ATHENS, Greece, Sept. 15, 2025 (GLOBE NEWSWIRE) -- EuroDry Ltd. (NASDAQ: EDRY, the “Company” or “EuroDry”), an owner and operator of drybulk vessels and provider of seaborne transportation for drybulk cargoes, announced today that it has signed an agreement to sell M/V Eirini P., a 76,466 dwt drybulk vessel, built in 2004, to an unaffiliated third party, for approximately $8.5 million. The vessel is expected to be delivered to its buyers in October 2025. Aristides Pittas, Chairman and CEO of EuroDry, commen ...

From a technical perspective, EuroDry (EDRY) is looking like an interesting pick, as it just reached a key level of support. EDRY's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common moving aver ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of August 2025 Commission File Number: 001-38502 EURODRY LTD. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. EURODRY LTD. (Translation of registrant's name into English) 4 ...

Financial Performance - EuroDry reported a quarterly loss of $1.1 per share, which was better than the Zacks Consensus Estimate of a loss of $1.23, but worse than a loss of $0.17 per share a year ago, indicating a significant decline [1] - The company posted revenues of $11.28 million for the quarter ended June 2025, missing the Zacks Consensus Estimate by 1.09% and down from $17.44 million year-over-year [2] - Over the last four quarters, EuroDry has surpassed consensus EPS estimates only once and has topped consensus revenue estimates just once [2] Stock Performance - EuroDry shares have declined approximately 9.8% since the beginning of the year, contrasting with the S&P 500's gain of 8.6% [3] - The current Zacks Rank for EuroDry is 5 (Strong Sell), indicating expectations of underperformance in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is -$0.90 on revenues of $12.89 million, and for the current fiscal year, it is -$5.12 on revenues of $46.03 million [7] - The trend of estimate revisions for EuroDry was unfavorable prior to the earnings release, which may impact future stock movements [5][6] Industry Context - The Transportation - Shipping industry, to which EuroDry belongs, is currently ranked in the bottom 38% of over 250 Zacks industries, suggesting a challenging environment for stock performance [8] - Empirical research indicates that the top 50% of Zacks-ranked industries outperform the bottom 50% by more than 2 to 1 [8]

Financial Data and Key Metrics Changes - For Q2 2025, total net revenues were reported at $11.3 million, a 35.3% decrease from $17.4 million in Q2 2024 [27] - The net loss attributable to controlling shareholders was $3.1 million, compared to a net loss of $0.3 million in the same period last year [28] - Adjusted EBITDA for Q2 2025 was $1.9 million, down from $5 million in Q2 2024 [29] - For the first half of 2025, total net revenues were $20.5 million, a 35.7% decrease from $31.9 million in the first half of 2024 [30] Business Line Data and Key Metrics Changes - The fleet consisted of 12 vessels with a total carrying capacity of approximately 843,000 deadweight tons [10] - Fixed rate covers for the remainder of the year stood at approximately 25% based on existing time charter agreements [11] - The average time charter equivalent rate for Q2 2025 was $10,420 per vessel per day, down from $14,427 in Q2 2024 [33] Market Data and Key Metrics Changes - Panamax spot rates increased from an average of $10,300 per day to $11,900 per day, a 15% gain [12] - The Baltic Dry Index and the Baltic Panamax Index declined by approximately 21% and 28% year over year, respectively [13] - Global GDP growth is projected at 3% for 2025, with trade growth in the dry bulk sector expected to be slightly positive at 0.2% [14][18] Company Strategy and Development Direction - The company is prioritizing operational flexibility by not committing vessels to longer-term contracts until market conditions improve [8] - Plans to continue executing share repurchases under a $10 million program, with an extension approved for an additional year [6] - The company aims to monitor market developments closely and may sell older vessels while seeking opportunities to renew the fleet with more modern vessels [26] Management's Comments on Operating Environment and Future Outlook - Management noted that the recent spike in rates was influenced by stockpiling due to anticipated tariffs and geopolitical events [42] - The outlook for the remainder of the year remains uncertain, with expectations for a seasonal improvement in September and October [46] - The company is addressing liquidity needs and plans to refinance some vessels to improve cash flow [48] Other Important Information - The company has repurchased $3.3 million worth of shares under its repurchase plan [6] - The average margin of debt as of June 30, 2025, was approximately 2.07% over SOFR, with an estimated cost of senior debt around 6.4% [36] - The net asset value per share is estimated at $36, indicating potential for stock appreciation [38] Q&A Session Summary Question: Can you discuss the improvement in the Baltic Dry Index and expectations for the remainder of the year? - Management explained that the spike was due to stockpiling and geopolitical events, but future predictions are difficult due to various influencing factors [42] Question: Are you willing to lock in rates as of August 1, or do you expect rates to go higher? - Management indicated they are close to levels where they would lock in rates, aiming for around $15,000 for significant profit [45] Question: Can you discuss liquidity and plans for debt repayment? - Management acknowledged tight liquidity but mentioned options for raising liquidity, including refinancing vessels [48] Question: What accounted for the decline in voyage expenses from Q1 to Q2? - Management noted that variability in voyage expenses is influenced by the type of charters and contracts in place [50]

Financial Performance - EuroDry reported net revenues of $1128 million for Q2 2025, a decrease of 353% compared to $1744 million in Q2 2024[10, 42] - The company experienced a net loss attributable to controlling shareholders of $307 million, or ($112) per share, in Q2 2025[10, 42] - Adjusted EBITDA for Q2 2025 was $187 million, a decrease of 628% from $502 million in Q2 2024[10, 42] - For the first half of 2025, net revenues were $2049 million, a decrease of 357% compared to $3186 million in the first half of 2024[42] - The adjusted net loss for the first half of 2025 was $868 million, compared to a loss of $367 million in the first half of 2024[42] Fleet and Operations - EuroDry's current fleet consists of 12 vessels with a total carrying capacity of 843k DWT and an average age of approximately 136 years[15] - The company has two Ultramax vessels under construction, scheduled for delivery in the second and third quarters of 2027, which will increase the total carrying capacity to 970k DWT[15] - Fixed rate coverage for the remaining of 2025 is about 255% through charters, excluding ships on index charters[17] - The company repurchased 334,674 shares of its common stock for $53 million since the initiation of the repurchase plan in August 2022[10] Market Outlook - The orderbook is at approximately 1094% of the fleet, which is low by historical standards[29, 34] - Dry bulk trade is projected to grow by 02% in 2025 and 06% in 2026[25]

Core Viewpoint - EuroDry Ltd. reported a net loss for the second quarter of 2025, indicating that while the drybulk market showed some recovery, it was insufficient to return the company to profitability. The outlook for the third quarter is cautiously optimistic if market rates improve as expected [5][10][29]. Financial Performance - Total net revenues for Q2 2025 were $11.3 million, a decrease of 35.3% from $17.4 million in Q2 2024 [10][21]. - The net loss attributable to controlling shareholders for Q2 2025 was $3.1 million, or $1.12 loss per share, compared to a net loss of $0.3 million, or $0.15 loss per share, in Q2 2024 [6][19]. - Adjusted EBITDA for Q2 2025 was $1.9 million, down from $5.0 million in Q2 2024 [10][19]. Operational Metrics - An average of 12.0 vessels were owned and operated during Q2 2025, earning an average time charter equivalent rate of $10,428 per day, compared to 13.0 vessels at $14,427 per day in Q2 2024, reflecting a 27.7% decrease in rates [10][36]. - Daily vessel operating expenses averaged $6,785 per vessel per day in Q2 2025, up from $6,396 in Q2 2024, primarily due to inflation adjustments and unfavorable currency exchange rates [9][36]. Market Conditions - The drybulk market showed signs of recovery in Q2 2025, but geopolitical and macroeconomic uncertainties, including US tariffs and recent attacks on bulk carriers, continue to pose risks to demand [7][5]. - The company has maintained its vessels on short-term charters during low-rate periods but is considering longer-term charters if market conditions improve [8]. Fleet Profile - EuroDry's fleet consists of 12 dry bulk vessels with a total deadweight tonnage of 842,886. The average time charter equivalent rate for the first half of 2025 was $8,761 per day [32][21]. - The company has two vessels under construction, expected to be delivered in Q2 and Q3 of 2027 [32]. Cash Flow and Debt - As of June 30, 2025, the company had outstanding debt of $102.1 million and cash reserves of $11.4 million [10][29]. - Scheduled debt repayments over the next 12 months amount to approximately $12.7 million [10].

Core Viewpoint - EuroDry Ltd. is set to release its financial results for the second quarter ended June 30, 2025, on August 11, 2025, before the market opens in New York [1]. Company Overview - EuroDry Ltd. was established on January 8, 2018, under the laws of the Republic of the Marshall Islands, to consolidate the drybulk fleet of Euroseas Ltd into a separate public company [7]. - The company was spun-off from Euroseas Ltd on May 30, 2018, and trades on the NASDAQ Capital Market under the ticker EDRY [7]. - EuroDry operates in the dry cargo and drybulk shipping market, managing a fleet of 12 vessels with a total cargo capacity of 843,402 deadweight tons (dwt) [7]. - The fleet includes 4 Panamax drybulk carriers, 5 Ultramax drybulk carriers, 2 Kamsarmax drybulk carriers, and 1 Supramax drybulk carrier [7]. - After the delivery of two Ultramax vessels in 2027, the fleet will expand to 14 vessels with a total carrying capacity of 970,402 dwt [7]. Financial Results Announcement - The financial results for the second quarter will be discussed in a conference call and webcast scheduled for August 11, 2025, at 10:00 a.m. Eastern Time [2]. - Participants are encouraged to dial in 10 minutes before the scheduled time using specific numbers provided for US and international calls [3]. - An audio webcast of the conference call will be available live and archived on the company's website, along with a slide presentation in PDF format [5][6].

Core Points - EuroDry Ltd. announced the results of its Annual General Meeting of Shareholders held on July 23, 2025, where key proposals were approved [1] Company Overview - EuroDry Ltd. was established on January 8, 2018, to consolidate the drybulk fleet of Euroseas Ltd into a separate public company, trading on NASDAQ under the ticker EDRY [2] - The company operates in the dry cargo and drybulk shipping market, managing a fleet of 12 vessels with a total cargo capacity of 843,402 dwt, which will increase to 14 vessels and 970,402 dwt after the delivery of two Ultramax vessels in 2027 [2] Shareholder Proposals - Mr. George Taniskidis and Mr. Apostolos Tamvakakis were re-elected as Class B Directors for a term of three years until the 2028 Annual Meeting of Shareholders [3] - Deloitte Certified Public Accountants, S.A. was approved as the independent auditors for the fiscal year ending December 31, 2025 [3]

Core Points - EuroDry Ltd. has announced its annual meeting of shareholders to be held on July 23, 2025, at 11:30 a.m. in Washington, DC [1] - Shareholders of record as of June 25, 2025, are entitled to vote at the meeting [2] - The Company's Proxy Statement and annual report for the fiscal year ended December 31, 2024, are available on its website [2] Company Overview - EuroDry Ltd. was established on January 8, 2018, to consolidate the drybulk fleet of Euroseas Ltd. into a separate public company [4] - The company operates in the dry cargo and drybulk shipping market and trades on NASDAQ under the ticker EDRY [4] - EuroDry manages a fleet of 12 vessels with a total cargo capacity of 843,402 dwt, which will increase to 14 vessels and 970,402 dwt after the delivery of two Ultramax vessels in 2027 [4]