Castor Maritime Inc. Reports Fourth Quarter and Full Year Results for 2024

About this update from Castor Maritime Inc.

[{"type":"image","alt":"Castor Maritime Inc.","displaySize":"","headline":null,"caption":"Castor Maritime Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":205,"url":"https://media.zenfs.com/en/globenewswire.com/61070e0721846f068cd57ba2c67989c4"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/FF4zW4MOmRF4NdGz_hF3_g--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTI4NztjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/61070e0721846f068cd57ba2c67989c4","width":300,"height":205}},"lazy":false},{"type":"text","content":"LIMASSOL, Cyprus, May 14, 2025 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM) (“Castor” or the “Company”), a diversified global shipping and energy company, today announced its results for the three months and year ended December 31, 2024.","length":248,"tagName":"p"},{"type":"text","content":"Highlights of the Year Ended December 31, 2024:","length":47,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total vessel revenues from continuing operations: $65.1 million for the year ended December 31, 2024, as compared to $97.5 million for the year ended December 31, 2023, or a 33.2% decrease;","length":189,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income from continuing operations: $15.3 million for the year ended December 31, 2024, as compared to net income of $21.3 million for the year ended December 31, 2023, or a 28.2% decrease;","length":192,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income of $15.3 million for the year ended December 31, 2024, as compared to $38.6 million for the year ended December 31, 2023, or a 60.4% decrease;","length":153,"tagName":"p"}]},{"val":[{"type":"text","content":"Earnings per common share, basic from continuing operations: $3.50 per share for the year ended December 31, 2024, as compared to $2.05 per share for the year ended December 31, 2023;","length":183,"tagName":"p"}]},{"val":[{"type":"text","content":"EBITDA from continuing operations(1): $29.7 million for the year ended December 31, 2024, as compared to $51.6 million for the year ended December 31, 2023; and","length":160,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EBITDA from continuing operations(1): $51.4 million for the year ended December 31, 2024, as compared to $46.5 million for the year ended December 31, 2023.","length":165,"tagName":"p"...

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