- Rubico Inc. reported **net income of $3,976 thousand** for the six months ended June 30, 2025, a 13% increase compared to the same period in 2024, while revenues decreased by 1% to **$11,970 thousand**.  **[1943421_0001171843-25-006191_exh_991.htm:1]** 
- As of June 30, 2025, the company had **$1.5 million in cash and cash equivalents** and a total indebtedness of **$73.7 million** (net of deferred financing fees).  **[1943421_0001171843-25-006191_exh_991.htm:3]** **[1943421_0001171843-25-006191_exh_991.htm:9]** 
- The company completed its spin-off from Top Ships Inc. on **August 1, 2025**, and its common shares began trading on Nasdaq under the symbol **"RUBI"** on August 4, 2025.  **[1943421_0001171843-25-006191_exh_991.htm:7]** **[1943421_0001171843-25-006191_exh_991.htm:10]** 
- Rubico Inc. entered into an Equity Line Purchase Agreement on July 21, 2025, allowing it to sell up to **$30,000 thousand** of common shares, and secured a new sale and leaseback financing facility for **$84,000 thousand** on August 7, 2025, which is expected to close in November 2025.  **[1943421_0001171843-25-006191_exh_991.htm:10]**

Rubico (RUBI)