St. Catharines, Ontario (January 30, 2026) – Algoma Central Corporation (TSX: ALC) (“Algoma”, the “Company”), a leading provider of marine transportation services, today announced that the Company’s Board of Directors authorized payment of a quarterly dividend to shareholders of $0.21 per common share.

The dividend is payable on March 2, 2026 to shareholders of record on February 13, 2026.

This $0.21 common share dividend represents a 5% increase from the $0.20 per share dividend paid on December 1, 2025. Since 2018, Algoma’s quarterly dividend has more than doubled.

 About Algoma Central Corporation

Algoma Central Corporation is a global provider of marine transportation, owning and operating dry and liquid bulk carriers that serve critical industries throughout the Great Lakes-St. Lawrence Region and internationally. Focused on delivering exceptional customer service, utilizing fuel efficient vessels, and advancing innovative technologies, Algoma drives productivity while contributing to economic growth, strengthening communities, and supporting its people. Algoma truly is Your Marine Carrier of Choice™. Learn more at algonet.com.

Contacts: