Globus Maritime Limited Reported Financial Results for the Third Quarter and Nine-Month Period Ended September 30, 2025

Globus Maritime Limited (NASDAQ: GLBS), a dry bulk shipping company, reported its unaudited consolidated financial results for the third quarter and nine-month period ended September 30, 2025.

• Revenue o $12.6 million in Q3 2025 o $30.8 million in 9M 2025

• Net income / (loss) o $0.7 million net income in Q3 2025 o $2.6 million net loss in 9M 2025

• Adjusted EBITDA o $5.5 million in Q3 2025 o $10.7 million in 9M 2025

• Time Charter Equivalent o $14,702 per day in Q3 2025 o $11,705 per day in 9M 2025

• We reached an agreement with one of our existing Lenders to reduce the margin and extend the maturity of the existing Facility.

• We have secured Financing arrangements for the two new building vessels which are scheduled for delivery in the second half of 2026. Current Fleet Profile As of the date of this press release, Globus’ subsidiaries own and operate nine dry bulk carriers, consisting of six Kamsarmax and three Ultramax.

Management Commentary

“During the third quarter of 2025, we experienced a gradual but meaningful improvement in market rates for the vessel segments in which we operate. The quarter ended at significantly higher levels than it began with, our nimble chartering strategy allowed us to effectively capture the upward momentum. This positive trend continued into the fourth quarter of 2025, with rates for midsize bulk carriers currently ranging around $15,000 and $18,000 per day. Our modern fleet is well positioned to benefit from these conditions through short-term and index-linked chartering arrangements that provide direct exposure to improving market fundamentals. Asset values remain elevated, and sale-and-purchase activity has been strong across the market.

“Operationally, we completed the dry-docking of one vessel during the quarter, which temporarily affected utilization. Although the work experienced a minor delay due to unforeseen circumstances, the final outcome met our expectations and costs remained within acceptable levels.

“Construction of our two Ultramax newbuildings in Japan, scheduled for delivery in 2026, is progressing according to plan. These fuel-efficient vessels will enhance our operational flexibility and are well received by charterers.

“We also secured financing for both newbuildings from Japanese institutions on what we consider attractive terms. In parallel, we amended one of our existing credit facilities, achieving a reduced margin and an extended maturity, with a long-standing financial partner.

“Looking ahead, market conditions remain constructive. We see encouraging signs across several dry bulk trade routes and are optimistic about the outlook for the midsize bulker segment. We look forward to operating our fully delivered fleet, generating sustainable cash flows, and delivering meaningful returns to shareholders.”

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