EuroDry Ltd. reported net income attributable to controlling shareholders of $6.6 million, or $2.36 per share basic and $2.32 diluted, for the second quarter ended June 30, 2026, compared to a loss in the prior year period. Total net revenues increased 57% to $17.7 million, driven by time charter equivalent rates rising 95.6% to an average of $20,398 per day across an average fleet of 11 vessels. Adjusted EBITDA for the quarter was $11.7 million. For the first half of 2026, net income attributable to controlling shareholders was $6.8 million with revenues of $30.5 million and adjusted EBITDA of $16.6 million. The company also signed a term sheet on July 28, 2026, for up to $19 million in financing to refinance the M/V Ekaterini. EuroDry Ltd. is an owner and operator of drybulk vessels providing seaborne transportation services.
