Quarterly ResultApr 15, 2026, 09:04 AM
Castor Maritime Q4 Net Income Jumps to $17.6M, EPS $1.21
AI Summary
Castor Maritime Inc. reported a significant turnaround in Q4 2025, with net income reaching $17.6 million, a substantial increase from a $32.7 million loss in Q4 2024. Basic EPS also turned positive to $1.21 from a loss of $1.24. While total vessel revenues decreased by 11.3% to $13.3 million, the company's full-year net income for 2025 increased by 40.5% to $21.5 million. The company also redeemed $60 million in preferred shares and secured a new $50 million sustainability-linked loan.
Key Highlights
- Q4 2025 net income: $17.6 million, up from ($32.7) million loss in Q4 2024.
- Q4 2025 basic EPS: $1.21, compared to ($1.24) in Q4 2024.
- Full-year 2025 net income: $21.5 million, a 40.5% increase from 2024.
- Cash and restricted cash: $152.8 million as of December 31, 2025.
- Redeemed $60.0 million Series E Preferred Shares in October 2025.