TOP SHIPS INC. (TOPS) Form 6-K — Sep 17, 2026
TOP Ships reported net income of $6.5 million, diluted EPS of $0.61 and revenues of $25.5 million for the six months ended June 30, 2026, with EBITDA of $17.2 million and $11.1 million of net operating cash flow. Both earnings and EBITDA declined from the prior-year period, when net income was $7.6 million and EBITDA was $24.4 million. The company is reshaping its growth profile around its MR newbuilding program.
Key figures
- Eps
- 0.61
- Revenue
- 25500000
- Net Income
- 6500000
- Total Assets
- 373500000
- Cash Position
- 13300000
- Ebitda
- 17.2 million
- Eps Basic
- 0.68
- Additional Mr Dwt
- 49,940
- Prior Year Ebitda
- 24.4 million
- Fleet Capacity Dwt
- 857,000
- Mr Newbuilding Dwt
- 47,499
- Prior Year Net Income
- 7.6 million
- Stockholders Equity
- 76.7 million
- Vessel Depreciation H1
- 5.1 million
- Mr Newbuildings Additional
- 3
- Mr Newbuildings Contracted
- 8
- Dubai Loi Payment Redeployed
- 23.5 million
- Interest And Finance Costs H1
- 5.7 million
- Lease Financing Coverage Percent
- approximately 85%
- Net Cash From Operating Activities
- 11.1 million
- Newbuilding Contracted Revenue Total
- 680.4 million
- Three Additional Mr Contracted Revenue
- 140.6 million
- Trafigura Charters Contracted Revenue
- 539.8 million
AI analysis
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