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In its first full quarter post-spin-off, Robin Energy Ltd. delivered strong financial results, supported by increased vessel utilization and capital raised through equity offerings.
Revenue increased to $2.01M from $1.54M in Q2 2024.
Net income more than doubled YoY to $0.52M.
EPS reached $0.15 with strong cash position of $39.4M.
Daily TCE Rate slightly declined to $20,054 but utilization remained 100%.
Robin is positioned for expansion with new LPG acquisitions, significant cash reserves, and strategic moves such as Bitcoin treasury allocation.