Costamare Bulkers Holdings reports Q3 net income of $7.4 million
Costamare Bulkers Holdings Ltd. reported net income of $7.4 million ($0.30 per share) for the third quarter of 2025, with adjusted net income of $5.4 million ($0.22 per share). As of the end of the quarter, the company had liquidity of $290.5 million, cash of $205.8 million, and debt of $159.3 million, resulting in a negative net debt position. The company owns a fleet of 31 dry bulk vessels with an average age of approximately 13 years and an average size of about 91,700 DWT. During the period, Costamare Bulkers entered a Strategic Cooperation Agreement with Cargill, transferring the majority of its trading book, forward cargo book, FFA positions, and most chartered-in vessels to Cargill. There are no significant loan maturities until 2029.
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