Globus Maritime ( (GLBS) ) has released its Q3 earnings. Here is a breakdown of the information Globus Maritime presented to its investors.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Globus Maritime Limited is a dry bulk shipping company that operates a fleet of nine vessels, providing marine transportation services for various dry bulk cargoes worldwide. The company is headquartered in Glyfada, Greece, and is listed on NASDAQ under the ticker GLBS.
In its latest earnings report, Globus Maritime reported a revenue of $12.6 million for the third quarter of 2025, marking a 41% increase compared to the same period in 2024. However, the company faced a net loss of $2.6 million over the first nine months of 2025, contrasting with a net income of $2.4 million in the same period last year.
Key financial highlights include an adjusted EBITDA of $5.5 million in Q3 2025 and $10.7 million for the nine-month period. The company also reported a Time Charter Equivalent rate of $14,702 per day for Q3 2025. Strategically, Globus has secured financing for two new vessels scheduled for delivery in 2026 and reached an agreement to amend an existing credit facility, reducing the margin and extending its maturity.
Looking ahead, Globus Maritime is optimistic about the market conditions, particularly for midsize bulk carriers. The company plans to leverage its modern fleet and short-term chartering strategy to capitalize on improving market fundamentals, aiming to generate sustainable cash flows and deliver returns to shareholders.