Costamare Bulkers reported a Q4 2025 net loss of USD 18.19 million and an adjusted net loss of USD 1.74 million (USD 0.07 loss per share), on total voyage revenue of USD 218.48 million. For FY 2025, the company posted a net loss of USD 37.35 million and an adjusted net loss of USD 12.17 million (USD 0.74 loss per share), with total voyage revenue of USD 597.22 million. Liquidity was USD 311 million as of December 31, 2025, including cash of USD 226.3 million (cash and cash equivalents including restricted cash of USD 215.5 million plus USD 10.8 million of margin deposits) and USD 84.7 million of available undrawn funds from a hunting license facility. Debt stood at USD 155.6 million, resulting in a negative net debt position of USD 70.7 million. In Q4 2025, net cash provided by operating activities was USD 26.4 million, net cash provided by investing activities was USD 8.6 million, and net cash used in financing activities was USD 3.9 million. Operationally, Costamare Bulkers said it concluded the transfer of the majority of its trading book to Cargill following the Strategic Cooperation Agreement announced on September 29, 2025, noting Q4 results were affected by legacy positions and the gradual transfer of positions to Cargill during the quarter. The company’s owned fleet totals 31 dry bulk vessels (about 2.8 million DWT) as of February 19, 2026, and it reported owned fleet utilization of 97.5% in Q4 2025. The company agreed to sell the 2011-built Capesize Miracle (expected to conclude in Q1–Q2 2026) and sold the 2008-built Supramax Clara, and it agreed to acquire the 2018-built Koushun (to be renamed Astros), with the acquisition expected to conclude in Q1–Q2 2026. CEO Gregory Zikos said the operating platform is currently focused on Kamsarmax-type vessels and that the company remains in a net debt negative position.

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 Bulkers Holdings Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9658298-en) on February 20, 2026, and is solely responsible for the information contained therein.