ΜΟΝΑΚΟ, (GLOBE NEWSWIRE) – Η Costamare Inc. («Costamare» ή η «Εταιρεία») (NYSE: CMRE) ανακοίνωσε σήμερα τα μη ελεγμένα οικονομικά αποτελέσματα για το τέταρτο τρίμηνο και το έτος που έληξε στις 31 Δεκεμβρίου 2025.
Τα οικονομικά αποτελέσματα για το έτος που έληξε στις 31 Δεκεμβρίου 2025 αντικατοπτρίζουν την απόσχιση της επιχείρησης ξηρού χύδην φορτίου της Costamare (η οποία αποτελείται από τον ιδιόκτητο στόλο ξηρού χύδην φορτίου της Costamare και την πλατφόρμα λειτουργίας ξηρού χύδην φορτίου της, Costamare Bulkers Inc. («CBI»)) σε μια ανεξάρτητη εισηγμένη εταιρεία, η οποία ολοκληρώθηκε στις 6 Μαΐου 2025. Συνεπώς, τα αποτελέσματα της επιχείρησης ξηρού χύδην φορτίου παρουσιάζονται ως διακοπείσες δραστηριότητες για όλες τις περιόδους που εμφανίζονται.
Για το έτος που έληξε στις 31 Δεκεμβρίου 2025, τα αποτελέσματα των διακοπεισών δραστηριοτήτων περιλαμβάνουν τον κλάδο ξηρού φορτίου χύδην έως τις 6 Μαΐου 2025, ημερομηνία έναρξης ισχύος της απόσχισης. Συγκριτικά, η τρίμηνη περίοδος που έληξε στις 31 Δεκεμβρίου 2024 και το έτος 2024 περιλαμβάνουν τα αποτελέσματα των διακοπεισών δραστηριοτήτων του κλάδου ξηρού φορτίου χύδην για ολόκληρες τις περιόδους, αντίστοιχα. Αυτές οι διαφορές στις περιόδους αναφοράς θα πρέπει να λαμβάνονται υπόψη κατά την αξιολόγηση των αποτελεσμάτων των διακοπεισών δραστηριοτήτων μεταξύ περιόδων.
Ι. ΚΕΡΔΟΦΟΡΙΑ ΚΑΙ ΡΕΥΣΤΟΤΗΤΑ
- Προσαρμοσμένα Καθαρά Κέρδη από Συνεχιζόμενες Δραστηριότητες διαθέσιμα στους κοινούς μετόχους 1 για το οικονομικό έτος 2025 ύψους 375,6 εκατομμυρίων δολαρίων (3,12 δολάρια ανά μετοχή).
- Καθαρά κέρδη από συνεχιζόμενες δραστηριότητες διαθέσιμα σε κοινούς μετόχους ύψους 371,0 εκατομμυρίων δολαρίων (3,09 δολάρια ανά μετοχή) για το οικονομικό έτος 2025.
- Προσαρμοσμένα Καθαρά Κέρδη από Συνεχιζόμενες Δραστηριότητες για το Δ’ Τρίμηνο του 2025, διαθέσιμα στους κοινούς μετόχους 1 , ύψους 71,8 εκατομμυρίων δολαρίων (0,60 δολάρια ανά μετοχή).
- Καθαρά κέρδη από συνεχιζόμενες δραστηριότητες για τους κοινούς μετόχους του 4ου τριμήνου του 2025 ύψους 72,6 εκατομμυρίων δολαρίων (0,60 δολάρια ανά μετοχή).
- Ρευστότητα 589,6 εκατομμυρίων δολαρίων το τέταρτο τρίμηνο του 2025 2 .
COSTAMARE INC. REPORTS RESULTS FOR THE FOURTH QUARTER AND
YEAR ENDED DECEMBER 31, 2025
Monaco – February 18, 2026 – Costamare Inc. (“Costamare” or the “Company”) (NYSE: CMRE) today
reported unaudited financial results for the fourth quarter and year ended December 31, 2025.
Discontinued operations as a result of Costamare Bulkers Holdings Limited Spin-Off
The financial results for the year ended December 31, 2025 reflect the spin-off of Costamare’s dry bulk
business (consisting of Costamare’s dry bulk owned fleet and its dry bulk operating platform, Costamare
Bulkers Inc. (“CBI”)) into a standalone public company, which was completed on May 6, 2025.
Accordingly, the results of the dry bulk business are presented as discontinued operations for all periods
shown.
For the year ended December 31, 2025, the results of discontinued operations include the dry bulk
business up to May 6, 2025, the effective date of the spin-off. In comparison, the three-month period
ended December 31, 2024 and year of 2024 include the results of discontinued operations of the dry bulk
business for the entire periods, respectively. These differences in reporting periods should be taken into
account when evaluating the results of discontinued operations between periods.
I. PROFITABILITY AND LIQUIDITY
• FY 2025 Adjusted Net Income from Continuing operations available to common stockholders1
of $375.6 million ($3.12 per share).
• FY 2025 Net Income from Continuing operations available to common stockholders of $371.0
million ($3.09 per share).
• Q4 2025 Adjusted Net Income from Continuing operations available to common stockholders1
of $71.8 million ($0.60 per share).
• Q4 2025 Net Income from Continuing operations available to common stockholders of $72.6
million ($0.60 per share).
• Q4 2025 liquidity of $589.6 million2
.
1 Adjusted Net Income from Continuing operations available to common stockholders and respective per share figures are nonGAAP measures and should not be used in isolation or as substitutes for Costamare’s financial results presented in accordance
with U.S. generally accepted accounting principles (“GAAP”). For the definition and reconciliation of these measures to the most
directly comparable financial measure calculated and presented in accordance with GAAP, please refer to Exhibit I.
2
Including short-term investments in U.S. Treasury Bills amounting to $19.3 million.
2
II. ENTERED INTO 12 NEW FIXTURES ON A FORWARD BASIS OF UP TO 3 YEARS –
INCREMENTAL CONTRACTED REVENUES OF $940 MILLION / FULLY
EMPLOYED CONTAINERSHIP FLEET FOR 2026
3
• 96% and 92% of the containership fleet4
fixed for 2026 and 2027, respectively.
• Increase in contracted revenues of approximately $940 million, stemming from forward
fixing of:
Five 14,400 TEU-capacity vessels (minimum period of 8 years).
Four 5,000 TEU-capacity vessels (minimum period of approximately 3 years).
Two 9,400 TEU-capacity vessels (minimum period of approximately 3 years).
One 4,200 TEU-capacity vessel (minimum period of 3 years).
• For all forward fixtures, a TEU-weighted duration of approximately 6 years.
• Contracted revenues for the containership fleet of approximately $3.4 billion with a TEUweighted duration of 4.5 years5
.
III. NEW DEBT FINANCING
• Bilateral financing agreement, for the pre- and post-delivery financing of the two 3,100
TEU vessels announced in the previous quarter, bringing the total number of 3,100 TEU
newbuilding orders with committed financing to six.
• Bilateral financing agreement, from a European financial institution for effectively
refinancing a facility which matured earlier this year (“old facility”). The new facility will
be secured by two of the five vessels originally securing the old facility, with the other three
becoming mortgage-free.
The new facility has:
Tenor of five years.
Significantly lower funding cost than the old facility.
• Costamare has no significant debt maturities until 2027.
IV. LEASE FINANCING PLATFORM
• Controlling interest in Neptune Maritime Leasing Limited (“NML”).
• Increased our investment commitment in NML to $247.8 million, of which $182.2 million
has been invested to date, representing 73.5% of our total commitment.
• Growing leasing platform with 54 shipping assets6
funded or on a commitment status basis,
representing total investments and commitments of more than $665.0 million, supported
by what we believe is a healthy pipeline.
V. DIVIDEND ANNOUNCEMENTS
• On January 2, 2026, the Company declared a dividend of $0.115 per share on the common
stock, which was paid on February 5, 2026, to holders of record of common stock as of
January 20, 2026.
3
Please refer to the Containership Fleet List table for additional information on vessel employment details for our containership
fleet.
4 Calculated on a TEU basis.
5 As of February 17, 2026. Includes the contracted revenue of the six vessels under construction.
6
Includes assets funded as of February 17, 2026 and contractual commitments as of February 17, 2026.
3
• On January 2, 2026, the Company declared a dividend of $0.476563 per share on the Series
B Preferred Stock, $0.531250 per share on the Series C Preferred Stock and $0.546875 per
share on the Series D Preferred Stock, which were all paid on January 15, 2026, to holders
of record as of January 14, 2026.
Mr. Gregory Zikos, Chief Financial Officer of Costamare Inc., commented:
“During the fourth quarter of the year, the Company generated Net Income of about $73 million. Net
Income for the whole year was about $370 million with liquidity of $590 million.
Executing on our strategy of securing long-term cash flows from high-quality counterparties in a healthy
market environment, we have forward-chartered 12 vessels, from 4,000 to 14,000 TEUs, all commencing
over the next three years, with a TEU‑weighted average duration of six years. Incremental contracted
revenues from the new charters amount to approximately $940 million.
As a consequence, the fleet employment now stands at 96% and 92% for 2026 and 2027, respectively.
Total contracted revenues have reached $3.4 billion, with a remaining time charter duration of 4.5 years.
With an idle fleet of less than 1%, the charter market remains strong with continued high demand for
tonnage and limited supply of ships available for charter due to the ongoing shortage of prompt ships.
With respect to Neptune Maritime Leasing, in which we hold a controlling interest, 54 shipping assets
have been funded or are on a commitment status basis, with total investments and commitments
exceeding $665 million
