Toro Corp. Announces the Sale of the LPG Carrier Dream Terrax

Limassol, Cyprus - September 16, 2025

Toro Corp. (NASDAQ: TORO) ("Toro", or the "Company"), a global energy transportation services provider, announces that it has entered into an agreement with a wholly owned subsidiary of Robin Energy Ltd. ("Robin"), a Nasdaq-listed entity controlled by our Chairman and Chief Executive Officer, for the sale of the Dream Terrax, a 2020-built 5,000 cbm LPG Carrier vessel for a sale price of $20 million.

The terms of the transaction were approved by the independent and disinterested members of the Boards of Toro and Robin, respectively, following the negotiation and recommendation by special committees of the independent and disinterested directors of the Boards of Toro and Robin.

The vessel is expected to be delivered to its new owner during 2025 and is subject to the satisfaction of certain customary closing conditions.

About Toro Corp.
Toro Corp. is a global energy transportation services provider, operating a modern fleet of oceangoing vessels.

Following the above mentioned transaction, the Company's fleet will comprise of two LPG carriers and one MR tanker vessel that transport petrochemical gases and refined petroleum products worldwide.

Toro is incorporated under the laws of the Republic of the Marshall Islands. The Company's common shares trade on the Nasdaq Capital Market under the symbol "TORO".

Toro Corp., press release