Globus Maritime Reports Q1 2025 Financials and Biofuel Milestone

Globus Maritime ( (GLBS) ) has issued an update.

On June 16, 2025, Globus Maritime Limited reported its financial results for the first quarter ended March 31, 2025. The company saw a 13% increase in revenue to $8.6 million compared to the same period in 2024, attributed to an increase in the average number of vessels. However, the net loss widened to $1.5 million from $0.3 million in the previous year, primarily due to a decrease in the daily Time Charter Equivalent rate. The company also completed its first test voyage using biofuel, marking a significant step towards reducing carbon emissions and preparing for future environmental regulations. This initiative aligns with Globus Maritime’s commitment to operational efficiency and innovation in the maritime sector.

The most recent analyst rating on (GLBS) stock is a Buy with a $4.00 price target. To see the full list of analyst forecasts on Globus Maritime stock, see the GLBS Stock Forecast page.

Spark’s Take on GLBS Stock

According to Spark, TipRanks’ AI Analyst, GLBS is a Neutral.

The overall stock score of 51 reflects significant challenges in financial performance and valuation. Despite revenue growth, profitability issues and high debt levels weigh heavily on the score. Technical analysis shows mixed signals, with the stock nearing resistance levels. The high P/E ratio suggests overvaluation, further limiting the stock’s attractiveness.

To see Spark’s full report on GLBS stock, click here.

More about Globus Maritime

Globus Maritime Limited is a dry bulk shipping company based in Glyfada, Greece. The company operates a fleet of nine dry bulk carriers, consisting of six Kamsarmax and three Ultramax vessels, focusing on short-term time charters.

Average Trading Volume: 27,296

Technical Sentiment Signal: Sell

Current Market Cap: $27.79M

See more data about GLBS stock on TipRanks’ Stock Analysis page.