Toro Corp. Reports Net Income of $1.3 Million for the Three Months Ended September 30, 2025 and $4.3 Million for the Nine Months Ended September 30, 2025

About this update from Toro Corp.

[{"type":"image","alt":"Toro Corp.","displaySize":"","headline":null,"caption":"Toro Corp.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":125,"url":"https://media.zenfs.com/en/globenewswire.com/8e0c6d042b5f054e781f3dddda7ab053"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/rGUs9TBfwdtqF_pUZtEiMw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE3NTtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/8e0c6d042b5f054e781f3dddda7ab053","width":300,"height":125}},"lazy":false},{"type":"text","content":"LIMASSOL, Cyprus, Dec. 05, 2025 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO), (“Toro”, or the “Company”), a global energy transportation provider, today announced its results for the three months and the nine months ended September 30, 2025.","length":242,"tagName":"p"},{"type":"text","content":"Highlights of the Third Quarter Ended September 30, 2025:","length":57,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Total vessel revenues from continuing operations: $5.4 million, as compared to $5.3 million for the three months ended September 30, 2024, or a 1.9% increase; ","length":158,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income from continuing operations: $1.3 million, as compared to $1.0 million for the three months ended September 30, 2024, or a 30% increase;","length":146,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income: $1.3 million, as compared to $1.0 million for the three months ended September 30, 2024, or a 30% increase;","length":119,"tagName":"p"}]},{"val":[{"type":"text","content":"Earnings/(Loss) per common share, basic, from continuing operations: $0.01 per share, as compared to $(0.01) per share for the three months ended September 30, 2024;","length":165,"tagName":"p"}]},{"val":[{"type":"text","content":"EBITDA(1) from continuing operations: $1.6 million, as compared to $(0.1) million for the three months ended September 30, 2024; ","length":128,"tagName":"p"}]},{"val":[{"type":"text","content":"Cash of $25.1 million as of September 30, 2025, as compared to $37.2 million as of December 31, 2024;","length":101,"tagName":"p"}]},{"val":[{"type":"text","content":"On September 29, 2025, we purchased 60,000 8.75% Series E Cumulative Perpetual Convertible Preferred Shares (“Series E Preferred Shares”) of Castor Maritime Inc. (“Castor”) with a stated amount of $1,0...

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