[1]	Results for the year ended December 31, 2024 reflect data for the period from the acquisition of MPC Capital on December 16, 2024, through December 31, 2024.

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Cash Flows provided by Operating Activities of Continuing Operations:
Net income	$ 21,542,163	$ 15,304,934	$ 38,642,488
Less: Net income from discontinued operations, net of taxes	0	0	(17,339,332)
Net income from continuing operations, net of taxes	21,542,163	15,304,934	21,303,156
Adjustments to reconcile net income from Continuing operations to net cash provided by Operating Activities:
Depreciation and amortization	14,760,087	15,037,006	22,076,831
Amortization and write-off of deferred finance charges	213,502	810,000	888,523
Amortization of fair value of acquired time charters	119,733	622,541	2,242,333
Straight line amortization of hire	99,244	(52,084)	0
Net (gain) / loss on sale of vessels	2,005,320	(19,298,394)	(6,383,858)
Loss on vessels held for sale	5,554,777	3,629,521	0
Provision / (recovery) of provision for doubtful accounts	(1,640,626)	4,823	0
Share-based compensation	242,571	9,494	0
Non cash compensation (transfer of shares)	272,780	0	0
Adjustments for non-cash finance costs	252,681	0	0
Net gain on disposition of assets	(244,024)	0	0
Unrealized losses from equity method investments	215,153	0	0
Unrealized (gains) / losses from equity method investments measured at fair value	10,755,335	(2,687,236)	0
Dividend income from equity method investments measured at fair value (related party)	(17,967,315)	0	0
Unrealized foreign exchange losses from equity method investments	684,929	0	0
Unrealized (gains) / losses on equity securities	(24,724,671)	14,664,266	(5,134,013)
Realized (gain) / loss on sale of equity securities	7,827,960	269,119	(2,636)
Unrealized (gain) / loss on debt securities	(4,069)	0	0
Amortization of bonds' premium discount	(4,424)	0	0
Non-cash effects from translation to reporting currency	48,443	(121,572)	0
Gain from a claim	0	(1,418,096)	0
Deferred income taxes	(1,009,194)	0	0
Changes in operating assets and liabilities:
Accounts receivable trade, net	(2,982,439)	3,500,308	(208,487)
Inventories	868,044	(259,885)	539,742
Due from/to related parties	(6,305,244)	5,826,732	(4,518,056)
Prepaid expenses and other assets	509,950	1,014,149	(86,333)
Other deferred charges	0	0	51,138
Accounts payable	1,081,688	(1,786,123)	(3,260,521)
Accrued liabilities	(7,861,871)	4,390,018	(1,894,102)
Income tax receivable / payable	(5,725,870)	129,173	0
Derivative assets and liabilities, net	(1,357,938)	61,026	0
Deferred revenue	201,597	(970,440)	(1,034,987)
Dry-dock costs paid	(5,349,236)	(1,199,999)	(2,395,365)
Dividends received from equity investments	0	222,490	0
Dividends received from equity method investments measured at fair value (related party)	17,967,315	4,209,527	0
Net Cash provided by Operating Activities from Continuing Operations	10,046,351	41,911,298	22,183,365
Cash flow provided by / (used in) Investing Activities of Continuing Operations:
Vessel acquisitions (including time charters attached) and other vessel improvements	(699,164)	(72,171,465)	(623,283)
Purchase of equity securities	(15,694,496)	(59,903,362)	(72,211,450)
Acquisition of a subsidiary, net of cash acquired	0	(162,960,366)	0
Proceeds from sale of equity securities	74,463,553	52,940,067	258,999
Payments for acquisition of equity method investments	(26,180,269)	0	0
Return of invested capital from equity method investments	4,941,515	0	0
Payments received from disposition of equity method investments	127,634	0	0
Purchase of debt securities	(1,796,431)	0	0
Proceeds from sale of debt securities	500,000	0	0
Payments received on mezzanine loan	409,080	0	0
Payments for acquisition of equity investments	(755,128)	0	0
Net proceeds from sale of vessels	61,936,124	107,867,155	63,607,430
Proceeds from a claim	0	1,418,096	0
Proceeds from disposition of equity investments	0	248,715	0
Net proceeds from dispositions of long term assets	3,963	0	0
Acquisitions of property, plant and equipment, net	(190,096)	0	0
Proceeds from disposition of subsidiaries, net of cash disposed of	0	(914,718)	0
Net cash provided by / (used in) Investing Activities from Continuing Operations	97,066,285	(133,475,878)	(8,968,304)
Cash flows provided by / (used in) Financing Activities of Continuing Operations:
Gross proceeds from issuance of common shares and warrants	0	0	881,827
Repurchase of warrants	0	(1,058,481)	(941,626)
Common share issuance expenses	0	0	(260,936)
Redemption of Series E Preferred Shares	(60,000,000)	0	0
Proceeds from long-term debt (including related party)	51,577,002	100,000,000	0
Repayment of long-term debt (including related party)	(102,181,653)	(86,866,269)	(53,864,500)
Proceeds from long term financial liability	14,640,000	0	0
Payment of deferred financing costs	(1,568,902)	0	(25,178)
Repayment of long-term financial liability	(658,080)	0	0
Cash dividends paid to noncontrolling interests	(2,848,198)	0	0
Proceeds from sale of subsidiary shares to noncontrolling interests	27,127	0	0
Transactions with non-controlling interest	(353,243)	0	0
Proceeds received from Toro Corp. related to Spin-Off	0	0	2,694,647
Net cash provided by / (used in) Financing Activities from continuing operations	(46,316,381)	59,565,250	(2,141,740)
Cash flows of discontinued operations:
Net cash provided by Operating Activities from discontinued operations	0	0	20,409,041
Net cash provided by / (used in) Investing Activities from discontinued operations	0	0	(153,861)
Net cash used in Financing Activities from discontinued operations	0	0	(62,734,774)
Net cash used in discontinued operations	0	0	(42,479,594)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	3,361,876	(284,819)	0
Net increase/(decrease) in cash, cash equivalents, and restricted cash	64,158,131	(32,284,149)	(31,406,273)
Cash, cash equivalents and restricted cash at the beginning of the period	88,616,998	120,901,147	152,307,420
Cash, cash equivalents and restricted cash at the end of the period	152,775,129	88,616,998	120,901,147
RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH
Cash and cash equivalents	151,775,129	87,896,786	111,383,645
Restricted cash, current	0	0	2,327,502
Restricted cash, non-current	1,000,000	0	7,190,000
Cash and cash equivalents included in assets held for sale	0	720,212	0
Cash, cash equivalents and restricted cash at the end of the period	152,775,129	88,616,998	120,901,147
SUPPLEMENTAL CASH FLOW INFORMATION
Cash paid for interest	3,132,785	3,200,464	10,153,448
Cash paid for income taxes, net of refunds	7,152,131	33,048	0
Cash paid for withholding taxes	542,765	0	0
Unpaid capital raising costs (included in Accounts payable and Accrued Liabilities)	5,000	0	34,000
Unpaid vessel acquisition and other vessel improvement costs (included in Accounts payable and Accrued liabilities)	13,379	143,709	0
Unpaid deferred dry-dock costs (included in Accounts payable and Accrued liabilities)	327,302	0	0
Unpaid deferred financing costs	0	110,000	0
Dividend declared but unpaid	1,069,444	687,500	541,666
Deemed dividend on Series D Preferred Shares	3,005,817	606,444	196,296
Deemed contribution from Series D preferred shareholders	0	22,437,675	0
Deemed dividend on Series E Preferred Shares	168,629	0	0
Deemed dividend on warrants repurchase	0	0	444,885
Net assets of Toro (discontinued operations)	0	0	37,919,432
Series D Preferred Stock [Member]
Cash flows provided by / (used in) Financing Activities of Continuing Operations:
Gross proceeds from Preferred Shares	0	50,000,000	50,000,000
Preferred Shares issuance expenses	0	(10,000)	(146,807)
Dividends paid on Preferred Shares	(4,597,222)	(2,500,000)	(479,167)
Series E Preferred Stock [Member]
Cash flows provided by / (used in) Financing Activities of Continuing Operations:
Gross proceeds from Preferred Shares	60,000,000	0	0
Preferred Shares issuance expenses	(39,500)	0	0
Dividends paid on Preferred Shares	$ (313,712)	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2025	Dec. 31, 2024
CURRENT ASSETS:
Cash and cash equivalents	$ 151,775,129	$ 87,896,786
Accounts receivable trade, net	7,909,514	2,688,116
Due from related parties	$ 13,155,509	$ 6,393,625
Other Receivable, after Allowance for Credit Loss, Current, Related Party, Type [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Inventories	$ 791,788	$ 1,552,262
Prepaid expenses and other assets	3,407,988	3,773,218
Income tax receivable	15,514,617	11,844,503
Investment in equity securities	27,759,775	69,119,010
Investment in debt securities	554,924	0
Assets held for sale	0	69,430,788
Accrued charter revenue	0	52,084
Derivative assets	545,630	1,107,832
Total current assets	221,414,874	253,858,224
NON-CURRENT ASSETS:
Restricted cash	1,000,000	0
Due from related parties	$ 2,893,839	$ 3,504,667
Other Receivable, after Allowance for Credit Loss, Noncurrent, Related Party, Type [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Prepaid expenses and other assets	$ 805,182	$ 204,146
Deferred charges, net	6,066,454	2,205,544
Fair value of acquired time charters	0	119,733
Investment in related party	117,521,579	117,560,467
Investment in debt securities, non current	750,000	0
Equity method investments	50,045,840	50,503,722
Equity method investments measured at fair value (related party)	139,745,917	115,455,048
Equity investments	9,932,222	4,661,658
Goodwill	24,126,824	17,932,243
Intangible assets, net	21,173,403	19,323,603
Operating lease right-of-use assets	7,417,626	7,770,979
Deferred tax assets	2,599,327	1,839,503
Derivative assets	710,802	0
Total non-current assets	575,943,567	543,518,697
Total assets	797,358,441	797,376,921
CURRENT LIABILITIES:
Current portion of financial liabilities, net	1,548,990	0
Liabilities directly associated with assets held for sale	0	17,656,371
Accounts payable	3,714,698	2,127,051
Deferred revenue	827,210	578,452
Accrued liabilities (including $364,205 and $0 accrued interest to related party, respectively)	16,700,000	23,045,515
Due to related parties	$ 1,106,606	$ 889,020
Other Liability, Current, Related Party, Type [Extensible Enumeration]	Related Party [Member]	Related Party [Member]
Derivative liabilities	$ 185,327	$ 1,389,542
Operating lease liabilities	1,203,769	1,049,167
Income tax payable	3,482,684	6,642,888
Total current liabilities	34,406,904	64,401,785
NON-CURRENT LIABILITIES:
Long-term financial liabilities, net	12,046,770	0
Other accrued liabilities	144,605	166,156
Operating lease liabilities	6,213,857	6,721,813
Deferred tax liabilities	10,596,230	8,096,383
Total non-current liabilities	93,994,059	107,509,414
Commitments and contingencies
MEZZANINE EQUITY:
5.00% Series D fixed rate cumulative perpetual convertible preferred shares: 100,000 issued and outstanding as of December 31, 2024 and December 31, 2025, aggregate liquidation preference of $100,000,000 as of December 31, 2024 and December 31, 2025	80,714,075	77,708,258
SHAREHOLDERS' EQUITY:
Common shares, $0.001 par value; 1,950,000,000 shares authorized; 9,662,354 issued and outstanding as of December 31, 2024 and December 31, 2025	9,662	9,662
Preferred shares, $0.001 par value: 50,000,000 shares authorized; Series B Preferred Shares - 12,000 shares issued and outstanding as of December 31, 2024 and December 31, 2025	12	12
Additional paid-in capital	265,339,741	265,389,338
Retained earnings	239,452,780	228,527,153
Accumulated other comprehensive income / (loss)	20,628,512	(1,509,187)
Total Castor Maritime Inc. shareholders' equity	525,430,707	492,416,978
Non-controlling interests	62,812,696	55,340,486
Total shareholders' equity	588,243,403	547,757,464
Total liabilities, mezzanine equity and shareholders' equity	797,358,441	797,376,921
Vessels [Member]
NON-CURRENT ASSETS:
Property, plant and equipment, net	156,496,033	200,443,193
Property and Equipment [Member]
NON-CURRENT ASSETS:
Property, plant and equipment, net	34,658,519	1,994,191
Nonrelated Party [Member]
CURRENT LIABILITIES:
Current portion of long-term debt, net	5,637,620	1,053,156
NON-CURRENT LIABILITIES:
Long-term debt, net	64,992,597	2,603,900
Related Party [Member]
NON-CURRENT ASSETS:
Equity method investments measured at fair value (related party)	139,745,917	115,455,048
CURRENT LIABILITIES:
Current portion of long-term debt, net	0	9,970,623
NON-CURRENT LIABILITIES:
Long-term debt, net	$ 0	$ 89,921,162