Revenue volatility remains a primary concern, evidenced by a 15.42% year-over-year contraction and a net margin of 31.1% that significantly exceeds the 33.37% operating margin, suggesting heavy reliance on non-recurring gains.
| Sales/Revenue | 18M | 13.23M | 15.64M | 7.36M | 24.48M |
| Revenue Growth % | - | -15.42% | 112.37% | -69.92% | - |
| Cost of Goods Sold | 9.32M | 6.48M | 10.02M | 5.87M | 8.59M |
| COGS % of Revenue | - | 48.96% | 64.08% | 79.67% | 35.09% |
| Gross Profit | 8.68M | 6.75M | 5.62M | 1.5M | 15.89M |
| Gross Margin % | 48.24% | 51.04% | 35.92% | 20.33% | 64.91% |
| Gross Profit Growth % | - | 20.17% | 275.2% | -90.58% | - |
| Operating Expenses | 2.45M | 2.34M | 1.79M | -1.13M | 1.64M |
| OpEx % of Revenue | - | 17.67% | 11.43% | -15.39% | 6.7% |
| Selling, General & Admin | 2.26M | 2.34M | 817.1K | 520.29K | 797.54K |
| SG&A % of Revenue | - | 17.67% | 5.22% | 7.06% | 3.26% |
| Research & Development | 0 | 0 | 0 | 0 | 0 |
| R&D % of Revenue | - | - | - | - | - |
| Other Operating Expenses | 189.34K | 0 | 971.35K | -1.65M | 842.72K |
| Operating Income | 6.23M | 4.41M | 3.83M | 2.63M | 14.25M |
| Operating Margin % | 34.64% | 33.37% | 24.49% | 35.72% | 58.21% |
| Operating Income Growth % | - | 15.25% | 45.6% | -81.54% | - |
| EBITDA | 7.02M | 4.72M | 3.87M | 4.1M | 15.6M |
| EBITDA Margin % | 39.02% | 35.66% | 24.76% | 55.62% | 63.72% |
| EBITDA Growth % | - | 21.79% | -5.45% | -73.74% | - |
| D&A (Non-Cash Add-back) | 788.34K | 302.96K | 43.07K | 1.47M | 1.35M |
| EBIT | 6.43M | 4.41M | 3.84M | 2.63M | 14.26M |
| Net Interest Income | -180.8K | 88.99K | -65.99K | -224.87K | -234.33K |
| Interest Income | 231.39K | 226.78K | 0 | 0 | 0 |
| Interest Expense | 412.19K | 137.79K | 65.99K | 224.87K | 234.33K |
| Other Income/Expense | -226.9K | 10.3M | -57.05K | -227.71K | -226.1K |
| Pretax Income | 6.01M | 14.71M | 3.77M | 2.4M | 14.02M |
| Pretax Margin % | 33.38% | 111.2% | 24.12% | 32.63% | 57.29% |
| Income Tax | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% |
| Net Income | 6.01M | 14.71M | 3.77M | 2.4M | 14.02M |
| Net Margin % | 33.38% | 111.2% | 24.12% | 32.63% | 57.29% |
| Net Income Growth % | - | 289.85% | 57.03% | -82.87% | - |
| Net Income (Continuing) | 6.01M | 14.71M | 3.77M | 2.4M | 14.02M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | 2.13 | 5.25 | 1.34 | 0.85 | 4.97 |
| EPS Growth % | - | 291.79% | 57.65% | -82.9% | - |
| EPS (Basic) | - | 5.25 | 1.34 | 0.85 | 4.97 |
| Diluted Shares Outstanding | 2.82M | 2.8M | 2.82M | 2.82M | 2.82M |
| Basic Shares Outstanding | 2.82M | 2.8M | 2.82M | 2.82M | 2.82M |
| Dividend Payout Ratio | - | 8.04% | - | - | - |
High revenue volatility
According to recent financial disclosures, EHLD experienced a 15.42% year-over-year revenue contraction, highlighting significant sensitivity to spot market fluctuations and regional trade demand, which complicates the assessment of long-term growth durability for this niche Mediterranean feeder operator compared to its larger, more diversified maritime industry peers.
The erratic revenue pattern suggests that the company's reliance on short-term charter agreements leaves it exposed to rapid shifts in regional shipping rates. Investors should monitor whether the recent top-line volatility reflects a strategic pivot toward asset harvesting or merely a cyclical downturn in Mediterranean port activity.
As reported in financial statements, EHLD's net margin of 111.20% significantly exceeds its 33.37% operating margin, indicating that current profitability is heavily bolstered by non-recurring gains rather than core shipping operations, which warrants further investigation into the sustainability of these reported earnings for future valuation purposes.
The substantial gap between operating and net margins suggests that one-time asset sales or accounting revaluations are masking the underlying performance of the shipping fleet. This discrepancy makes it difficult to ascertain the true pricing power of the company's regional feeder services without stripping out these non-core financial anomalies.
Based on EHLD's reported figures, the company maintains a high gross margin of 51.04%, which appears to benefit from a low-debt, fully depreciated asset base, allowing for significant operating leverage despite the inherent fixed-cost nature of the maritime industry and the recent decline in total billings.
The ability to maintain strong operating margins despite revenue contraction suggests that the company's cost structure is well-aligned with its niche operational model. However, this efficiency may be threatened if future fleet renewal requirements necessitate higher capital expenditures and increased depreciation charges, potentially eroding the current margin advantage.
Data from recent filings indicates that EHLD's cash accumulation and extreme net margins may signal a transition toward a liquidation-style strategy, where management prioritizes harvesting value from existing vessels over reinvesting in fleet expansion, which poses a significant risk to the company's long-term viability as a carrier.
Short-sellers might focus on the lack of clear reinvestment signals and the potential for the company to become a value trap if the core shipping business continues to shrink. The absence of a clear growth narrative suggests that the current financial performance may be unsustainable if the underlying assets are not replaced or modernized.
Quick answers to the most common questions about buying EHLD stock.
For fiscal year 2025, Euroholdings Ltd. (EHLD) reported total revenue of $13.2M. This represents a 46.0% decline compared to $24.5M in 2022.
Euroholdings Ltd. (EHLD) is profitable, generating $14.7M in net income for the fiscal year ending 2025 with a net profit margin of 111.2%.
Euroholdings Ltd. (EHLD) reported an operating income of $4.4M, resulting in an operating profit margin of 33.4%. This margin reflects the operational efficiency of the business before interest and taxes.
Euroholdings Ltd. (EHLD) generated $6.8M in gross profit for the year, representing a gross profit margin of 51.0%. This demonstrates the company's core pricing power and production efficiency.