Quarterly ResultAug 7, 2026, 04:07 PM
Globus Maritime Q2 Net Income $4.0M, EPS $0.19
AI Summary
Globus Maritime Limited reported strong unaudited consolidated financial results for Q2 and H1 2026, transitioning from net losses to significant net income. The company achieved $4.0 million in net income and $0.19 basic EPS for Q2 2026, driven by increased revenue and a 72% rise in daily Time Charter Equivalent rates. Management highlighted constructive market conditions, disciplined commercial approach, and the nearing completion of their Japanese newbuilding program, while acknowledging geopolitical disruptions have not significantly impacted operations to date.
Key Highlights
- Q2 2026 Net income was $4.0 million, up from a $1.9 million loss in Q2 2025.
- Q2 2026 Basic EPS was $0.19, compared to a loss of $0.09 in Q2 2025.
- Q2 2026 Revenue increased to $14.6 million from $9.5 million in Q2 2025.
- Q2 2026 Adjusted EBITDA rose to $9.1 million from $3.2 million in Q2 2025.
- Daily Time Charter Equivalent (TCE) rate increased 72% to $19,686 per day in Q2 2026.
- H1 2026 Net income was $5.1 million, up from a $3.35 million loss in H1 2025.
- Fleet consists of nine dry bulk carriers with a weighted average age of 8.7 years.
- Cash and cash equivalents were $31.771 million as of June 30, 2026.
Price Impact
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