Toro Corp. announced its financial results for the three months ended March 31, 2025. The company reported total vessel revenues from continuing operations of $5.5 million, marking a 14.1% decrease compared to $6.4 million for the same period in 2024.
Net income from continuing operations for the first quarter of 2025 stood at $1.5 million. This figure is a decrease from the $2.0 million net income reported in the first quarter of 2024.
As of the reporting date, Toro Corp. operated a fleet of four LPG carriers. The decline in key financial metrics from continuing operations highlights the transitional nature of the company's current operational phase.
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