Overview

* Globus Maritime Ltd Q2 2025 revenue rises slightly

* The Greece-based drybulk shipping company reports Q2 net loss of $1.9 mln, down from $3.3 mln profit last year

* Adjusted EBITDA for Q2 at $3.3 mln

Outlook

* Company expects delivery of two new Ultramax vessels in about a year

* Globus sees favorable market dynamics with healthy cargo flows

* Company plans to secure competitive financing for fleet and newbuildings

Result Drivers

* TCE RATE DECLINE - Company attributes 22% drop in Q2 TCE rates to unfavorable market conditions in dry bulk shipping sector

* FLEET EXPANSION - Revenue increase driven by higher average number of vessels operated compared to previous year

* MARKET VOLATILITY - Regulatory and geopolitical developments caused volatility in freight rates and asset pricing, impacting market confidence

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $9.54 $8.80

Revenue mln mln (1

Analyst)

Q2 Net -$1.87

Income mln

Q2 Beat $3.25 $1.60

Adjusted mln mln (1

EBITDA Analyst)

Analyst Coverage

* The one available analyst rating on the shares is "buy"

* The average consensus recommendation for the marine freight & logistics peer group is "buy"

* Wall Street's median 12-month price target for Globus Maritime Ltd ( GLBS ) is $3.00, about 62.2% above its September 18 closing price of $1.13

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)