Elvictor Group Inc. Shows Strong Q1 Growth and Eyes Further Expansion

Elvictor Group Inc., a leader in maritime recruitment and crew management, has reported strong operational growth in Q1 2025. The company achieved a net profit of $60,230, with revenue increasing to $602,368, up from $572,709 in Q1 2024. This was driven by a focus on operational efficiency and strategic positioning in the maritime sector.

In operational terms, Elvictor deployed 3,187 seafarers in Q1 2025, marking a 41.23% increase compared to the average of the two preceding quarters. The client base expanded to 49, a 32.43% year-over-year rise. This builds on growth from 2024, with increases in both seafarer numbers and client partnerships.

Looking ahead, the company is in discussions for potential new clients, which could expand its fleet by over 100 vessels, potentially onboard 40 additional vessels by the end of 2025. This growth could lead to the deployment of 800 additional seafarers, boosting Elvictor's EBITDA.