Euroholdings Ltd. · NASDAQ:EHLD
Euroholdings — Q2 2026 Earnings Presentation
19 slides from Euroholdings's earnings presentation, Aug 12, 2026
Slide 1: Earnings Presentation Quarter Ended June 30, 2026
Earnings Presentation Quarter Ended June 30, 2026 August 12, 20261
Slide 2: Forward-Looking Statements
Forward-Looking Statements Statements in this presentation may be "forward-looking statements" within the meaning of federal securities laws. The matters discussed herein that are forward-looking statements are based on current management expectations that involve risks and uncertainties that may re
Slide 3: Company Overview
Company Overview ▪ EuroHoldings Ltd was spun off Euroseas Ltd on March 17, 2025 ‒ A fleet of two debt-free vessels, M/V Aegean Express and M/V Joanna, and about $14m of cash ‒ Euroseas distributed the shares of EuroHoldings to its shareholders on a pro-rata basis on March 17, 2025 o Distribution rat
Slide 4: 2026 Q2 Financial Highlights
2026 Q2 Financial Highlights Financial Results in million USD except per share figures Q2 2026 Net Revenues 8.60 (2) Net Income 4.29 $1.52/share (1) Adj. EBITDA 5.04 Sixth Quarterly Dividend Declaration ▪ Declared a quarterly dividend of $0.14 per share for the second quarter of 2026, payable on or
Slide 5: Fleet Profile
Fleet Profile After the delivery of M/V Hellas Fighter, fleet will be comprised of 2 containerships with a carrying capacity of 3,171 TEU and 2 product tankers with capacity of 99,994 dwt Fleet Profile Containerships Name Type Size (DWT) Size (TEU) Year Built Joanna Feeder 22,301 1,732 1999 Aegean E
Slide 6: Continue Operating Containerships
Continue Operating Containerships ▪ Continue operating existing containerships ‒ The containership markets, especially for feeder vessels like ours, have remained strong ‒ Our vessels, despite their age, may be rechartered beyond their current contracts… o …contributing further earnings and value to
Slide 7: Last 10 Year 6-12 Month TC Rates ($/day)
Last 10 Year 6-12 Month TC Rates ($/day) 1,700 TEU Geared 70,000 60,000 50,000 40,000 $/ day Aug 07, 2026 $31,750/day 30,000 18,506 20,000 11,721 10,000 0 Jan 16 Jul 16 Jan 17 Jul 17 Jan 18 Jul 18 Jan 19 Jul 19 Jan 20 Jul 20 Jan 21 Jul 21 Jan 22 Jul 22 Jan 23 Jul 23 Jan 24 Jul 24 Jan 25 Jul 25 Jan 2
Slide 8: Product Tankers Market Overview
Product Tankers Market Overview 8
Slide 9: MR Tanker TC Rates
MR Tanker TC Rates 1 Year TC Rate(1) ($/day) 3 Year TC Rate(1) ($/day) 40,000 30,000 35,000 27,500 30,000 27,500 29,000 25,000 25,973 25,000 23,250 23,500 22,500 21,992 $/day 20,000 $/day 20,000 15,000 17,500 10,000 5,000 15,000 0 12,500 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2016 20
Slide 10: MR Tanker Newbuilding & Secondhand Values
MR Tanker Newbuilding & Secondhand Values Newbuilding Price Evolution(1) ($m) 5 Yr Old SH Price Evolution(2) ($m) 10 Yr Old SH Price Evolution(3) ($m) 55.0 55.0 45.0 52.00 50.0 40.0 50.0 48.5 48.00 38.0 45.0 35.0 47.1 33.0 42.0 45.0 31.6 40.0 41.1 30.0 40.0 35.0 25.0 30.0 20.0 35.0 25.0 15.0 30.0 20
Slide 11: MR Tanker Fleet Age Profile & Orderbook
MR Tanker Fleet Age Profile & Orderbook Age Profile (mDWT) MR Tanker Deliveries & Demolitions (mDWT) 15% 18% 20% 29% 18% 6.0 30.0 5.0 25.0 4.0 9.9 3.0 20.0 5.0 4.5 2.0 4.4 4.3 3.3 3.3 3.3 mDWT 3.9 1.5 2.8 2.5 15.0 3.7 1.0 2.3 1.0 1.4 3.6 0.0 (0.5) (0.2) (0.0) (0.6) (0.4) 10.0 (0.1) (0.5) (0.7) (1.1)
Slide 12: Trade Demand Outlook
Trade Demand Outlook Oil Products Seaborne Trade 24.0 3,900 23.0 3,700 22.0 3,500 mb/d 3,300 btm 21.0 3,100 20.0 2,900 19.0 2,700 18.0 2,500 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 mb/d Billion Tonne-miles Global Demand Development (mb/d) Global Refi
Slide 13: Product Market Trends & Outlook Summary
Product Market Trends & Outlook Summary ▪ MR tanker fundamentals remain constructive despite a weaker macro demand backdrop. While global clean product trade is expected to contract by ~5.9% in 2026, freight demand continues to be supported by longer-haul trade patterns rather than outright volume g
Slide 14: Current Fleet Financial Results & Prospects
Current Fleet Financial Results & Prospects 14
Slide 15: Financial Highlights: Q2 and H1 of 2025 and 2026
Financial Highlights: Q2 and H1 of 2025 and 2026 Q2 Q2 6M 6M (in million USD except per share amounts) 2025 2026 Change(%) 2025 2026 Change(%) Net Revenues 2.92 8.60 195.0% 5.79 16.24 180.6% Net Income 0.82 4.29 421.4% 11.90 6.67 (44.0%) Earnings per Share(1) 0.30 1.52 415.4% 4.28 2.37 (44.7%) Inter
Slide 16: Fleet Data: Q2 and H1 of 2025 and 2026
Fleet Data: Q2 and H1 of 2025 and 2026 Q2 6M 2025 2026 2025 2026 Fleet (#) Number of Vessels 2.0 3.0 2.1 3.0 Utilization Rate(1) Utilization 100% 100% 100% 100% (%) TCE (2) ($/day/vessel) Time Charter Equivalent $16,528 $28,039 $16,158 $28,204 Vessel Opeating Expenses (excl. DD Expense) 7,184 6,957
Slide 17: Cash Flow Break Even for the Next 12 Months
Cash Flow Break Even for the Next 12 months Cash Flow Break Even Estimate - Containerships ($/day) (1) - - - 1,205 8,288 8,288 8,288 8,288 7,083 OPEX G&A Expenses Operating B/E Drydocking EBITDA B/E Interest Expenses Operating & Loan Repayments Total Expenses Financing B/E (excl. Balloon) ➔ Recharte
Slide 18: Balance Sheet Highlights
Balance Sheet Highlights Capital Structure June 30, 2026 ($m) Notes 50.0 Assets ▪ Cash & Other assets: $13.7m 45.0 ▪ Vessels book value: $34.2m Cash & Other ▪ Total assets (at book value): $47.9m 40.0 Assets Liabilities 35.0 NBV ▪ Bank Debt (incl. Deferred Charges): $19.2m, i.e. ~40.2% of total book
Slide 19: EuroHoldings Contacts
EuroHoldings Contacts EuroHoldings Ltd. c/o Eurobulk Ltd 4, Messogiou & Evropis Street 151 24 Maroussi, Greece www.euroholdings.gr info@euroholdings.gr Tel. +30-211-1804005 Fax.+30-211-1804097 Tasos Aslidis Nicolas Bornozis / Markella Kara Chief Strategy Officer Investor Relations EuroHoldings Ltd.