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Top Ships Inc.

$0.71 -$4.03 (-85.02%)
AMEX · 14 Sep 2026 20:00 UTC
Previous Close
$0.72
Day Range
$0.71$0.73
Year Range
$0.62$7.4
Market Cap
3.28M
AVG Volume
680.25K
Trailing/Forward PE
1.08/-
PEG ratio
-0.02
Dividend Yield
-
Next Earnings Date
2027-03-03
Primary Exchange
New York Stock Exchange ArcaUS
Revenue (USD)
020M40M60M20 Q220 Q421 Q221 Q422 Q222 Q423 Q223 Q425 Q225 Q4
TOPS Revenue (USD) by quarter
PeriodRevenue (USD)
25 Q436.6M
25 Q243.81M
23 Q441.8M
23 Q241.15M
22 Q420.91M
22 Q219.42M
21 Q415.53M
21 Q212.65M
20 Q413.81M
20 Q216.3M
Net Income (USD)
-15M-10M-5M05M10M20 Q220 Q421 Q221 Q422 Q222 Q423 Q223 Q425 Q225 Q4
TOPS Net Income (USD) by quarter
PeriodNet Income (USD)
25 Q4-4.48M
25 Q27.56M
23 Q4292K
23 Q25.77M
22 Q41.97M
22 Q2-6.56M
21 Q42.31M
21 Q2383.5K
20 Q4-10.41M
20 Q2-3.98M
Operating Income (USD)
05M10M15M20M20 Q220 Q421 Q221 Q422 Q222 Q423 Q223 Q425 Q225 Q4
TOPS Operating Income (USD) by quarter
PeriodOperating Income (USD)
25 Q48.04M
25 Q218.24M
23 Q412.45M
23 Q216.27M
22 Q48.74M
22 Q27.53M
21 Q45.27M
21 Q22.71M
20 Q46.16M
20 Q21.52M
EBITDA (USD)
010M20M30M20 Q220 Q421 Q221 Q422 Q222 Q423 Q223 Q425 Q225 Q4
TOPS EBITDA (USD) by quarter
PeriodEBITDA (USD)
25 Q423.11M
25 Q225.11M
23 Q418.59M
23 Q223.45M
22 Q412.33M
22 Q210.58M
21 Q47.45M
21 Q24.38M
20 Q49.18M
20 Q25.11M
Cash Flows (USD)
-300M-200M-100M0100M20 Q220 Q421 Q221 Q422 Q222 Q423 Q223 Q425 Q225 Q4
TOPS Cash Flows (USD) by quarter
PeriodCash Flows (USD)
25 Q41.38M
25 Q215.74M
23 Q414.24M
23 Q213.02M
22 Q419.22M
22 Q2-206.08M
21 Q4-5.27M
21 Q2-44.45M
20 Q4-24.31M
20 Q2-92.36M
EPS (USD)
-150-100-5005020 Q220 Q421 Q221 Q422 Q222 Q423 Q223 Q425 Q225 Q4
TOPS EPS (USD) by quarter
PeriodEPS (USD)
25 Q4-0.97
25 Q21.63
23 Q4-13.04
23 Q20.6
22 Q45.99
22 Q2-36.91
21 Q413.95
21 Q22.31
20 Q4-62.86
20 Q2-130.9
Expenses (USD)
0100M200M300MSG&ACapex20 Q220 Q421 Q221 Q422 Q222 Q423 Q223 Q425 Q225 Q4
TOPS Expenses (USD) by quarter
PeriodExpenses (USD)
25 Q419.19M
25 Q211.09M
23 Q412.47M
23 Q27.27M
22 Q41.15M
22 Q2217.42M
21 Q49.59M
21 Q250.44M
20 Q427.43M
20 Q293.7M
Cash & Debt (USD)
0100M200M300MCashLong Term DebtShort Term Debt21 Q221 Q422 Q222 Q423 Q223 Q424 Q224 Q425 Q225 Q4
TOPS Cash & Debt (USD) by quarter
PeriodCash & Debt (USD)
25 Q420.37M
25 Q26.97M
24 Q47.63M
24 Q216.8M
23 Q435.96M
23 Q29.63M
22 Q420.54M
22 Q214.27M
21 Q42.37M
21 Q28.39M
Debt ratios
010203019 Q219 Q420 Q220 Q421 Q221 Q422 Q222 Q423 Q223 Q4
TOPS Debt ratios by quarter
PeriodDebt ratios
23 Q43.39
23 Q24.48
22 Q46.92
22 Q28.2
21 Q46.97
21 Q27.41
20 Q44.48
20 Q211.96
19 Q417.69
19 Q220.67
Margins
0%20%40%60%80%20 Q220 Q421 Q221 Q422 Q222 Q423 Q223 Q425 Q225 Q4
TOPS Margins by quarter
PeriodMargins
25 Q458.46%
25 Q259%
23 Q459.62%
23 Q257.22%
22 Q464.32%
22 Q258.92%
21 Q455.06%
21 Q244.96%
20 Q459.58%
20 Q260.78%
Return on Capital
-10%-5%0%5%10%20 Q220 Q421 Q221 Q422 Q222 Q423 Q223 Q425 Q225 Q4
TOPS Return on Capital by quarter
PeriodReturn on Capital
25 Q4-5.02%
25 Q25.95%
23 Q40.16%
23 Q23.11%
22 Q41%
22 Q2-3.43%
21 Q42.12%
21 Q20.31%
20 Q4-7.75%
20 Q2-2.84%
Shares Outstanding
02M4M6M20 Q220 Q421 Q221 Q422 Q222 Q423 Q223 Q425 Q225 Q4
TOPS Shares Outstanding by quarter
PeriodShares Outstanding
25 Q44.63M
25 Q24.63M
23 Q41.8M
23 Q21.48M
22 Q4328.29K
22 Q2177.68K
21 Q4165.97K
21 Q2165.97K
20 Q4165.55K
20 Q230.43K
Dividends (USD)
0100000000000000200000000000000300000000000000Dec 04Mar 05Jul 05Jul 05Oct 05Jan 06Mar 06Apr 06
TOPS Dividends (USD) by quarter
PeriodDividends (USD)
Apr 06113399996000000
Mar 06226799992999999.97
Jan 069525599900000
Oct 059525599900000
Jul 0511340000300000
Jul 059525599900000
Mar 059525599900000
Dec 049525599900000
Employee Count
01002003002012201320142015201620172018201920202021
TOPS Employee Count by quarter
PeriodEmployee Count
2021269
2020173
2019269
2018173
2017154
2016131
201568
201423
20132
20127
Book Value Per Share (USD)
020004000600020 Q220 Q421 Q221 Q422 Q222 Q423 Q223 Q425 Q225 Q4
TOPS Book Value Per Share (USD) by quarter
PeriodBook Value Per Share (USD)
25 Q419.28
25 Q227.48
23 Q4101.95
23 Q2125.18
22 Q4600.15
22 Q21075.71
21 Q4658.95
21 Q2754.22
20 Q4810.74
20 Q24607.53
Total Assets (USD)
0200M400M600M21 Q221 Q422 Q222 Q423 Q223 Q424 Q224 Q425 Q225 Q4
TOPS Total Assets (USD) by quarter
PeriodTotal Assets (USD)
25 Q4333.61M
25 Q2426M
24 Q4422.77M
24 Q2430.22M
23 Q4459.19M
23 Q2446.22M
22 Q4469.34M
22 Q2475.41M
21 Q4330.79M
21 Q2353.08M
PE Ratio
0200000000400000000600000000med 17.1Jul 07Nov 07Sep 23Dec 23Apr 24Aug 24
TOPS PE Ratio by quarter
PeriodPE Ratio
Aug 2410.98
Aug 2411.64
Aug 2410.91
Aug 2411.3
Jul 2413.16
Jul 2412.91
Jul 2413.43
Jul 2413.51
Jun 2413.46
Jun 2413.96
Jun 2414.96
Jun 2416.2
May 2416.49
May 2417.08
May 2415.03
May 2415.29
May 2415.32
Apr 2415.16
Apr 2415.51
Apr 2416.05
Apr 2416.53
Mar 2417.13
Mar 2416.23
Mar 2416.31
Mar 2417.77
Mar 2416.7
Feb 245.64
Feb 246.18
Feb 245.73
Feb 245.87
Jan 245.85
Jan 245.99
Jan 246.36
Jan 246.41
Dec 236.63
Dec 237.06
Dec 237.39
Dec 236.96
Dec 235.36
Nov 234.34
Nov 233.39
Nov 232.49
Nov 232.74
Oct 232.74
Oct 233.01
Oct 233.44
Oct 232.6
Sep 233.03
Sep 233.11
Sep 233.46
Sep 233.67
Sep 233.82
Feb 08227001983.49
Feb 08235242970.36
Feb 08197783906.41
Feb 08217262629.08
Jan 08193288817.63
Jan 08182051095.67
Jan 08227751160.34
Jan 08248728236.7
Dec 07255470869.87
Dec 07272702062.01
Dec 07267457782.53
Dec 07268206973.23
Nov 07331138216.18
Nov 07303418492.79
Nov 07310910316.66
Nov 07324395583.01
Nov 07423287536.21
Oct 07434525258.16
Oct 07445013789.42
Oct 07500453236.2
Oct 07518433591.33
Sep 07523677843.11
Sep 07451007231.89
Sep 07437521965.55
Sep 07447261333.81
Aug 07460746600.16
Aug 07287841051.11
Aug 07252347132.45
Aug 07242622778.82
Aug 07334517959.36
Jul 07333545547.37
Jul 07390433051.22
Jul 07399184974.89
Jul 07391405463.21
Jun 07349104498.81
Jun 07344728536.97
Jun 07327224689.63
Jun 07319445213.92
Jun 07302913814.53
May 07293189442.91
May 07266447447.93
May 07227063791.42
May 07224146483.53
Apr 07229008669.34
Apr 07225118931.48
Apr 07223174053.56
Apr 07225605137.47
Mar 07226577585.42
Free Cash Flow Yield
-20000%-15000%-10000%-5000%0%med -1874.78%Dec 22Mar 23Jun 23Oct 23Jan 24May 24Aug 24
TOPS Free Cash Flow Yield by quarter
PeriodFree Cash Flow Yield
Aug 24-986.94%
Aug 24-931.5%
Aug 24-993.57%
Aug 24-959.29%
Jul 24-823.82%
Jul 24-839.41%
Jul 24-807.33%
Jul 24-802.22%
Jun 24-805.13%
Jun 24-776.46%
Jun 24-724.29%
Jun 24-668.87%
May 24-657.23%
May 24-634.66%
May 24-721.35%
May 24-709.06%
May 24-707.26%
Apr 24-714.95%
Apr 24-698.63%
Apr 24-675.23%
Apr 24-655.77%
Mar 24-632.85%
Mar 24-667.61%
Mar 24-664.61%
Mar 24-609.8%
Mar 24-649.05%
Feb 24-908.23%
Feb 24-829.06%
Feb 24-894.11%
Feb 24-872.79%
Jan 24-875.32%
Jan 24-855.49%
Jan 24-806.37%
Jan 24-798.91%
Dec 23-773.33%
Dec 23-725.49%
Dec 23-693.03%
Dec 23-736.1%
Dec 23-955.65%
Nov 23-1181.94%
Nov 23-1509.93%
Nov 23-2061.34%
Nov 23-1872.79%
Oct 23-1872.79%
Oct 23-1701.33%
Oct 23-1491.29%
Oct 23-1973.77%
Sep 23-1691.8%
Sep 23-1650.2%
Sep 23-1480.33%
Sep 23-1398.09%
Sep 23-1342.16%
Aug 23-8579.42%
Aug 23-7902.1%
Aug 23-7323.89%
Aug 23-8115.67%
Jul 23-8703.76%
Jul 23-8831.76%
Jul 23-8579.42%
Jul 23-9686.44%
Jun 23-10536.13%
Jun 23-9383.74%
Jun 23-8831.76%
Jun 23-8703.76%
Jun 23-8579.42%
May 23-8226.84%
May 23-8341.1%
May 23-8115.67%
May 23-8458.58%
Apr 23-8115.67%
Apr 23-7506.99%
Apr 23-7065.4%
Apr 23-6983.25%
Mar 23-6824.54%
Mar 23-7065.4%
Mar 23-7065.4%
Mar 23-6321.68%
Mar 23-6527.82%
Feb 23-15639.84%
Feb 23-16219.1%
Feb 23-10028.6%
Feb 23-9187.04%
Jan 23-9804.08%
Jan 23-8758.31%
Jan 23-9877.8%
Jan 23-10857.41%
Dec 22-10344.46%
Dec 22-11325.4%
Dec 22-9251.74%
Dec 22-9060.32%
Dec 22-7258.27%
Nov 22-5362.23%
Nov 22-4042.3%
Nov 22-3841.37%
Nov 22-3243.82%
Oct 22-2789.27%
Oct 22-2795.21%
Oct 22-2601.48%
Oct 22-1876.78%
Sep 22-4321.54%
Price to Sales
00.10.20.3med 0.12Dec 22Mar 23Jun 23Oct 23Jan 24May 24Aug 24
TOPS Price to Sales by quarter
PeriodPrice to Sales
Aug 240.13
Aug 240.14
Aug 240.13
Aug 240.13
Jul 240.16
Jul 240.15
Jul 240.16
Jul 240.16
Jun 240.16
Jun 240.17
Jun 240.18
Jun 240.19
May 240.2
May 240.2
May 240.18
May 240.18
May 240.18
Apr 240.18
Apr 240.19
Apr 240.19
Apr 240.2
Mar 240.2
Mar 240.19
Mar 240.19
Mar 240.21
Mar 240.2
Feb 240.2
Feb 240.22
Feb 240.21
Feb 240.21
Jan 240.21
Jan 240.22
Jan 240.23
Jan 240.23
Dec 230.24
Dec 230.25
Dec 230.27
Dec 230.25
Dec 230.19
Nov 230.16
Nov 230.12
Nov 230.09
Nov 230.1
Oct 230.1
Oct 230.11
Oct 230.12
Oct 230.09
Sep 230.11
Sep 230.11
Sep 230.12
Sep 230.13
Sep 230.14
Aug 230.04
Aug 230.04
Aug 230.05
Aug 230.04
Jul 230.04
Jul 230.04
Jul 230.04
Jul 230.04
Jun 230.03
Jun 230.04
Jun 230.04
Jun 230.04
Jun 230.04
May 230.04
May 230.04
May 230.04
May 230.04
Apr 230.04
Apr 230.05
Apr 230.05
Apr 230.05
Mar 230.05
Mar 230.05
Mar 230.05
Mar 230.05
Mar 230.05
Feb 230.03
Feb 230.03
Feb 230.05
Feb 230.05
Jan 230.05
Jan 230.05
Jan 230.05
Jan 230.04
Dec 220.04
Dec 220.04
Dec 220.05
Dec 220.05
Dec 220.06
Nov 220.09
Nov 220.11
Nov 220.12
Nov 220.14
Oct 220.16
Oct 220.16
Oct 220.18
Oct 220.24
Sep 220.11
EV/EBITDA
246810med 4.93Dec 22Mar 23Jun 23Oct 23Jan 24May 24Aug 24
TOPS EV/EBITDA by quarter
PeriodEV/EBITDA
Aug 243.63
Aug 243.65
Aug 243.63
Aug 243.64
Jul 243.68
Jul 243.68
Jul 243.69
Jul 243.69
Jun 243.69
Jun 243.7
Jun 243.72
Jun 243.75
May 243.76
May 243.77
May 243.73
May 243.73
May 243.73
Apr 243.73
Apr 243.74
Apr 243.75
Apr 243.76
Mar 243.77
Mar 243.75
Mar 243.75
Mar 243.79
Mar 243.76
Feb 244.84
Feb 244.88
Feb 244.85
Feb 244.86
Jan 244.86
Jan 244.86
Jan 244.89
Jan 244.89
Dec 234.91
Dec 234.93
Dec 234.96
Dec 234.93
Dec 234.82
Nov 234.76
Nov 234.7
Nov 234.64
Nov 234.65
Oct 234.65
Oct 234.67
Oct 234.7
Oct 234.64
Sep 234.67
Sep 234.68
Sep 234.7
Sep 234.71
Sep 234.72
Aug 237
Aug 237.01
Aug 237.01
Aug 237
Jul 237
Jul 237
Jul 237
Jul 236.99
Jun 236.98
Jun 236.99
Jun 237
Jun 237
Jun 237
May 237
May 237
May 237
May 237
Apr 237
Apr 237.01
Apr 237.02
Apr 237.02
Mar 237.02
Mar 237.02
Mar 237.02
Mar 237.03
Mar 237.02
Feb 238.26
Feb 238.26
Feb 238.29
Feb 238.3
Jan 238.29
Jan 238.3
Jan 238.29
Jan 238.28
Dec 228.29
Dec 228.28
Dec 228.3
Dec 228.3
Dec 228.32
Nov 228.37
Nov 228.42
Nov 228.43
Nov 228.48
Oct 228.52
Oct 228.52
Oct 228.54
Oct 228.67
Sep 228.41
Price/Operating Cashflow
00.20.40.60.8med 0.27Dec 22Mar 23Jun 23Oct 23Jan 24May 24Aug 24
TOPS Price/Operating Cashflow by quarter
PeriodPrice/Operating Cashflow
Aug 240.28
Aug 240.3
Aug 240.28
Aug 240.29
Jul 240.34
Jul 240.33
Jul 240.35
Jul 240.35
Jun 240.35
Jun 240.36
Jun 240.39
Jun 240.42
May 240.43
May 240.44
May 240.39
May 240.39
May 240.4
Apr 240.39
Apr 240.4
Apr 240.41
Apr 240.43
Mar 240.44
Mar 240.42
Mar 240.42
Mar 240.46
Mar 240.43
Feb 240.43
Feb 240.47
Feb 240.43
Feb 240.44
Jan 240.44
Jan 240.45
Jan 240.48
Jan 240.48
Dec 230.5
Dec 230.53
Dec 230.56
Dec 230.53
Dec 230.41
Nov 230.33
Nov 230.26
Nov 230.19
Nov 230.21
Oct 230.21
Oct 230.23
Oct 230.26
Oct 230.2
Sep 230.23
Sep 230.23
Sep 230.26
Sep 230.28
Sep 230.29
Aug 230.07
Aug 230.08
Aug 230.09
Aug 230.08
Jul 230.07
Jul 230.07
Jul 230.07
Jul 230.06
Jun 230.06
Jun 230.07
Jun 230.07
Jun 230.07
Jun 230.07
May 230.08
May 230.07
May 230.08
May 230.07
Apr 230.08
Apr 230.08
Apr 230.09
Apr 230.09
Mar 230.09
Mar 230.09
Mar 230.09
Mar 230.1
Mar 230.1
Feb 230.09
Feb 230.08
Feb 230.14
Feb 230.15
Jan 230.14
Jan 230.16
Jan 230.14
Jan 230.13
Dec 220.13
Dec 220.12
Dec 220.15
Dec 220.15
Dec 220.19
Nov 220.25
Nov 220.34
Nov 220.35
Nov 220.42
Oct 220.49
Oct 220.49
Oct 220.52
Oct 220.72
Sep 220.31
Price to Book
00.050.10.150.20.25med 0.12Nov 23Mar 24Jun 24Nov 25Feb 26Jun 26Sep 26
TOPS Price to Book by quarter
PeriodPrice to Book
Sep 260.04
Sep 260.04
Sep 260.04
Aug 260.04
Aug 260.04
Aug 260.05
Aug 260.04
Jul 260.03
Jul 260.04
Jul 260.04
Jul 260.04
Jul 260.04
Jun 260.04
Jun 260.05
Jun 260.05
Jun 260.05
May 260.05
May 260.05
May 260.05
May 260.11
May 260.12
Apr 260.13
Apr 260.16
Apr 260.15
Apr 260.17
Mar 260.12
Mar 260.11
Mar 260.13
Mar 260.16
Feb 260.18
Feb 260.18
Feb 260.18
Feb 260.18
Jan 260.19
Jan 260.19
Jan 260.19
Jan 260.2
Jan 260.17
Dec 250.18
Dec 250.18
Dec 250.21
Dec 250.22
Nov 250.22
Nov 250.22
Nov 250.22
Nov 250.21
Oct 250.22
Oct 250.22
Oct 250.21
Oct 250.21
Aug 240.09
Aug 240.09
Aug 240.09
Aug 240.09
Jul 240.11
Jul 240.1
Jul 240.11
Jul 240.11
Jun 240.11
Jun 240.11
Jun 240.12
Jun 240.13
May 240.13
May 240.14
May 240.12
May 240.12
May 240.12
Apr 240.12
Apr 240.12
Apr 240.13
Apr 240.13
Mar 240.14
Mar 240.13
Mar 240.13
Mar 240.14
Mar 240.13
Feb 240.11
Feb 240.12
Feb 240.11
Feb 240.11
Jan 240.11
Jan 240.11
Jan 240.12
Jan 240.12
Dec 230.12
Dec 230.13
Dec 230.14
Dec 230.13
Dec 230.1
Nov 230.08
Nov 230.06
Nov 230.05
Nov 230.05
Oct 230.05
Oct 230.06
Oct 230.06
Oct 230.05
Sep 230.06
Sep 230.06
Sep 230.07
Top Ships Inc.
TOPS
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News: TOPS

Top Ships Inc. Announces Acquisition of three High Specification Newbuilding MR Tankers and Potential Gross Revenue Backlog of about $0.93 Billion

globenewswire.com · 29 Jul 2026

Top Ships Inc. Announces Acquisition of three High Specification Newbuilding MR Tankers and Potential Gross Revenue Backlog of about $0.93 Billion

ATHENS, Greece, July 29, 2026 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the "Company" or "TOP Ships") (NYSE American: TOPS), an international owner and operator of modern, fuel-efficient "ECO" tanker vessels, announced today that it has entered into a share purchase agreement (the "SPA") with a related party (the “Seller”) to purchase the shares of three companies (the "SPVs"), each of which is party to one shipbuilding contract with an established, world-class shipbuilder for the construction of three high-specification, ECO, scrubber-fitted MR Product Tankers to be delivered in 2029. The SPVs have secured time charter employment for the vessels with an oil major, commencing upon their respective deliveries, for a firm duration of five years, with the charterer holding an option to extend for one additional year.

TOP Ships Announces Sale of a Newbuilding MR Tanker for about $6.5 million

globenewswire.com · 28 Jul 2026

TOP Ships Announces Sale of a Newbuilding MR Tanker for about $6.5 million

ATHENS, Greece, July 28, 2026 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company” or “TOP Ships”) (NYSE American: TOPS), an international owner and operator of modern, fuel-efficient “ECO” tanker vessels, announced today that it has entered into an agreement with Rubico Inc., a related party, to sell 100% of the issued and outstanding shares of a Marshall Islands company (the “SPV”) that is party to a shipbuilding contract with Guangzhou Shipyard International Company Limited and China Shipbuilding Trading Co., Ltd. for the construction of a 47,499 dwt chemical/product oil carrier scheduled for delivery in the second quarter of 2029.

TOP Ships Inc. Announces Management Estimate of Net Asset Value of $359.2 Million, a 24% Increase from the Previously Reported NAV

globenewswire.com · 27 Jul 2026

TOP Ships Inc. Announces Management Estimate of Net Asset Value of $359.2 Million, a 24% Increase from the Previously Reported NAV

ATHENS, Greece, July 27, 2026 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company” or “TOP Ships”) (NYSE American: TOPS), an international owner and operator of modern, fuel-efficient “ECO” tanker vessels, announced today that after taking into account the June 30, 2026, charter free vessel value estimates from third party international brokers, debt outstanding and cash, management estimates the Company's net asset value (“NAV”) as of June 30, 2026, to be $359.2 million. This reflects a 24% increase from the previous NAV reported on March 10, 2026.

TOP Ships Inc. Announces Decision to Sell M/Y Para Bellvm and Exit the Megayacht Sector

globenewswire.com · 22 Jul 2026

TOP Ships Inc. Announces Decision to Sell M/Y Para Bellvm and Exit the Megayacht Sector

ATHENS, Greece, July 22, 2026 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company” or “TOP Ships”) (NYSE American: TOPS), an international owner and operator of modern, fuel-efficient “ECO” tanker vessels, announced today that it has decided to sell the M/Y Para Bellvm and exit the Megayacht sector. The M/Y Para Bellvm is a 47-meter yacht built in 2023 at the Sanlorenzo shipyard, with capacity for 12 guests and a crew of 10.

TOP Ships Inc. Cancels Dubai Real Estate Deal

globenewswire.com · 16 Jul 2026

TOP Ships Inc. Cancels Dubai Real Estate Deal

ATHENS, Greece, July 16, 2026 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company” or “TOP Ships”) (NYSE American: TOPS), an international owner and operator of modern, fuel-efficient “ECO” tanker vessels, announced today that it has elected not to exercise its option to acquire the portfolio of residential real estate assets in Dubai contemplated by the letter of intent announced on November 28, 2025.

TOP Ships Inc. Announces Sale of ECO MR Product Tanker Newbuilding for About $6.25 million

globenewswire.com · 15 Jul 2026

TOP Ships Inc. Announces Sale of ECO MR Product Tanker Newbuilding for About $6.25 million

ATHENS, Greece, July 15, 2026 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that it has entered into an agreement with Rubico Inc to sell 100% of the issued and outstanding shares of one Marshall Island company (the “SPV”) which is a counterparty to a ship building contract for one very-high specification 47,499 dwt Medium Range product/chemical oil tanker with Guangzhou Shipyard International Company Limited, scheduled for delivery during 2029.

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