Castor Maritime
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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.
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Q1 2026 earnings summary2 Jun, 2026

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.

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