EuroDry Reports H1 2026 Profit of $6.8M and Details $9.9M ATM Execution, New $19M Loan
EDRY has more than doubled off its 52-week low of $11.872.
Summary
EuroDry's H1 2026 results show a sharp profit turnaround, and the filing details recent ATM share sales, a new bank loan, and a new vessel construction contract.
Key Events · Earnings and Guidance · EDRY
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H1 2026 Profit Turnaround
Net income attributable to controlling shareholders was $6.8 million for H1 2026, versus a $6.8 million loss in H1 2025, driven by average TCE rising to $17,452/day from $8,761/day.
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ATM Offering Execution
150,263 shares were sold under the ATM in September 2026 for net proceeds of $9.92 million; cumulative gross proceeds under the program reached $23.3 million.
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New $19M Alpha Bank Loan
On September 29, 2026, EuroDry drew a $19.0 million loan from Alpha Bank S.A. to replenish cash used to prepay $11.1 million of Kamsarmax Two Shipping Ltd. debt.
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New $37M Kamsarmax Contract
On July 6, 2026, the company signed a contract for one eco-design kamsarmax bulk carrier at approximately $37.0 million, with delivery expected in Q3 2029.
Analysis · EDRY · Energy & Transportation
EuroDry swung to a $6.8 million profit attributable to controlling shareholders for the first half of 2026, reversing a $6.8 million loss a year earlier, as average time charter equivalent rates nearly doubled to $17,452 per day. The filing also quantifies the ATM program's execution: 150,263 shares sold in September for $9.92 million net of commissions, bringing cumulative gross proceeds to $23.3 million. A new $19.0 million Alpha Bank loan and a $37.0 million kamsarmax newbuilding contract add to the company's fleet expansion and liquidity picture.
How filings like this one have moved
In the 30 days to Oct 5, 2026, 29.2% of the 1496 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.63%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, EDRY was trading at $55.73 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $160.2M. The 52-week trading range was $11.87 to $73.07. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.