Toro Corp. Reports Net Income of $0.6 Million for the Three Months Ended June 30, 2026, and $1.1 Million for the Six Months Ended June 30, 2026
Globe Newswire•09/10/2026•09:00 ET
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Key Highlights
- ➤Second-quarter vessel revenue $7.0 million, up 71.3% year over year
- ➤Second-quarter net income $0.6 million, down 60.9% year over year
- ➤September acquisitions added M/T Wonder Alasia for $45.9 million
- ➤September acquisitions added M/T Wonder Atria for $37.5 million
- ➤AI OKTO spin-off transferred two LPG carriers and $45.0 million cash
Expert Statements
Petros Panagiotidis, Chief Executive Officer of Toro Corp.
“In the first half of 2026, we achieved strong vessel utilization across the fleet, with all our assets productively employed under time-charter contracts. Post quarter, we acquired two MR tanker vessels, further expanding our fleet and reinforcing our commitment to sustainable growth. In addition to that, we completed the spin-off of our LPG carrier business into AI OKTO CORP., an independent Nasdaq-listed entity under the ticker “AIOK”.”
LIMASSOL, Cyprus, Oct. 09, 2026 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO), (“Toro”, or the “Company”), a global energy transportation provider, today announced its results for the three months and the six months ended June 30, 2026.
Highlights of the Second Quarter Ended June 30, 2026: * Total vessel revenues from continuing operations: $7.0 million, as compared to $4.1 million for the three months ended June 30, 2025, or a 71.3% increase;
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