Elvictor Group Reports 7.2% Revenue Increase but Faces Net Loss in Q2 2025

Elvictor Group, Inc. reported its financial results for the second quarter of 2025, revealing a total revenue of $615,704, a 7.2% increase from $574,134 in the same period of 2024. For the six months ending June 30, 2025, total revenue reached $1,218,082, up 6.2% from $1,146,843 in the prior year. However, the company experienced a net loss of $87,303 for the quarter, compared to a net profit of $32,071 in the previous year. For the six-month period, the net loss was $27,070, a significant decline from a net profit of $109,184 in 2024. The increase in revenue was primarily attributed to higher agency fees, while the net loss was driven by rising operating expenses.

The company's operating expenses for the second quarter totaled $514,091, a 23.4% increase from $416,433 in the same quarter of 2024. For the first half of 2025, operating expenses rose to $914,972, up 15.9% from $789,381 in the prior year. Key contributors to this increase included higher salaries and related-party professional fees. Despite the rise in gross profit, which was $455,195 for the quarter and $898,353 for the six months, the overall financial performance was negatively impacted by escalating costs.

Elvictor Group's balance sheet as of June 30, 2025, showed total assets of $1,892,678, a slight increase from $1,840,861 at the end of 2024. Current assets rose to $771,032, driven by an increase in accounts receivable, which grew to $545,357 from $389,922. However, total liabilities also increased to $1,386,953, up from $1,308,066, reflecting a rise in trade accounts payable and other payables. The company's stockholders' equity decreased to $505,725 from $532,795, primarily due to the net loss incurred during the period.

Operationally, Elvictor Group managed over 2,300 seafarers across various nationalities and ship types, indicating a stable workforce despite the challenges in the shipping industry. The company continues to focus on enhancing its services through digital technologies and aims for both horizontal and vertical growth within the shipping sector. Looking ahead, Elvictor Group anticipates ongoing pressures from geopolitical instability and inflation, which may impact operational costs and demand for its services. The management is actively exploring strategies to mitigate these risks while aiming to return to profitability through targeted cost-saving initiatives and revenue enhancement measures.