Costamare Bulkers Holdings Limited

Costamare Bulkers Holdings Limited reported second-quarter adjusted net income of $9.8 million, or $0.40 per share, with net income of $5.2 million, or $0.21 per share, for the period ended June 30. The dry bulk owner, which spun off from Costamare Inc. on May 6, 2025, said cash now exceeds debt by $108.9 million and that it entered the third quarter with $331.5 million in total liquidity, a cushion management said allows countercyclical growth if vessel values fall. Fleet utilization reached 99.1% in the second quarter and 98.3% in the first half, while the company took delivery of the 2018-built Astros and booked a combined $7.7 million gain on the sale of the older Clara and Miracle during the first half. The 2009-built Bermondi is under agreement to be sold, expected to close in the third quarter of 2026, and all six owned Capesize vessels remain on period charters, with 12 period agreements index-linked and convertible to fixed rates. Chief Executive Gregory Zikos said the quarter's Capesize market was unusually volatile, with rates peaking in late May before correcting by nearly $20,000 a day through the end of June, and added that the company's legacy Cargill-related trading positions are expected to clear entirely by the end of 2026.

Costamare Inc. reported second-quarter 2026 net income from continuing operations available to common stockholders of $77.4 million, or $0.64 per share, while announcing $1.3 billion in new bilateral financing agreements with leading US, European and Asian banks. The company concluded new financing agreements for $920 million and refinanced existing obligations, with bilateral commitments for additional refinancings of up to $331 million expected to be finalized during the third quarter. Adjusted net income from continuing operations available to common stockholders was $75.1 million, or $0.62 per share, and total liquidity stood at $423.0 million. The containership fleet is 97% fixed for 2026 and 94% for 2027, with contracted revenues of approximately $6.1 billion and a TEU-weighted duration of 5.9 years. Costamare also declared a quarterly common stock dividend of $0.125 per share, payable on August 6, 2026.