EuroDry Ltd., a Nasdaq-listed shipping company, has reported a positive end to 2025 with a return to profitability in the last quarter. The CEO, Aristides Pittas, emphasized the strength of the dry bulk market from Q4 2025 to mid-February 2026, highlighting that vessels such as Ultramax and Kamsarmax have been operating above breakeven levels, which has enabled positive cash flows for the company.

The management informed that they have already secured annual charters for Ultramax vessels at $15,500 per day, marking a strategic transition towards more long-term agreements. Additionally, the company is contemplating similar arrangements for a larger part of its fleet, which indicates a proactive approach to stabilize incomes amid fluctuating market conditions. Furthermore, Pittas mentioned that the increase in liquidity from ship sales and refinancings is creating a buffer for new investments.

Looking ahead, EuroDry's leadership anticipates a balanced two-year market, maintaining a cautious stance yet preparing to seize opportunities that could benefit shareholders. This strategic pivot towards long-term charters and enhanced liquidity through financial maneuvers underlines the company's adaptive strategy in leveraging market dynamics while securing stakeholder interests.