TOP Ships FY26 H1 net income falls 14.47% to USD 6.5 million; revenue drops 4.71% to USD 25.5 million
TOPS•First-half results
- TOP Ships posted net income of USD 6.5 million for the six months ended June 30, 2026, down 14.47%.
- Diluted earnings per share fell 12.86% to USD 0.61, while revenue totaled USD 25.5 million.
- Net cash provided by operating activities was USD 11.1 million, and stockholders’ equity stood at USD 76.7 million.
Newbuilding and charter commitments
- The company's newbuilding program covers eight 47,499 dwt MR tankers for 2028-2029 delivery, with contracted revenue of USD 539.8 million including options.
- TOP Ships also agreed to acquire three 49,940 dwt MR newbuildings with oil-major charters, adding USD 140.6 million in contracted revenue including options.
