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Costamare Bulkers Holdings Limited Reports Q3 2025 Balance Sheet Post Spin-Off
CMDB
Accounting Changes
New Projects/Investments
- Total assets for Costamare Bulkers Holdings Limited were $1,066,562 thousand as of September 30, 2025.
- The company's total stockholders' equity stood at $682,906 thousand as of September 30, 2025.
- This significant increase in financial figures compared to December 31, 2024, reflects the spin-off from Costamare Inc. on May 6, 2025, which involved the transfer of dry bulk business assets and a cash contribution.
- As of September 30, 2025, current assets totaled $314,350 thousand and current liabilities were $229,816 thousand.
Dec 2, 2025, 11:01 AM
Costamare Bulkers Holdings Reports Q3 2025 Financial Results
CMDB
Earnings
New Projects/Investments
Dividends
- Costamare Bulkers Holdings Limited reported a net income of EUR 7.4 million and EUR 0.30 earnings per share for Q3 2025, its first full quarter as an independent publicly traded entity.
- The company concluded Q3 2025 with EUR 206 million in total cash and EUR 160 million in debt.
- Strategic actions included a cooperation agreement with Cargill, involving the transfer of the majority of its trading book, and a fleet modernization strategy that saw the disposal of five Handysize ships and one Supramax vessel and the acquisition of one Capesize vessel.
- Costamare Bulkers has EUR 85 million available from an existing facility for future acquisitions and faces no major debt maturities until 2029.
- The board did not consider a dividend policy or share repurchases during Q3 2025, deferring the decision to the next quarterly results.
Nov 14, 2025, 1:30 PM
Costamare Bulkers Holdings Reports Q3 2025 Financial Results
CMDB
Earnings
New Projects/Investments
Dividends
- Costamare Bulkers Holdings reported net income of $7.4 million or $0.30 per share for Q3 2025, with $206 million in total cash and $160 million in debt.
- The company initiated a strategic cooperation agreement with Cargill in September 2025, transferring the majority of its trading book, including forward cargo and FFA positions, and most chartered vessels.
- During Q3 2025, Costamare Bulkers continued its strategy of fleet renewal by disposing of five Handysize and one Supramax vessels and acquiring one Cape-sized vessel.
- The company has $85 million available for future acquisitions and faces no major debt maturities until 2029; however, the board did not consider a dividend policy or share repurchases during this quarter.
Nov 14, 2025, 1:30 PM
Costamare Bulkers Holdings Reports Q3 2025 Financial Results and Operational Realignment
CMDB
Earnings
New Projects/Investments
M&A
- Costamare Bulkers Holdings reported Net Income of $7.4 million ($0.30 per share) and Adjusted Net Income of $5.4 million ($0.22 per share) for Q3 2025.
- The company maintained a strong financial position with liquidity of $290.5 million, cash of $205.8 million, and negative net debt as of Q3 2025.
- Operationally, the company realigned its trading platform, transferring 19 chartered-in vessels to Cargill, and achieved an owned dry bulk fleet utilization rate of 98.4% for Q3 2025.
- The company completed the sale of six vessels, generating $44 million in net proceeds after debt prepayment, and acquired the Capesize vessel Imperator.
Nov 14, 2025, 1:30 PM
Costamare Bulkers Holdings Reports Q3 2025 Financial Results and Strategic Updates
CMDB
Earnings
New Projects/Investments
M&A
- Costamare Bulkers Holdings reported a net income of $7.4 million and $0.30 per share for Q3 2025, with $206 million in total cash and $160 million in debt.
- The company finalized a strategic cooperation agreement with Cargill in September 2025, transferring the majority of its trading book, including forward cargo and FFA positions, with legacy positions expected to be eliminated by the end of Q1 2026.
- CMDB is actively upgrading its fleet, having disposed of five Handysize and one Supramax vessels and acquired one Cape-sized vessel in Q3 2025, with a strategic goal to migrate towards larger vessels, though future acquisitions will be cautious due to current high asset valuations.
- The company has $85 million available from an existing facility for future acquisitions and faces no major debt maturities until 2029; however, the board did not consider a dividend policy or share repurchases during Q3 2025.
Nov 14, 2025, 1:30 PM
Costamare Bulkers Holdings Reports Q3 2025 Results
CMDB
Earnings
New Projects/Investments
- Costamare Bulkers Holdings Limited reported its first full quarter as an independent, publicly traded company for the period ended September 30, 2025.
- For the third quarter of 2025, the company generated Net Income of $7.4 million ($0.30 per share) and Adjusted Net Income of $5.4 million ($0.22 per share).
- As of September 30, 2025, Costamare Bulkers had $290.5 million in liquidity, including $205.8 million in cash and $159.3 million in debt, resulting in a negative net debt position.
- The company entered into a Strategic Cooperation Agreement with Cargill International S.A., which involved the transfer of the majority of CMDB's trading book and the charter-out of four Supramax vessels. As of November 13, 2025, transfers of 19 chartered-in vessels, the entire forward cargo book, and the FFA trading book have been effected or agreed.
Nov 14, 2025, 11:12 AM
Quarterly earnings call transcripts for Costamare Bulkers Holdings.
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