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GLBS

Globus Maritime Limited

GLBS

Globus Maritime Limited • NASDAQ
$1.36 ▲ 1.49% (+0.02)
Market Cap $27.99 M
52w High $1.63
52w Low $0.99
Dividend Yield 0%
P/E -4.86
Volume 321.02K
Outstanding Shares 20.58M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2025 $9.538M ▲ $3.655M ▲ $-1.868M ▼ -19.585% ▼ $-0.091 ▼ $2M ▼
Q1-2025 $8.619M ▼ $1.382M ▲ $-1.482M ▲ -17.195% ▲ $-0.072 ▲ $4.085M ▲
Q4-2024 $8.691M ▼ $-1.416M ▼ $-1.999M ▼ -23.001% ▼ $-0.097 ▼ $3.054M ▼
Q3-2024 $8.95M ▼ $2.107M ▲ $-550K ▼ -6.145% ▼ $-0.027 ▼ $3.357M ▼
Q2-2024 $9.516M $297K $3.279M 34.458% $0.16 $6.737M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2025 $48.327M ▼ $309.363M ▼ $136.312M ▼ $173.051M ▼
Q1-2025 $51.09M ▲ $315.99M ▼ $141.071M ▼ $174.919M ▼
Q4-2024 $46.837M ▼ $320.986M ▲ $144.585M ▲ $176.401M ▼
Q3-2024 $59.704M ▼ $280.082M ▲ $101.682M ▲ $178.4M ▼
Q2-2024 $71.465M $256.315M $77.365M $178.95M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2025 $-1.868M ▼ $264K ▼ $546K ▼ $-3.573M ▲ $-2.763M ▼ $257K ▼
Q1-2025 $-1.482M ▲ $905K ▲ $8.706M ▲ $-5.358M ▼ $4.253M ▲ $897K ▲
Q4-2024 $-1.999M ▼ $533K ▼ $-34.519M ▲ $21.119M ▲ $-12.867M ▼ $-34.6M ▲
Q3-2024 $-550K ▼ $3.025M ▼ $-35.158M ▼ $21.072M ▲ $-11.061M ▼ $-44.429M ▼
Q2-2024 $3.279M $6.234M $-10.121M $17.964M $14.077M $-4.53M

Five-Year Company Overview

Income Statement

Income Statement Earnings have swung quite a bit over the past few years, which is typical for a small dry‑bulk shipper. The company moved from losses during the weaker shipping market into healthy profits when freight rates were strong, then settled into more modest profitability recently. Revenue has been relatively steady in the last couple of years, but profit margins are thinner than at the recent peak, suggesting less favorable market conditions and possibly higher operating costs. Overall, the income statement shows a business that can be profitable, but whose results are very sensitive to freight rates and market cycles.

Balance Sheet

Balance Sheet The balance sheet reflects a company that has been building up its fleet and asset base over time. Total assets and shareholder equity have grown meaningfully compared with a few years ago, indicating reinvestment and balance‑sheet strengthening after the downturn. Debt levels, however, have also risen more recently, suggesting increased use of borrowing to fund vessel purchases or upgrades. Cash on hand looks reasonable for a company of this size but not excessive, so there is some financial flexibility but not a large safety buffer. The overall picture is a more substantial company than a few years ago, but with higher leverage that will need to be managed carefully if the market softens.

Cash Flow

Cash Flow Operating cash flow has generally been positive in most recent years, showing that the core business can generate cash from day‑to‑day shipping activities when markets are not at their worst. However, free cash flow has often been negative because of significant spending on vessels and related investments. In other words, the company is putting a lot of cash back into the fleet, which can support growth and modernization but also creates ongoing funding needs. This investment‑heavy pattern works well in strong or stable markets, but it makes the company more exposed if freight rates decline and operating cash flow weakens.

Competitive Edge

Competitive Edge Globus is a small player in a very crowded and cyclical industry, competing against many other dry‑bulk operators with similar services. Its main competitive levers are a more modern, fuel‑efficient fleet, tight cost control, and management experience in timing charters and vessel purchases. These strengths can help it secure employment for its ships and keep operating costs in check, but they do not create a powerful, unique moat. The company’s fortunes remain closely tied to global trade flows and dry‑bulk freight rates, and its smaller size can be both a weakness (less scale) and a strength (more agility) compared with larger peers.

Innovation and R&D

Innovation and R&D The company is not a technology pioneer, but it is actively modernizing its fleet and adopting industry‑standard efficiency improvements. Its focus is on newer “eco” vessels that burn less fuel and emit less pollution, which can appeal to charterers who care about costs and environmental performance. A recent trial using biofuel blends shows a willingness to experiment with alternative fuels, though this is still early‑stage and not unique to Globus. The firm appears to be following rather than leading on digital tools and data analytics, but it is aligned with broader industry trends toward cleaner and more efficient operations, rather than building proprietary research or breakthrough technologies.

Summary

Globus Maritime today looks like a small, cyclical shipping business that has rebuilt from a past downturn, modernized its fleet, and returned to profitability, but with earnings that still move sharply with the freight market. The balance sheet is stronger than a few years ago, with more assets and equity, but also higher debt tied to fleet investments. Cash generation from operations is generally positive, yet heavy spending on vessels keeps free cash flow under pressure and requires ongoing access to capital. Competitively, the company leans on efficiency, a younger fleet, and management know‑how in a market where no one has an easy moat. The main things to watch are freight rate trends, how well the company keeps its ships employed, its discipline in taking on new debt or investments, and its progress in adapting to tightening environmental rules and evolving fuel technologies.

NEWS

November 28, 2025 · 2:00 PM UTC

Globus Maritime Limited Reports Financial Results for the Third Quarter and Nine-Month Period Ended September 30, 2025

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November 26, 2025 · 9:00 AM UTC

Globus Maritime Sets Date for the Release of Third Quarter and Nine Months 2025 Results

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September 25, 2025 · 4:05 PM UTC

Globus Maritime Announces Results of Annual Meeting of Shareholders

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September 19, 2025 · 4:05 PM UTC

Globus Maritime Limited Reports Financial Results for the Second Quarter and Six-month period ended June 30, 2025

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September 17, 2025 · 4:05 PM UTC

Globus Maritime Sets Date for the Release of Second Quarter and First Half 2025 Results

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