EuroDry Ltd. reported a net income attributable to controlling shareholders of $6.8 million for the six months ended June 30, 2026, reversing a $6.8 million loss in the prior-year period. Time charter revenue increased significantly to $32.6 million from $21.8 million, driven by an average time charter equivalent (TCE) rate of $17,452 per day, which doubled compared to $8,761 in H1 2025. Operating cash flow surged to $12.5 million from $0.4 million. The company also sold shares under its at-the-market offering program for gross proceeds of $10.2 million in September 2026 and signed a loan agreement with Alpha Bank S.A. for up to $19.0 million. EuroDry Ltd. operates as a drybulk shipping company owning and operating a fleet of bulk carriers.
