Toro Corp. reports Q1 EPS 1.8c vs $1.10 last year

Reports Q1 revenue $5.5M vs $6.4M last year. Petros Panagiotidis, Chief Executive Officer of the Company, commented: “In the first quarter of 2025, despite reduced rates from our tanker segment compared to the same period in 2024, Toro maintained solid operational performance with strong cash inflows from the partial repayment of a senior term loan, which was fully repaid shortly after the end of the first quarter. Since then, the Company has expanded its fleet with the addition of a modern MR tanker and agreed to sell one LPG vessel. On July 10th, Toro has also launched a share repurchase tender offer for 4.5 million of its own shares to deliver value to our shareholders. Toro remains focused on optimizing its fleet and delivering long-term value to shareholders.”