Castor Maritime (CTRM) investor relations material

Executive summary

• Net income reached $26.8 million for Q2 2026, up 325.4% year-over-year; six-month net income was $96.0 million, reversing a prior-year loss.

• Total vessel revenues rose 46.1% year-over-year to $14.9 million in Q2 2026; service revenues increased 37.2% to $10.7 million.

• Stronger dry bulk market conditions and higher charter rates drove significant improvements in Daily TCE Rate and overall profitability.

• Two modern-eco Kamsarmax bulk carriers were acquired, and a portion of a sustainability-linked loan was prepaid.

Financial highlights

• Q2 2026 adjusted net income was $11.6 million, up from $2.0 million in Q2 2025; adjusted EBITDA was $16.8 million, up from $6.4 million.

• Six-month adjusted net income was $21.3 million, up from $6.9 million; adjusted EBITDA was $32.1 million, up from $16.3 million.

• Basic EPS for Q2 2026 was $1.70, up from $0.34; six-month basic EPS was $6.35, up from $(1.84).

• Cash and restricted cash stood at $109.4 million as of June 30, 2026, down from $152.8 million at year-end 2025.

• Total debt decreased to $73.8 million from $85.6 million at year-end 2025.

Outlook and guidance

• Management expects to capitalize on improved market conditions and maintain disciplined capital allocation to pursue long-term shareholder value.