Castor Maritime Inc. Reports $10.2 Million Vessel Revenues and $6.3 Million Net Income for Q2 2025
Castor Maritime Inc. reported Q2 2025 vessel revenues of $10.2 million and a net income of $6.34 million, down from $22.85 million in Q2 2024. For the first half of 2025, the company faced a net loss of $17.01 million, contrasting with a net income of $45.19 million in the same period last year. The company is pursuing a fleet renewal strategy, selling older vessels. Adjusted EBITDA and net income metrics were also discussed, highlighting differences in computation methods.
For the three months ended June 30, 2025, Castor Maritime Inc. reported net income of $6.34 million, compared to $22.85 million for the same period in 2024. For the six months ended June 30, 2025, the company reported a net loss of $17.01 million, compared to net income of $45.19 million for the same period in 2024. EBITDA is defined as earnings before interest and finance costs, net of interest income, taxes, and depreciation and amortization of deferred dry-docking costs. Adjusted EBITDA excludes unrealized gain or loss on equity securities and equity method investments, as well as non-recurring expenses. Adjusted Net Income is derived from Net Income by excluding certain non-cash items, including unrealized losses from investments measured at fair value and other items that may vary year to year for reasons unrelated to overall operating performance. The company’s method of computing Adjusted Net Income may differ from similarly titled measures used by other companies. During the second quarter of 2025, the company continued its fleet renewal strategy with the sale of older vessels. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Castor Maritime Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-25-036884), on October 01, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
