RUBI · Rubico Inc.

Rubico Inc., together with its subsidiaries, engages in the tanker operations business in Greece and internationally. It owns and operates tanker vessels for the transportation of crude oil. The company was formerly known as Central Tactical Acquisitions Inc. and changed its name to Rubico Inc. in March 2023. Rubico Inc. was incorporated in 2022 and is based in Athens, Greece.

Cap structure and valuation

Cap structure
SP	$3.72
SO	0.4M
Options	—
Warrants	—
FD SO	0.4M
MC	$1.4M

Cash	$4.0M
Total debt	$82.3M
EV	$79.8M

TTM Multiples
EV / Revenue	—
EV / EBITDA	—
MC / Net Income	—
EV / FCF	—
MC / FCF	—

Ownership & coverage
Institutional	0.0%
Insiders	0.0%
# Institutions	3
Analysts	0
Consensus	—
Avg target	—

Short % float	—
Days to cover	0.02

MC = SP × FD SO. EV = MC + Debt − Cash. SP = previous yfinance close. Balance-sheet figures as of 2025-12-31. Multiples use TTM (sum of last 4 quarters); shown as "—" when the denominator is zero or negative, or when fewer than four quarters are reported — a partial sum is not a trailing twelve months. Ownership & coverage per Yahoo Finance as of 2026-07-13 — institutional % is 13F-based, so it can lag a quarter and exceed 100% on share-count timing. Short interest per FINRA bi-monthly reporting, as of 2026-06-29; the float denominator can be unreliable on tiny floats.

This filer tags no option or warrant count, so FD SO counts it as zero and understates dilution — treat FD SO, MC and EV as a floor. (XBRL reports nothing both for a filer that has none and for one that simply doesn't tag them.)

Financial statements

	12/31/25	12/31/24	12/31/23
Total Revenue	23.52	24.20	24.48
Revenue YoY %	(2.8%)	(1.1%)	—
Gross Profit	13.66	14.31	14.12
Gross Profit YoY %	(4.5%)	1.3%	—
Gross Margin %	58.1%	59.1%	57.7%

SG&A	1.26	1.89	1.69

Operating Income	12.40	12.42	12.44
Operating Income YoY %	(0.2%)	(0.1%)	—
Operating Margin %	52.7%	51.3%	50.8%

Interest Expense	8.26	6.50	5.87
Other Income / (Expense)	(1.49)	—	—
Pretax Income	2.65	5.94	6.63
Net Income	2.65	5.94	6.63
Net Margin %	11.2%	24.6%	27.1%

Diluted EPS	$49.07	$454.96	$507.54
Basic EPS	$49.07	$454.96	$507.54
Diluted Avg Shares	0.1	0.0	0.0
Basic Avg Shares	0.1	0.0	0.0

	12/31/25	12/31/24	12/31/23
Cash & Equivalents	3.96	1.16	2.79
Receivables	1.02	0.23	—
Inventory	0.19	0.18	—
Other Current Assets	1.87	—	—
Total Current Assets	7.05	2.04	—

Net PPE	106.19	110.37	—
Other Assets	20.83	1.00	—
Total Assets	134.07	113.41	—

Accounts Payable	2.83	0.90	—
Current Debt	4.34	4.22	—
Other Current Liabilities	2.82	2.49	—
Total Current Liabilities	10.00	7.62	—
Long-term Debt	77.94	71.58	—
Total Liabilities	88.27	79.30	—

Retained Earnings	31.76	31.05	—
Total Equity	45.80	34.12	35.73

	12/31/25	12/31/24	12/31/23
Net Income	2.65	5.94	6.63
Δ Working Cap & Other	8.69	4.55	5.17
Operating Cash Flow	11.33	10.50	11.80

Other Investing	(19.93)	—	—
Investing Cash Flow	(19.93)	0.00	0.00

Debt Repayment	(73.57)	0.00	(61.15)
Stock Issuance	13.66	0.00	0.00
Other Financing	71.21	(12.13)	49.71
Financing Cash Flow	11.30	(12.13)	(11.44)

	12/31/25	12/31/24	12/31/23
Current Ratio	0.70	0.27	—
Quick Ratio	0.69	0.25	—
Debt / Equity	1.93	2.32	—
EBITDA Margin %	—	—	—
Working Capital	(2.96)	(5.57)	—
Net Debt	73.97	70.42	—
ROE %	5.8%	17.4%	18.6%
ROA %	2.0%	5.2%	—

Insider activity (last 2 years)

Date Filed	Reporter	Relationship	Trans. Date	Code	Shares	Price	Total Value
2026-06-16	HRT FINANCIAL LP	10% Owner	2026-06-12	S	(551,020)	$0.95	-$525,673
2026-06-16	HRT FINANCIAL LP	10% Owner	2026-06-11	P	484,963	$0.81	$393,790