Costamare Bulkers Holdings Ltd (CMDB) Form 6-K — Aug 18, 2026
Costamare Bulkers Holdings furnished unaudited interim financial statements for the six months ended June 30, 2026 via Form 6-K, reporting a swing to net income of $15.1 million, or $0.62 per share, from a net loss of $26.5 million, or $3.15 per share, in the year-ago period. Total voyage revenue rose about 43% year over year to $223.1 million, driven by time charter revenues climbing to $114.5 million from $45.0 million. The company ended the half with $229.9 million in cash and equivalents against $139.4 million of gross long-term debt and stockholders' equity of $682.8 million.
Key figures
- Eps
- $0.62 (basic and diluted, H1 2026)
- Revenue
- $223.1 million (total voyage revenue, six months ended June 30, 2026)
- Net Income
- $15.1 million (H1 2026, vs. $(26.5) million loss in H1 2025)
- Total Debt
- $139.4 million gross long-term debt ($137.9 million net of deferred financing costs)
- Revenue Yoy
- +43.1% (vs. $155.9 million in H1 2025)
- Total Assets
- $920.8 million
- Cash Position
- $229.9 million cash and cash equivalents as of June 30, 2026 ($234.8 million including restricted cash)
- Shares Outstanding
- 24301490
- Fleet size
- 30 dry bulk vessels
- Fleet capacity
- approximately 2,665,394 DWT
- Family ownership
- 66.4% (Konstantakopoulos Family)
- Operating cash flow
- $20.3 million (H1 2026)
- Stockholders equity
- $682.8 million
- Gain on vessel sales
- $7.7 million (Clara and Miracle)
- Time charter backlog
- $85.4 million minimum contractual revenue
- Time charter revenue
- $114.5 million vs. $45.0 million year-ago
- Bermondi held for sale
- $12.6 million carrying value; delivered to buyers August 17, 2026
- Charter in commitments
- $34.0 million for one vessel under construction, payable Q4 2027 through Q4 2033
- Platform realignment loss
- $5.6 million in Other, net
- Weighted avg interest rate
- 5.3% on term loans
- Debt prepaid on bermondi sale
- $2.75 million
- Vessels pledged as collateral
- 27 of 30 vessels with $470.6 million carrying value
AI analysis
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