Globus Maritime Reports Q3 & 9‑Month 2025 Results; Q3 Profit, 9‑Month Loss

Globus Maritime Limited (“Globus”) has released its unaudited financial results for the third quarter and nine‑month period ended September 30, 2025. For Q3, revenue rose to US$12.6 million (up from US$8.95 million a year earlier), with a net income of US$0.7 million (EPS of US$0.04), and an adjusted EBITDA of US$5.5 million. The daily Time Charter Equivalent (TCE) rate was US$14,702/day. However, for the first nine months of 2025, Globus registered a net loss of US$2.6 million (EPS of –US$0.13), despite a revenue increase to US$30.8 million (from US$26.2 million a year ago) and adjusted EBITDA of US$10.7 million. The nine‑month average TCE dropped to US$11,705/day (from US$13,450/day in 2024), reflecting weaker bulk‑shipping market conditions during the first half of the year. On the operational side, Globus currently runs a fleet of nine modern dry‑bulk carriers (six Kamsarmax and three Ultramax) with a total carrying capacity of 680,622 DWT and a weighted average fleet age of eight years as of November 28, 2025. Strategically, the company secured financing for two newbuilding vessels scheduled for delivery in the second half of 2026, and also amended an existing loan facility — reducing the margin and extending its maturity. These moves are designed to strengthen Globus’s financial flexibility and support future fleet expansion. Looking ahead, management noted that market rates for midsize bulk carriers have improved gradually through Q3 and into early Q4, with current charter rates for their vessels ranging roughly between US$15,000 and US$18,000/day. With a modern, fuel‑efficient fleet and flexible chartering strategy, Globus feels well‑positioned to capitalize on improving market fundamentals. #GlobusMaritime #DryBulkShipping #Q32025Earnings #ShippingIndustry #SlimScan #GrowthStocks #CANSLIM