Castor Maritime reported total Revenue of $46,825,386 and Operating Income of $72,952,482 for the six months ended June 30, 2026. Investors also received balance-sheet figures showing $108,443,675 in cash and cash equivalents, alongside vessel Assets of $231,708,277 at the period’s end.

Key Highlights

  • Castor Maritime’s vessels, net, stood at $231,708,277 on June 30, 2026.
  • Total current assets were $154,955,405 at the end of the six-month period.
  • Accounts receivable trade, net, reached $10,487,141 on June 30, 2026.

Castor Maritime Inc. (NASDAQ: CTRM) reported total revenues of $46,825,386 for the six months ended June 30, 2026. Operating income was $72,952,482 for the same period. Cash and cash equivalents stood at $108,443,675 at June 30, 2026.

Vessel Assets

Vessels, net, totaled $231,708,277 at June 30, 2026, compared with $156,496,033 at December 31, 2025. Property, plant and equipment, net, was $33,027,270 at the end of the period, versus $34,658,519 at December 31, 2025. Restricted cash was $1,000,000 at both dates. Deferred charges, net, increased to $8,588,853 from $6,066,454.

Current Assets

Castor Maritime recorded total current assets of $154,955,405 at June 30, 2026, compared with $221,414,874 at December 31, 2025. Trade accounts receivable, net, were $10,487,141, up from $7,909,514. Due from related parties, current, was $9,938,847 at June 30, 2026, compared with $13,155,509 at December 31, 2025. Inventories were $1,168,363, versus $791,788. Prepaid expenses and other current assets reached $3,668,171 from $3,407,988. Income tax receivable rose to $16,808,839 from $15,514,617. Investment in Equity securities was $1,170,409 at June 30, 2026, compared with $27,759,775 at the earlier balance-sheet date. Investment in Debt securities, current, increased to $2,561,855 from $554,924. Accrued charter revenue was $241,357 at June 30, 2026, while derivative assets were $466,748, compared with $545,630 at December 31, 2025.

Six-Month Financial Measures

The interim results covered the six months ended June 30, 2026. Revenue comprised total vessel revenues and revenue from services in the consolidated interim statements. The balance sheets showed cash and cash equivalents of $108,443,675 at June 30, 2026, compared with $151,775,129 at December 31, 2025. Non-current due from related parties was $2,893,839 at both dates. Prepaid expenses and other non-current assets were $978,459 at June 30, 2026, compared with $805,182 at December 31, 2025.