Northwire Canada EditionThursday, October 15, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4% GOLD 4107.90 −1.7% SILVER 55.88 −6.1% COPPER 6.62 −1.6% OIL 95.09 +1.0% PALLADIUM 1096.50 −2.7% CIA 2.64 −0.4% BTO 7.09 −4.3% MCI 0.155 +0.0% CAN 0.065 +0.0% BLDS 0.335 +8.1% SAO 0.050 +0.0% SF 0.315 +0.0% BEA 0.055 −15.4% BMM 3.90 +11.1% AUGC 0.295 −13.2% MFG 3.34 −3.8% CDE 21.33 −7.7% CYG 0.160 −5.9% RSMX 0.100 −4.8% TUF 0.830 −5.7% GPG 0.285 −3.4%
Earnings

Algoma Central Corporation Reports Financial Results for the 2025 Third Quarter

By The Northwire Desk — AI Analysis Nov 04, 2025 · 07:00 ALC · 17.98 ALGOMA CENTRAL CORPORATION
ALC · Price

Executive Summary

  • Algoma Central Corp. reported Q3 2025 revenue of C$228.0 M and EBITDA of C$89.7 M, both up year‑over‑year, marking the delivery of its 100th vessel, the methanol‑ready Algoma Legacy.
  • Segment performance: Domestic Dry‑Bulk revenue rose 10% to C$131.5 M; Product Tanker revenue increased 28% to C$49.7 M; Ocean Self‑Unloaders revenue was flat at C$46.3 M.
  • The company announced the sale of a controlling stake in NovaAlgoma Cement Carriers Ltd.’s vessels to P&O Maritime Logistics (DP World), with proceeds earmarked for repayment of short‑term borrowings.

Key Details

  • Revenue & EBITDA – Q3 2025 revenue C$228,035 k vs. C$204,644 k in 2024; EBITDA C$89,739 k vs. C$75,696 k in 2024.
  • Earnings per Share – $0.97 versus $0.98 a year earlier.
  • Domestic Dry‑Bulk – Revenue C$131,453 k (↑9%); operating earnings C$38,552 k (↑17%).
  • Product Tankers – Revenue C$49,691 k (↑28%); operating earnings C$7,154 k (↑124%). Fleet grew from 2 to 8 vessels.
  • Ocean Self‑Unloaders – Revenue C$46,277 k (≈0%); operating earnings C$8,747 k (↓24%) due to fewer off‑hire days.
  • Joint Venture Equity Earnings – Decreased slightly to C$6,551 k from C$6,856 k YoY; cement and mini‑bulker earnings fell on reduced revenue days, while product tanker earnings rose.
  • Asset Sale – NovaAlgoma Cement Carriers Ltd. sold a 51% interest in its wholly‑owned vessels to P&O Maritime Logistics (DP World). Gain will be recorded in Q4 2025; proceeds will repay a significant portion of short‑term debt.
  • Capital Expenditure – Approved two newbuild 9,500‑dwt mini‑bulkers for the NASC joint venture, slated for delivery late 2027.
  • Normal Course Issuer Bid (NCIB) – Renewed NCIB to repurchase up to 2,028,391 shares (~5% of outstanding); no purchases made in Q3 2025.
  • Dividend – Board declared a quarterly cash dividend of $0.20 per common share payable Dec 1, 2025 (record date Nov 17, 2025).
  • Outlook Highlights – Anticipated strong utilization in Domestic Dry‑Bulk and Product Tanker segments; two additional vessels scheduled for dry‑docking in 2025; Algoma Legacy to join pool in Q4 2025 as the 100th vessel.

Notable Quotes

“The delivery of the Algoma Legacy underscores our commitment to sustainability and operational excellence and is a symbolic marker as our 100th vessel… We are growing our fleet and shaping the next chapter of Algoma’s legacy.” – Gregg Ruhl, President & CEO

“All our business segments continue to perform well despite market uncertainties.” – Christopher Lazarz, CFO

Read the original news release →

More from ALGOMA CENTRAL CORPORATION

Jun 30, 2026 · 07:59

Algoma Central extends debt maturity and boosts liquidity via $182M facility expansion, but execution remains incremental.

Financings May 07, 2026 · 09:08

Algoma Central Q1 Earnings Mask Core Weakness Behind One-Off Gains

Earnings Mar 19, 2026 · 07:00

Algoma Central Corporation Announces Renewal of Normal Course Issuer Bid

Other Mar 05, 2026 · 07:00

Algoma Central Corporation Reports Financial Results for Fiscal 2025

Earnings Feb 27, 2026 · 19:18

Algoma Central to acquire six Canadian-flagged vessels

M&A / Property Feb 27, 2026 · 16:05

Mainstay Maritime Announces Agreement to Sell Canadian Operating Companies and Fleet to Algoma Central Corporation

M&A / Property