- 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.  **[1499780_0001104659-25-091653_exhibit991.htm:1]** **[1499780_0001104659-25-091653_exhibit991.htm:3]** **[1499780_0001104659-25-091653_glbs-2025630.htm:5]** 
- 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.  **[1499780_0001104659-25-091653_exhibit991.htm:0]** **[1499780_0001104659-25-091653_exhibit991.htm:1]** **[1499780_0001104659-25-091653_exhibit991.htm:2]** **[1499780_0001104659-25-091653_exhibit991.htm:3]** **[1499780_0001104659-25-091653_glbs-2025630.htm:5]** **[1499780_0001104659-25-091653_glbs-2025630.htm:6]** 
- 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.  **[1499780_0001104659-25-091653_exhibit991.htm:1]** **[1499780_0001104659-25-091653_glbs-2025630.htm:7]** 
- 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.  **[1499780_0001104659-25-091653_exhibit991.htm:0]**

GLOBUS MARITIME (GLBS)