Loading...
•
Jun 30, 2025
Toro Q2 2025 Earnings Report
Toro reported a profitable Q2 2025 with net income of $1.43M despite lower revenues.
Key Takeaways
Toro Corp. posted a solid quarter with positive net income and improved EPS, driven by disciplined fleet management and a strong cash position, despite a year-over-year revenue decline.
Net income rose to $1.43M, up from $1.14M in Q2 2024.
Total vessel revenues declined to $4.06M from $5.43M a year earlier.
EBITDA increased significantly to $1.27M from $0.23M in Q2 2024.
Toro completed the spin-off of its Handysize tanker segment in April 2025.
Revenue by Segment
Forward Guidance
Toro is focused on optimizing its fleet and capitalizing on market conditions with a debt-free balance sheet and solid liquidity.
Positive Outlook
- Completed spin-off of Handysize segment to streamline operations.
- Strong cash position with $114.7M as of June 30, 2025.
- No outstanding debt, providing financial flexibility.
- Increased earnings per share and net income year-over-year.
- New vessel acquisitions to expand and modernize fleet.
Challenges Ahead
- 24% drop in total vessel revenues compared to Q2 2024.
- Operating loss of $1.16M in Q2 2025.
- Decreased fleet size due to spin-off reduced available days.
- General and administrative expenses remained significant at $1.57M.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...