Company. Fourth Quarter 2025 Financial Highlights: Total net revenues of $4.5 million. Net income of $1.3 million or $0.45 earnings per share basic and diluted. Adjusted net income1 for the period remained unchanged at $1.3 million or $0.45 per share basic and diluted. Adjusted EBITDA1 was $1.6 million. An average of 2.5 vessels were owned and operated during the fourth quarter of 2025 earning an average time charter equivalent rate of $18,778 per day. Declared a quarterly dividend of $0.14 per share for the fourth quarter of 2025, as in previous quarters, which is payable on or about March 17, 2026, to shareholders of record on March 10, 2026. Twelve Months 2025 Financial Highlights: Total net revenues of $13.2 million. Net income of $14.7 million or $5.25 earnings per share basic and diluted. Adjusted net income1 for the period was $4.5 million or $1.60 per share basic and diluted. Adjusted EBITDA1 was $4.7 million. An average of 2.2 vessels were owned and operated during the twelve months of 2025 earning an average time charter equivalent rate of $16,986 per day. _________________ 1Adjusted EBITDA, Adjusted net (loss) / income and Adjusted (loss) / income per share are not recognized measurements under US GAAP (GAAP) and should not be used in isolation or as a substitute for Euroholdings financial results presented in accordance with GAAP. Refer to a subsequent section of the Press Release for the definitions and reconciliation of these measurements to the most directly comparable financial measures calculated and presented in accordance with GAAP. Recent developments: On November 18, 2025, M/T Hellas Avatar, a medium-range (MR) product tanker vessel with capacity of 49,997 dwt, built in 2015 in South Korea, was delivered to the Company. The vessel was purchased for a price of $31.83 million from an affiliated party. An independent committee of disinterested directors was formed to evaluate and approve the transaction. A loan of $20.0 million was drawn from Piraeus Bank S.A. to partly finance the acquisition of the vessel. Aristides Pittas, Chairman, President and CEO of Euroholdings, commented: “One more time, we are pleased to report solid results for the fourth quarter of 2025, consistent with our performance in the previous quarters. Our elder containerships are contracted out until the end of this year on profitable charters making significant cash flow contributions, with the potential for at least one of them, and possibly both, to be re-chartered for additional periods if market conditions would allow it. “In line with our strategic repositioning, in November 2025, we completed the acquisition of a 2015-built medium-range product tanker marking an important step in the re-focusing of our investments in the product tanker sector. We plan to further strengthen and grow our fleet in this sector through the purchase of an additional modern medium-range product tanker in the very near future. “Furthermore, we are pleased to declare our fourth quarterly dividend, representing an annualized yield of approximately 8%, supported by the strong earnings generated from our existing fleet. We remain firmly committed to positioning Euroholdings as a leading publicly listed owner and operator in the product tankers sector which we believe offers compelling structural fundamentals and growing relevance across both the global energy landscape and the capital markets. Through disciplined expansion and operational excellence, we aim to strengthen our competitive position, broaden our market presence, and establish a scalable platform for sustained expansion.” Athina Atalioti, Chief Financial Officer of Euroholdings, commented: “Comparing our results for the fourth quarter of 2025 with the same period of 2024, our net revenues increased by about $0.9 million, due to the increased time charter equivalent rates our vessels earned in the fourth quarter of 2025 as compared to the fourth quarter of 2024. On a per-vessel-per-day basis, our vessels earned an average time charter equivalent rate of $18,778, 17.5% higher compared to $15,982 average time charter equivalent rate for the same period of 2024. In the fourth quarter of 2025, the Company owned and operated 2.5 vessels on average as compared to 3.0 vessels for the same period of 2024. “Total daily vessel operating expenses, including management fees, general and administrative expenses but excluding drydocking costs, averaged $8,372 per vessel per day during the fourth quarter of 2025 as compared to $8,088 per vessel per day for the same quarter of last year. This increase is mainly due to higher daily general and administrative expenses as a result of the fewer vessels we owned during the period as compared to the same period of 2024. “Adjusted EBITDA1 during the fourth quarter of 2025 was $1.6 million versus $(0.9) million in the fourth quarter of last year.” Fourth Quarter 2025 Results: For the fourth quarter of 2025, the Company reported total net revenues of $4.5 million representing a 24.9% increase over total net revenues of $3.6 million during the fourth quarter of 2024. On average, 2.5 vessels were owned and operated during the fourth quarter of 2025 earning an average time charter equivalent rate of $18,778 per day compared to 3.0 vessels in the same period of 2024 earning on average $15,982 per day. For the fourth quarter of 2025, voyage expenses amounted to $0.7 million and mainly relate to expenses incurred by one of our vessels while employed under a voyage charter, as compared to $0.1 million in the same period of 2024 which mainly included owners’ expenses in various ports. Vessel operating expenses decreased to $1.4 million for the fourth quarter of 2025 from $1.8 million in the same period of 2024. The decrease is mainly attributable to the decreased average number of vessels owned and operated during the recent period. During the fourth quarter of 2025, one vessel commenced her special survey with dry-dock to complete it during the first quarter of 2026, for a total cost of $0.3 million. During the fourth quarter of 2024 two of our vessels completed their special survey with drydock for a total cost of $2.2 million. Vessel depreciation for the fourth quarter of 2025 increased to $0.25 million from $0.01 million in the fourth quarter of 2024, as a result of the depreciation charge for the newly acquired vessel within the fourth quarter of 2025. Related party management fees for the period were $0.3 million for the fourth quarter of 2025 as compared to $0.2 million for the same period of 2024. This was the result of the adjustment for inflation in the daily vessel management fee, effective from January 1, 2025 for the container vessels from 810 Euros to 840 Euros per vessel per day and the unfavorable movement of the euro/dollar exchange rate during the period. The management fee for the container vessels is paid to Eurobulk Ltd. A rate of 1,250 Euros per day is paid for the tanker vessel. The manager for the tanker vessel is Latsco Marine Management Inc. General and administrative expenses remained unchanged at $0.2 million for both the fourth quarters of 2025 and 2024. Interest and finance cost increased to $0.1 million in the fourth quarter of 2025 compared to nil for the same period of 2024. This was the result of the loan drawn down for the acquisition of M/V “Hellas Avatar” in the fourth quarter of 2025. Interest income increased to $0.1 million for the fourth quarter of 2025 compared to nil in the same period of 2024. The increase in interest income is attributable to higher cash balances maintained during the fourth quarter of 2025 compared to the corresponding period in 2024. The Company reported net income for the fourth quarter of 2025 of $1.3 million, as compared to net loss of $0.9 million for the same period of 2024. Adjusted EBITDA1 for the fourth quarter of 2025 was $1.6 million compared to $(0.9) million achieved during the fourth quarter of 2024. Basic and diluted earnings per share for the fourth quarter of 2025 was $0.45 calculated on 2,816,615 basic and diluted weighted average number of shares outstanding, compared to basic and diluted loss per share of $0.34 for the fourth quarter of 2024, calculated on 2,780,855 basic and diluted weighted average number of shares outstanding. The adjusted earnings for the quarter ended December 31, 2025, increased to $0.45 per share basic and diluted compared to adjusted loss of $0.34 per share basic and diluted for the quarter ended December 31, 2024. Twelve Months 2025 Results: For the twelve months of 2025, the Company reported total net revenues of $13.2 million representing a 15.4% decrease over total net revenues of $15.6 million during the twelve months of 2024, which was the result of the lower average numbers of vessels operated during 2025 compared to the same period of 2024. On average, 2.2 vessels were owned and operated during 2025 earning an average time charter equivalent rate of $16,986 per day compared to 3.0 vessels in the same period of 2024 earning on average $15,025 per day. In 2025, voyage expenses were $0.8 million and mainly relate to owners’ expenses in various ports and expenses incurred by one of our vessels while employed under a voyage charter. For the same period of 2024, voyage expenses were $1.0 million and relate to vessels repositioning between charters, expenses incurred by one of our vessels while employed under a voyage charter and expenses during operational off-hire and scheduled off-hire time. Vessel operating expenses were $4.7 million for 2025 as compared to $6.4 million for 2024. The decrease is mainly attributable to the lower number of vessels operating in 2025 compared to the corresponding period in 2024. Related party management fees for 2025 decreased to $0.9 million from $1.0 million for the same period of 2024 due to the lower number of vessels operating in 2025 partly offset by the adjustment for inflation in the daily vessel management fee of the container vessels, effective from January 1, 2025, increasing it from 810 Euros to 840 Euros, the unfavorable movement of the euro/dollar exchange rate during the period and the rate of 1,250 Euros per day paid for the tanker vessel. General and administrative expenses for 2025 were $1.5 million compared to $0.8 million for the same period of 2024. The increased general and administrative expenses reflect mainly expenses related to the Company being public, including the compensation expense recognized due to accelerated vesting of share-based awards upon the change of control. During 2025 one of our vessels completed its intermediate survey and another one entered dry-dock in order to pass its special survey that was completed in 2026, for a total cost of $0.6 million. During 2024 two of our vessels passed their special survey for a total cost of $2.6 million. Vessel depreciation for 2024 was $0.04 million as a result of the fact that two of the three vessels of the Company were fully depreciated during 2023 while the last one was fully depreciated in the first semester of 2024. Vessel depreciation for 2025 was $0.3 million as a result of the depreciation charge for the newly acquired vessel within the fourth quarter of 2025. On January 10, 2025, the Company signed an agreement to sell M/V Diamantis P, a 2,008 teu container carrier, built in 1998, for further trading, for approximately $13.2 million, resulting in a gain on sale of $10.2 million. Interest and other financing costs for 2025 were $0.1 million as a result of the loan drawn down for the acquisition of M/V “Hellas Avatar” in the fourth quarter of 2025. For the same period of 2024 interest and other financing costs amounted to $0.1 million interest being incurred on the Company’s bank debt prior to it being fully repaid in March 2024. Interest income increased to $0.2 million in 2025, compared to nil in the same period of 2024. The increase in interest income is attributable to higher cash balances maintained during 2025 compared to the corresponding period in 2024. The Company reported net income for the period of $14.7 million, as compared to net income of $3.8 million, in 2024. Adjusted EBITDA1 for 2025 was $4.7 million compared to $3.9 million achieved during 2024. Basic and diluted earnings per share for 2025 was $5.25, calculated on 2,799,666 basic and diluted weighted average number of shares outstanding compared to earnings per share of $1.36, calculated on 2,780,855 basic and diluted weighted average number of shares outstanding for the year 2024. Excluding the effect on the earnings of the gain on sale of vessel, the adjusted earnings for the year ended December 31, 2025, would have been $1.60 per share basic and diluted, compared to adjusted earnings of $1.36 per share basic and diluted, for the year ended December 31, 2024. Usually, security analysts do not include the above item in their published estimates of earnings per share. Fleet Profile: Euroholdings Ltd. fleet profile is as follows: Note: (*) TC denotes time charter. All dates listed are the earliest redelivery dates under each TC. (**) Period to November 2026 is at the option of the charterer. Summary Fleet Data: (1) Average number of vessels is the number of vessels that constituted the Company’s fleet for the relevant period, as measured by the sum of the number of calendar days each vessel was a part of the Company’s fleet during the period divided by the number of calendar days in that period. (2) Calendar days. We define calendar days as the total number of days in a period during which each vessel in our fleet was owned by us including off-hire days associated with major repairs, drydockings or special or intermediate surveys or days of vessels in lay-up. Calendar days are an indicator of the size of our fleet over a period and affect both the amount of revenues and the amount of expenses that we record during that period. (3) The scheduled off-hire days including vessels laid-up, vessels committed for sale or vessels that suffered unrepaired damages, are days associated with scheduled repairs, drydockings or special or intermediate surveys or days of vessels in lay-up, or vessels that were committed for sale or suffered unrepaired damages. (4) Available days. We define available days as the total number of Calendar days in a period net of scheduled off-hire days as defined above. We use available days to measure the number of days in a period during which vessels were available to generate revenues. (5) Commercial off-hire days. We define commercial off-hire days as days a vessel is idle without employment. (6) Operational off-hire days. We define operational off-hire days as days associated with unscheduled repairs or other off-hire time related to the operation of the vessels. (7) Voyage days. We define voyage days as the total number of days in a period during which each vessel in our fleet was in our possession net of commercial and operational off-hire days. We use voyage days to measure the number of days in a period during which vessels actually generate revenues or are sailing for repositioning purposes. (8) Fleet utilization. We calculate fleet utilization by dividing the number of our voyage days during a period by the number of our available days during that period. We use fleet utilization to measure a company's efficiency in finding suitable employment for its vessels and minimizing the number of days that its vessels are off-hire for reasons such as unscheduled repairs or days waiting to find employment. (9) Fleet utilization, commercial. We calculate commercial fleet utilization by dividing our available days net of commercial off-hire days during a period by our available days during that period. (10) Fleet utilization, operational. We calculate operational fleet utilization by dividing our available days net of operational off-hire days during a period by our available days during that period. (11) Average time charter equivalent rate, or average TCE, is a measure of the average daily net revenue performance of our vessels. Our method of calculating average TCE is determined by dividing time charter revenue and voyage charter revenue, if any, net of voyage expenses by voyage days for the relevant time period. Voyage expenses primarily consist of port, canal and fuel costs that are unique to a particular voyage, which would otherwise be paid by the charterer under a time charter contract or are related to repositioning the vessel for the next charter. Average TCE provides additional meaningful information in conjunction with time charter revenue and voyage charter revenue, the most directly comparable GAAP measure, because it assists our management in making decisions regarding the deployment and use of our vessels and because we believe that it provides useful information to investors regarding our financial performance. Average TCE is a standard shipping industry performance measure used primarily to compare period-to-period changes in a shipping company's performance despite changes in the mix of charter types (i.e., spot voyage charters, time charters, pool agreements and bareboat charters) under which the vessels may be employed between the periods. Our definition of average TCE may not be comparable to that used by other companies in the shipping industry. (12) We calculate daily vessel operating expenses, which include crew costs, provisions, deck and engine stores, lubricating oil, insurance, maintenance and repairs and related party management fees by dividing vessel operating expenses and related party management fees by fleet calendar days for the relevant time period. Drydocking expenses are reported separately. (13) Daily general and administrative expense is calculated by us by dividing general and administrative expenses by fleet calendar days for the relevant time period. (14) Total vessel operating expenses, or TVOE, is a measure of our total expenses associated with operating our vessels. We compute TVOE as the sum of vessel operating expenses, related party management fees and general and administrative expenses; drydocking expenses are not included. Daily TVOE is calculated by dividing TVOE by fleet calendar days for the relevant time period. (15) Daily drydocking expenses is calculated by us by dividing drydocking expenses by the fleet calendar days for the relevant period. Drydocking expenses include expenses during drydockings that would have been capitalized and amortized under the deferral method. Drydocking expenses could vary substantially from period to period depending on how many vessels underwent drydocking during the period. The Company expenses drydocking expenses as incurred. Conference Call and Webcast: Tomorrow, February 25, 2026 at 09:00 a.m. Eastern Time, the Company's management will host a conference call and webcast to discuss the results. Conference Call details: Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 877 405 1226 (US Toll-Free Dial In) or +1 201 689 7823 (US and Standard International Dial In). Please quote “EuroHoldings” to the operator and/or conference ID 13758898. Click here for additional participant International Toll-Free access numbers. Alternatively, participants can register for the call using the call me option for a faster connection to join the conference call. You can enter your phone number and let the system call you right away. Click here for the call me option. Audio Webcast- Slides Presentation: There will be a live and then archived webcast of the conference call and accompanying slides, available on the Company’s website. To listen to the archived audio file, visit our website http://www.euroholdings.gr and click on Company Presentations under our Investor Relations page. Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast. The slide presentation for the fourth quarter ended December 31, 2025, will also be available in PDF format 10 minutes prior to the conference call and webcast, accessible on the company's website (www.euroholdings.gr) on the webcast page. Participants to the webcast can download the PDF presentation. Adjusted EBITDA1 Reconciliation: Euroholdings Ltd. considers Adjusted EBITDA to represent net (loss) / income before interest and other financing costs, income taxes, depreciation and gain on sale of vessel. Adjusted EBITDA does not represent and should not be considered as an alternative to net income, as determined by United States generally accepted accounting principles, or GAAP. Adjusted EBITDA is included herein because as a supplemental basis upon which the Company assesses its financial performance and because the Company believes that this non-GAAP financial measure assists our management and investors by increasing the comparability of our performance from period to period by excluding the potentially disparate effects between periods of financial costs, gain on sale of vessel and depreciation. The Company's definition of Adjusted EBITDA may not be the same as that used by other companies in shipping or other industries. Adjusted net (loss) / income1 and Adjusted (loss) / earnings per share Reconciliation: Euroholdings Ltd. considers Adjusted net (loss) / income to represent net (loss) / income before gain on sale of vessel. Adjusted net (loss) / income and Adjusted (loss) / earnings per share are included herein because we believe they assist our management and investors by increasing the comparability of the Company's fundamental performance from period to period by increasing the comparability of the Company's fundamental performance from period to period by excluding the potentially disparate effects between periods of gain on sale of vessel, which may significantly affect results of operations between periods. Adjusted net (loss) / income and Adjusted (loss) / earnings per share do not represent and should not be considered as an alternative to net (loss) / income or earnings per share, as determined by GAAP, The Company's definition of Adjusted net (loss) / income and Adjusted (loss) / earnings per share may not be the same as that used by other companies in the shipping or other industries. Adjusted net (loss) / income and Adjusted (loss) / earnings per share are not adjusted for all non-cash income and expense items that are reflected in our statement of cash flows. About Euroholdings Ltd. Euroholdings Ltd. was formed on March 20, 2024, under the laws of the Republic of the Marshall Islands. The Company was incorporated by Euroseas Ltd. (NASDAQ: ESEA, or "Euroseas") to serve as the holding company of three subsidiaries that were contributed by Euroseas effective January 1, 2025. On March 17, 2025, Euroseas distributed all the shares of Euroholdings to its shareholders thereby spinning off Euroholdings. Euroholdings began trading on NASDAQ Capital Market under the ticker EHLD on March 18, 2025. Euroholdings operates in the container shipping market. Euroholdings' operations are managed by Eurobulk Ltd., an ISO 9001:2008 and ISO 14001:2004 certified affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. Euroholdings employs its vessels on period charters. The Company has a fleet of 2 Feeder container carriers with a total carrying capacity of 3,171 TEU and a medium range (MR) product tanker with capacity of 49,997 dwt. Forward Looking Statement This press release contains forward-looking statements, including as defined under U.S. federal securities laws, concerning future events. Forward-looking statements provide the Company’s current expectations or forecasts of future events. Forward-looking statements include statements about the Company’s expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts or that are not present facts or conditions. Words such as “anticipates,” “may,” “potential,” “predicts,” “projects,” “should,” "expects," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations of such words and similar expressions, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this communication. Factors that could cause actual results to differ materially include, but are not limited to, changes in the demand for containerships, competitive factors in the market in which the Company operates; risks associated with operations outside the United States; and other factors listed from time to time in the Company's filings with the Securities and Exchange Commission (the “SEC”). Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. You should, however, review the factors and risks the Company describes in the reports it files and furnishes from time to time with the SEC, which can be obtained free of charge on the SEC’s website at www.sec.gov. Visit our website www.Euroholdings.gr

ATHENS, Greece, Feb. 19, 2026 (GLOBE NEWSWIRE) -- EuroHoldings Ltd. (NASDAQ: EHLD) (“EuroHoldings” or the “Company”) an owner and operator of ocean-going vessels and provider of seaborne transportation, announced today that it will release its financial results for the fourth quarter ended December 31, 2025, on Tuesday, February 24, 2026 after market closes in New York. On the next day, Wednesday, February 25, 2026, at 9:00 a.m. Eastern Time, the Company's management will host a conference call and webcast to discuss the results. Conference Call details: Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 877 405 1226 (US Toll-Free Dial In) or +1 201 689 7823 (US and Standard International Dial In). Please quote “EuroHoldings” to the operator and/or conference ID 13758898. Click here for additional participant International Toll-Free access numbers. Alternatively, participants can register for the call using the call me option for a faster connection to join the conference call. You can enter your phone number and let the system call you right away. Click here for the call me option. Audio Webcast- Slides Presentation: There will be a live and then archived webcast of the conference call and accompanying slides, available on the Company’s website. To listen to the archived audio file, visit our website http://www.euroholdings.gr and click on Company Presentations under our Investor Relations page. Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast. The slide presentation for the fourth quarter ended December 31, 2025, will also be available in PDF format 10 minutes prior to the conference call and webcast, accessible on the company's website (www.euroholdings.gr) on the webcast page. Participants to the webcast can download the PDF presentation. About EuroHoldings Ltd. EuroHoldings Ltd. was incorporated on March 20, 2024 under the laws of the Republic of the Marshall Islands by Euroseas Ltd. (NASDAQ: ESEA) to serve as the holding company of three of its vessel-owning subsidiaries that were contributed by Euroseas effective January 1, 2025. On March 17, 2025, Euroseas distributed all the shares of Euroholdings to its shareholders thereby spinning off Euroholdings. Euroholdings began trading on NASDAQ Capital Market under the ticker EHLD on March 18, 2025. EuroHoldings Ltd. is a provider of worldwide ocean-going transportation services. The Company has a fleet of two feeder containership vessels with a cargo capacity of 40,882 dwt, or 3,171 teu and a product tanker with cargo capacity of 49,997 dwt for a total fleet of 3 vessels with a total carrying capacity of 90,879 dwt. The Company’s operations and containership vessels are managed by Eurobulk Ltd., an ISO 9001:2008 and ISO 14001:2004 certified affiliated ship management company, which is responsible for the day-to-day commercial and technical management of the vessels. The Company’s product tanker is managed by Latsco Marine Management Inc., an ISO 9001:2015, ISO 14001:2015, ISO 50001:2018, ISO/IEC 27001:2022 and ISO 45001:2018 certified affiliated ship management company, which is responsible for the day-to-day commercial and technical management of the tanker vessel. Visit our website www.euroholdings.gr

ATHENS, Greece, Nov. 17, 2025 (GLOBE NEWSWIRE) -- Euroholdings Ltd (NASDAQ: EHLD, the “Company” or “Euroholdings”), an owner and operator of container carrier vessels and provider of seaborne transportation for containerized cargoes, announced today its results for the three and nine-month periods ended September 30, 2025. The Company was incorporated by Euroseas Ltd. (NASDAQ: ESEA, or "Euroseas") to serve as the holding company of three subsidiaries that were contributed by Euroseas to Euroholdings effective January 1, 2025; Euroseas spun-off Euroholdings on March 17, 2025, which has since been operated as an independent company. The results below refer to Euroholdings and its subsidiaries for the periods presented. Historical comparative periods reflect the results of the carve-out operations of the three vessels that were contributed to the Company. Third Quarter 2025 Financial Highlights: Total net revenues of $3.0 million. Net income of $1.5 million or $0.55 earnings per share basic and diluted. Adjusted net income for the period remained unchanged at $1.5 million or $0.55 per share basic and diluted. Adjusted EBITDA1 was $1.4 million. An average of 2.0 vessels were owned and operated during the third quarter of 2025 earning an average time charter equivalent rate of $16,580 per day. Declared a quarterly dividend of $0.14 per share for the third quarter of 2025, as in previous quarters, which is payable on or about December 16, 2025, to shareholders of record on December 9, 2025. Nine Months 2025 Financial Highlights: Total net revenues of $8.7 million. Net income of $13.4 million or $4.81 earnings per share basic and diluted. Adjusted net income for the period was $3.2 million or $1.15 per share basic and diluted. Adjusted EBITDA1 was $3.1 million. An average of 2.1 vessels were owned and operated during the first nine months of 2025 earning an average time charter equivalent rate of $16,298 per day. Recent developments: As previously announced, on November 3, 2025, the Company signed a Memorandum of Agreement to acquire a medium-range (MR) product tanker vessel with capacity of 49,997 dwt, built in 2015 in South Korea, from an affiliated party. The vessel will be purchased for a price of $31.83 million, with delivery expected in mid-November 2025. An independent committee of disinterested directors was formed to evaluate and approve the transaction. On November 14, 2025, the Company signed a loan agreement with Piraeus Bank S.A. for $20.0 million to partly finance the acquisition of the vessel. Aristides Pittas, Chaiman, President and CEO of Euroholdings commented: “We are pleased to report the results for the third quarter of 2025 which were much improved as compared to the previous one. We are also happy to declare the third quarterly dividend representing an annualized yield of about 8% on the strength of the earnings generated from our current containership vessels. “In June 2025, we announced a change in our shareholder base which resulted in Marla Investments Inc., a company associated with the Latsis family of Greece, acquiring about 51% of the Company with the Pittas family remaining a large shareholder as well. Subsequently, our Board of Directors decided to focus our growth in the tanker sector and, initially, the medium range (“MR”) product tankers. The first step of this new strategic direction is taking place with the acquisition of M/V Hellas Avatar, a 49,997dwt modern product tanker built in 2015, that we announced on November 5, 2025. “While our two elder containerships continue to generate earnings and positive cash flow, we are evaluating our next step in the tanker sector. We remain committed to growing Euroholdings into a premier publicly-listed owner and operator in a sector which we believe offers significant market opportunities and increased visibility in the energy and public markets.” Athina Atalioti, Chief Financial Officer of Euroholdings commented: “In the third quarter of 2025, on a per-vessel-per-day basis, our vessels earned an average charter rate of $16,580, 17.7% higher compared to $14,087 average charter rate for the same period of 2024. Our net revenues decreased to $3.0 million in the third quarter of 2025 compared to $4.2 million during the same period of last year as a result of two vessels operating and earning revenues during the third quarter of 2025 compared to three for the same period of last year. “Total daily vessel operating expenses, including management fees, general and administrative expenses but excluding drydocking costs, averaged $7,902 per vessel per day during the third quarter of 2025 as compared to $7,431 per vessel per day for the same quarter of last year. This increase is mainly due to higher general and administrative expenses per vessel as a result of the spin-off costs and costs related to the company being public and fewer vessels we owned during the period as compared to the same period of 2024. “Adjusted EBITDA during the third quarter of 2025 was $1.4 million versus $1.0 million in the third quarter of last year.” Third Quarter 2025 Results: For the third quarter of 2025, the Company reported total net revenues of $3.0 million representing a 29.4% decrease over total net revenues of $4.2 million during the third quarter of 2024 which was the result of the decreased average number of vessels operating in the third quarter of the current year. On average, 2.0 vessels were owned and operated during the third quarter of 2025 earning an average time charter equivalent rate of $16,580 per day compared to 3.0 vessels in the same period of 2024 earning on average $14,087 per day. For the third quarter of 2025, voyage expenses amounted to $0.03 million and mainly relate to owners’ expenses in various ports, as compared to $0.7 million in the same period of 2024 mainly including owners expenses while one of our vessels was repositioning in order to pass her special survey with drydock. Vessel operating expenses decreased to $1.1 million for the third quarter of 2025 from $1.5 million in the same period of 2024. The decrease is mainly attributable to the decreased average number of vessels owned and operated during the period. Related party management fees for the period were $0.2 million for the third quarters of 2025 and 2024. General and administrative expenses remained unchanged at $0.2 million for both the third quarters of 2025 and 2024. Interest income increased to $0.1 million for the third quarter of 2025 compared to nil in the same period of 2024. The increase in interest income is attributable to higher cash balances maintained during the third quarter of 2025 compared to the corresponding period in 2024. The Company reported net income for the third quarter of 2025 of $1.5 million, as compared to net income of $1.0 million for the same period of 2024. Adjusted EBITDA for the third quarter of 2025 was $1.4 million compared to $1.0 million achieved during the third quarter of 2024. Basic and diluted earnings per share for the third quarter of 2025 was $0.55 calculated on 2,816,615 basic and diluted weighted average number of shares outstanding, compared to basic and diluted earnings per share of $0.34 for the third quarter of 2024, calculated on 2,780,855 basic and diluted weighted average number of shares outstanding. The adjusted net earnings for the quarter ended September 30, 2025, increased to $0.55 per share basic and diluted compared to adjusted net earnings of $0.34 per share basic and diluted for the quarter ended September 30, 2024. Nine Months 2025 Results: For the first nine months of 2025, the Company reported total net revenues of $8.7 million representing a 27.4% decrease over total net revenues of $12.1 million during the first nine months of 2024, which was the result of the lower average numbers of vessels operated during the first nine months of 2025 compared to the same period of 2024. On average, 2.1 vessels were owned and operated during the first nine months of 2025 earning an average time charter equivalent rate of $16,298 per day compared to 3.0 vessels in the same period of 2024 earning on average $14,760 per day. For the first nine months of 2025, voyage expenses were $0.1 million and mainly relate to owners’ expenses in various ports. For the same period of 2024, voyage expenses were $0.9 million and relate to vessels repositioning between charters and expenses during operational off-hire and scheduled off-hire time. Vessel operating expenses were $3.3 million for the first nine months of 2025 as compared to $4.6 million for the first nine months of 2024. The decrease is mainly attributable to the lower number of vessels operating in the first nine months of 2025 compared to the corresponding period in 2024, partly offset by the cost of the repairs performed on M/V Diamantis P prior to its sale. Related party management fees for the first nine months of 2025 decreased to $0.6 million from $0.7 million for the same period of 2024 due to the lower number of vessels operating in 2025 partly offset by the adjustment for inflation in the daily vessel management fee, effective from January 1, 2025, increasing it from 810 Euros to 840 Euros, and the unfavorable movement of the euro/dollar exchange rate during the period. General and administrative expenses for the first nine months of 2025 were $1.2 million compared to $0.6 million for the same period of 2024. The increased general and administrative expenses reflect mainly expenses related to the Company being public, including the compensation expense recognized due to accelerated vesting of share-based awards upon a change of control. During the first nine months of 2025 one of our vessels completed its intermediate survey for a total cost of $0.4 million. During the first nine months of 2024 one of our vessels was drydocked in order to pass its special survey, which was completed in the fourth quarter of 2024, also for a total cost of $0.4 million. On January 10, 2025, the Company signed an agreement to sell M/V Diamantis P, a 2,008 teu container carrier, built in 1998, for further trading, for approximately $13.2 million, resulting in a gain on sale of $10.2 million. Interest and other financing costs for the first nine months of 2025 were nil. For the same period of 2024 interest and other financing costs amounted to $0.1 million as the Company’s bank debt was fully repaid in March 2024. Interest income increased to $0.2 million for the first nine months of 2025, compared to nil in the same period of 2024. The increase in interest income is attributable to higher cash balances maintained during the first nine months of 2025 compared to the corresponding period in 2024. The Company reported net income for the period of $13.4 million, as compared to net income of $4.7 million, for the first nine months of 2024. Adjusted EBITDA for the first nine months of 2025 was $3.1 million compared to $4.8 million achieved during the first nine months of 2024. Basic and diluted earnings per share for the first nine months of 2025 was $4.81, calculated on 2,793,954 basic and diluted weighted average number of shares outstanding compared to earnings per share of $1.70, calculated on 2,780,855 basic and diluted weighted average number of shares outstanding. Excluding the effect on the earnings for the first nine months of the year of the gain on sale of vessel, the adjusted net earnings for the nine-month period ended September 30, 2025, would have been $1.15 per share basic and diluted, compared to adjusted earnings of $1.70 per share basic and diluted, for the nine-month period ended September 30, 2024. Usually, security analysts do not include the above item in their published estimates of earnings per share. Fleet Profile: After the delivery of M/V HELLAS AVATAR, the Euroholdings Ltd. fleet profile is as follows: Note: (*) TC denotes time charter. All dates listed are the earliest redelivery dates under each TC. (**) Period to November 2026 is at the option of the charterer. Summary Fleet Data: (1) Average number of vessels is the number of vessels that constituted the Company’s fleet for the relevant period, as measured by the sum of the number of calendar days each vessel was a part of the Company’s fleet during the period divided by the number of calendar days in that period. (2) Calendar days. We define calendar days as the total number of days in a period during which each vessel in our fleet was owned by us including off-hire days associated with major repairs, drydockings or special or intermediate surveys or days of vessels in lay-up. Calendar days are an indicator of the size of our fleet over a period and affect both the amount of revenues and the amount of expenses that we record during that period. (3) The scheduled off-hire days including vessels laid-up, vessels committed for sale or vessels that suffered unrepaired damages, are days associated with scheduled repairs, drydockings or special or intermediate surveys or days of vessels in lay-up, or vessels that were committed for sale or suffered unrepaired damages. (4) Available days. We define available days as the total number of Calendar days in a period net of scheduled off-hire days incl. laid up. We use available days to measure the number of days in a period during which vessels were available to generate revenues. (5) Commercial off-hire days. We define commercial off-hire days as days a vessel is idle without employment. (6) Operational off-hire days. We define operational off-hire days as days associated with unscheduled repairs or other off-hire time related to the operation of the vessels. (7) Voyage days. We define voyage days as the total number of days in a period during which each vessel in our fleet was in our possession net of commercial and operational off-hire days. We use voyage days to measure the number of days in a period during which vessels actually generate revenues or are sailing for repositioning purposes. (8) Fleet utilization. We calculate fleet utilization by dividing the number of our voyage days during a period by the number of our available days during that period. We use fleet utilization to measure a company's efficiency in finding suitable employment for its vessels and minimizing the number of days that its vessels are off-hire for reasons such as unscheduled repairs or days waiting to find employment. (9) Fleet utilization, commercial. We calculate commercial fleet utilization by dividing our available days net of commercial off-hire days during a period by our available days during that period. (10) Fleet utilization, operational. We calculate operational fleet utilization by dividing our available days net of operational off-hire days during a period by our available days during that period. (11) Time charter equivalent rate, or TCE, is a measure of the average daily net revenue performance of our vessels. Our method of calculating TCE is determined by dividing time charter revenue and voyage charter revenue, if any, net of voyage expenses by voyage days for the relevant time period. Voyage expenses primarily consist of port, canal and fuel costs that are unique to a particular voyage, which would otherwise be paid by the charterer under a time charter contract or are related to repositioning the vessel for the next charter. TCE provides additional meaningful information in conjunction with time charter revenue and voyage charter revenue, if any, the most directly comparable GAAP measure, because it assists our management in making decisions regarding the deployment and use of our vessels and because we believe that it provides useful information to investors regarding our financial performance. TCE is a standard shipping industry performance measure used primarily to compare period-to-period changes in a shipping company's performance despite changes in the mix of charter types (i.e., spot voyage charters, time charters, pool agreements and bareboat charters) under which the vessels may be employed between the periods. Our definition of TCE may not be comparable to that used by other companies in the shipping industry. (12) We calculate daily vessel operating expenses, which include crew costs, provisions, deck and engine stores, lubricating oil, insurance, maintenance and repairs and related party management fees by dividing vessel operating expenses and related party management fees by fleet calendar days for the relevant time period. Drydocking expenses are reported separately. (13) Daily general and administrative expense is calculated by us by dividing general and administrative expenses by fleet calendar days for the relevant time period. (14) Total vessel operating expenses, or TVOE, is a measure of our total expenses associated with operating our vessels. We compute TVOE as the sum of vessel operating expenses, related party management fees and general and administrative expenses; drydocking expenses are not included. Daily TVOE is calculated by dividing TVOE by fleet calendar days for the relevant time period. (15) Daily drydocking expenses is calculated by us by dividing drydocking expenses by the fleet calendar days for the relevant period. Drydocking expenses include expenses during drydockings that would have been capitalized and amortized under the deferral method. Drydocking expenses could vary substantially from period to period depending on how many vessels underwent drydocking during the period. The Company expenses drydocking expenses as incurred. Conference Call and Webcast: Today, November 17, 2025 at 10:00 a.m. Eastern Time, the Company's management will host a conference call and webcast to discuss the results. Conference Call details: Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 877 405 1226 (US Toll-Free Dial In) or +1 201 689 7823 (US and Standard International Dial In). Please quote “EuroHoldings” to the operator and/or conference ID 13757176. Click here for additional participant International Toll-Free access numbers. Alternatively, participants can register for the call using the call me option for a faster connection to join the conference call. You can enter your phone number and let the system call you right away. Click here for the call me option. Audio Webcast- Slides Presentation: There will be a live and then archived webcast of the conference call and accompanying slides, available on the Company’s website. To listen to the archived audio file, visit our website http://www.euroholdings.gr and click on Company Presentations under our Investor Relations page. Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast. The slide presentation for the third quarter ended September 30, 2025, will also be available in PDF format 10 minutes prior to the conference call and webcast, accessible on the company's website (www.euroholdings.gr) on the webcast page. Participants to the webcast can download the PDF presentation Adjusted EBITDA Reconciliation: Euroholdings Ltd. considers Adjusted EBITDA to represent net income before interest and other financing costs, income taxes, depreciation and gain on sale of vessel. Adjusted EBITDA does not represent and should not be considered as an alternative to net income, as determined by United States generally accepted accounting principles, or GAAP. Adjusted EBITDA is included herein because as a supplemental basis upon which the Company assesses its financial performance and because the Company believes that this non-GAAP financial measure assists our management and investors by increasing the comparability of our performance from period to period by excluding the potentially disparate effects between periods of financial costs, gain on sale of vessel and depreciation. The Company's definition of Adjusted EBITDA may not be the same as that used by other companies in the shipping or other industries. Adjusted net income and Adjusted earnings per share Reconciliation: Euroholdings Ltd. considers Adjusted net income to represent net income before gain on sale of vessel. Adjusted net income and Adjusted earnings per share are included herein because we believe they assist our management and investors by increasing the comparability of the Company's fundamental performance from period to period by increasing the comparability of the Company's fundamental performance from period to period by excluding the potentially disparate effects between periods of gain on sale of vessel, which may significantly affect results of operations between periods. Adjusted net income and Adjusted earnings per share do not represent and should not be considered as an alternative to net income or earnings per share, as determined by GAAP, The Company's definition of Adjusted net income and Adjusted earnings per share may not be the same as that used by other companies in the shipping or other industries. Adjusted net income and Adjusted earnings per share are not adjusted for all non-cash income and expense items that are reflected in our statement of cash flows. About Euroholdings Ltd. Euroholdings Ltd. was formed on March 20, 2024, under the laws of the Republic of the Marshall Islands. The Company was incorporated by Euroseas Ltd. (NASDAQ: ESEA, or "Euroseas") to serve as the holding company of three subsidiaries that were contributed by Euroseas effective January 1, 2025. On March 17, 2025, Euroseas distributed all the shares of Euroholdings to its shareholders thereby spinning off Euroholdings. Euroholdings began trading on NASDAQ Capital Market under the ticker EHLD on March 18, 2025. Euroholdings operates in the container shipping market. Euroholdings' operations are managed by Eurobulk Ltd., an ISO 9001:2008 and ISO 14001:2004 certified affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. Euroholdings employs its vessels on period charters. The Company has a fleet of 2 Feeder container carriers with a total carrying capacity of 3,171 TEU. Forward Looking Statement This press release contains forward-looking statements, including as defined under U.S. federal securities laws, concerning future events. Forward-looking statements provide the Company’s current expectations or forecasts of future events. Forward-looking statements include statements about the Company’s expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts or that are not present facts or conditions. Words such as “anticipates,” “may,” “potential,” “predicts,” “projects,” “should,” "expects," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations of such words and similar expressions, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this communication. Factors that could cause actual results to differ materially include, but are not limited to, changes in the demand for containerships, competitive factors in the market in which the Company operates; risks associated with operations outside the United States; and other factors listed from time to time in the Company's filings with the Securities and Exchange Commission (the “SEC”). Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. You should, however, review the factors and risks the Company describes in the reports it files and furnishes from time to time with the SEC, which can be obtained free of charge on the SEC’s website at www.sec.gov. Visit our website www.Euroholdings.gr __________________ 1Adjusted EBITDA, Adjusted net income and Adjusted income per share are not recognized measurements under US GAAP (GAAP) and should not be used in isolation or as a substitute for Euroholdings financial results presented in accordance with GAAP. Refer to a subsequent section of the Press Release for the definitions and reconciliation of these measurements to the most directly comparable financial measures calculated and presented in accordance with GAAP.

ATHENS, Greece, Nov. 12, 2025 (GLOBE NEWSWIRE) -- EuroHoldings Ltd. (NASDAQ: EHLD) (“EuroHoldings” or the “Company”) an owner and operator of ocean-going vessels and provider of seaborne transportation, announced today that it will release its financial results for the third quarter ended September 30, 2025 on November 17, 2025, before market opens in New York. On the same day, Monday, November 17, 2025, at 10:00 a.m. Eastern Time, the Company's management will host a conference call and webcast to discuss the results. Conference Call details: Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 877 405 1226 (US Toll-Free Dial In) or +1 201 689 7823 (US and Standard International Dial In). Please quote “EuroHoldings” to the operator and/or conference ID 13757176. Click here for additional participant International Toll-Free access numbers. Alternatively, participants can register for the call using the call me option for a faster connection to join the conference call. You can enter your phone number and let the system call you right away. Click here for the call me option. Audio Webcast- Slides Presentation: There will be a live and then archived webcast of the conference call and accompanying slides, available on the Company’s website. To listen to the archived audio file, visit our website http://www.euroholdings.gr and click on Company Presentations under our Investor Relations page. Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast. The slide presentation for the third quarter ended September 30, 2025, will also be available in PDF format 10 minutes prior to the conference call and webcast, accessible on the company's website (www.euroholdings.gr) on the webcast page. Participants to the webcast can download the PDF presentation. About EuroHoldings Ltd. EuroHoldings Ltd. was incorporated on March 20, 2024 under the laws of the Republic of the Marshall Islands. The Company was incorporated by Euroseas Ltd. (NASDAQ: ESEA) to serve as the holding company of three of its vessel-owning subsidiaries. Shares of EuroHoldings Ltd. were distributed to Euroseas Ltd. shareholders on March 17, 2025. EuroHoldings Ltd. is a provider of worldwide ocean-going transportation services. The Company’s operations are managed by Eurobulk Ltd. an ISO 9001:2008 and ISO 14001:2004 certified affiliated ship management company, which is responsible for the day-to-day commercial and technical management and operations of the vessels. The Company has a fleet of two feeder containership vessels with a cargo capacity of 40,882 dwt, or 3,171 teu. After the delivery of the first product tanker in November 2025, Euroholdings’ mixed fleet will consist of 3 vessels with a total carrying capacity of 90,879 dwt. EuroHoldings Ltd. is listed on the Nasdaq Capital Market under the symbol “EHLD”. Visit our website www.euroholdings.gr