Core Insights - EuroDry Ltd. reported a profitable fourth quarter of 2025, with net income attributable to controlling shareholders of $3.2 million, contrasting with a net loss of $6.2 million in the same period of 2024 [6][21][24] - The company experienced a 19.9% increase in total net revenues for Q4 2025, reaching $17.4 million, driven by higher time charter rates despite a decrease in the average number of vessels operated [10][24] - For the full year 2025, total net revenues decreased by 14.4% to $52.3 million, attributed to a lower number of vessels operated and reduced time charter equivalent rates [24][36] Fourth Quarter 2025 Highlights - Average time charter equivalent rate for Q4 2025 was $16,262 per day, a 33.3% increase compared to Q4 2024 [10][22] - Adjusted EBITDA for Q4 2025 was $7.5 million, significantly up from $1.8 million in Q4 2024 [9][22] - The company operated an average of 11.2 vessels in Q4 2025, down from 13.0 vessels in Q4 2024 [8][10] Full Year 2025 Highlights - Average time charter equivalent rate for the full year 2025 was $11,642 per day, down from $13,039 per day in 2024 [24] - Adjusted EBITDA for the full year 2025 was $12.5 million, compared to $9.4 million in 2024 [37] - The company reported a net loss attributable to controlling shareholders of $4.3 million for the full year 2025, an improvement from a net loss of $12.6 million in 2024 [36][38] Operational Insights - Total vessel operating expenses for Q4 2025 were $6.2 million, a decrease from $6.6 million in Q4 2024, primarily due to a lower number of vessels operated [12][26] - The company has initiated a strategy shift to secure longer-term charters as market rates strengthen, with a recent one-year time charter for an Ultramax vessel at $15,500 per day [7][8] - As of December 31, 2025, the company had outstanding debt of $103.7 million and cash reserves of $25.7 million [9][65] Fleet Profile - EuroDry's fleet consists of 11 dry bulk vessels with a total deadweight tonnage of 766,420 [40] - The company has two Ultramax vessels under construction, expected to be delivered in 2027 [42][43] - The average daily results indicate a fleet utilization rate of 99.6% for Q4 2025, reflecting efficient deployment of vessels [44][49]

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].