08:34 AM EST, 11/04/2025 (MT Newswires) -- Algoma Central ( AGMJF ) , a global provider of marine transportation, on Tuesday reported a decrease in net earnings despite a rise in revenue in the third quarter.

For the three-months ended Sept. 30, net earnings decreased to $39,437 or $0.97 earnings per share, compared with $39,914 or $0.98 per share, a year earlier.

Revenue for the quarter increased to $228,035, compared with $204,644, a year-ago.

"This quarter marked a milestone for Algoma with the delivery of the Algoma Legacy, the first of three next-generation, methanol-ready self-unloading vessels," said Algoma Central ( AGMJF ) chief executive Gregg Ruhl. "We also approved investments in two newbuild 9,500-deadweight mini-bulkers in our global short sea joint venture, NASC, with delivery expected in late 2027."

The company expects continued higher costs across its supply chains and added that it is exploring ways to mitigate potential impacts.

Its board authorized payment of a quarterly dividend to shareholders of $0.20 per common share, unchanged from the prior quarter, payable on Dec. 1, 2025, to shareholders of record on Nov. 17, 2025.

Shares of the company closed up 3.3% to $17.98 on Monday on the Toronto Stock Exchange.