Top Ships Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Cash & Equivalents	5.97	7.63	35.96	20.54	2.37	19.33
Cash & Short-Term Investments	5.97	7.63	35.96	20.54	2.37	19.33
Cash Growth	-64.46%	-78.78%	75.02%	766.84%	-87.74%	338.08%
Accounts Receivable	2.6	1.11	0.32	0.01	0.08	-
Other Receivables	1.78	2.4	-	-	-	-
Total Trade Receivables	4.38	3.51	0.32	0.01	0.08	-
Inventory	0.99	0.98	0.92	1.03	0.67	0.51
Other Current Assets	4.38	4.05	1.55	1.31	72.22	25.24
Total Current Assets	18.46	23.44	38.73	22.89	75.33	45.09
Net Property, Plant & Equipment	399.96	371.55	414.17	446.98	262.26	258.94
Long-Term Investments	7.31	8.05	19.64	22.17	24.48	28.23
Other Long-Term Assets	3	27	6.13	6	6	6
Total Assets	426	422.77	459.19	469.34	330.79	293.03
Accounts Payable	4.92	1.82	1.36	1.95	2.31	2.54
Accrued Expenses	3.12	2.99	2.36	2.06	1.15	0.96
Short-Term Debt	-	-	-	-	53.2	-
Current Portion of Long-Term Debt	16.07	14.2	12.42	12.34	7.21	5.32
Current Portion of Leases	2.96	6.36	8.98	8.61	9.82	9.29
Unearned Revenue	7.85	6.65	6.62	7.03	3.66	2.07
Other Current Liabilities	14.1	1.17	9.65	0.24	29.76	5.23
Total Current Liabilities	49.01	33.19	41.37	32.24	107.09	25.41
Long-Term Debt	249.82	245.06	228.08	221.37	90.16	99.3
Long-Term Leases	-	-	6.36	15.34	23.95	33.81
Other Long-Term Liabilities	0.02	0.1	-	3.37	0.23	0.3
Total Long-Term Liabilities	249.84	245.16	234.44	240.08	114.34	133.4
Total Liabilities	298.86	278.35	275.81	272.31	221.42	158.81
Preferred Stock	0	0	0	0	0	0
Common Stock	0.05	0.05	0.05	0.01	0.02	0.4
Additional Paid-in Capital	425.46	451.08	451.16	428.47	429.96	465.67
Accumulated Other Comprehensive Income	0.78	-	-	-	-	-
Retained Earnings	-299.14	-306.71	-311.74	-317.81	-336.75	-345.37
Total Common Shareholders' Equity	127.14	144.42	139.46	110.67	93.22	120.7
Minority Interest	-	-	43.92	86.35	16.14	13.52
Shareholders' Equity	127.14	144.42	183.38	197.02	109.36	134.22
Total Liabilities & Equity	426	422.77	459.19	469.34	330.79	293.03
Total Debt	268.85	265.62	255.84	257.66	184.33	147.71
Net Cash (Debt)	-262.88	-257.99	-219.88	-237.12	-181.96	-128.38
Net Cash Per Share	-56.82	-55.77	-122.24	-937.91	-1096.39	-1310.18
Book Value	127.14	144.42	139.46	110.67	93.22	120.7
Book Value Per Share	27.48	31.22	77.53	437.76	561.69	1231.77
Tangible Book Value	127.14	144.42	139.46	110.67	93.22	120.7
Tangible Book Value Per Share	27.48	31.22	77.53	437.76	561.69	1231.77

Updated Oct 7, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q