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Globus Maritime (GLBS) investor relations material
Globus Maritime Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Revenue rose 41% year-over-year in Q3 2025 to $12.6 million, driven by a larger fleet and higher TCE rates.
Net income for Q3 2025 was $0.7 million, reversing a loss in the same quarter last year; however, a net loss of $2.6 million was recorded for the nine-month period.
Adjusted EBITDA reached $5.5 million in Q3 2025 and $10.7 million for the nine months.
All vessels are deployed on short-term charters, capturing improved market rates.
Financial highlights
Q3 2025 revenue: $12.6 million (up from $8.95 million in Q3 2024); 9M 2025 revenue: $30.8 million (up from $26.2 million in 9M 2024).
Q3 2025 net income: $0.7 million vs. Q3 2024 net loss of $0.55 million; 9M 2025 net loss: $2.6 million vs. 9M 2024 net income of $2.4 million.
Adjusted EBITDA: $5.5 million in Q3 2025, $10.7 million in 9M 2025.
Basic EPS: $0.04 in Q3 2025, $(0.13) in 9M 2025.
Net cash from operating activities: $3.6 million in Q3 2025, $10.8 million in 9M 2025.
Outlook and guidance
Management expects continued constructive market conditions and is optimistic about the midsize bulker segment.
Charter rates for midsize bulk carriers in Q4 2025 are ranging between $15,000 and $18,000 per day.
Two new Ultramax vessels under construction, scheduled for delivery in the second half of 2026, are expected to enhance operational flexibility.
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