Robin Energy Ltd. Reports Net Income of $5.6 Million for the Three Months Ended June 30, 2026, and $6.1 Million for the Six Months Ended June 30, 2026

LIMASSOL, Cyprus, Sept. 23, 2026 (GLOBE NEWSWIRE) -- Robin Energy Ltd. (NASDAQ: RBNE), (“Robin”, or the “Company”), an international ship-owning company providing energy transportation services globally, today announced its results for the three months and the six months ended June 30, 2026.

Highlights of the Second Quarter Ended June 30, 2026: * Total vessel revenues: $2.6 million, as compared to $2.0 million for the three months ended June 30, 2025, or a 29.2% increase; * Net income: $5.6 million, as compared to $0.5 million for the three months ended June 30, 2025, or a 980.7% increase; * Operating income: $5.8 million, as compared to $0.3 million for the three months ended June 30, 2025, or a 1,571% increase; * Earnings per common share, basic: $11.01 per share, as compared to $10.88 per share for the three months ended June 30, 2025; * Adjusted net income((1)): $6.0 million, as compared to $0.5 million for the three months ended June 30, 2025; * EBITDA((1)): $6.0 million, as compared to $0.7 million for the three months ended June 30, 2025; * Adjusted EBITDA((1)): $6.4 million, as compared to $0.7 million for the three months ended June 30, 2025; * Cash of $35.7 million as of June 30, 2026, as compared to $5.6 million as of December 31, 2025; * During the three months ended June 30, 2026, we received gross proceeds of $2.2 million by issuing 0.1 million common shares through an at-the-market (“ATM”) offering agreement entered into on November 13, 2025, with Maxim Group LLC and Rodman & Renshaw LLC, pursuant to which we offered and sold common shares through the sales agents at our discretion. As of September 23, 2026, there were no further transactions; * On March 24, 2026, we commenced a tender offer to purchase up to 66,667 common shares (1,000,000 common shares pre-reverse stock split as described below) at $3.00 per share (pre-reverse stock split as described below), which expired on April 23, 2026. The offer was oversubscribed and the Company accepted 66,667 shares for an aggregate cost of $3.0 million excluding fees relating to the offer; and * On April 22, 2026, we entered into an agreement with an unaffiliated third party for the sale of the M/T Wonder Mimosa, a 2006-built Handysize product tanker, for a price of $12.8 million. The vessel was delivered to its new owners on April 29, 2026, and we recorded during the second quarter of 2026 a net gain of $6.2 million from the sale of the M/T Wonder Mimosa. Highlights of the Six Months Ended June 30, 2026: * Total vessel revenues: $8.0 million, as compared to $3.6 million for the six months ended June 30, 2025, or a 121.5% increase; * Net income: $6.1 million, as compared to $0.4 million for the six months ended June 30, 2025, or a 1,306% increase; * Earnings per common share, basic: $14.07 per share, as compared to $9.42 per share for the six months ended June 30, 2025; * Adjusted net income((1)): $7.4 million, as compared to $0.4 million for the six months ended June 30, 2025; * EBITDA((1)): $7.3 million, as compared to $1.0 million for the six months ended June 30, 2025; * Adjusted EBITDA((1)): $8.6 million, as compared to $1.0 million for the six months ended June 30, 2025; and * During the six months ended June 30, 2026, we received gross proceeds of $17.1 million by issuing 0.4 million common shares through the ATM offering agreement entered into on November 13, 2025, with Maxim Group LLC and Rodman & Renshaw LLC, pursuant to which we offered and sold common shares through the sales agents at our discretion. ((1) Adjusted net income, EBITDA and Adjusted EBITDA are not recognized measures under United States generally accepted accounting principles (“U.S. GAAP”). Please refer to Appendix B for the definitions and reconciliation of these measures to Net income/(Loss), the most directly comparable financial measure calculated and presented in accordance with U.S. GAAP.)