EuroDry Posts Q4 Profit and $7.5M Adjusted EBITDA on $16,262 Charter Rates
EuroDry reported Q4 net revenue of $17.4 million and net income of $3.2 million, with adjusted EBITDA of $7.5 million on TCE rates of $16,262 per day. Shares have gained momentum after repurchasing $5.3 million of stock under its extended buyback plan and passing a price-strength screen.
1. Fourth Quarter Financial Results
In Q4 2025, EuroDry recorded net revenues of $17.4 million and net income of $3.2 million ($1.14 per share). Adjusted EBITDA reached $7.5 million, reflecting a rebound in profitability compared to prior quarters.
2. Market Rates and Charter Strategy
The company operated an average of 11.2 drybulk vessels, earning an average time charter equivalent rate of $16,262 per day. EuroDry secured a one-year charter for an ultramax vessel at $15,500 per day and plans longer-term charters if market rates hold above breakeven.
3. Share Repurchase and Stock Momentum
EuroDry has deployed $5.3 million to repurchase 334,674 shares under its $10 million buyback program and extended the plan for another year. Shares recently passed a price-strength screen, highlighting investor interest driven by the company’s strong cash flow and strategic repurchases.