GLOBUS MARITIME (GLBS) Company Report

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Research analysts covering GLOBUS MARITIME.

Recent press releases and 8-K filings for GLBS.

Globus Maritime Limited Reports Q3 and Nine-Month 2025 Financial Results

GLBS

Earnings

Debt Issuance

New Projects/Investments

Globus Maritime Limited reported Q3 2025 revenue of $12.6 million and a net income of $0.7 million ($0.04 basic income per share), a significant improvement from a net loss in the prior year period. For the nine-month period ended September 30, 2025, revenue was $30.8 million, with a net loss of $2.6 million ($0.13 basic loss per share).
The company's Adjusted EBITDA for Q3 2025 was $5.5 million, and for the nine-month period, it was $10.7 million.
The daily Time Charter Equivalent (TCE) rate increased to $14,702 per day in Q3 2025, up from $13,867 per day in Q3 2024.
GLBS secured financing for two newbuilding vessels scheduled for delivery in the second half of 2026, including a $25 million loan facility and a $28 million sale and bareboat back agreement. Additionally, an existing CIT loan facility was amended to reduce the margin and extend maturity.
As of November 28, 2025, Globus Maritime operates a fleet of nine dry bulk carriers, and management is optimistic about the outlook for the midsize bulker segment.

Nov 28, 2025, 10:00 PM

Globus Maritime Announces Annual Meeting Results

GLBS

Board Change

Auditor Change

Delisting/Listing Issues

Shareholders approved the election of Mr. Georgios "George" Feidakis as a Class III director, to serve until the 2028 Annual Meeting of Shareholders.
The appointment of Ernst & Young (Hellas) Certified Auditors Accountants S.A. as the Company’s independent auditors for the fiscal year ending December 31, 2025, was approved.
The company received approval for amendments to its Articles of Incorporation to effect one or more reverse stock splits of common stock and Series B preferred shares by an aggregate ratio of not more than one-for-20, with the exact ratio to be determined by the Board of Directors.

Sep 25, 2025, 8:10 PM

Globus Maritime Limited Reports Q2 and H1 2025 Financial Results

GLBS

Earnings

Demand Weakening

New Projects/Investments

Globus Maritime Limited reported a net loss of $1.9 million for Q2 2025, compared to a net income of $3.3 million in Q2 2024, and a net loss of $3.4 million for H1 2025, down from a net income of $3.0 million in H1 2024.
Despite a 5% increase in H1 2025 revenue to $18.2 million (Q2 2025 revenue was stable at $9.5 million), daily Time Charter Equivalent (TCE) rates decreased by 22% to $11,444 in Q2 2025 and to $10,274 in H1 2025 due to unfavorable market conditions.
The company continues its fleet renewal strategy, having sold the 2007-built River Globe for $8.55 million in March 2025 and expecting delivery of two additional fuel-efficient Ultramaxes in about a year.
As of September 19, 2025, Globus operates nine dry bulk carriers with a weighted average age of 7.8 years, with all vessels deployed in the short-term time charter market.