Castor Maritime Inc Stock Price, News & Analysis

Castor Maritime (NASDAQ: CTRM) reported results for the three and nine months ended September 30, 2025. Key Q3 highlights: net income $21.0M, EBITDA $24.3M, adjusted net income $2.4M, and cash of $123.8M. Q3 total vessel revenues were $11.4M (down 14.9% YoY) and Available Days fell to 785 due to vessel sales. Nine‑month results show total vessel revenues of $32.9M (down 34.3% YoY) and net income of $4.0M (down 91.7% YoY). Financing moves include full repayment of a Toro term loan, a five‑year $50M sustainability‑linked facility, a $14.6M sale‑and‑leaseback, and temporary Series E preferred issuance and full redemption.

Castor Maritime (NASDAQ: CTRM) agreed on a $50.0 million five‑year sustainability‑linked senior term loan with a European bank, secured by a first‑priority mortgage on four dry bulk vessels and guaranteed by the company; interest is Term SOFR plus a margin adjustable by sustainability performance and net proceeds will be used for general corporate purposes.

On October 13, 2025, Castor and Toro agreed to the full redemption and cancellation of 60,000 shares of 8.75% Series E cumulative perpetual convertible preferred shares for cash equal to stated amount plus 0.523% and accrued distributions; Toro’s chairman/CEO is also Castor’s chairman/CEO/CFO.

Castor Maritime (NASDAQ:CTRM) reported challenging Q2 2025 results, with significant year-over-year declines across key metrics. Total vessel revenues decreased by 37.4% to $10.2 million, while net income fell 72.5% to $6.3 million compared to Q2 2024. The company's cash position declined to $44.8 million from $87.9 million in December 2024.

During Q2, Castor completed two vessel disposals and made substantial debt prepayments, reducing total debt to $5.3 million as of June 30, 2025. The company also announced a new $60 million Series E Preferred Shares issuance to Toro Corp. with an 8.75% distribution rate.

The decline in performance was attributed to reduced Available Days following vessel sales and lower dry bulk charter rates. Management remains confident in long-term fundamentals despite near-term market headwinds.

Castor Maritime Inc. (NASDAQ: CTRM), a diversified global shipping and energy company, held its 2025 Annual General Meeting of Shareholders on September 12, 2025, in Limassol, Cyprus. The shareholders approved two key proposals: the re-election of Mr. Dionysios Makris as Class B Director until 2028 and the appointment of Deloitte Certified Public Accountants S.A. as independent auditors for fiscal year 2025.

The company currently operates a fleet of 9 vessels with a total capacity of 0.6 million dwt and holds a majority stake in Frankfurt-listed asset manager MPC Münchmeyer Petersen Capital AG.

Castor Maritime Inc. (NASDAQ: CTRM) reported challenging Q1 2025 results with significant declines across key metrics. The company posted a net loss of $23.3 million, compared to net income of $22.3 million in Q1 2024, primarily due to $26.4 million in unrealized losses from equity method investments.

Total vessel revenues decreased 44.6% to $11.3 million from $20.4 million in Q1 2024. The company maintained a strong cash position of $78.3 million as of March 31, 2025. Notably, Castor fully repaid its $100 million Toro loan through multiple prepayments during Q1 2025.

The company completed two vessel disposals during Q1 2025 and has continued its fleet optimization strategy with additional vessel sales. The average Daily TCE Rate declined to $9,555 from $13,411 in the same period last year, reflecting softer dry bulk market conditions.

Castor Maritime Inc. (NASDAQ: CTRM) has completed a sale and leaseback transaction for its vessel M/V Magic Thunder, a 2011-built Kamsarmax bulk carrier. The transaction, finalized on July 29, 2025, involves a $14.6 million bareboat financing arrangement with a Japanese counterparty.

The agreement spans five years and includes a purchase option for Castor starting from the end of the second year. The Company currently operates a fleet of 9 vessels with a total capacity of 0.6 million dwt and holds a majority stake in Frankfurt-listed asset manager MPC Münchmeyer Petersen Capital AG.

Castor Maritime Inc. (NASDAQ: CTRM), a diversified global shipping and energy company, has announced its 2025 Annual General Meeting of Shareholders scheduled for September 12, 2025 at 6:00 p.m. local time in Limassol, Cyprus.

The company has set July 14, 2025 as the record date for determining shareholders eligible to vote. Proxy materials will be distributed around July 29, 2025 and will be available on both the SEC website and Castor's corporate website.

Castor currently operates a fleet of 9 vessels with a total capacity of 0.6 million dwt and holds a majority stake in Frankfurt-listed asset manager MPC Münchmeyer Petersen Capital AG.

Castor Maritime (NASDAQ: CTRM) has announced the filing of its 2024 Annual Report on Form 20-F with the SEC. The report, containing audited consolidated financial statements for the fiscal year ended December 31, 2024, is now available on both the SEC website and the company's website under the "Investors" section.

Castor Maritime operates as a diversified global shipping and energy company, managing a fleet of 9 vessels with a total capacity of 0.6 million dwt. The company is also the majority shareholder of Frankfurt-listed asset manager MPC Münchmeyer Petersen Capital AG. Their business activities include asset management, vessel ownership, technical and commercial ship management, and energy infrastructure projects.

Castor Maritime (NASDAQ: CTRM) reported its Q4 and full-year 2024 results, showing significant changes in financial performance. Total vessel revenues declined 33.2% to $65.1 million in 2024, compared to $97.5 million in 2023. Net income decreased 60.4% to $15.3 million in 2024 from $38.6 million in 2023. The company's cash position dropped to $87.9 million from $120.9 million year-over-year. A major highlight was the strategic acquisition of MPC Capital for €182.8 million, representing 74.09% ownership, completed on December 16, 2024. This acquisition marks Castor's entry into asset management in shipping and energy infrastructure. The company secured financing through a $100 million loan from Toro and issued 50,000 Series D Preferred Shares for $50 million. The company also completed three vessel acquisitions and seven disposals during 2024, modernizing its fleet while maintaining a strong balance sheet.