TOP Ships FY25 net income drops 39% to U.S. dollars 3.1 million

Reuters04-01

TOP Ships FY25 net income drops 39% to U.S. dollars 3.1 million

TOP Ships reported fiscal 2025 net income of USD 3.1 million, down 39%.
Revenue fell to USD 80.4 million, down 7%.
EBITDA declined to USD 38.4 million from USD 41.4 million.
Business shifted to two segments following April 11, 2025 acquisition of M/Y Para Bellvm, adding USD 4.4 million of revenue; tanker results were pressured by Aug. 1, 2025 spin-off that removed M/T Eco West Coast and M/T Eco Malibu, cutting revenue by USD 10.1 million.
For 2026, operating cash flow is expected to decrease versus 2025, partly offset by a full year of M/Y Para Bellvm operations and lower interest expense following 2025 refinancing.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. TOP Ships Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-26-012456), on April 01, 2026, and is solely responsible for the information contained therein.

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