EuroDry Ltd. Reports Q2 2025 Net Revenues of $11.3M and Adjusted Net Loss of $3.0M ($1.10/share)

Reuters08-11
<a href="https://laohu8.com/S/EDRY">EuroDry Ltd.</a> Reports <a href="https://laohu8.com/S/QTWO">Q2</a> 2025 Net Revenues of $11.<a href="https://laohu8.com/S/MMM">3M</a> and Adjusted Net Loss of $3.0M ($1.10/share)

EuroDry Ltd. has reported its financial results for the second quarter ended June 30, 2025. The company recorded net revenues of $11.3 million. The net loss attributable to controlling shareholders stood at $3.1 million, equivalent to a loss of $1.12 per share. Additionally, the adjusted net loss was reported at $3.0 million, or $1.10 per share. The adjusted EBITDA for the period was $1.9 million. In terms of business developments, EuroDry has continued its share repurchase program, buying back 334,674 shares for $5.3 million since the inception of the plan, with an extension of the program announced for an additional year. Moreover, the company has finalized its 2024 Sustainability/ESG Report, which will be available on its website starting August 12, 2025. Chartering activities included various fixtures, such as the Alexandros P fixed for approximately 35 days at $29,000, and the Christos K fixed for around 40-45 days at $21,500, adjusted to $15,300 including 10 days ballast. The fleet's carrying capacity is set to increase with two Ultramax vessels under construction, scheduled for delivery in 2027, which will raise the total carrying capacity to 970k DWT.

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