EuroDry Swings to $7.4 Million Net Profit in First Half of 2026

Key Facts

1EuroDry reported a net profit of $7.4 million in H1 2026, swinging from a $7.1 million net loss in the previous year.

2Time charter revenue rose to $32.6 million driven by higher time charter equivalent rates for its vessels.

3The company secured $10.2 million in September 2026 via an at-the-market offering as part of a $20 million capital raise plan.

EuroDry reported a net profit of $7.4 million for the first half of 2026, swinging from a net loss of $7.1 million in the previous year. According to company data reported by Stock Titan, time charter revenue rose to $32.6 million, driven primarily by higher time charter equivalent rates for its shipping vessels.

The company secured $10.2 million in September 2026 through an at-the-market offering as part of a broader $20 million capital raise plan. Regarding market performance, EDRY closed at $55.88 on October 2, 2026, having traded between a session low of $54.12 and a high of $57.6 on that date.