$TOPS Income Statement | Understand Stock

$TOPS

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated statements of comprehensive income

In millions of USD, except per-share amounts

	FY2025 12 months to Dec 31, 2025	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021
Revenues (including $8,943, $8,967 and $8,943 respectively, from related party) (Note 17 & 5)
EXPENSES:
Voyage expenses (including$1,037, $1,040 and $1,015 respectively, to related party) (Note 11)
Operating lease expense (Note 6)
Vessel operating expenses (including$42, $46 and $11 respectively, to related party) (Note 11)
Dry-docking costs
Vessel depreciation (Note 4)
Management fees-related parties (Note 5)
General and administrative expenses (including$5,360, $6,360 and $6,360 respectively, to related party) (Note 5)
Loss on sale of vessels (Note 6 and 19)
Impairment on vessels (Note 19)
Other operating loss (Note 15)
Gain on sale of vessels
Impairment of vessels
Operating income

OTHER EXPENSES:
Gain on derivative financial instruments (Note 14)
Interest and finance costs (Note 12)
Interest income (including $-, $- and $277 respectively, from related party) (Note 5)
Equity (loss)/gain in unconsolidated joint ventures
Impairment on unconsolidated joint ventures (Note 17)
Total other expenses, net

Net income
Less: Preferred shares dividend (Note 15)
Net (loss) / income attributable to common shareholders
(Loss) / Earnings per common share, basic and diluted (Note 10) (in dollars per share)
Less: Deemed dividend on warrant inducement (Note 9)
Less: Deemed dividend on Series E Shares conversion
Net (Loss)/Income attributable to common shareholders
(Loss)/Earnings per common share, basic (Note 10) (in dollars per share)
(Loss)/Earnings per common share, diluted (Note 10) (in dollars per share)
Other Comprehensive Income:
Effective portion of changes in fair value of interest swap contracts (Note 14)
Total other comprehensive (loss) / income
Net income
Less: Deemed dividend for beneficial conversion feature of Series E Shares (Note 15)
Less: Deemed dividend equivalents on preferred shares related to redemption value (Note 15)
Change in foreign currency translation adjustments
Total Other Comprehensive Income

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