Elvictor Group Announces Q2 2025 Financial Results and Strategic Outlook

Elvictor Group Inc., a leader in maritime recruitment, reported its second quarter 2025 financial results, showing a 7.2% revenue increase to $615,704 compared to Q2 2024. Despite the growth in revenue, the company faced a loss from operations amounting to $58,896, influenced by a mandatory Easter bonus for employees under Greek labor legislation. These non-recurring expenses are expected to continue in the third and fourth quarters.

Over the first half of 2025, Elvictor's revenue increased by 6.2% to $1,218,082, mainly due to higher agency fees. The company currently manages over 2,300 seafarers and plans to expand operations by onboarding up to 40 additional vessels by the end of the year.

CEO Konstantinos S. Galanakis noted that the company's strategy focuses on revenue growth and cost-saving initiatives to return to profitability in the upcoming quarters.