Costamare Bulkers Holdings Limited most recently reported annual revenue of $597.0M, a net loss of $37.0M. Revenue grew at an average annual rate of 23.6% over the last 3 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.
Costamare Bulkers Holdings Limited: Revenue rose from $316.0M in 2022 to $597.0M in 2025, a change of +88.9% over 3 years; net profit was positive in 1 of 4 reported years; operating margin moved from 34.5% to -3.2%, a shift of -37.6 percentage points; the most recent year shows a net loss of $37.0M.
Income Statement — 4 Years (USD millions)
Metric
2022
2023
2024
2025
Revenue
$316.0M
$663.0M
$1.2B
$597.0M
Operating Expenses
$207.0M
$800.0M
$1.2B
$616.0M
Operating Profit
$109.0M
$-137.0M
$-34.0M
$-19.0M
Operating Margin
34.5%
-20.6%
-2.8%
-3.2%
Other Income
$-19.0M
$-11.0M
$-65.0M
$-19.0M
Interest
$20.0M
$28.0M
$27.0M
$9.0M
Depreciation
$40.0M
$40.0M
$37.0M
$28.0M
Profit Before Tax
$90.0M
$-148.0M
$-98.0M
$-37.0M
Tax
$0
$0
$0
$0
Net Profit
$90.0M
$-148.0M
$-98.0M
$-37.0M
EPS
$3.74
$-6.09
$-4.05
$-1.54
Dividend Payout
0.0%
0.0%
0.0%
0.0%
Quarterly Results — Last 8 Quarters (USD millions)
Metric
Mar '24
Jun '24
Mar '25
Jun '25
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
$276.0M
$276.0M
$78.0M
$78.0M
$223.0M
$218.0M
$130.0M
$130.0M
Operating Expenses
$282.0M
$282.0M
$87.0M
$87.0M
$232.0M
$221.0M
$123.0M
$121.0M
Operating Profit
$-6.0M
$-6.0M
$-9.0M
$-9.0M
$-9.0M
$-3.0M
$7.0M
$8.0M
Operating Margin
-2.2%
-2.2%
-11.9%
-11.9%
-4.2%
-1.2%
5.5%
6.4%
Interest
$6.0M
$6.0M
$0
$4.0M
$3.0M
$3.0M
$3.0M
$2.0M
Profit Before Tax
$1.0M
$1.0M
$-13.0M
$-13.0M
$7.0M
$-18.0M
$12.0M
$6.0M
Tax
$0
$0
$0
$0
$0
$0
$0
$0
Net Profit
$1.0M
$1.0M
$-13.0M
$-13.0M
$7.0M
$-18.0M
$12.0M
$6.0M
EPS
$0.05
$0.05
$-0.52
$-0.55
$0.30
$-0.88
$0.48
$0.25
Over the 4 years reported for Costamare Bulkers Holdings Limited, borrowings decreased from $386.0M in 2022 to $229.0M in 2025, cash stood at $249.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 2.38 times.
Balance Sheet — 4 Years (USD millions)
Metric
2022
2023
2024
2025
Total Assets
$872.0M
$1.2B
$1.2B
$1.1B
Current Assets
$151.0M
$252.0M
$240.0M
$345.0M
Cash
$104.0M
$34.0M
$50.0M
$249.0M
Inventory
$10.0M
$48.0M
$45.0M
$17.0M
Receivables
$25.0M
$47.0M
$50.0M
$37.0M
Fixed Assets
$685.0M
$899.0M
$970.0M
$713.0M
Capital Work in Progress
$0
$0
$0
$0
Investments
$0
$0
$0
$12.0M
Other Assets
$0
$0
$0
$0
Total Liabilities
$426.0M
$712.0M
$819.0M
$310.0M
Current Liabilities
$94.0M
$311.0M
$421.0M
$145.0M
Borrowings
$386.0M
$622.0M
$714.0M
$229.0M
Other Liabilities
$40.0M
$90.0M
$105.0M
$81.0M
Equity
$0
$0
$0
$0
Reserves
$446.0M
$475.0M
$422.0M
$782.0M
For Costamare Bulkers Holdings Limited, operating cash flow was positive in 2 of 4 reported years; free cash flow in the latest year was $44.0M; free cash flow was positive in 2 of 4 years.