| Basis of Presentation and General information |
| 1. |
Basis of Presentation and General
information:
|
Castor Maritime Inc. (“Castor”) was incorporated in September 2017 under the laws of the Republic of the Marshall Islands. The accompanying unaudited interim condensed consolidated financial statements include the
accounts of Castor and its wholly owned and majority-owned subsidiaries (collectively, the “Company”). Castor is a diversified global shipping and energy company, with activities directly and indirectly in investment and asset management, vessel ownership, technical and commercial ship management and energy
infrastructure projects. On December 21, 2018, Castor’s common shares, par value $0.001 (the “common shares”) began
trading on the Euronext NOTC, under the symbol “CASTOR” and, on February 11, 2019, they began trading on the Nasdaq Capital Market, or Nasdaq, under the symbol “CTRM”. As of June 30, 2025, Castor was controlled by Thalassa Investment Co. S.A.
(“Thalassa”) by virtue of its ownership of 100% of the Series B preferred shares of Castor and, as a result, Thalassa controlled
the outcome of matters on which shareholders are entitled to vote. Thalassa is affiliated with Petros Panagiotidis, the Company’s Chairman, Chief Executive Officer and
Chief Financial Officer.
On March 27, 2024, the Company effected a 1-for-10 reverse stock split on its issued and outstanding common
shares. All share and per share amounts disclosed in the accompanying unaudited interim condensed consolidated financial statements give effect to this reverse stock split retroactively for the period ended June 30, 2024.
With effect from July 1, 2022, Castor
Ships S.A., a corporation incorporated under the laws of the Republic of the Marshall Islands (“Castor Ships”), a related party controlled by the Company’s Chairman, Chief Executive Officer and Chief Financial Officer, Petros Panagiotidis,
manages the Company’s business overall. Prior to this date, Castor Ships provided only commercial ship management and administrative services to the Company (see also Note 3).
Pavimar S.A. (“Pavimar”), a related party controlled by Ismini
Panagiotidis, the sister of the Company’s Chairman, Chief Executive Officer and Chief Financial Officer, Petros Panagiotidis, provided technical, crew and operational management services to the Company through the first half of 2022. With
effect from July 1, 2022, Pavimar co-managed with Castor Ships the technical management of the Company’s dry bulk vessels, except for the M/V Magic Celeste, M/V Magic Ariel and M/V Magic Starlight, for which Castor Ships has provided the technical management since August 16, 2024,
October 9, 2024 and December 18, 2024, respectively. As of June 30, 2025, all ship management agreements between the Company and Pavimar have been terminated. Castor Ships now exclusively provides the commercial and technical
management of the Company’s entire fleet, while certain aspects of the management of a number of the Company’s vessels are subcontracted to related or third-party managers.
As of June 30, 2025, the Company owned a diversified fleet of 9 vessels, with a combined carrying capacity of 0.7 million
dwt, consisting of four Kamsarmax, three
Panamax and one Ultramax dry bulk vessels, as well as one 1,850 TEU containership.
On December 12, 2024, Castor, through a wholly
owned subsidiary, entered into a share purchase agreement, pursuant to which Castor agreed to acquire from MPC Münchmeyer Petersen & Co. GmbH (“MPC Holding”), subject to certain terms and conditions, 26,116,378 shares of common stock of MPC Münchmeyer Petersen Capital AG (“MPC Capital”), representing 74.09% of MPC Capital’s outstanding common stock, for a cash price of €7.00
per share, equivalent to aggregate consideration of €182.8 million (approximately $192.0 million at the time of the transaction), excluding transaction related costs. On December 16, 2024, the acquisition of the 26,116,378 shares of common stock of MPC Capital was completed. MPC Capital is an investment and asset manager specializing in infrastructure projects in the maritime and
energy sectors. Partnering and co-investing with institutional investors, MPC Capital provides tailor-made investment solutions, project access, and integrated asset management expertise, including technical and commercial ship management. The
transaction was financed with cash on hand and the proceeds of (i) a $100 million senior term loan facility between Toro Corp.
(“Toro”) and Castor and (ii) the issuance of an additional 50,000 of Castor’s 5.00% Series D cumulative perpetual convertible preferred shares, par value $0.001
per share (the “Series D Preferred Shares”) to Toro for an aggregate consideration of $50,000,000, which are discussed in Note 3(d)
and (e).
The Company
accounted for the control obtained in MPC Capital on December 16, 2024 as a “business combination”, which resulted in the application of the “acquisition method”, as defined under ASC 805, Business Combinations, with the Company to be
considered the accounting acquirer of MPC Capital. The assets acquired and liabilities assumed on the date of control were recorded at fair value.
Details of the Company’s wholly-owned and majority-owned
subsidiaries as of June 30, 2025, are listed below.
(a) Consolidated vessel owning subsidiaries:
| |
Company
|
Country of
incorporation
|
Vessel Name
|
DWT
|
Year
Built
|
Delivery date
to Castor
|
|
1
|
Spetses Shipping Co. (“Spetses”)
|
Marshall Islands
|
M/V Magic P
|
76,453
|
2004
|
February 2017
|
|
2
|
Liono Shipping Co. (“Liono”)
|
Marshall Islands
|
M/V Magic Thunder (1)
|
83,375
|
2011
|
April 2021
|
|
3
|
Mulan Shipping Co. (“Mulan”)
|
Marshall Islands
|
M/V Magic Starlight
|
81,048
|
2015
|
May 2021
|
|
4
|
Songoku Shipping Co. (“Songoku”)
|
Marshall Islands |
M/V Magic Pluto |
74,940 |
2013 |
August 2021 |
|
5
|
Asterix Shipping Co. (“Asterix”)
|
Marshall Islands |
M/V Magic Perseus |
82,158 |
2013 |
August 2021 |
|
6
|
Johnny Bravo Shipping Co. (“Johnny Bravo”)
|
Marshall Islands |
M/V Magic Mars |
76,822
|
2014 |
September 2021 |
| 7 |
Aladdin Shipping Co. (“Aladdin”) |
Marshall Islands |
M/V Magic Celeste |
63,310 |
2015 |
August 2024 |
| 8 |
Ariel Shipping Co. (“Ariel”) |
Marshall Islands |
M/V Magic Ariel |
81,845 |
2020 |
October 2024 |
| 9 |
Yogi Bear Shipping Co. (Yogi”) |
Marshall Islands |
M/V Raphaela |
26,811 |
2008 |
October 2024 |
| (1) |
On July 29, 2025, Liono Shipping Co. completed a sale and leaseback transaction for the M/V Magic Thunder with a Japanese counterparty. (See Note 25(b))
|
(b) Consolidated subsidiaries formed to acquire vessels:
| |
Company
|
Country of incorporation
|
|
1
|
Containco Shipping Inc.
|
Marshall Islands
|
(c) Consolidated holding subsidiary:
| |
Company
|
Country of incorporation
|
|
1
|
|
Germany
|
(d) Consolidated non-vessel owning subsidiaries:
| |
Company
|
Country of incorporation
|
| 1 |
Castor Maritime SCR Corp. (“Castor SCR”) (1)
|
|
| 2 |
Bagheera Shipping
Co. (“Bagheera”) (2)
|
|
| 3
|
Luffy Shipping Co. (“Luffy”) (2) |
Marshall Islands
|
| 4 |
Kabamaru Shipping Co. (“Kabamaru”) (2) |
Marshall Islands
|
| 5 |
Bistro Maritime Co. (“Bistro”) (2) |
Marshall Islands
|
| 6 |
Garfield Shipping Co. (“Garfield”) (2) |
Marshall Islands
|
| 7 |
Pikachu Shipping Co. (“Pikachu”) (3) |
Marshall Islands
|
| 8 |
Jumaru Shipping Co. (“Jumaru”) (4) |
Marshall Islands
|
| 9 |
Pumba Shipping Co. (“Pumba”) (5) |
Marshall Islands
|
| 10 |
Snoopy Shipping Co. (“Snoopy”) (6) |
Marshall Islands |
| 11 |
Super Mario Shipping Co. (“Super
Mario”) (7) |
Marshall Islands |
| 12 |
Stewie Shipping Co. (“Stewie”) (8) |
Marshall Islands |
| 13 |
Pocahontas Shipping Co.
(“Pocahontas”) (9) |
Marshall Islands |
| 14 |
Cinderella Shipping Co. (“Cinderella”) (10)
|
Marshall Islands |
|
15
|
Mickey Shipping Co. (“Mickey”) (11) |
Marshall Islands |
|
16
|
Jerry Shipping Co. (“Jerry S”) (12)
|
Marshall Islands |
|
17
|
Tom Shipping Co. (“Tom S”) (13) |
Marshall Islands |
|
18
|
Indigo Global Corp. |
Marshall Islands |
|
19
|
Castor Maritime Finance Inc. |
Marshall Islands |
|
20
|
Castor CSI Corp. |
Marshall Islands |
|
21
|
Thalvora Enterprises Inc. |
Marshall Islands |
| 22 |
MPCC CSI LTD |
Republic of Cyprus |
|
(1)
|
Incorporated under the laws of the Marshall Islands on September 16, 2021, this entity serves as the
Company’s subsidiaries’ cash manager with effect from November 1, 2021.
|
|
(2)
|
Details
of the entities that sold their vessels prior to 2024 can
be found in Note 1 of the consolidated financial statements included in the Company’s 2024 Annual Report. |
|
(3)
|
Pikachu Shipping Co. no longer owns any vessel following the sale of the M/V Magic Moon on November 10, 2023, and delivery of such vessel
to an unaffiliated third-party on January 16, 2024.
|
|
(4)
|
Jumaru Shipping
Co. no longer owns any vessel following the sale of the M/V Magic Nova on January 19, 2024, and delivery of such vessel to an entity beneficially owned by a family member of the Company’s
Chairman, Chief Executive Officer and Chief Financial Officer on March 11, 2024. |
|
(5)
|
Pumba Shipping
Co. no longer owns any vessel following the sale of the M/V Magic Orion on December 7, 2023, and delivery of such vessel to an unaffiliated third-party on March 22, 2024. |
|
(6)
|
Snoopy Shipping
Co. no longer owns any vessel following the sale of the M/V Magic Nebula on February 15, 2024, and delivery of such vessel to an entity affiliated with a family member of the Company’s
Chairman, Chief Executive Officer and Chief Financial Officer on April 18, 2024. |
|
(7)
|
Super Mario
Shipping Co. no longer owns any vessel following the sale of the M/V Magic Venus on December 21, 2023, and delivery of such vessel to an entity affiliated with a family member of the
Company’s Chairman, Chief Executive Officer and Chief Financial Officer on May 10, 2024. |
|
(8)
|
Stewie Shipping
Co. no longer owns any vessel following the sale of the M/V Magic Vela on May 1, 2024, and delivery of such vessel to an unaffiliated third-party on May 23, 2024. |
|
(9)
|
Pocahontas
Shipping Co. no longer owns any vessel following the sale of the M/V Magic Horizon on January 19, 2024, and delivery of such vessel to an entity beneficially owned by a family member of
the Company’s Chairman, Chief Executive Officer and Chief Financial Officer on May 28, 2024. |
|
(10)
|
Cinderella
Shipping Co. no longer owns any vessel following the sale of the M/V Magic Eclipse on March 6, 2025, and delivery of such vessel to an entity beneficially owned by a family member of the
Company’s Chairman, Chief Executive Officer and Chief Financial Officer on March 24, 2025 (see also Note 6). |
|
(11)
|
Mickey
Shipping Co. no longer owns any vessel following the sale of the M/V Magic
Callisto on March 11, 2025, and delivery of
such vessel to an entity beneficially owned by a family member of the Company’s Chairman, Chief Executive Officer and Chief Financial Officer on April 28, 2025 (see also Note 6). |
|
(12)
|
Jerry
Shipping Co. no longer owns any vessel following the sale of the M/V Ariana A on November 13, 2024, and delivery of such vessel to an
unaffiliated third-party on January 22, 2025 (see also Note 6). |
|
(13)
|
Tom Shipping Co. no longer owns any vessel following the sale of the M/V Gabriela A on December 4, 2024, and delivery of such vessel to an
unaffiliated third-party on May 7, 2025 (see also Note 6). |
(e) Consolidated majority-owned
subsidiaries:
|
Company
|
Country of
incorporation
|
Shares held in percent
|
Shareholder
|
|
MPC Münchmeyer Petersen Capital AG
|
Germany
|
73.97%
|
Thalvora Holdings GmbH
|
The consolidated
subsidiaries in the table below are held by the MPC Münchmeyer Petersen Capital AG:
|
Company
|
Country of
incorporation
|
Shares held
in percent
|
Shareholder
|
|
Curamus Managementgesellschaft mbH, Hamburg
|
Germany |
100%
|
MPC Capital Dritte Beteiligungsgesellschaft mbH, Hamburg
|
|
Duisburg Invest Beteiligungsgesellschaft mbH & Co. KG, Hamburg
|
Germany |
100%
|
MPC Capital AG, Hamburg 99.90% MPC Capital Beteiligungsgesellschaft mbH & Co. KG, Hamburg 0.10%
|
| Energiepark Heringen-Philippsthal WP
HP GmbH & Co, KG, Hamburg |
Germany |
100% |
MPC Capital Beteiligungsgesellschaft mbH & Co. KG, Hamburg |
|
ELG Erste Liquidationsmanagement GmbH, Hamburg
|
Germany |
100%
|
MPC Capital GmbH, Hamburg
|
|
First Fleet Philipp Beteiligungs GmbH, Delmenhorst
|
Germany |
100%
|
MPC Capital Investments GmbH, Hamburg
|
|
Harper Petersen Albis GmbH & Co. KG, Hamburg
|
Germany |
100%
|
Harper Petersen & Co. GmbH & Co. KG, Hamburg
|
|
Harper Petersen & Co. Asia Ltd., Hongkong / China
|
China |
100%
|
Harper Petersen & Co. GmbH & Co. KG, Hamburg
|
|
Harper Petersen & Co. B.V., Amsterdam / Netherlands
|
Netherlands |
100%
|
Harper Petersen & Co. GmbH & Co. KG, Hamburg
|
|
Harper Petersen & Co. GmbH & Co. KG, Hamburg
|
Germany |
100%
|
MPC Maritime Holding GmbH, Hamburg
|
|
Harper Petersen & Co. Pte Ltd., Singapur
|
Singapore |
100%
|
Harper Petersen & Co. GmbH & Co. KG, Hamburg
|
|
HLD Vermögensverwaltungsgesellschaft UG (haftungsbeschränkt) i.L., Hamburg
|
Germany |
100%
|
MPC Capital Beteiligungsgesellschaft mbH & Co. KG, Hamburg
|
|
Immobilienmanagement MPC Student Housing Venture GmbH, Hamburg
|
Germany |
100%
|
MPC Capital AG, Hamburg
|
|
Immobilienmanagement Sachwert Rendite-Fonds GmbH, Hamburg
|
Germany |
100%
|
MPC Capital GmbH, Hamburg
|
|
Management Sachwert Rendite-Fonds Immobilien GmbH, Hamburg
|
Germany |
100%
|
MPC Capital GmbH, Hamburg
|
|
Managementgesellschaft Harper Petersen mbH, Hamburg
|
Germany |
100%
|
Harper Petersen & Co. GmbH & Co. KG, Hamburg
|
|
Managementgesellschaft MPC Global Maritime Opportunity Private Placement GmbH, Hamburg
|
Germany |
100%
|
MPC Maritime Holding GmbH, Hamburg
|
|
Managementgesellschaft MPC Solarpark mbH, Hamburg
|
Germany
|
100%
|
MPC Münchmeyer Petersen Real Estate Consulting GmbH, Hamburg
|
|
Managementgesellschaft Oil Rig Plus mbH, Hamburg
|
Germany
|
100%
|
MPC Maritime Holding GmbH, Hamburg
|
|
MPC Achte Vermögensstrukturfonds Verwaltungsgesellschaft mbH, Hamburg
|
Germany
|
100%
|
MPC Investment Services GmbH, Hamburg
|
|
MPC Best Select Company Plan Managementgesellschaft mbH, Quickborn
|
Germany
|
100%
|
MPC Investment Services GmbH, Hamburg
|
|
MPC Capital Advisory GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital GmbH, Hamburg
|
|
MPC Capital Beteiligungsgesellschaft mbH & Co. KG, Hamburg
|
Germany
|
100%
|
MPC Capital AG, Hamburg
|
|
MPC Capital Dritte Beteiligungsgesellschaft mbH, Hamburg
|
Germany
|
100%
|
MPC Capital AG, Hamburg
|
|
MPC Capital GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital AG, Hamburg
|
|
MPC Capital Investments GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital AG, Hamburg
|
|
MPC Capital Risk & Insurance GmbH & Co. KG, Hamburg
|
Germany
|
100%
|
MPC Capital AG, Hamburg
|
|
MPC Capital Risk & Insurance Verwaltungs GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital AG, Hamburg
|
|
MPC Capital Zweite Beteiligungsgesellschaft mbH, Hamburg
|
Germany
|
100%
|
MPC Capital Beteiligungsgesellschaft mbH & Co. KG, Hamburg
|
|
MPC Dritte Vermögensstrukturfonds Verwaltungsgesellschaft mbH, Hamburg
|
Germany
|
100%
|
MPC Investment Services GmbH, Hamburg
|
|
MPC ECOBOX OPCO 1 Beteiligungs GmbH & Co. KG. Hamburg
|
Germany
|
51.1%
|
MPC Capital Zweite Beteiligungsgesellschaft mbH, Hamburg
|
|
MPC ECOBOX OPCO 2 Beteiligungs GmbH & Co. KG. Hamburg
|
Germany
|
77.6%
|
MPC Capital Zweite Beteiligungsgesellschaft mbH, Hamburg
|
|
MPC ECOBOX OPCO 4 GmbH & Co. KG i.L., Hamburg
|
Germany
|
81.7%
|
MPC Capital Zweite Beteiligungsgesellschaft mbH, Hamburg
|
|
MPC Energías Renovables Colombia S.A.S., Bogotá / Colombia
|
Colombia
|
100%
|
MPC Capital GmbH, Hamburg
|
|
MPC Elfte Vermögensstrukturfonds Verwaltungsgesellschaft mbH, Hamburg
|
Germany
|
100%
|
MPC Investment Services GmbH, Hamburg
|
|
MPC Fünfte Vermögensstrukturfonds Verwaltungsgesellschaft mbH, Hamburg
|
Germany
|
100%
|
MPC Investment Services GmbH, Hamburg
|
|
MPC Investment Partners GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital AG, Hamburg
|
|
MPC Investment Services GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital AG, Hamburg
|
|
MPC Maritime Beteiligungsgesellschaft mbH & Co. KG, Hamburg
|
Germany
|
100%
|
MPC Maritime Holding GmbH, Hamburg
|
|
MPC Maritime Beteiligungsverwaltungsgesellschaft mbH, Hamburg
|
Germany
|
100%
|
MPC Maritime Holding GmbH, Hamburg
|
|
MPC Maritime Holding GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital AG, Hamburg
|
|
MPC Maritime Investments GmbH i.L., Hamburg
|
Germany
|
100%
|
MPC Maritime Holding GmbH, Hamburg
|
|
MPC Multi Asset Verwaltungsgesellschaft mbH, Hamburg
|
Germany
|
100%
|
MPC Maritime Holding GmbH, Hamburg
|
|
MPC Münchmeyer Petersen Real Estate Consulting GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital AG, Hamburg
|
|
MPC Neunte Vermögensstrukturfonds Verwaltungsgesellschaft mbH, Hamburg
|
Germany
|
100%
|
MPC Investment Services GmbH, Hamburg
|
|
MPC Real Value Fund Verwaltungsgesellschaft mbH, Quickborn
|
Germany
|
100%
|
MPC Investment Services GmbH, Hamburg
|
|
MPC Renewable Panama S.A., Panama
|
Panama
|
100%
|
MPC Capital GmbH, Hamburg
|
|
MPC Schiffsbeteiligung Vermögensstrukturfonds Verwaltungsgesellschaft mbH, Nielbühl
|
Germany
|
100%
|
MPC Maritime Holding GmbH, Hamburg
|
|
MPC Sechste Vermögensstrukturfonds Verwaltungsgesellschaft mbH, Hamburg
|
Germany
|
100%
|
MPC Investment Services GmbH, Hamburg
|
|
MPC Siebte Vermögensstrukturfonds Verwaltungsgesellschaft mbH, Hamburg
|
Germany
|
100%
|
MPC Investment Services GmbH, Hamburg
|
|
MPC Silica Invest GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital AG, Hamburg
|
|
MPC Venture Invest AG, Wien / Austria
|
Austria
|
100%
|
MPC Capital AG, Hamburg
|
|
MPC Vierte Vermögensstrukturfonds Verwaltungsgesellschaft mbH, Hamburg
|
Germany
|
100%
|
MPC Investment Services GmbH, Hamburg
|
|
MPC Zehnte Vermögensstrukturfonds Verwaltungsgesellschaft mbH, Hamburg
|
Germany
|
100%
|
MPC Investment Services GmbH, Hamburg
|
|
MPC Zweite Vermögensstrukturfonds Verwaltungsgesellschaft mbH, Hamburg
|
Germany
|
100%
|
MPC Investment Services GmbH, Hamburg
|
|
Panda Invest GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital Beteiligungsgesellschaft mbH & Co. KG, Hamburg
|
|
Palmaille Ship Invest GmbH, Hamburg
|
Germany
|
31.0%
|
MPC Capital Beteiligungsgesellschaft mbH & Co. KG, Hamburg
|
|
PB BS GMO Verwaltungs GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital Investments GmbH, Hamburg
|
|
PBH Maritime Verwaltungsgesellschaft mbH, Hamburg
|
Germany
|
100%
|
MPC Capital Beteiligungsgesellschaft mbH & Co. KG, Hamburg
|
|
RES Maxis B.V., Amsterdam / Netherlands
|
Netherlands
|
71.5%
|
MPC Capital Beteiligungsgesellschaft mbH & Co. KG, Hamburg
|
|
TVP Treuhand- und Verwaltungsgesellschaft für Publikumsfonds mbH & Co. KG, Hamburg
|
Germany
|
100%
|
MPC Investment Services GmbH, Hamburg
|
|
Verwaltung “Rio Blackwater” Schifffahrtsgesellschaft mbH, Hamburg
|
Germany
|
100%
|
MPC Maritime Holding GmbH, Hamburg
|
|
Verwaltung Achte Sachwert Rendite-Fonds Deutschland GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital GmbH, Hamburg
|
|
Verwaltung Asien Opportunity Real Estate GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital GmbH, Hamburg
|
|
Verwaltung Bluewater Investments GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital Beteiligungsgesellschaft mbH & Co. KG, Hamburg
|
|
Verwaltung Dreiundfünfzigste Sachwert Rendite-Fonds Holland GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital GmbH, Hamburg
|
|
Verwaltung Dritte MPC Sachwert Rendite-Fonds Opportunity Amerika GmbH, Quickborn
|
Germany
|
100%
|
MPC Capital GmbH, Hamburg
|
|
Verwaltung Einundsiebzigste Sachwert Rendite-Fonds Holland GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital GmbH, Hamburg
|
|
Verwaltung Elfte Sachwert Rendite-Fonds Deutschland GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital GmbH, Hamburg
|
|
Verwaltung Fünfte Sachwert Rendite-Fonds Deutschland GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital GmbH, Hamburg
|
|
Verwaltung Harper Petersen Albis GmbH, Hamburg
|
Germany
|
100%
|
Harper Petersen Albis GmbH & Co. KG, Hamburg
|
|
Verwaltung MPC Capital Beteiligungsgesellschaft mbH, Hamburg
|
Germany
|
100%
|
MPC Capital AG, Hamburg
|
|
Verwaltung MPC Global Maritime Opportunity Private Placement GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital Investments GmbH, Hamburg
|
|
Verwaltung MPC Real Estate Opportunity Private Placement Amerika GmbH, Quickborn
|
Germany
|
100%
|
MPC Capital GmbH, Hamburg
|
|
Verwaltung MPC Sachwert Rendite-Fonds Opportunity Amerika GmbH, Quickborn
|
Germany
|
100%
|
MPC Capital GmbH, Hamburg
|
|
Verwaltung MPC Sachwert Rendite-Fonds Opportunity Asien GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital GmbH, Hamburg
|
|
Verwaltung MPC Solarpark GmbH, Hamburg
|
Germany
|
100%
|
MPC Investment Services GmbH, Hamburg
|
|
Verwaltung MPC Student Housing Beteiligung UG, Quickborn
|
Germany
|
100%
|
MPC Capital AG, Hamburg
|
|
Verwaltung MPC Student Housing Venture GmbH, Quickborn
|
Germany
|
100%
|
MPC Capital AG, Hamburg
|
|
Verwaltung Neunte Sachwert Rendite-Fonds Deutschland GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital GmbH, Hamburg
|
|
Verwaltung Neunundfünfzigste Sachwert Rendite-Fonds Holland GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital GmbH, Hamburg
|
|
Verwaltung Sachwert Rendite-Fonds Japan GmbH, Quickborn
|
Germany
|
100%
|
MPC Capital GmbH, Hamburg
|
|
Verwaltung Sechste Sachwert Rendite-Fonds Deutschland (Private Placement) GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital GmbH, Hamburg
|
|
Verwaltung Sechsundvierzigste Sachwert Rendite-Fonds Holland GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital GmbH, Hamburg
|
|
Verwaltung SHV Management Participation GmbH, Quickborn
|
Germany
|
100%
|
MPC Capital AG, Hamburg
|
|
Verwaltung Siebenundfünfzigste Sachwert Rendite-Fonds Holland GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital GmbH, Hamburg
|
|
Verwaltung Siebenundvierzigste Sachwert Rendite-Fonds Holland GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital GmbH, Hamburg
|
|
Verwaltung Siebte Sachwert Rendite-Fonds Deutschland GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital GmbH, Hamburg
|
|
Verwaltung Siebzigste Sachwert Rendite-Fonds Holland GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital GmbH, Hamburg
|
|
Verwaltung TVP Treuhand GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital AG, Hamburg
|
|
Verwaltung Vierundfünfzigste Sachwert Rendite-Fonds Holland GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital GmbH, Hamburg
|
|
Verwaltung Zehnte Sachwert Rendite-Fonds Deutschland GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital GmbH, Hamburg
|
|
Verwaltung Zweite MPC Real Estate Opportunity Private Placement Amerika GmbH, Quickborn
|
Germany
|
100%
|
MPC Capital GmbH, Hamburg
|
|
Verwaltung Zweite MPC Sachwert Rendite-Fonds Opportunity Amerika GmbH, Quickborn
|
Germany
|
100%
|
MPC Capital GmbH, Hamburg
|
|
Verwaltung Zweite Reefer-Flottenfonds GmbH, Hamburg
|
Germany
|
100%
|
MPC Maritime Holding GmbH, Hamburg
|
|
Verwaltung Zweite Sachwert Rendite-Fonds Deutschland GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital GmbH, Hamburg
|
|
Verwaltung Zweiundsiebzigste Sachwert Rendite-Fonds Holland GmbH, Hamburg
|
Germany
|
100%
|
MPC Capital GmbH, Hamburg
|
|
Verwaltungsgesellschaft Achte MPC Global Equity mbH, Hamburg
|
Germany
|
100%
|
MPC Investment Services GmbH, Hamburg
|
|
Verwaltungsgesellschaft Duisburg Invest mbH, Hamburg
|
Germany
|
100%
|
MPC Capital Beteiligungsgesellschaft mbH & Co. KG, Hamburg
|
|
Verwaltungsgesellschaft Elfte Private Equity GmbH, Hamburg
|
Germany
|
100%
|
MPC Investment Services GmbH, Hamburg
|
|
Verwaltungsgesellschaft MPC Global Equity Step by Step II mbH, Hamburg
|
Germany
|
100%
|
MPC Investment Services GmbH, Hamburg
|
|
Verwaltungsgesellschaft MPC Global Equity Step by Step III mbH, Hamburg
|
Germany
|
100%
|
MPC Investment Services GmbH, Hamburg
|
|
Verwaltungsgesellschaft MPC Global Equity Step by Step IV mbH, Hamburg
|
Germany
|
100%
|
MPC Investment Services GmbH, Hamburg
|
|
Verwaltungsgesellschaft MPC Global Equity Step by Step mbH, Hamburg
|
Germany
|
100%
|
MPC Investment Services GmbH, Hamburg
|
|
Verwaltungsgesellschaft MPC Rendite-Fonds Leben plus VI mbH, Quickborn
|
Germany
|
100%
|
MPC Investment Services GmbH, Hamburg
|
|
Verwaltungsgesellschaft MPC Rendite-Fonds Leben plus VII mbH, Quickborn
|
Germany
|
100%
|
MPC Investment Services GmbH, Hamburg
|
|
Verwaltungsgesellschaft MPC Rendite-Fonds Leben plus spezial IV mbH, Quickborn
|
Germany
|
100%
|
MPC Investment Services GmbH, Hamburg
|
|
Verwaltungsgesellschaft MPC Rendite-Fonds Leben plus spezial V mbH, Quickborn
|
Germany
|
100%
|
MPC Investment Services GmbH, Hamburg
|
|
Verwaltungsgesellschaft Neunte Global Equity mbH, Hamburg
|
Germany
|
100%
|
MPC Investment Services GmbH, Hamburg
|
|
Verwaltungsgesellschaft Oil Rig Plus mbH, Hamburg
|
Germany
|
100%
|
MPC Maritime Holding GmbH, Hamburg
|
|
Verwaltungsgesellschaft Siebte MPC Global Equity mbH, Hamburg
|
Germany
|
100%
|
MPC Investment Services GmbH, Hamburg
|
|
Zweite MPC Best Select Company Plan Managementgesellschaft mbH, Quickborn
|
Germany
|
100%
|
MPC Investment Services GmbH, Hamburg
|
The accompanying unaudited interim condensed consolidated financial statements have been prepared in accordance with accounting principles
generally accepted in the United States (“U.S. GAAP”) and applicable rules and regulations of the U.S. Securities and Exchange Commission (the “SEC”) for interim financial information. They do not include all the information and notes
required by U.S. GAAP for complete financial statements. Accordingly, these statements and the accompanying notes should be read in conjunction with the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2024, filed
with the SEC on May 14, 2025 (the “2024 Annual Report”).
These unaudited interim condensed consolidated financial statements have been prepared on the same basis as the annual financial statements and, in the opinion of management, reflect all adjustments, which include only normal recurring
adjustments considered necessary for a fair presentation of the Company’s financial position, results of operations and cash flows for the periods presented. Operating results for the six-month period ended June 30, 2025, are not necessarily
indicative of the results that might be expected for the fiscal year ending December 31, 2025.
|