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Dec 31, 2025
Costamare Q4 2025 Earnings Report
Costamare Inc. reported unaudited financial results for the fourth quarter and year ended December 31, 2025.
Key Takeaways
Costamare Inc. reported a net income of $72.6 million for Q4 2025, with an adjusted net income of $71.8 million. The company's liquidity stood at $589.6 million. For the full fiscal year 2025, net income was $370.989 million and adjusted net income was $375.616 million. The company also announced significant forward fixtures for its containership fleet, securing substantial contracted revenues for 2026 and 2027.
Q4 2025 Net Income from Continuing operations available to common stockholders was $72.6 million, with an EPS of $0.60.
Q4 2025 Adjusted Net Income from Continuing operations available to common stockholders was $71.8 million, with an adjusted EPS of $0.60.
The company's liquidity at the end of Q4 2025 was $589.6 million, including short-term investments in U.S. Treasury Bills.
Costamare entered into 12 new fixtures on a forward basis, adding approximately $940 million in contracted revenues and fixing 96% and 92% of the containership fleet for 2026 and 2027, respectively.
Forward Guidance
Costamare Inc. has secured significant forward charters for its containership fleet, ensuring high employment rates and substantial contracted revenues for 2026 and 2027. The company also continues to expand its leasing platform and has no significant debt maturities until 2027.
Positive Outlook
- 96% and 92% of the containership fleet fixed for 2026 and 2027, respectively, providing revenue visibility.
- Approximately $940 million in incremental contracted revenues from 12 new forward fixtures.
- Total contracted revenues for the containership fleet reached $3.4 billion with a TEU-weighted duration of 4.5 years.
- No significant debt maturities until 2027, enhancing financial stability.
- Growing leasing platform with 54 shipping assets funded or on commitment status, representing over $665 million in investments and commitments.
Challenges Ahead
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
Historical Earnings Impact
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