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
Toro Corp. reported net income of $0.6 million for the second quarter of 2026 and $1.1 million for the first six months. Second-quarter vessel revenue from continuing operations rose 71.3% year over year to $7.0 million, while net income fell 60.9% to $0.6 million.
Why it matters — The results show higher quarterly vessel revenue alongside lower net income, with cash and restricted cash totaling $80.2 million at June 30, 2026.