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Mahathir Bayena

Mahathir Bayena

GrafaCrypto Journalist

Crypto journalist for Grafa, with nearly 10 years of experience covering blockchain, Web3, and NFT gaming trends. MBA & Economics grad.

Articles by Mahathir Bayena

Grafa

Toro profit falls to $0.5 million as shipping line hands out dividends

Toro Corp. (NASDAQ:TORO) reported a decline in first-quarter net income as escalating operational costs outpaced top-line growth, though the shipping company leveraged its robust liquidity reserves to clear a new credit line and push through massive cash payouts to equity holders.

Read more: Toro profit falls to $0.5 million as shipping line hands out dividends
Grafa
Technology

Formula Systems profit surges on record revenue, sets $200M special dividend

Formula Systems (NASDAQ:FORTY) reported record financial results for the first quarter of 2026, driven by double-digit revenue expansion across its global technology portfolio and the finalization of a massive software consolidation merger.

Read more: Formula Systems profit surges on record revenue, sets $200M special dividend