Rubico Inc. Reports Net Income of $1.4 Million, Revenues of $5.4 Million and EBITDA of $3.3 Million for the Three Months Ended September 30, 2026

ATHENS, Greece, Nov. 12, 2026 (GLOBE NEWSWIRE) -- Rubico Inc. (Nasdaq: RUBI) (the “Company” or “Rubico”), a global provider of shipping transportation services specializing in the ownership of vessels, announced today its financial results for the third quarter and nine months ended September 30, 2026. For the third quarter of 2026, the Company reported net income of $1.4 million, revenues of $5.4 million, EBITDA of $3.3 million and net cash provided by operating activities of $1.4 million, compared with net income of $0.5 million, revenues of $5.7 million, EBITDA of $2.9 million and net cash provided by operating activities of $0.6 million for the third quarter of 2025. For the nine months ended September 30, 2026, the Company reported net income of $0.3 million, revenues of $15.1 million, EBITDA of $6.3 million and net cash provided by operating activities of $5.5 million, compared with net income of $4.5 million, revenues of $17.7 million, EBITDA of $11.7 million and net cash provided by operating activities of $7.3 million for the nine months ended September 30, 2025. Furthermore, as of September 30, 2026, the Company had cash and cash equivalents (including restricted cash) of $3.7 million, total assets of $159.3 million and total Stockholders’ equity of $46.8 million. The condensed consolidated financial information set out in this press release is unaudited and has been prepared in accordance with accounting principles generally accepted in the United States.