Costamare ( (CMRE) ) has released its Q2 earnings. Here is a breakdown of the information Costamare presented to its investors.
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Costamare Inc. is a leading global owner and provider of containerships for charter, operating within the international shipping industry with a fleet of 68 containerships and a growing lease financing business. In its latest earnings report for the second quarter and six-month period ending June 30, 2025, Costamare Inc. highlighted a net income of $99.6 million from continuing operations and liquidity of $524.5 million. The company also completed a significant spin-off of its dry bulk business, Costamare Bulkers Holdings Limited, earlier in May 2025. Key financial metrics included a net income of $218 million for the six-month period, with adjusted earnings per share remaining stable at $1.61. The company announced the conclusion of new shipbuilding contracts for four containerships, expected to be delivered between 2027 and 2027, which will commence long-term charters upon delivery. Additionally, Costamare secured new debt financing commitments and maintained a strong leasing platform with investments exceeding $650 million. Looking ahead, Costamare’s management remains optimistic about the company’s financial health and market positioning, with a fully employed containership fleet and robust charter rates supporting future revenue streams.