CTRM

LIMASSOL, Cyprus, Oct. 01, 2025 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM) (“Castor” or the “Company”), a diversified global shipping and energy company, today announced its results for the three months and six months ended June 30, 2025. Highlights of the Second Quarter Ended June 30, 2025: Total vessel revenues: $10.2 million for the three months ended June 30, 2025, as compared to $16.3 million for the three months ended June 30, 2024, or a 37.4% decrease; Net income of $6.3 million for the three months ended June 30, 2025, as compared to $22.9 million for the three months ended June 30, 2024, or a 72.5% decrease; Adjusted net income(1) of $2.0 million for the three months ended June 30, 2025, as compared to $21.5 million for the three months ended June 30, 2024; Earnings per common share, basic: $0.34 per share for the three months ended June 30, 2025, as compared to $2.29 per share for the three months June 30, 2024; EBITDA (1): $10.7 million for the three months ended June 30, 2025, as compared to $26.5 million for the three months ended June 30, 2024; Adjusted EBITDA (1): $6.4 million for the three months ended June 30, 2025, as compared to $25.2 million for the three months ended June 30, 2024; Cash of $44.8 million as of June 30, 2025, as compared to $87.9 million as of December 31, 2024; and During the three months ended June 30, 2025, the Company completed two vessel disposals and whereas during the three months ended June 30, 2024, completed four vessel disposals. Highlights of the Six Months Ended June 30, 2025: Total vessel revenues: $21.5 million for the six months ended June 30, 2025, as compared to $36.7 million for the six months ended June 30, 2024, or a 41.4% decrease; Net loss of $17.0 million for the six months ended June 30, 2025, as compared to net income of $45.2 million for the six months ended June 30, 2024, or a 137.6% decrease; Adjusted net income(1) of $6.9 million for the six months ended June 30, 2025, as compared to $33.9 million for the six months ended June 30, 2024; (Loss) / Earnings per common share, basic: $(1.84) per share for the six months ended June 30, 2025, as compared to $4.52 per share for the six months June 30, 2024; EBITDA (1): $(7.6) million for the six months ended June 30, 2025, as compared to $53.3 million for the six months ended June 30, 2024; Adjusted EBITDA (1): $16.3 million for the six m...

LIMASSOL, Cyprus, Sept. 15, 2025 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM), (“Castor” or the “Company”), a diversified global shipping and energy company, announced today that the Company’s 2025 Annual General Meeting of Shareholders (the "Meeting") was duly held on September 12, 2025, at 6:00 p.m., local time, at 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus. At the Meeting, the following proposals were approved and adopted: About Castor Maritime Inc. Castor Maritime Inc. is a diversified global shipping and energy company, with activities directly and indirectly in asset management, vessel ownership, technical and commercial ship management and energy infrastructure projects. Castor’s fleet comprises 9 vessels, with an aggregate capacity of 0.6 million dwt. Castor is also the majority shareholder of the Frankfurt-listed asset manager MPC Münchmeyer Petersen Capital AG. For more information please visit the Company’s website at www.castormaritime.com. Information on our website does not constitute a part of this press release. CONTACT DETAILS For further information please contact: Petros Panagiotidis Castor Maritime Inc. Email: [email protected] Media Contact: Kevin Karlis Capital Link Email: [email protected]

LIMASSOL, Cyprus, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM) (“Castor” or the “Company”), a diversified global shipping and energy company, today announced its results for the three months ended March 31, 2025. Highlights of the First Quarter Ended March 31, 2025: Total vessel revenues: $11.3 million for the three months ended March 31, 2025, as compared to $20.4 million for the three months ended March 31, 2024, or a 44.6% decrease; Net loss of $23.3 million for the three months ended March 31, 2025, as compared to net income of $22.3 million for the three months ended March 31, 2024, or a 204.5% decrease. The loss is primarily attributable to unrealized losses of $26.4 million recognized as of March 31, 2025, resulting from the remeasurement of our equity method investments to period-end fair market values; Adjusted net income(1) of $4.9 million for the three months ended March 31, 2025, as compared to adjusted net income of $12.4 million for the three months ended March 31, 2024; (Loss) / earnings per common share, basic: $(2.18) per share for the three months ended March 31, 2025, as compared to $2.23 per share for the three months March 31, 2024; EBITDA (1): $(18.3) million for the three months ended March 31, 2025, as compared to $26.8 million for the three months ended March 31, 2024; Adjusted EBITDA (1): $9.9 million for the three months ended March 31, 2025, as compared to $16.9 million for the three months ended March 31, 2024; Cash of $78.3 million as of March 31, 2025, as compared to $87.9 million as of December 31, 2024; On March 24, 2025, March 31, 2025 and April 29, 2025, Castor made partial prepayments to the term loan from Toro Corp. (“Toro”), amounting to $13,500,000, $34,000,000 and $14,000,000, respectively, in addition to $2,500,000 as part of the scheduled repayment of the loan. On May 5, 2025, we prepaid the amount of $36,000,000 that remained outstanding as of that date; and For the three months ended March 31, 2025, the Company completed two vessel disposals and for the three months ended March 31, 2024, completed three vessel disposals. (1) EBITDA, Adjusted EBITDA and adjusted net income are not recognized measures under United States generally accepted accounting principles (“U.S. GAAP”). Please refer to Appendix B for the definition of these measures and reconciliation to Net income / (Loss), the most di...

LIMASSOL, Cyprus, May 14, 2025 (GLOBE NEWSWIRE) -- Castor Maritime Inc. (NASDAQ: CTRM) (“Castor” or the “Company”), a diversified global shipping and energy company, today announced its results for the three months and year ended December 31, 2024. Highlights of the Year Ended December 31, 2024: Total vessel revenues from continuing operations: $65.1 million for the year ended December 31, 2024, as compared to $97.5 million for the year ended December 31, 2023, or a 33.2% decrease; Net income from continuing operations: $15.3 million for the year ended December 31, 2024, as compared to net income of $21.3 million for the year ended December 31, 2023, or a 28.2% decrease; Net income of $15.3 million for the year ended December 31, 2024, as compared to $38.6 million for the year ended December 31, 2023, or a 60.4% decrease; Earnings per common share, basic from continuing operations: $3.50 per share for the year ended December 31, 2024, as compared to $2.05 per share for the year ended December 31, 2023; EBITDA from continuing operations(1): $29.7 million for the year ended December 31, 2024, as compared to $51.6 million for the year ended December 31, 2023; and Adjusted EBITDA from continuing operations(1): $51.4 million for the year ended December 31, 2024, as compared to $46.5 million for the year ended December 31, 2023. Cash and restricted cash of $87.9 million as of December 31, 2024, as compared to $120.9 million as of December 31, 2023; For the year ended December 31, 2024, the Company completed three acquisitions and seven disposals and for the year ended December 31, 2023, there were no vessels acquired or sold; On December 11, 2024, the Company entered into a facility agreement with Toro Corp. (“Toro”) to borrow a $100.0 million senior term loan facility from Toro, which was drawn down on the same date; On December 12, 2024, the Company agreed to issue to Toro an additional 50,000 5.00% Series D Cumulative Perpetual Convertible Preferred Shares of Castor (“Series D Preferred Shares”) with a stated amount of $1,000 per share for total consideration of $50.0 million in cash; On December 12, 2024, the Company, through a wholly owned subsidiary, entered into a share purchase agreement, pursuant to which the Company agreed to acquire from MPC Münchmeyer Petersen & Co. GmbH (“MPC Holding”), subject to certain terms and conditions, 26,116,378 shares of com...