Globus Maritime returns to profit in Q2 FY26 with net income of $4.04 million; revenue rises 53.18% to $14.61 million vs Q2 FY25
GLBS•Fleet and chartering update
- Fleet remained at nine dry bulk carriers; all vessels operated on short-term time charters, with utilization easing 0.3 percentage points to 99.5%.
- Management said it is nearing completion of its Japanese newbuilding program, while continuing to focus on spot and short-term charters amid geopolitical disruptions.
Q2 FY26 results improve on higher revenue and profit
- Globus Maritime posted Q2 revenue of USD 14.6 million, up 53.18% year over year, as net income swung to USD 4.04 million.
- Basic EPS turned positive at USD 0.19; adjusted EBITDA (non-IFRS) rose to USD 9.11 million, up 180.55%.
- Time charter equivalent climbed 72% to USD 19,686 per day, attributed to better bulk shipping market conditions.
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