Toro Corp. Reports Net Income of $0.6 Million for the Three Months Ended June 30, 2026, and $1.1 Million for the Six Months Ended June 30, 2026

LIMASSOL, Cyprus, Oct. 09, 2026 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO), (“Toro”, or the “Company”), a global energy transportation provider, today announced its results for the three months and the six months ended June 30, 2026. Highlights of the Second Quarter Ended June 30, 2026: Total vessel revenues from continuing operations: $7.0 million, as compared to $4.1 million for the three months ended June 30, 2025, or a 71.3% increase; Net income from continuing operations: $0.6 million, as compared to $1.4 million for the three months ended June 30, 2025, or a 60.9% decrease; Net income: $0.6 million, as compared to $1.4 million for the three months ended June 30, 2025, or a 60.9% decrease; (Loss)/Earnings per common share, basic, from continuing operations: $(0.129) per share, as compared to $0.015 per share for the three months ended June 30, 2025; EBITDA (1) from continuing operations: $1.7 million, as compared to $1.3 million for the three months ended June 30, 2025; Cash and restricted cash of $80.2 million as of June 30, 2026, as compared to $87.4 million as of December 31, 2025;and On April 22, 2026, we declared a special dividend of $0.90 per common share, payable in cash or common shares.

GlobeNewsWire • Oct 9, 2026

Toro: Buy The Parent, Sell The Spin-Off

Toro Corp trades at a 14% discount to estimated NAV, supporting my continued Buy rating. The upcoming AI OKTO spin-off will distribute one AIOK share per eight TORO shares, but I plan to sell AIOK post-spin. TORO's alignment of management and shareholder interests, via substantial insider ownership, differentiates it from its dilutive spin-offs.

Seeking Alpha • Sep 29, 2026

Toro Corp. Announces Record Date for the Proposed Spin-off of its LPG Carrier Business

LIMASSOL, Cyprus, Sept. 21, 2026 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro,” or the “Company”), a global energy transportation services provider, announces that, in relation to the previously announced spin-off of its wholly owned subsidiary, AI OKTO CORP. (“AI OKTO”), the record date has been set to October 1, 2026 (the “Record Date”), and the Company expects to complete the distribution of AI OKTO common shares on or about October 8, 2026. In the spin-off, Toro shareholders will receive one common share of AI OKTO for every eight Toro common shares held at the close of business on the Record Date.

GlobeNewsWire • Sep 21, 2026

Toro Corp. Announces the Acquisitions and Deliveries of Two Tanker Vessels

LIMASSOL, Cyprus, Sept. 18, 2026 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO), (“Toro”, or the “Company”), a global energy transportation services provider, announces that it has entered into agreements, through two separate wholly-owned subsidiaries, to acquire two MR tanker vessels (the “Vessels”), from unaffiliated third parties.

GlobeNewsWire • Sep 18, 2026

Toro Corp. Announces Results of its 2026 Annual General Meeting of Shareholders

LIMASSOL, Cyprus, Sept. 15, 2026 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”) a global energy transportation services provider, announced today that the Company's 2026 Annual General Meeting of Shareholders (the "Meeting") was duly held on September 11, 2026, at 5:00 p.m.

GlobeNewsWire • Sep 15, 2026

Toro: End Market Strength, Innovation-Led Growth, And Margin Expansion Support Buy Rating

The Toro Company is rated a Buy, supported by strong Professional segment growth, innovation-driven market share gains, and margin improvement levers. TTC's Professional segment, now 81% of sales, benefits from multi-year growth in underground construction, golf, and landscape contractor markets. AMP program savings and Residential margin recovery are driving margin expansion, with further improvements expected into FY27.

Seeking Alpha • Sep 10, 2026

Toro Corp. Announces Proposed Spin-Off of its LPG Carrier Business

LIMASSOL, Cyprus, Sept. 09, 2026 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro,” or the “Company”), a global energy transportation services provider, announces that it intends to effect a spin-off of its LPG carrier business.

GlobeNewsWire • Sep 9, 2026

Toro: Revenue And EPS Beat, But The Story Is Messier

The Toro Company delivered a solid Q3 2026, beating revenue and EPS expectations, yet shares dropped nearly 7% on earnings-quality concerns. TTC raised full-year sales and EPS guidance, citing strong demand, AMP program outperformance, and robust residential margin expansion. Professional segment growth was driven by acquisitions and demand, but margin contraction and ongoing input cost pressures remain key risks.

Seeking Alpha • Sep 4, 2026

Toro Corp. Announces the Date of its 2026 Annual General Meeting of Shareholders

LIMASSOL, Cyprus, July 20, 2026 (GLOBE NEWSWIRE) -- Toro Corp. (NASDAQ: TORO) (“Toro”, or the “Company”), a global energy transportation services provider, announced today that its Board of Directors (the ”Board”) has scheduled the Company's 2026 Annual General Meeting of Shareholders (the ”Meeting”) to be held on September 11, 2026, at 5:00 p.m., local time, at 223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, 3036 Limassol, Cyprus. The Board has fixed a record date of July 17, 2026 (the ”Record Date”) for the determination of the shareholders entitled to receive notice of and to vote at the Meeting or any adjournment thereof.

GlobeNewsWire • Jul 20, 2026

Castor's Discount Could Become Toro's Upside

Toro Corp. offers a compelling risk-reward profile, supported by strong shareholder alignment, the CEO's 74.2% stake, and substantial cash reserves. The CEO's decision to receive the special dividends in shares, alongside its insider purchases, strengthens shareholder alignment and signals confidence in further value creation. TORO's core shipping business is stable but secondary to the value embedded in its preferred stake in Castor Maritime, which could unlock significant upside.

Seeking Alpha • Jul 15, 2026