Toro Corp Q4 Revenues Up 17.3% to $6.1M, Net Income Up 60%, EBITDA $2.2M
Q4 ended Dec 31, 2025 vessel revenues rose 17.3% to $6.1 M and net income climbed 60% to $1.6 M, lifting EBITDA to $2.2 M and cash to $87.4 M. Full-year 2025 vessel revenues fell 5.8% to $21.1 M, net income plunged 76.6% to $5.9 M, EBITDA rose to $6.0 M, and a $1.75 dividend delivered $9.3 M cash.
1. Q4 2025 Results
For the three months ended December 31, 2025, Toro’s vessel revenues rose 17.3% year-over-year to $6.1 million, net income climbed 60% to $1.6 million, EBITDA from continuing operations reached $2.2 million, and cash increased to $87.4 million.
2. Full-Year 2025 Performance and Transactions
For the year ended December 31, 2025, vessel revenues declined 5.8% to $21.1 million and net income fell 76.6% to $5.9 million while EBITDA rose to $6.0 million; the company completed the Handysize tanker spin-off, fully repaid a $100 million senior term loan, and executed two vessel acquisitions and disposals.
3. Dividend and Capital Actions
On October 13, 2025, Toro redeemed 60,000 Castor Maritime preferred shares for $60 million plus accrued distributions. On December 5, 2025, it declared a $1.75 per share special dividend, paid on January 16, 2026 in the form of $9.3 million cash and 7.38 million shares.