Castor Maritime Inc. Reports Net Income of $17.6 Million for the Three Months Ended December 31, 2025 and Net Income of $21.5 Million for the Year Ended December 31, 2025 in Hellenic Shipping News 16/04/2026 Castor Maritime Inc., a diversified global shipping and energy company, today announced its results for the three months and year ended December 31, 2025. Highlights of the Fourth Quarter Ended December 31, 2025: Total vessel revenues:13.3 million for the three months ended December 31, 2025, as compared to $15.0 million for the three months ended December 31, 2024, or an 11.3% decrease; Revenue from services:9.2 million for the three months ended December 31, 2025; Net income of $17.6 million for the three months ended December 31, 2025, as compared to a $32.7 million loss for the three months ended December 31, 2024, or a 153.8% increase; Adjusted net income(1) of $5.2 million for the three months ended December 31, 2025, as compared to a $7.7 million loss for the three months ended December 31, 2024; Earnings / (loss) per common share, basic:1.21 per share for the three months ended December 31, 2025, as compared to ($1.24) per share for the three months ended December 31, 2024; EBITDA(1): $23.5 million for the three months ended December 31, 2025, as compared to $(28.7) million for the three months ended December 31, 2024; Adjusted EBITDA(1): $11.2 million for the three months ended December 31, 2025, as compared to $3.4 million for the three months ended December 31, 2024; Cash and restricted cash of $152.8 million as of December 31, 2025, as compared to $87.9 million as of December 31, 2024; On October 13, 2025, we and Toro Corp. (“Toro”) agreed to the full redemption of 60,000 shares of our 8.75% Series E Cumulative Perpetual Convertible Preferred Shares issued by us in September 2025 (the “Series E Preferred Shares”), for cash consideration equal to its stated amount of $60.0 million plus 0.523% thereof, including accrued and unpaid distributions; and On October 13, 2025, we secured a $50.0 million sustainability-linked senior term loan facility with a five-year tenor. Highlights of the Year Ended December 31, 2025: Total vessel revenues:46.2 million for the year ended December 31, 2025, as compared to $65.1 million for the year ended December 31, 2024, or a 29.0% decrease; Revenue from services:35.6 million for the year ended December 31, 2025; Net income of $21.5 million for the year ended December 31, 2025, as compared to $15.3 million for the year ended December 31, 2024, or a 40.5% increase; Adjusted net income(1) of $14.5 million for the year ended December 31, 2025, as compared to $30.9 million for the year ended December 31, 2024; Earnings per common share, basic:1.13 per share for the year ended December 31, 2025, as compared to $3.50 per share for the year ended December 31, 2024; EBITDA(1): $40.2 million for the year ended December 31, 2025, as compared to $29.7 million for the year ended December 31, 2024; Adjusted EBITDA(1): $33.2 million for the year ended December 31, 2025, as compared to $52.3 million for the year ended December 31, 2024; In addition to the full redemption of the Series E Preferred Shares, during the year ended December 31, 2025, the Company completed full repayment of its $100 million senior term loan from Toro; and During the year ended December 31, 2025, the Company completed four vessel disposals. Management Commentary for Fourth Quarter 2025: Mr. Petros Panagiotidis, Chief Executive Offi