TORO on Nasdaq

TORO CORP.

TORO CORP. is a Deep Sea Foreign Transportation of Freight company, listed on Nasdaq (TORO).1

Price unavailable

Last updated Oct 20, 2026.

Overview

$21.1MRevenue, fiscal 20252
$5.9MNet income, fiscal 20252

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  • TickerTORO on Nasdaq1
  • IndustryDeep Sea Foreign Transportation of Freight1
  • Headquarters1T1
  • Incorporated inMarshall Islands3
  • Business address223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, Limassol3
  • Filer categoryNon-accelerated filer, Emerging growth company3

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-22.1%Operating margin2
28.1%Net margin2
-5.9%Revenue growth, 20252
3.6%Return on equity2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Business segments

LPG Carrier brought in 61% of the revenue TORO CORP. broke down this way in fiscal 2025.

  1. LPG Carrier$12.8M261%down 18% from 2024
  2. Eco Tanker$6.2M230%down 8% from 2024
  3. Non-Eco Tanker$2.0M210%
Business segments by year
Business segments202320242025
LPG Carrier$6.7M$15.6M$12.8M
Eco Tanker$15.6M$6.8M$6.2M
Non-Eco Tanker$2.0M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs72¢$15.1M
  • Profit28¢$5.9M

Out of $21.1M in revenue.2

Financial statements

Revenue452$21.1M in 2025−28% since 2021
0$10.0M$20.0M$30.0M2021: $29.3M$29.3M20212022: $15.6M$15.6M2022−47%2023: $22.3M$22.3M2023+43%2024: $22.4M$22.4M2024+0%2025: $21.1M$21.1M2025−6%
Operating income452-$4.6M in 2025+533% since 2021
-$10.0M-$5.0M0$5.0M$10.0M2021: -$734.2K-$734.2K20212022: $6.9M$6.9M20222023: $8.2M$8.2M2023+18%2024: -$5.6M-$5.6M20242025: -$4.6M-$4.6M2025−16%
Net income452$5.9M in 2025
-$50.0M0$50.0M$100.0M$150.0M2021: -$1.4M-$1.4M20212022: $49.9M$49.9M20222023: $140.6M$140.6M2023+182%2024: $25.2M$25.2M2024−82%2025: $5.9M$5.9M2025−76%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Voyage charter revenues$0$1.3M$3.3M
Total vessel revenues$21.1M$22.4M$22.3M
Voyage expenses (including $279,719, $418,070 and $641,813 to related party for the year ended December 31, 2023, 2024 and 2025, respectively)-$1.3M-$1.6M-$2.5M
Management fees to related parties-$1.8M-$1.9M-$1.7M
Provision for doubtful accounts$0-$25.4K$0
Depreciation and amortization-$4.9M-$4.9M-$3.4M
Gain on sale of vessel$0$0$8.2M
Total expenses-$25.7M-$28.0M-$14.1M
Operating income/(loss)-$4.6M-$5.6M$8.2M
Interest and finance costs-$68.1K-$230.5K-$31.8K
Interest income$2.8M$8.4M$2.1M
Interest income from related party$1.8M$364.2K$0
Dividend income from related party$5.7M$2.6M$1.0M
Foreign exchange (losses)/gains$35.4K-$21.0K-$15.0K
Dividend income on equity securities$4.6K$4.1K$0
(Loss)/ Income on equity securities$55.0K-$48.5K$0
Total other income, net$10.3M$11.1M$3.0M
Net income and comprehensive income from continuing operations, before taxes$5.6M$5.5M$11.2M
Income taxes$0$0-$47.1K
Net income and comprehensive income from continuing operations, net of taxes$5.6M$5.5M$11.2M
Net income and comprehensive income from discontinued operations, net of taxes$321.4K$19.7M$129.5M
Net income$5.9M$25.2M$140.6M
Comprehensive income$5.9M$25.2M$140.6M
Dividend on Series A Preferred Shares-$1.4M-$1.4M-$1.2M
Deemed dividend on Series A Preferred Shares-$3.1M-$3.1M-$2.4M
Net income attributable to common shareholders$1.4M$20.7M$137.0M
Earnings/(loss) per common share, basic, continuing operations (in dollars per share)$0-$0$0
Earnings/(loss) per common share, diluted, continuing operations (in dollars per share)$0-$0$0
Earnings per common share, basic, discontinued operations (in dollars per share)$0$1$8
Earnings per common share, diluted, discontinued operations (in dollars per share)$0$1$3
Earnings per common share, basic, total (in dollars per share)$0.08$1.09$8.69
Earnings per common share, diluted, total (in dollars per share)$0.08$1.09$2.87
Weighted average number of common shares, basic (in shares)17.9M shares17.4M shares15.4M shares
Weighted average number of common shares outstanding, diluted (in shares)17.9M shares17.4M shares48.7M shares
Vessel operating expenses$9.1M$9.3M$9.4M
General and administrative expenses$8.6M$10.2M$5.4M

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Corporate structure

TORO CORP. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of TORO CORP.

  • Pani Corp. Filed SCHEDULE 13D/A on TORO CORP., latest Jun 9, 2026 (7 filings since Apr 27, 2023)
  • PRICE T ROWE ASSOCIATES INC /MD/ Filed SCHEDULE 13G on TORO CORP., latest May 14, 2025
  • KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Filed SCHEDULE 13G/A on TORO CORP., latest Feb 14, 2025 (2 filings since Feb 13, 2025)
  • TORO CORP. 1T

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What TORO CORP. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, net$96.2M2 Dec 31, 2025$72.8M2 Dec 31, 2024+32.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$87.4M2 Dec 31, 2025$37.2M2 Dec 31, 2024+135.0%
Equity securities at fair value$209.5K2 Dec 31, 2025$226.6K2 Dec 31, 2024−7.5%

Inventory

ItemLatestA year beforeChange
Inventory, total$200.4K2 Dec 31, 2025$195.0K2 Dec 31, 2024+2.8%

Leadership

Who has led TORO CORP., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Petros Panagiotis Panagiotidis2026–now

Chief financial officer

  1. Theologos Pagiaslis2026–now
Board members and other officers (3)

Former names

  • TANKCO SHIPPING INC.Aug 12, 2022 to Aug 12, 20223

Timeline

  1. Mar 18, 2026New chief executive Petros Panagiotis Panagiotidis becomes CEO7

Calendar

Coming up

  1. Dec 4, 2026Reports results for the quarter ending Sep/202611

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

119 filings to the SEC since October 2021: 4 annual reports, 6 insider forms, 10 large holders, 99 other. The latest 20:

  1. Oct 9, 20266-K EDGAR
  2. Oct 9, 20266-K EDGAR
  3. Oct 9, 20266-K EDGAR
  4. Sep 22, 20266-K EDGAR
  5. Sep 18, 20266-K EDGAR
  6. Sep 15, 20266-K EDGAR
  7. Sep 9, 20266-K EDGAR
  8. Jul 20, 20266-K EDGAR
  9. Jun 9, 20264 EDGAR
  10. Jun 9, 2026SCHEDULE 13D/A EDGAR
  11. Jun 5, 20266-K EDGAR
  12. May 28, 20266-K EDGAR
  13. May 5, 20266-K EDGAR
  14. Apr 24, 20264 EDGAR
  15. Apr 24, 2026SCHEDULE 13D/A EDGAR
  16. Apr 22, 20266-K EDGAR
  17. Apr 15, 202620-F EDGAR
  18. Apr 15, 20266-K EDGAR
  19. Apr 2, 20266-K EDGAR
  20. Mar 18, 20263 EDGAR

The 119 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

3 open-market trades by officers, directors and large owners since October 2021: 3 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Apr 24, 2026Panagiotidis Petros PanagiotisChief Executive OfficerBuy67,407$6.79$457.7KForm 4
Apr 23, 2026Panagiotidis Petros PanagiotisChief Executive OfficerBuy265,836$6.52$1.7MForm 4
Apr 22, 2026Panagiotidis Petros PanagiotisChief Executive OfficerBuy1,982,728$6.08$12.1MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How TORO CORP. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARTORO CORP.1
  • CIK0001941131
  • Filer statusNon-accelerated filer an emerging growth company; not a shell company15
  • Incorporated inMarshall Islands15
  • Fiscal year endsDecember 311
  • Industry code (SIC)4412 Deep Sea Foreign Transportation of Freight1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address223 Christodoulou Chatzipavlou Street, Hawaii Royal Gardens, Limassol, Marshall Islands1
  • Phone00357253577681
  • Shares outstanding21,473,509 shares as of Dec 31, 202515
  • AuditorDeloitte Certified Public Accountants S.A., Athens, Greece PCAOB ID 1163; no auditor attestation of internal control over financial reporting15
  • On EDGAR sinceAug 12, 20221
  • Filings119 in all: 6-K (61), CORRESP (8), UPLOAD (6), 20-F (4), 20FR12B/A (4), 3 (4), SCHEDULE 13D/A (4), 4 (2)1
    All 27 form types

    DRS (2), DRS/A (2), EFFECT (2), F-3 (2), S-8 (2), SC 13D/A (2), SCHEDULE 13G (2), 20FR12B (1), 424B5 (1), CERT (1), DRSLTR (1), F-1 (1), F-3/A (1), RW (1), SC 13D (1), SC TO-I (1), SC TO-I/A (1), SCHEDULE 13G/A (1), SEC STAFF ACTION (1)

  • Latest filingsAnnual report (20-F) Apr 15, 2026

Securities registered for trading

ClassSymbolExchange
Common Shares, $0.001 par value, including associated Preferred Share Purchase Rights under the Shareholder Protection Rights AgreementTORONasdaq

From the cover page of the 20-F filed Apr 15, 2026 (Section 12(b) of the Exchange Act).15

Sources

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