Euroseas Ltd. (NASDAQ: ESEA), has reported its financial results for the three- and nine-months period ended September 30, 2025, on Tuesday, November 2025, reflecting strong financial performance and highlighting the impact of its multi-year chartering agreements. The financial results were one of the strongest on record while the forward charter contracts secure considerable revenue, provide increased earnings visibility for more than five years out, and strengthens the company’s ability to provide meaningful returns via dividends and/or share buybacks. Q3 Operational and Financial Performance Euroseas reported net revenues of $56.9 million during Q3, a 5.1% increase over the same period last year. More notably, net income reached $29.7 million, or $4.25 per diluted share, marking a 7.5% year-over-year increase. Adjusted EBITDA stood at $38.8 million, giving a boost to the company’s robust cash flow generation. This performance is particularly notable as it was achieved with an average of 22 vessels, one fewer than the 23 ships operated in Q3 2024. This clearly indicates that the increase was driven not by fleet expansion, but by higher earning power and effective cost control. The company’s average TCE rate rose to $29,284 per day, a 10.7% improvement year over year, while daily operating expenses remained stable. In addition to the quarterly results, the nine-month period delivered steady performance, with higher revenues, maintained profitability, and stable operating metrics compared to the same period last year.