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Jun 30
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.
Toro
Toro
Toro Revenue by Segment
Revenue by Segment
Time Charter Revenue
CapyFin.comPool Revenues Revenue
CapyFin.com 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.
- Interest and finance income decreased from prior year.