Toro Corp.
torocorp.comWhat Do They Do?
Transports liquefied petroleum gas and refined petroleum products for charterers using oceangoing LPG carriers and MR tankers.
20-F for FY2025, filed Apr 15, 2026
How Do They Make Money?
Charterers pay daily hire to use vessels for set periods, or freight for a particular voyage; voyage freight may be prepaid, paid during the trip, or paid at discharge. Pool operators combine vessel revenues and distribute them to owners on a set schedule.
20-F for FY2025, filed Apr 15, 2026 20-F for FY2022, filed Mar 8, 2023The Company generates its revenues from time charters, voyage contracts and pool arrangements.View ↗
Voyage charters involve a charterer engaging a vessel for a particular journey. A voyage contract is made for the use of a vessel, for…View ↗
Time charters involve a charterer engaging a vessel for a set period of time. Time charter agreements may have extension options ranging…View ↗
A pool consists of a group of vessels of similar types and sizes provided by various owners for the purpose of enabling a centralized pool…View ↗
-
20-F for FY2025, filed Apr 15, 2026
FY2025 revenue by reportable segment ↗
$21.1M
-
20-F for FY2025, filed Apr 15, 2026
$21.1M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Eco Tanker Segment
Recurring
20-F for FY2025, filed Apr 15, 2026 |
30% |
Eco Tanker Segment, FY2025
$6.2M Sources
|
Recurring |
|
Non-Eco Tanker Segment
Recurring
20-F for FY2025, filed Apr 15, 2026 |
9.7% |
Non-Eco Tanker Segment, FY2025
$2M Sources
|
Recurring |
|
LPG Carrier Segment
Recurring
20-F for FY2025, filed Apr 15, 2026 |
61% |
LPG Carrier Segment, FY2025
$12.8M Sources
|
Recurring |
Who Are Their Customers?
Charterers hire vessels directly for set periods or individual voyages; some vessels are commercially employed through pools, whose operators aggregate earnings and distribute them among vessel owners.
20-F for FY2025, filed Apr 15, 2026 20-F for FY2022, filed Mar 8, 2023A pool consists of a group of vessels of similar types and sizes provided by various owners for the purpose of enabling a centralized pool…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 28 cents of every revenue dollar as net income in FY2025.
20-F for FY2025, filed Apr 15, 2026
How Are They Changing?
LPG carrier business added
The older report describes tankers carrying crude oil and refined petroleum products; the latest also describes carriers transporting liquefied petroleum gas.
20-F for FY2022, filed Mar 8, 2023 20-F for FY2025, filed Apr 15, 2026We operate tanker vessels that engage in the worldwide transportation of crude oil and refined petroleum products using our Aframax/LR2…View ↗
Greater focus on time charters
The older report says vessels operated mainly in pools and planned to market them mainly through spot voyages or pools; the latest focuses on period time charters for LPG and MR vessels.
20-F for FY2022, filed Mar 8, 2023 20-F for FY2025, filed Apr 15, 2026
Loading...
