- Toro Corp. reported **net income of $1.4 million** for the three months ended June 30, 2025, and **$3.0 million** for the six months ended June 30, 2025.  **[1941131_0001140361-25-036885_ef20056143_ex99-1.htm:0]** 
- Total vessel revenues from continuing operations were **$4.1 million** for the three months ended June 30, 2025, representing a **24.1% decrease** compared to the same period in 2024, and **$9.6 million** for the six months ended June 30, 2025, an **18.6% decrease**.  **[1941131_0001140361-25-036885_ef20056143_ex99-1.htm:0]** 
- The company's cash position increased to **$114.7 million** as of June 30, 2025, from $37.2 million at December 31, 2024, supported by a **debt-free balance sheet**.  **[1941131_0001140361-25-036885_ef20056143_ex99-1.htm:0]** **[1941131_0001140361-25-036885_ef20056143_ex99-1.htm:2]** 
- Strategic activities included the completion of the **spin-off of its Handysize tanker segment** to Robin Energy Ltd. on April 14, 2025, and a **tender offer** to repurchase common shares at **$2.75 per share**, which expired on August 7, 2025.  **[1941131_0001140361-25-036885_ef20056143_ex99-1.htm:0]** **[1941131_0001140361-25-036885_ef20056143_ex99-1.htm:2]** 
- Toro Corp. also made a **$60 million investment** in Castor Series E Cumulative Perpetual Convertible Preferred Shares on September 29, 2025, and acquired the **M/T Wonder Maia** MR2 tanker vessel for **$30.3 million** on September 29, 2025.  **[1941131_0001140361-25-036885_ef20056143_ex99-1.htm:2]** **[1941131_0001140361-25-036885_ef20056143_ex99-1.htm:3]**

Toro Corp. Reports Q2 2025 Financial Results and Strategic Updates

- Toro Corp. has entered into an agreement to sell its **Dream Terrax**, a 2020-built 5,000 cbm LPG Carrier vessel.  **[1941131_0001140361-25-035062_ef20055638_ex99-1.htm:0]** 
- The sale price for the vessel is **$20 million**.  **[1941131_0001140361-25-035062_ef20055638_ex99-1.htm:0]** 
- The buyer is a wholly owned subsidiary of **Robin Energy Ltd.**, an entity controlled by Toro's Chairman and Chief Executive Officer.  **[1941131_0001140361-25-035062_ef20055638_ex99-1.htm:0]** 
- Following this transaction, Toro's fleet will comprise **two LPG carriers and one MR tanker vessel**.  **[1941131_0001140361-25-035062_ef20055638_ex99-1.htm:0]**

TORO (TORO)