Business
Algoma Central Corporation Reports Financial Results for the 2025 Second Quarter
A diverse vessel and market portfolio continues to provide resilience amid global uncertainty and...
About this update from Algoma Central Corporation
[{"type":"text","content":"Algoma Central Corporation Reports Financial Results for the 2025 Second Quarter\n\n\n .bwalignc { text-align: center; list-style-position: inside }\n.bwalignl { text-align: left }\n.bwalignr { text-align: right; list-style-position: inside }\n.bwblockalignl { margin-left: 0px; margin-right: auto }\n.bwcellpmargin { margin-bottom: 0px; margin-top: 0px }\n.bwlistdisc { list-style-type: disc }\n.bwpadb3 { padding-bottom: 4px }\n.bwpadl0 { padding-left: 0px }\n.bwpadl1 { padding-left: 5px }\n.bwpadl4 { padding-left: 20px }\n.bwpadr0 { padding-right: 0px }\n.bwsinglebottom { border-bottom: solid black 1pt }\n.bwtablemarginb { margin-bottom: 10px }\n.bwtopsingle { border-top: solid black 1pt }\n.bwvertalignb { vertical-align: bottom }\n.bwwidth1 { width: 1% }\n.bwwidth10 { width: 10% }\n.bwwidth100 { width: 100% }\n.bwwidth2 { width: 2% }\n.bwwidth46 { width: 46% }\n \n\n\n\n\n\n A diverse vessel and market portfolio continues to provide resilience amid global uncertainty and evolving customer demand\n \n\n\n\n\n\n Algoma Central Corporation (TSX: ALC) (\"Algoma\", the \"Company\") today reported its results for the three and six months ended June 30, 2025. Algoma reported second quarter revenues of $211,715, compared to revenues of $180,968 in 2024. Net earnings for the 2025 second quarter were $32,883 compared to net earnings of $17,464 in 2024. EBITDA was $72,582 in the second quarter compared to $48,406 in 2024. All amounts reported below are in thousands of Canadian dollars, except for per share data and where the context dictates otherwise.\n \n\n “During the second quarter, four newbuild vessels entered service across our domestic product tanker, domestic dry-bulk, and FureBear fleets,” said Gregg Ruhl, President & CEO of Algoma Central Corporation. “With these additions, we now hold ownership interests in 98 vessels, with ten more under construction—three of which are scheduled for delivery in the third quarter. This continued fleet growth is very exciting, but more importantly, it reinforces our diversification and strengthens our resilience in the face of ongoing global uncertainty. As we approach our 126\n \n th\n \n anniversary in August, we take pride in our historical ability to navigate through economic highs and lows. Following the quarter’s end, NovaAlgoma Cement Carriers Limite...