Rubico posts H1 FY26 net loss of $1.1 million; revenue totals $9.7 million
RUBI•H1 FY26 financial results
Rubico posted a net loss of USD 1.1 million for the six months ended June 30, 2026, with revenue of USD 9.7 million.
Net cash provided by operating activities totaled USD 4.1 million.
Cash and cash equivalents, including restricted cash, stood at USD 11.6 million as of June 30, 2026.
Total assets were USD 149.8 million, with total stockholders’ equity of USD 50.5 million.
Operating and fleet updates
CEO Kalliopi Ornithopoulou cited USD 4.6 million in drydocking-related impact tied to both operating Suezmax tankers’ five-year drydockings.
The company highlighted three 47,499 dwt MR newbuilding tankers owned or under share purchase agreement for delivery in 2029.
Rubico also flagged an intended divestiture of its megayacht to sharpen focus on core shipping operations.
