Costamare Bulkers reported an adjusted net loss of $1.7 million for the fourth quarter and year ended December 31, 2025, during its second full quarter as an independent, publicly traded company. Despite the loss, attributed to legacy positions and a cooperation agreement with Cargill, the company maintains solid fundamentals with $226 million in cash, a net debt negative position, and a fleet of 31 dry bulk vessels. Costamare Bulkers is also implementing a fleet renewal strategy, including selling older vessels and acquiring a newer one, amid favorable market conditions for various vessel sizes.
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Costamere Bulkers Reports Loss, But Solid Fundamentals
Costamare Bulkers reported an adjusted net loss of $1.7 million for the fourth quarter and year ended December 31, 2025, during its second full quarter as an independent, publicly traded company. Despite the loss, attributed to legacy positions and a cooperation agreement with Cargill, the company maintains solid fundamentals with $226 million in cash, a net debt negative position, and a fleet of 31 dry bulk vessels. Costamare Bulkers is also implementing a fleet renewal strategy, including selling older vessels and acquiring a newer one, amid favorable market conditions for various vessel sizes.