Algoma Central 2Q Profit, Revenue Rise

By Adriano Marchese

Algoma Central reported higher profit in the second quarter amid broad-based strength across its segments drove revenue higher.

The marine-transportation company on Friday posted an increase in net income to 35.6 million Canadian dollars ($25.4 million), or C$0.88 a share, up from C$32.9 million, or C$0.81 a share, in the comparable quarter a year earlier.

Earnings before interest, taxes, depreciation and amortization rose to C$82.1 million from C$72.6 million.

Revenue rose to C$258.3 million from C$211.7 million, driven by stronger results in the company's domestic dry-bulk, product tanker and ocean self-unloader segments.

Looking ahead, Algoma Central expects sustained demand for spot grain, salt and domestic fuel shipments to maintain full fleet utilization across its dry-bulk and product tanker segments for the remainder of 2026.

The company said it is monitoring potential U.S. tariffs on Canadian goods, but noted that management doesn't anticipate a material impact on its financial performance for the year.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

August 07, 2026 09:03 ET (13:03 GMT)