EuroDry Q2 FY26 net income swings to USD 6.9 million; net revenue rises 57% to USD 17.7 million

Reuters2026/08/06 11:35

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EuroDry posted net income attributable to controlling shareholders of USD 6.59 million, swinging from a loss in the year-earlier quarter; EPS was USD 2.36.
Net revenues climbed 57% to USD 17.7 million from the year-earlier quarter.
Adjusted EBITDA rose to USD 11.7 million from USD 1.9 million a year earlier.
Average time charter equivalent rate more than doubled to USD 20,398 per day; average owned vessels fell to 11 from 12.
Signed a term sheet with Alpha Bank to refinance M/V Ekaterini with a loan of up to USD 19 million; share repurchases totaled USD 5.8 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. EuroDry Ltd. published the original content used to generate this news brief on August 06, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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EuroDry Q2 FY26 net income swings to USD 6.9 million; net revenue rises 57% to USD 17.7 million

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