Castor Maritime, a diversified global shipping and energy company, announced its results for the three months and six months ended June 30, 2025.
Highlights of the Second Quarter Ended June 30, 2025:
Highlights of the Six Months Ended June 30, 2025:
(1) EBITDA, Adjusted EBITDA and adjusted net income are not recognized measures under United States generally accepted accounting principles (“U.S. GAAP”). Please refer to Appendix B for the definition of these measures and reconciliation to Net income / (Loss), the most directly comparable financial measure calculated and presented in accordance with U.S. GAAP.
Management Commentary for Second Quarter 2025:
Mr. Petros Panagiotidis, Chief Executive Officer of Castor, commented: “Amid ongoing market headwinds in the dry bulk sector during the second quarter of 2025, we advanced our fleet renewal strategy through the sale of older vessels, further enhancing efficiency and overall quality. While near-term market conditions remain challenging, we are confident in the sector’s long-term fundamentals and in our ability to capture future opportunities. Backed by a solid balance sheet, the strength and strategic flexibility of our business model, reinforces our belief that disciplined capital deployment and portfolio renewal can deliver value.”
