CMDB Costamare Bulkers Holdings Ltd

Overview and Growth

Costamare Bulkers Holdings Ltd generated $597.22M of revenue in fiscal 2025, with net loss of $37.35M and an operating cash inflow of $75.59M. The $597.22M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Total assets stood at $929.42M, showing the scale of resources supporting revenue, earnings, liquidity, and financing. Revenue equaled 0.64x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

The reported operating result was an operating loss of $30.61M, reflecting costs that exceeded gross profit. The operating loss equaled 5.1% of revenue, showing the scale of the operating deficit relative to sales. The company ended the period with a net loss of $37.35M, extending the operating result through all remaining items. Net margin was -6.3%, reflecting a loss equal to 6.3% of reported revenue. The company reported negative EBITDA of $2.20M, adding a pre-interest, tax, depreciation, and amortization view of the operating shortfall. Relative to period-end equity, the net loss represented 5.6%. Relative to total assets, the net loss represented 4.0%. The company moved from fiscal 2024 net income of $6.00K to a current net loss of $37.35M.

Liquidity and Capital Structure

The company held $929.42M of assets against $263.77M of liabilities and $665.65M of equity, revealing how the asset base was financed. The near-term balance sheet paired $293.65M of current assets with $123.18M of current liabilities at the reporting date. The current ratio was 2.38x, with current assets exceeding current liabilities and providing a short-term liquidity cushion. The company held $211.84M in cash and equivalents, a narrower liquidity measure than total current assets. Measured only with cash and equivalents, coverage of current liabilities was 172.0%, excluding receivables and other current assets. Borrowings totaled $155.59M, adding a fixed financing obligation alongside the company’s equity capital. The debt-to-equity relationship was 0.23x, showing how much debt the company carried for each unit of book equity. The debt-to-assets relationship was 16.7%, comparing borrowing with the total asset balance. The equity-to-assets relationship was 71.6%, placing book capital against the total resource base. Liabilities represented 28.4% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 22.8%, comparing reported cash and equivalents with the full positive asset balance.

Cash Flow and Earnings Quality

Cash flow from operations was $75.59M, a reported cash inflow that can be compared directly with net income and capital spending. The operating cash outcome moved from $4.00K in fiscal 2024 to $75.59M, ending above the prior-year level.

Based on the annual report for the fiscal year ending Dec 31, 2025. Analysis generated Sep 24, 2026.