(RTTNews) - Castor Maritime Inc. (CTRM), a shipping company, on Monday reported higher profit for the second quarter of 2026, compared with the same quarter a year earlier, helped by higher revenue and a gain from equity method investments measured at fair value. Net income attributable to common shareholders was $16.41 million or $0.31 per share, compared with $3.27 million or $0.10 per share a year earlier. The improvement reflected a $23.12 million gain from equity method investments measured at fair value, compared with a $1.55 million gain in the prior-year quarter. Excluding one-time items, adjusted income was $11.65 million compared with $2.02 million last year. Operating income was $24.56 million, compared with an operating loss of $0.
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