Globus Maritime Reports $12.6M Revenue and $0.7M Net Income in Q3 2025
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 28 2025
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Source: Newsfilter
- Revenue Growth: In Q3 2025, Globus reported revenue of $12.6 million, a 41% increase from the same period in 2024, primarily driven by a higher average number of vessels operated, indicating a recovery in market demand.
- Net Profit Turnaround: The company achieved a net income of $0.7 million in Q3, compared to a net loss of $0.55 million in Q3 2024, reflecting improved profitability amid market recovery.
- Adjusted EBITDA Performance: Adjusted EBITDA for Q3 reached $5.5 million, significantly up from $2.9 million in the previous year, demonstrating enhancements in cost control and operational efficiency.
- Financing Arrangements: The company secured a $25 million loan facility for two new Ultramax vessels scheduled for delivery in the second half of 2026, enhancing future operational flexibility and market competitiveness.
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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.
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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.
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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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