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Castor Maritime (CTRM) investor relations material
Castor Maritime Q1 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net income reached $69.2 million for Q1 2026, reversing a $23.3 million loss in Q1 2025, driven by improved market conditions and significant unrealized fair value gains from listed equity holdings.
Total vessel revenues increased 5.3% year-over-year to $11.9 million, while revenue from services rose 3.3% to $9.3 million.
Strong performance in both dry bulk and containership sectors, with higher charter rates and steady demand supporting results.
Financial highlights
Adjusted net income was $9.6 million, up from $4.9 million year-over-year.
EBITDA was $74.8 million, compared to a negative $18.3 million in Q1 2025; Adjusted EBITDA rose to $15.2 million from $9.9 million.
Basic EPS was $4.65, compared to a loss of $2.18 per share in Q1 2025.
Cash and restricted cash increased to $192.8 million as of March 31, 2026, from $152.8 million at year-end 2025.
Total revenues for Q1 2026 were $21.3 million, up from $20.3 million in Q1 2025.
Outlook and guidance
Management maintains a positive outlook, citing improved freight rates and robust charter demand in both dry bulk and containership markets.
Focus remains on disciplined capital management and pursuing opportunities to enhance long-term shareholder value.
- Net income surged in 2025, driven by higher charter rates and strategic asset management.CTRM
Q4 202515 Apr 2026 - Revenue and earnings fell sharply in Q1 2025, but debt reduction improved financial flexibility.CTRM
Q1 202517 Mar 2026 - Q3 2025 net income surged to $21M on investment gains, with strong liquidity and high fleet utilization.CTRM
Q3 20253 Dec 2025 - Revenue and earnings fell sharply in 2025, but debt was substantially reduced.CTRM
Q2 20251 Oct 2025 - Net income rebounded and debt plummeted as Castor Maritime expanded its fleet in 2024.CTRM
Q3 202413 Jun 2025 - Q2 2024 net income soared 179% year-over-year as vessel sales and investments boosted results.CTRM
Q2 202413 Jun 2025 - MPC Capital acquisition diversifies Castor Maritime as shipping revenues decline in 2024.CTRM
Q4 20245 Jun 2025
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