Toro Corp. announced its financial results for the three months ended June 30, 2025. The company reported total vessel revenues from continuing operations of $4.1 million, representing a 24.1% decrease compared to $5.4 million for the same period in 2024.
Net income from continuing operations for the second quarter of 2025 was $1.4 million, a decrease from $2.0 million in the second quarter of 2024. For the six months ended June 30, 2025, net income from continuing operations totaled $3.0 million.
The continued decline in both revenue and net income from continuing operations highlights ongoing operational challenges for Toro Corp. as it navigates its strategic fleet transformation.
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