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Toro's net income rose 30% in Q3 2025, it became debt-free, and completed fleet restructuring.
Toro reported third-quarter 2025 net income of $1.3 million, a 30% increase from the same period in 2024, driven by higher vessel revenues and improved EBITDA.
Earnings per share rose to $0.01 from a loss of $0.01.
The company completed two vessel acquisitions and disposals, spun off its Handysize tanker segment into Robin Energy Ltd., and fully repaid its $100 million senior term loan.
Cash balances declined to $25.1 million, and while full-year net income fell due to a one-time gain in 2024, the company achieved a debt-free balance sheet and steady fleet adjustments.
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El ingreso neto de Toro aumentó un 30% en el tercer trimestre de 2025, quedó libre de deudas y completó la reestructuración de la flota.