Company Reports Q3 Revenue of $12.6M, Significant Market Recovery Observed
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 01 2025
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- Revenue Growth: The company reported Q3 revenue of $12.6 million, a 41.5% increase from last year's $8.95 million, indicating strong market demand recovery and effective business execution.
- Market Recovery: During Q3 2025, the company observed a gradual improvement in vessel market rates, with the quarter ending at significantly higher levels than it began, demonstrating the success of its nimble chartering strategy in capturing upward market momentum.
- Future Outlook: As the company enters Q4 2025, mid-size bulk carrier rates are currently ranging from $15,000 to $18,000 per day, positioning its modern fleet to benefit from short-term and index-linked chartering arrangements that provide direct exposure to improving market fundamentals.
- Stable Asset Values: Asset values remain elevated with strong sale-and-purchase activity across the market, reflecting overall industry health and increased investor confidence.
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Analyst Views on GLBS
Wall Street analysts forecast GLBS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GLBS is 3.00 USD with a low forecast of 3.00 USD and a high forecast of 3.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 1.590
Low
3.00
Averages
3.00
High
3.00
Current: 1.590
Low
3.00
Averages
3.00
High
3.00
About GLBS
Globus Maritime Limited is a Greece-based dry bulk shipping company engaged in providing marine transportation services on a worldwide basis. The Company owns and manages a fleet of 9 modern dry bulk vessels, including one Panamax, 4 Kamsarmax, and 4 Supramax with a total carrying capacity of 626,257 deadweight tonnage (dwt) and a weighted average age of approximately 10.6 years. The Company's fleet transports iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes worldwide. The Company's operations are managed by its wholly-owned subsidiary, Globus Shipmanagement Corp.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Stocks to Keep an Eye on This Monday: MongoDB, Vestis, and Three Others
U.S. Stock Futures: U.S. stock futures are trading lower, with several companies expected to report earnings today, including MongoDB Inc. and Vestis Corp.
Earnings Expectations: MongoDB is anticipated to report earnings of 80 cents per share on revenue of $591.52 million, while Vestis Corp. is expected to post earnings of 6 cents per share on revenue of $678.30 million.
Globus Maritime Performance: Globus Maritime Ltd. exceeded expectations by posting earnings of 4 cents per share and quarterly sales of $12.596 million, leading to a 2.3% increase in share price.
Other Earnings Reports: Hafnia Ltd. and Credo Technology Group are also set to report earnings, with projections of 18 cents and 49 cents per share, respectively, after the market closes.
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Globus Maritime Reports $12.6M Revenue and $0.7M Net Income in Q3 2025
- Revenue Growth: In Q3 2025, Globus reported revenue of $12.6 million, a 41% increase from the same period in 2024, primarily driven by an increase in the number of vessels operated, indicating a recovery in market demand.
- Net Income Turnaround: The company achieved a net income of $0.7 million in Q3, a significant improvement from a loss of $0.55 million in the same quarter last year, reflecting effective utilization of its modern fleet amid market recovery.
- Adjusted EBITDA Performance: The adjusted EBITDA for Q3 stood at $5.5 million, showcasing improvements in cost control and operational efficiency, which strengthens the foundation for future profitability.
- Financing Arrangements: The company has secured a $25 million loan facility for two new Ultramax vessels scheduled for delivery in the second half of 2026, further enhancing operational flexibility and competitive positioning in the market.
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