Welcome to our dedicated page for EuroDry Ltd. SEC filings (Ticker: EDRY), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
EuroDry Ltd. filings document the company as a foreign private issuer reporting on a drybulk vessel owner and operator. Form 6-K reports provide operating results, vessel employment data, time charter equivalent rates, fleet profiles, share repurchase activity, debt financing arrangements and other material updates incorporated by reference into registration statements on Form F-3.
The filing record also covers governance and shareholder matters, including annual general meeting results, director elections and auditor approval. Financial disclosures include revenue, earnings, adjusted EBITDA measures, common share information, related-party items and capital-structure details tied to the company's Marshall Islands drybulk shipping business.
EuroDry Ltd. reported a sharp turnaround for the quarter and six months ended June 30, 2026, driven by much higher drybulk charter rates. Second‑quarter net revenues rose 57% to $17.7 million, with average time charter equivalent rates nearly doubling to $20,398 per day on a fleet of 11 vessels.
The company generated quarterly net income attributable to controlling shareholders of $6.6 million, or $2.36 basic EPS, versus a loss a year earlier. Adjusted EBITDA jumped to $11.7 million. First‑half net revenues reached $30.5 million, with net income attributable to controlling shareholders of $6.8 million and adjusted EBITDA of $16.6 million.
Operating metrics remained strong, with second‑quarter fleet utilization at 100.0% and daily vessel operating expenses roughly flat at $6,608. As of June 30, 2026, EuroDry held $31.3 million in unrestricted and restricted cash and had $98.1 million of outstanding debt, while continuing a share repurchase program and arranging to refinance the M/V Ekaterini with a loan of up to $19 million.
EuroDry Ltd., a foreign private issuer, furnished a July 2026 report that attaches a press release titled “EuroDry Ltd. Announces the Results of Its 2026 Annual General Meeting of Shareholders,” providing information to investors about the outcomes of that shareholder meeting.
The company also states that this report, including the attached press release, is incorporated by reference into its existing Registration Statements on Form F-3, File Nos. 333-273254 and 333-273258, both originally filed with the U.S. Securities and Exchange Commission on July 14, 2023.
EuroDry Ltd. director Aristeidis P. Pittas reported indirect open-market sales totaling 500 shares of common stock on July 14, 2026 at $23.45 per share. The trades were made by Family United Navigation Co., which held 77,417 shares afterward; Pittas disclaims beneficial ownership beyond his pecuniary interest.
EuroDry Ltd. director Pittas Aristeidis P., through affiliated entity Family United Navigation Co., reported an open-market sale of 250 shares of common stock at $23.45 per share on July 14, 2026. After this transaction, the affiliate holds 77,417 shares indirectly attributed to him; he owns a 25% interest and has effective control over voting and disposition, while disclaiming beneficial ownership beyond his pecuniary interest.
EuroDry Ltd. has scheduled its 2026 Annual Meeting of Shareholders for July 23, 2026 at 11:30 a.m. in Washington, DC. Shareholders of record at the close of business on June 16, 2026 are entitled to vote.
Investors will vote on electing a Class C director (Proposal One) and approving Deloitte Certified Public Accountants, S.A. as independent auditors for the fiscal year ending December 31, 2026 (Proposal Two). The board unanimously recommends voting in favor of both proposals, and any signed proxy returned without instructions will be voted for all proposals.
The proxy statement notes that EuroDry had 2,866,591 common shares outstanding as of the record date and explains that a majority of eligible votes present in person or by proxy will constitute a quorum. Proxy materials and the Form 20-F annual report with 2025 audited financial statements are available on the company’s website, with hard copies available on request.
EuroDry Ltd. director-related entity buys shares on the open market. An entity associated with director Aristeidis P. Pittas, Family United Navigation Co., purchased a total of 500 shares of EuroDry common stock in two open-market transactions of 250 shares each at $22.00 per share on June 22, 2026. Following these indirect purchases, Family United Navigation Co. is reported as holding 77,667 shares of EuroDry common stock.
The filing notes that Pittas owns a 25% interest in Family United Navigation Co. and has effective control over voting and disposition of its shares, but disclaims beneficial ownership except to the extent of his pecuniary interest.
EuroDry Ltd. returned to profitability in the first quarter of 2026 and expanded its newbuilding program. Net revenues rose to $12.8 million, up 38.9% from the prior year, as average time charter equivalent rates doubled to $14,416 per day on 11 vessels.
The company reported net income attributable to controlling shareholders of $0.26 million, or $0.09 per share, compared with a loss of $3.7 million a year earlier; adjusted earnings were $0.12 per share. Adjusted EBITDA improved from a loss of $1.0 million to $4.9 million, while fleet utilization reached 99.7%.
EuroDry also ordered two 82,000 dwt eco Kamsarmax bulk carriers for about $74.0 million, for delivery in 2028, to be financed with a mix of debt and equity, expanding a four-vessel newbuilding pipeline that will modernize and grow its drybulk fleet.
EuroDry Ltd., a Marshall Islands drybulk shipowner listed on Nasdaq, files its annual Form 20-F outlining extensive business and regulatory risks. The company had 2,890,547 common shares outstanding as of the period end. Its results depend heavily on volatile drybulk charter rates, vessel values and access to bank financing tied to vessel market values and leverage covenants.
As of March 31, 2026, all vessels are on short-term or index-linked time charters, all scheduled to expire during 2026, exposing revenue to market swings. The filing highlights reliance on Chinese, Asian, U.S. and EU demand, trade tensions, geopolitical conflicts, environmental and ESG regulations, cyber threats, and operational risks from aging vessels, fuel and crew costs.
EuroDry depends on external managers Eurobulk and Eurobulk FE and notes governance concentration, with affiliated shareholders holding about 46.9% of voting power, which allows them to influence major corporate decisions.
EuroDry Ltd. vice chairman–related entity reports small stock sale. An entity associated with Vice Chairman Aristeidis P. Pittas, Family United Navigation Co., executed open-market sales totaling 996 shares of EuroDry common stock at $20.00 per share on April 14, 2026. After these transactions, 76,713 shares of common stock were reported as indirectly held through this entity. Pittas and his spouse each own a 25% interest in Family United Navigation Co. and have effective control over voting and disposition of its shares, while disclaiming beneficial ownership beyond their respective pecuniary interests.
EuroDry Ltd. insider reporting shows that Family United Navigation Co., an entity associated with vice chairman Aristeidis P. Pittas, executed open-market sales of common stock. The entity sold a total of 704 shares at $20.10 per share and now holds 77,211 shares indirectly. Pittas owns a 25% interest and has effective control over voting and disposition of Family United Navigation’s shares but expressly disclaims beneficial ownership beyond his pecuniary interest, as does his spouse, who also owns a 25% interest.