Roman Empire Inc. Reports 1% Dip in Revenues and 13% Rise in Net Income for H1 2025
Roman Empire Inc., a wholly owned subsidiary of Top Ships Inc. and part of the Rubico Inc. Predecessor group, reported its results for the six months ended June 30, 2025. Revenues for the period were $11.970 million, compared to $12.036 million in the same period in 2024, reflecting a decrease of $66,000 or 1%. Net income for the first half of 2025 was $3.976 million, up from $3.512 million in the prior-year period. During the period, interest paid decreased to $2.651 million from $3.150 million in the first half of 2024. The company also noted a net decrease in Net Parent Investment of $5.054 million, compared to $4.270 million in the previous year's period. Roman Empire Inc. owns one 157,000 dwt suezmax tanker, the M/T Eco West Coast, and operates as part of Rubico Inc. Predecessor alongside Athenean Empire Inc. and Rubico Inc. No significant updates regarding business operations were provided in the reported period.
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