Castor Maritime (CTRM) investor relations material

Executive summary

• Net income for Q3 2025 was $21.0 million, a 650% increase year-over-year, while nine-month net income was $4.0 million, down 91.7% from the prior year.

• Total vessel revenues for Q3 2025 were $11.4 million, down 14.9% year-over-year; nine-month vessel revenues fell 34.3% to $32.9 million.

• Revenue from services, mainly from the acquired MPC Capital, contributed $9.5 million in Q3 and $26.3 million for the nine months.

• Cash position increased to $123.8 million as of September 30, 2025, from $87.9 million at year-end 2024.

Financial highlights

• Adjusted net income for Q3 2025 was $2.4 million, down from $4.6 million in Q3 2024; for nine months, adjusted net income was $9.3 million, down from $38.6 million.

• Basic EPS for Q3 2025 was $1.76, up from $0.21; for nine months, basic EPS was $(0.08), down from $4.73.

• EBITDA for Q3 2025 was $24.3 million (vs. $5.0 million); adjusted EBITDA was $5.7 million (vs. $6.8 million). For nine months, EBITDA was $16.7 million (vs. $58.3 million); adjusted EBITDA was $22.0 million (vs. $48.9 million).

• Other income in Q3 2025 was $12.9 million, mainly from a $10.6 million gain on listed equity securities and $1.4 million in FX gains.

Outlook and guidance

• Management remains optimistic about dry-bulk market fundamentals and is focused on disciplined funding and balance sheet optimization.