EuroDry (EDRY) Reports Profitable Q4 with Surging Adjusted EBITDA

By Maham Fatima | March 03, 2026, 10:20 AM

EuroDry Ltd. (NASDAQ:EDRY) is one of the most promising micro-cap stocks according to analysts. On February 20, EuroDry reported a profitable Q4 2025, highlighted by net revenues of $17.4 million, which was a nearly 20% increase compared to the same period in 2024. Net income attributable to controlling shareholders reached $3.2 million, or $1.14 per diluted share, while Adjusted EBITDA surged to $7.5 million from $1.85 million year-over-year.

While Q4 was strong, the full-year 2025 results reflected a more volatile environment, with total net revenues declining 14.4% to $52.3 million. Despite this revenue drop, the company managed a 33% increase in annual Adjusted EBITDA to $12.55 million and narrowed its loss per share from $4.62 in 2024 to $1.55 in 2025.

EuroDry (EDRY) Reports Profitable Q4 with Surging Adjusted EBITDA
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EuroDry Ltd. (NASDAQ:EDRY) enters 2026 with a robust liquidity position, reporting $31.8 million in cash and other assets against $103.7 million in outstanding debt. Management at the company continues to focus on shareholder value and fleet renewal, having repurchased 334,000 shares for $5.3 million during the year.

EuroDry Ltd. (NASDAQ:EDRY), through its subsidiaries, provides ocean-going transportation services worldwide. The company owns and operates drybulk carriers that transport major bulks, such as iron ore, coal, and grains; and minor bulks, including bauxite, phosphate, and fertilizers.

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