Castor Maritime Earnings Reports

Castor Maritime posted $21.0M in net income in Q3 2025, driven by gains from investments and improved EBITDA. Operating income came in at $4.3M while adjusted EPS was modestly positive. Vessel revenue declined due to fewer ownership days, but high TCE rates and asset management income supported overall performance.

In Q2 2025, Castor Maritime saw a significant drop in revenue and net income compared to the prior year, impacted by lower vessel activity and market conditions. The company continued its strategy of fleet renewal and asset optimization.

Castor Maritime Inc. experienced a decline in its financial performance in Q4 2024, with total vessel revenues decreasing to $15.0 million from $26.4 million in the same period of 2023. The company reported a net loss of $32.7 million, a significant shift from a net income of $25.0 million in Q4 2023. This downturn was largely attributed to reduced available days and lower charter rates for its dry bulk vessels, alongside a substantial loss from investments in listed equity securities. Despite the challenges, the company completed the acquisition of MPC Capital, diversifying its business into asset management, and maintained a strong liquidity position.