Castor Maritime Inc. Reports Net Income of $69.2 Million for the Three Months Ended March 31, 2026 in International Shipping News 03/06/2026 Castor Maritime Inc., a diversified global shipping and energy company, today announced its results for the three months ended March 31, 2026. Highlights of the First Quarter Ended March 31, 2026: Total vessel revenues:11.9 million for the three months ended March 31, 2026, as compared to $11.3 million for the three months ended March 31, 2025, or a 5.3% increase; Revenue from services:9.3 million for the three months ended March 31, 2026, as compared to $9.0 million for the three months ended March 31, 2025, or a 3.3% increase; Net income of $69.2 million for the three months ended March 31, 2026, as compared to a $23.3 million loss for the three months ended March 31, 2025, or a 397.0% increase; Adjusted net income(1) of $9.6 million for the three months ended March 31, 2026, as compared to $4.9 million for the three months ended March 31, 2025; Earnings / (loss) per common share, basic:4.65 per share for the three months ended March 31, 2026, as compared to $(2.18) per share for the three months ended March 31, 2025; EBITDA(1): $74.8 million for the three months ended March 31, 2026, as compared to $(18.3) million for the three months ended March 31, 2025; Adjusted EBITDA(1): $15.2 million for the three months ended March 31, 2026, as compared to $9.9 million for the three months ended March 31, 2025; and Cash and restricted cash of $192.8 million as of March 31, 2026, as compared to $152.8 million as of December 31, 2025.(1) Adjusted net income, EBITDA and Adjusted EBITDA are not recognized measures under United States generally accepted accounting principles (“U.S. GAAP”). Please refer to Appendix B for the definitions of these measures and reconciliation to Net income / (Loss), the most directly comparable financial measure calculated and presented in accordance with U.S. GAAP. Management Commentary for First Quarter 2026