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Toro plans spin-off of its LPG tanker business into AI-backed company

Toro announces the spin-off of its liquefied petroleum gas (LPG) tanker business into a newly formed company, AI Okto Corp., to be listed on the Nasdaq Capital Market. AI Okto will receive two LPG tankers (LPG Dream Arrax, LPG Dream Vermax) and $45 million in seed capital; Toro shareholders are to receive the shares for free. AI Okto will operate solely as an LPG tanker operator with an AI-driven business model, after which Toro shares rose sharply in pre-market trading. » More on de.investing.com
Toro plans spin-off of LPG business into AI Okto, stock rises 4%

Toro will spin off its LPG carrier business into an independent company to be listed on the Nasdaq called AI Okto. AI Okto is to receive two LPG carriers and $45 million in cash from Toro; shareholders do not need to take any action and will not receive fractional shares. Petros Panagiotidis will serve as chairman and CEO of AI Okto; the transaction is subject to the effectiveness of the Form 20-F registration and Nasdaq listing approval. » More on de.investing.com

Historical dividends Dividends

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In 2026, TORO CORP. DL -,001 Aktie has already paid €2.29 in dividends. The last payout was in June.

Financials

In the last quarter, TORO CORP. DL -,001 Aktie had revenue of €6.09m and net profit of €488.8k

(EUR)	June 2026	YoY
Revenue	6.09m	76.88%
Gross profit	1.73m	9.09%
Net profit	488.8k	59.63%
EBITDA	1.76m	19.81%

Fundamentals

Metric	Value
Market capitalization	€121.18m
Number of shares	34.56m
52-week high/low	€7.62 - €2.96
Dividend yield	22.44%
Dividends TTM	€0.78
Beta	2.67
P/E ratio	-33.16
PEG ratio	0.14
P/B ratio	0.34
P/S ratio	5.54

Company profile

Toro Corp. acquires, owns, charters, and operates oceangoing tanker vessels and provides seaborne transportation services for crude oil and refined petroleum products worldwide. The company operates through Aframax/LR2 tanker and Handysize tanker segments. It operates a fleet of eight tanker vessels with an aggregate cargo carrying capacity of 0.7 million dwt. The company was incorporated in 2022 and is headquartered in Limassol, Cyprus.

Name	TORO CORP. DL -,001 Aktie
CEO	Petros Panagiotidis
Headquarters	Limassol, li Cyprus
Website	torocorp.com
Industry	Energy Equipment & Services
IPO	03/03/2023