Globus Maritime reported strong Q3 earnings, beating expectations despite a net loss.

Globus Maritime reported better-than-expected earnings for Q3 2024, with a 70% beat on EPS and a revenue increase of $1.27 million. The company's fleet comprises nine dry bulk carriers and recently acquired a new Ultramax vessel and agreed to purchase two Kamsarmax vessels. For Q3, the company reported $9 million in revenue, a net loss of $0.6 million, and adjusted EBITDA of $2.9 million.

November 29, 2024
4 Articles

Further Reading