Monaco –Costamare Inc. (“Costamare” or the “Company”) (NYSE: CMRE) today reported unaudited financial results for the second quarter and six-month period ended June 30, 2026. I. PROFITABILITY AND LIQUIDITY • Q2 2026 Adjusted Net Income from Continuing operations1 available to common stockholders2 of $75.1 million ($0.62 per share). • Q2 2026 Net Income from Continuing operations1 available to common stockholders of $77.4 million ($0.64 per share). • Q2 2026 liquidity of $423.0 million3 . II. NEW BILATERAL FINANCING AGREEMENTS OF $1.3 BILLION WITH A NUMBER OF LEADING US, EUROPEAN AND ASIAN BANKS4 • Concluded new financing agreements for $920 million and refinanced existing obligations. • Bilateral commitments, subject to final documentation, for additional refinancings of a total of up to $331 million which we expect to finalize during Q3 2026. All new financing agreements relate to vessels in our existing fleet. The new arrangements will provide interest cost savings. Upon completion of the financings, the Company’s unencumbered fleet will comprise 21 vessels. • In addition, bilateral commitment, subject to final documentation, for a $52 million debt facility in connection with the previously announced acquisition5 of the two 2001-built containerships, each with a capacity of approximately 5,600 TEU. 1 Discontinued operations – Costamare Bulkers Holdings Limited Spin-Off: On May 6, 2025, Costamare completed the spin-off of its dry bulk business (consisting of its dry bulk owned fleet and its dry bulk operating platform, Costamare Bulkers Inc. (“CBI”)) into a standalone public company, Costamare Bulkers Holdings Limited (NYSE: CMDB). Accordingly, the results of the dry bulk business are presented as discontinued operations in the Company’s consolidated financial statements for all relevant periods presented. Discontinued operations for the three-month and six-month periods ended June 30, 2025, include the results of the dry bulk business. There are no results of discontinued operations for the three-month and six-month periods ended June 30, 2026. Accordingly, results of discontinued operations are not comparable between periods. 2 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. 3 Liquidity includes cash and cash equivalents (including restricted cash) and short-term investments in U.S. Treasury Bills amounting to $19.6 million. 4 Certain of the financings are still in documentation stage. 5 Please refer to the Q1 2026 Earnings Release. 2 III. 16 VESSEL NEWBUILDING PROGRAM – FUNDING UPDATE • The scheduled initial installments under the shipbuilding contracts for the 16 newbuild containerships announced in Q1 20265 have been paid and the respective debt portion has been drawn under the existing finance lease arrangements. • The Company’s required equity contribution has been paid in full. • All remaining shipyard installments are expected to be funded through the pre- and postdelivery financings arranged with two leading Chinese financial institutions. IV. SALE AND PURCHASE ACTIVITY – SECONDHAND VESSELS Vessel Sales • Agreement for the sale of two 2002-built container vessels, Porto Kagio and Porto Germeno. Sales are expected to conclude by the end of Q1 2027. Estimated sale proceeds after respective debt prepayment of $54.5 million. V. FLEET EMPLOYMENT6 • 97% and 94% of the containership fleet7 fixed for 2026 and 2027, respectively. • Contracted revenues for the containership fleet of approximately $6.1 billion8 with a TEUweighted duration of 5.9 years9 . VI. LEASE FINANCING PLATFORM • Controlling interest in Neptune Maritime Leasing Limited (“NML”). • Growing leasing platform with 50 shipping assets10 funded or on a commitment status basis, representing total investments and commitments of more than $700 million, supported by what we believe is a healthy pipeline. VII. DIVIDEND ANNOUNCEMENTS • On July 1, 2026, the Company declared a dividend of $0.125 per share on the common stock, which is payable on August 6, 2026, to holders of record of common stock as of July 21, 2026. • On July 1, 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 July 15, 2026, to holders of record as of July 14, 2026.
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