Costamare Inc. Reports Stable EPS of $0.79 Despite Slight Decline in Net Income for Q1 2025

Reuters
05-13
<a href="https://laohu8.com/S/CMRE">Costamare</a> Inc. Reports Stable EPS of $0.79 Despite Slight Decline in Net Income for Q1 2025

Costamare Inc. has released its unaudited financial results for the three-month period ended March 31, 2025. The company reported a net income of $100.843 million, a slight decrease from the $102.672 million achieved in the same period in 2024. The net income attributable to Costamare Inc. was $101.861 million, compared to $100.128 million in the previous year. The earnings per common share, both basic and diluted, remained steady at $0.79 for both the 2024 and 2025 periods. The weighted average number of shares, basic and diluted, decreased from 119,960,329 in 2024 to 118,628,891 in 2025. In terms of other comprehensive income, the company reported an unrealized loss on cash flow hedges amounting to $7.443 million in 2025, compared to a gain of $4.388 million in 2024. Additionally, Costamare Inc. experienced a loss on a vessel held for sale of $4.669 million in 2025, while there was no such loss reported in 2024. Operating income rose from $103.397 million in 2024 to $107.670 million in 2025. Interest income decreased from $8.313 million in 2024 to $6.481 million in 2025, while interest and finance costs were reduced from $32.950 million to $28.432 million over the same period. The total other expenses, net, increased from $0.725 million in 2024 to $6.827 million in 2025. The company continues to navigate the challenges and opportunities evident in its financial performance during the first quarter of 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Costamare Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001171843-25-003110), on May 13, 2025, and is solely responsible for the information contained therein.

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