Elvictor Group Revenue, Net Income & 10-K Summary

Overview

Nevada corporation, originally Thenablers, Inc., renamed Elvictor Group, Inc.
Primary business: crew management (crewing and crew management services) and ship management services for vessels worldwide.
Operates through subsidiaries in Greece and Cyprus and an acquired Marshall Islands entity:
- Ultra Shipmanagement, Inc. (Marshall Islands) — acquired Jan 10, 2022 for $2,500
- ELVG Crew Management Limited (Cyprus) — formed Jan 2022
- ELVG Crew Management Ltd (Cyprus) — formed Jan 2022
- Elvictor Group Hellas Single Member S.A. (Greece) — formed Aug 2020

Recruitment, screening, and matching of seafarers to vessels
Health arrangements, medical examinations records, and STCW documentation
Travel arrangements and onboarding/travel coordination for crews
Disembarkation briefing and handling of crew feedback and assignment requests
Data management and compliance with privacy regulations (GDPR)
Revenue recognition: recognized gross when acting as principal; net when acting as agent
Long-term contract–based pricing tied to seafarer salary, rank, and vessel type

Technical management: maintenance and repairs to ensure vessel operability
Crew management: recruitment, deployment, and onboard crew oversight
Financial management: finance, accounting, and performance reporting
Procurement of spare parts, supplies, and services
Regulatory, quality, health, safety, and environmental compliance; insurance and claims handling
Plans to expand broader ship management offerings

Competitive advantages include flexibility as a smaller operator, tailored services, global seafarer supply connections, and increased ESG transparency associated with public status.

As of December 31, 2025: 25 full-time employees (excluding the Chief Executive Officer and the Chairman of the Board)
Manages over 2,000 seafarers of five nationalities aboard bulk carriers and tankers

Principal office: Vassileos Constantinou 79, Vari, Attiki, Greece
- Lease with Aikaterini Galanaki (wife of Chairman Stavros Galanakis) at €3,500/month; term Jan 1, 2023 – Dec 31, 2030
Other premises: Vari, Greece for Ultra Shipmanagement
- Office lease began Oct 1, 2021 at €1,000/month (initial); renewed Oct 2024 through Sept 30, 2027
Regulatory and listing context:
- Former OTC Pink ticker ELVG
- Reverse stock split (1-for-500) approved Jan 30, 2026; effective for trading March 17, 2026
- Trading symbol change to ELVG noted Feb 27, 2020 (pending FINRA approval)

Engagement on Dec 23, 2024 with CIM Securities, LLC to raise up to $7,000,000 in a Regulation D, Rule 506(c) offering (open to verified accredited investors and subject to securing a Lead Investor)
Intended use: fund acquisition of a bulk carrier (30,000–40,000 DWT, approximately 5–8 years old) with an estimated purchase price of $20–$22 million
Estimated equity participation for the acquisition: $5.5–$6.5 million (including initial working capital)

November 5, 2019: Konstantinos Galanakis appointed CEO; Stavros Galanakis appointed Chairman
December 13, 2019: Name change from Thenablers, Inc. to Elvictor Group, Inc.
February 27, 2020: Trading symbol change to ELVG (pending FINRA approval)
July 7, 2020: Settlement agreement with Series A preferred holders to convert preferred stock to common stock under specified milestones
April 8, 2021: Issuance of 750,918 common shares to Series A holders as part of settlement and conversions
January 2022: Formation of Cyprus subsidiaries to support crew management operations
January 10, 2022: Acquisition of Ultra Shipmanagement, Inc. (Marshall Islands) for $2,500
December 23, 2024: Announcement of CIM Securities engagement for up to $7,000,000 financing
January 30, 2026: Reverse stock split approved (1-for-500); March 17, 2026: split effective for trading