Upcoming Dividend • Apr 27
Upcoming dividend of US$0.90 per share Eligible shareholders must have bought the stock before 04 May 2026. Payment date: 05 June 2026. Trailing yield: 25%. Within top quartile of American dividend payers (4.3%). Higher than average of industry peers (3.3%). Duyuru • Apr 24
Toro Corp. Declares A One-Time Special Dividend, Payable on June 5, 2026 Toro Corp. announced that the company's board of directors has declared a one-time, special dividend of $0.90 per common share, consisting of either cash or the Company’s common shares. The dividend is payable to the Company’s shareholders of record at the close of business on May 4, 2026 and is expected to be paid on June 5, 2026. New Risk • Apr 22
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of American stocks, typically moving 22% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Earnings have declined by 23% per year over the past 5 years. High level of non-cash earnings (30% accrual ratio). Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). Reported Earnings • Apr 16
Full year 2025 earnings released: EPS: US$0.062 (vs US$0.038 loss in FY 2024) Full year 2025 results: EPS: US$0.062 (up from US$0.038 loss in FY 2024). Revenue: US$21.1m (down 5.9% from FY 2024). Net income: US$1.11m (up US$1.77m from FY 2024). Profit margin: 5.3% (up from net loss in FY 2024). The move to profitability was driven by lower expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 83 percentage points per year, which is a significant difference in performance. New Risk • Apr 09
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 55% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 20% per year over the past 5 years. Shareholders have been substantially diluted in the past year (55% increase in shares outstanding). New Risk • Jan 21
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$86.5m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 20% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (US$86.5m market cap). Upcoming Dividend • Jan 13
Upcoming dividend of US$1.75 per share Eligible shareholders must have bought the stock before 20 January 2026. Payment date: 16 January 2026. Trailing yield: 12%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (6.8%). Upcoming Dividend • Dec 09
Upcoming dividend of US$1.75 per share Eligible shareholders must have bought the stock before 16 December 2025. Payment date: 16 January 2026. Trailing yield: 14%. Within top quartile of American dividend payers (4.4%). Higher than average of industry peers (7.1%). Duyuru • Dec 05
Toro Corp. Declares Special Dividend, Payable on January 16, 2026 Toro Corp. announced that the company's board of directors has declared a one-time, special dividend of $1.75 per common share, consisting of either cash or the Company’s common shares. The dividend is payable to the Company’s shareholders of record at the close of business on December 16, 2025 and is expected to be paid on January 16, 2026 (the “Dividend Payment Date”). Duyuru • Nov 14
Toro Corp. has filed a Follow-on Equity Offering in the amount of $12.5 million. Toro Corp. has filed a Follow-on Equity Offering in the amount of $12.5 million.
Security Name: Common Shares
Security Type: Common Stock
Transaction Features: At the Market Offering Reported Earnings • Oct 01
Second quarter 2025 earnings released: EPS: US$0.081 (vs US$0.009 loss in 2Q 2024) Second quarter 2025 results: EPS: US$0.081 (up from US$0.009 loss in 2Q 2024). Revenue: US$4.06m (down 26% from 2Q 2024). Net income: US$1.43m (up US$1.57m from 2Q 2024). Profit margin: 35% (up from net loss in 2Q 2024). The move to profitability was driven by lower expenses. Duyuru • Jul 30
Toro Corp., Annual General Meeting, Sep 12, 2025 Toro Corp., Annual General Meeting, Sep 12, 2025, at 17:00 GTB Standard Time. Location: 223 christodoulou chatzipavlou street, hawaii royal gardens, 3036 limassol, Cyprus Reported Earnings • Jul 18
First quarter 2025 earnings released: EPS: US$0.015 (vs US$1.11 in 1Q 2024) First quarter 2025 results: EPS: US$0.015 (down from US$1.11 in 1Q 2024). Revenue: US$5.54m (down 21% from 1Q 2024). Net income: US$259.2k (down 99% from 1Q 2024). Profit margin: 4.7% (down from 281% in 1Q 2024). Duyuru • Jul 10
Toro Corp. (NasdaqCM:TORO) announces an Equity Buyback for 4,500,000 shares, representing 23.57% for $12.38 million. Toro Corp. (NasdaqCM:TORO) announces a share repurchase program. Under the program, the company will repurchase up to 4,500,000 shares,representing 23.57% for $12.38 million. The shares will be repurchased at a price of $2.75 per share. The purpose of the program is to return capital to shareholders. The repurchased shares will be cancelled. The program will be financed via funds available from cash and cash equivalents. If fewer than 4,500,000 shares are properly tendered, subject to the conditions of the Offer, the company will purchase all shares that are properly tendered and not properly withdrawn. If more than 4,500,000 shares are properly tendered and not properly withdrawn prior to the Expiration Time (as defined herein), the company will purchase shares, subject to the terms of the Offer (a) first, from any Odd Lot Shareholders and (b) thereafter, on a pro rata basis with respect to shares tendered prior to the Expiration Time. The program will expire on August 7, 2025, unless extended. As of July 9, 2025, there were 19,093,853 shares of our Common Stock issued and outstanding. New Risk • Jun 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (US$35.3m market cap). Board Change • Apr 28
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Director Petros Zavakopoulos is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Duyuru • Apr 16
Toro Corp. completed the Spin-Off of Robin Energy Ltd. (NasdaqCM:RBNE). The Board of Toro Corp. (NasdaqCM:TORO) announced the spin-off of Robin Energy Ltd on February 28, 2025. As per the transaction, Toro Corp. will demerge its its Handysize tanker business comprising of one Handysize tanker and Xavier Shipping Co. Share holders of Toro Corp. will receive one common share of Robin Energy Ltd for every eight Toro common shares. The transaction is approved by board of directors of Toro Corp. As of March 24, 2025, The record date for the transaction has been set to April 7, 2025. The proposed distribution and spin-off remain subject to, among other things, the registration statement on Form 20-F being declared effective and the approval of the listing of Robin’s common shares on the Nasdaq Capital Market.
The transaction is expect to close on or about April 14, 2025. Broadridge Corporate Issuer Solutions, Inc. acted as registrar to Robin Energy Ltd.
The Board of Toro Corp. (NasdaqCM:TORO) completed the spin-off of Robin Energy Ltd on April 14, 2025. New Risk • Jan 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of American stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (75% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$49.2m market cap). Reported Earnings • Nov 14
Third quarter 2024 earnings released: US$0.009 loss per share (vs US$1.79 profit in 3Q 2023) Third quarter 2024 results: US$0.009 loss per share (down from US$1.79 profit in 3Q 2023). Revenue: US$5.32m (down 50% from 3Q 2023). Net loss: US$157.5k (down 100% from profit in 3Q 2023). Reported Earnings • Aug 13
Second quarter 2024 earnings released: EPS: US$0.001 (vs US$2.69 in 2Q 2023) Second quarter 2024 results: EPS: US$0.001 (down from US$2.69 in 2Q 2023). Revenue: US$5.47m (down 78% from 2Q 2023). Net income: US$14.6k (down 100% from 2Q 2023). Profit margin: 0.3% (down from 218% in 2Q 2023). Duyuru • Aug 07
Toro Corp., Annual General Meeting, Sep 06, 2024 Toro Corp., Annual General Meeting, Sep 06, 2024, at 17:00 GTB Standard Time. Location: 223 christodoulou chatzipavlou street, hawaii royal gardens, 3036 limassol, Cyprus New Risk • Jun 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 2.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 57% over the past year. High level of non-cash earnings (144% accrual ratio). Minor Risks Shareholders have been diluted in the past year (2.1% increase in shares outstanding). Market cap is less than US$100m (US$81.6m market cap). Reported Earnings • Mar 14
Full year 2023 earnings released: EPS: US$8.69 (vs US$5.28 in FY 2022) Full year 2023 results: EPS: US$8.69 (up from US$5.28 in FY 2022). Revenue: US$78.5m (down 30% from FY 2022). Net income: US$134.2m (up 169% from FY 2022). Reported Earnings • Feb 14
Full year 2023 earnings released Full year 2023 results: EPS: US$8.87. Revenue: US$78.5m (down 30% from FY 2022). Net income: US$137.0m (up 175% from FY 2022). Board Change • Dec 31
High number of new and inexperienced directors There are 3 new directors who have joined the board in the last 3 years. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. Independent Non-Executive Member Petros Zavakopoulos is the most experienced director on the board, commencing their role in 2023. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 11
Third quarter 2023 earnings released: EPS: US$1.79 (vs US$1.92 in 3Q 2022) Third quarter 2023 results: EPS: US$1.79. Revenue: US$10.5m (down 66% from 3Q 2022). Net income: US$34.0m (up 87% from 3Q 2022). Duyuru • Nov 10
Toro Corp. (NasdaqCM:TORO) announces an Equity Buyback for $5 million worth of its shares. Toro Corp. (NasdaqCM:TORO) announces a share repurchase program. Under the program, the company will repurchase up to $5 million worth of its own shares. The program will be valid until March 31, 2024. As on November 9, 2023, the company had 19,201,009 common shares issued and outstanding. New Risk • Oct 07
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: US$95.6m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (65% accrual ratio). Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (11% average weekly change). Market cap is less than US$100m (US$95.6m market cap). New Risk • Aug 18
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 65% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (65% accrual ratio). Minor Risks Less than 3 years of financial data is available. Share price has been volatile over the past 3 months (12% average weekly change).