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Toro Q2 net income drops 61% to $0.6 million; revenue jumps 71% to $7 million
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Toro Q2 net income drops 61% to $0.6 million; revenue jumps 71% to $7 million
  • Toro posted Q2 net income of USD 0.6 million, down 61% year over year.
  • Vessel revenues from continuing operations rose 71% to USD 7 million.
  • Six-month net income fell 64% to USD 1.1 million, while vessel revenues increased 35% to USD 12.9 million.
  • Completed spin-off of LPG carrier business into AI OKTO; shareholders received one AIOK share per eight Toro shares.
  • Acquired two MR tankers post-quarter for USD 83.4 million; cash and restricted cash totaled USD 80.2 million at June 30.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Toro Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610090900PRIMZONEFULLFEED9842883) on October 09, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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