Y/Knot Invest
Y/Knot Invest (YKNOT) closed at €1.450 on 12/11/2026, +1.75% on the day. Market cap €54.3m.
YKNOT +18.4% (€1.225 → €1.450) · General Index —
Deepest fall inside it: −22.1% (13 Jul → 16 Oct 2026)
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Key statistics
12 months to Jun 2026 unless a figure says otherwise
Profile
At the 12 Nov close- Market value
- Enterprise valueJun 2026est.
- Shares outstandingJun 2026
- Revenue12 months to Jun 2026
- Employees
- Free floatest.
- Traded a day, 3-month average
Valuation
12 months to Jun 2026- P/EFY2025
- —
- P/B
- EV/Salesest.
- P/FCF
- —
- Dividend yield
not meaningful: a loss
not meaningful here
Margins
12 months to Jun 2026- GrossFY2025
- EBITDA
- Operating (EBIT)
- Pre-taxFY2025
- Net
- Free cash flow
Net margin = the shareholders' profit ÷ group revenue.
Returns
12 months to Jun 2026- ROE
- ROCE
- ROICest.
- ROAFY2025
- ROE, 5-year averageFY2021–25
- Tax rateFY2025
- —
not meaningful here
Financial health
Dec 2025- Cash
- Net debtJun 2026
- Debt ÷ equity
- Interest cover12 months to Jun 2026
leases included
Growth
- Revenue, last yearFY2025
- Revenue, last halfH1 2026
- EPS, last yearFY2025
- —
- Revenue, 3 yearsFY2022–25, a year
- Revenue, 5 yearsFY2020–25, a year
- EPS, 3 yearsFY2022–25, a year
- —
- Shares, 3 yearsFY2022–25
not meaningful: from a loss
not meaningful: crosses a loss
Dividends
FY2025- Yield, last 12 months
- Per share
- Payout
- —
- Covered by free cash flow
- —
- Years paid, last fiveFY2021–25
nothing paid in 12 months
not meaningful here
Trading and risk
From our closes, dividends reinvested- Total return, 1 year
- −27.5%
- 3 years, a year
- +10.3%
- 5 years, a year
- +3.0%
- 10 years, a year
- +7.6%
- Volatility, 1 year
- 84.1%
- Beta to the General Index
- 1.50×
- Deepest fall, 1 year / 5 years
- −72.6% / −72.6%
- 52-week range
- €0.794–€2.90
Where the figures come from: the company's reports, reviewed by us · annual accounts filed in ESEF format · results announcements on the exchange · our own closing prices. No forecasts or target prices are stored.
Financial charts
From the stored figures: the reviewed dossier first, then the annual reports (ESEF) and results announcements
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Valuation
no like-for-like peer| Metric | YKNOT |
|---|---|
| P/Bnew tanker | 2.1 |
| P/S | 2.8 |
| Dividend yield | 0.0% |
| Gross margin | −1.8% |
| Operating margin | −17.5% |
| Net margin | −28.3% |
| ROE | −20.9% |
| Revenue growth (last full year) | −65.2% |
| Net debt | €11.4m |
Peers: Leisure
No other company listed in Athens runs this business; related ones can be ticked in.
The company
AI-draftedY/Knot Invest, formerly Kiriacoulis, combines yacht chartering and sales, marina operations and commercial shipping. After its April 2026 rights issue and the sale of its French and Croatian subsidiaries, it completed the purchase of the AMETHYST tanker in July. In H1 2026 continuing operations lost money; disposal gains still left shareholders with a small loss.
- A direct 100% interest in AMETHYST: Y/Knot Maritime holds 60% of the vessel subsidiary and Indigo Marine 40%.2,6
- A company that paid a dividend in 2025 or promises a fixed return from charter receipts.1,3
- A group already profitable from continuing operations: the H1 2026 profit came from discontinued operations.6,7
- Oct 2026Joined the Athens Composite Price and Composite Total Return indices from 27 October.14
- Oct 2026Indigo Marine bought 135,343 shares (€185,924) and the chair 22,000 shares (€31,557).9,10,11
- Sep 2026H1 2026: revenue €6.4m, EBITDA €0.5m; continuing operations lost €1.55m and shareholders €0.05m after subsidiary-disposal gains.6,7
- Sep 2026AMETHYST’s first charter is under way, with an estimated duration of 2.5–3.5 months.3
- Jul 2026The AMETHYST purchase completed, funded in part by a US$23.5m Macquarie loan.6
- Apr 2026Completed the capital raise with €22.785m gross proceeds and admitted the new shares.5
- The name and ticker changed in November 2025; the original listing was in 1998.1
- The issuer displays Indigo Marine at 30.9%. The exchange’s undated Kazazian entry remains unreconciled and its current stake unconfirmed.12,13
- The French subgroup was sold for €1 and the Croatian subsidiary for €500; the €2.0m disposal gain supported the half-year result.6
- The AMETHYST purchase (US$44.1m) completed on 21 July through a 60%-owned subsidiary; Indigo Marine holds the other 40%.6
- Of the €22.785m raised, €11.0m went into AMETHYST and €8.0m repaid a related-party bond, with no issue costs.6,8
- 1.FY2025 annual financial report EnglishY/Knot Invest · 30/04/2026official
- 2.Investment in an Aframax tankerY/Knot Invest · 30/06/2026official
- 3.AMETHYST charter revenue expectationsY/Knot Invest · 23/09/2026official
- 4.Major voting-rights notification June 2026Y/Knot Invest · 25/06/2026official
- 5.Admission of rights-issue sharesY/Knot Invest · 28/04/2026official
- 6.Interim Financial Report H1 2026 (Greek)Euronext Athens · 30/09/2026official
- 7.H1 2026 group results releaseEuronext Athens · 30/09/2026official
- 8.Report on use of rights-issue funds (Greek)Euronext Athens · 02/10/2026official
- 9.Article 19 notice, chair purchase (Greek)Euronext Athens · 07/10/2026official
- 10.Article 19 notice, Indigo Marine, 8–9 October (Greek)Euronext Athens · 12/10/2026official
- 11.Article 19 notice, Indigo Marine, 12–13 October (Greek)Euronext Athens · 15/10/2026official
- 12.Shareholding structure, re-readY/Knot Investofficial
- 13.Issuer profile, re-readEuronext Athensofficial
- 14.Inclusion in Euronext Athens Composite Price and Total Return indicesY/Knot Invest · 27/10/2026official