Top Ships Announces Management Estimate of Net Asset Value at $289 Million
TOP Ships, Inc. (TOPS)
US:NASDAQ Investor Relations:
topships.org/investors-relations
Company Research
Source: GlobeNewswire
ATHENS, Greece, March 10, 2026 (GLOBE NEWSWIRE) -- TOP Ships Inc. (the “Company”), an international owner and operator of modern, fuel efficient "ECO" tanker vessels, announced today that after taking into account the most recent charter free vessel value estimates from a third party international broker, debt outstanding and cash, management estimates the Company’s net asset value (“NAV”) as of December 31, 2025 to be $289 million (including the Company’s 50% Joint Venture vessel’s values, debt and cash). This translates into a NAV of $58.81 per common share (based on number of common shares currently outstanding) and $45.13 per common share on a fully diluted basis (assuming exercise of all the 1,488,478 outstanding warrants). The Company’s CEO said: “As per the latest market close, we are trading at a 91.2% discount to the Company’s current estimate of the fully-diluted NAV of the Company. The company’s fleet has an average age of about 4.8 years, consisting of state-of-the-ar
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News
- Top Ships Announces Management Estimate of Net Asset Value at $289 Million [Yahoo! Finance]Yahoo! Finance
- TOP Ships Inc. Announces Agreement to Acquire Nine ECO MR Product Tanker Newbuildings with Time Charter Employment and Potential Gross Revenue Backlog of about $679 million [Yahoo! Finance]Yahoo! Finance
- TOP Ships Inc. Announces Agreement to Acquire Nine ECO MR Product Tanker Newbuildings with Time Charter Employment and Potential Gross Revenue Backlog of about $679 millionGlobeNewswire
- TOP Ships Announces Amendment of Time Charter at a Higher Daily Rate [Yahoo! Finance]Yahoo! Finance
- TOP Ships Announces Amendment of Time Charter at a Higher Daily RateGlobeNewswire
TOPS
Sec Filings
- 3/10/26 - Form 6-K
- 2/23/26 - Form 6-K
- 1/6/26 - Form 6-K
- TOPS's page on the SEC website