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Jun 30, 2025
Globus Q2 2025 Earnings Report
Globus Maritime reported a net loss as revenues held steady while market rates remained volatile in Q2 2025.
Key Takeaways
Globus Maritime posted a net loss of $1.9M in Q2 2025 as revenues remained flat compared to last year. While time charter rates declined due to market softness, the company noted a recovery trend by quarter-end, positioning its modern fleet for near-term upside.
Forward Guidance
Globus anticipates continued improvement in market conditions and freight rates, supported by healthy demand and a modern fleet positioned for upside in the spot market.
Positive Outlook
- Gradual recovery in freight rates toward end of Q2
- Strong current freight levels as of report date
- Fleet mostly exposed to spot market or index-linked charters
- Healthy cargo flows and supportive ton-mile dynamics
- Modest newbuilding orderbook enhances market balance
Challenges Ahead
- Q2 experienced significant freight rate and asset price volatility
- Regulatory and geopolitical events impacted market sentiment
- Weaker time charter rates compared to prior year
- Net loss driven by higher operating costs and depreciation
Historical Earnings Impact
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Avg. Return Before/After Earnings
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