Globus Maritime Limited (GLBS) Income Statement
GLBS 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGLBS revenue and net income
Where GLBS's revenue goes
2025Each bar shows an amount and its share of revenue. GLBS kept −4.0% of revenue as net income.
GLBS profit margins
GLBS growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +26.8% | −10.5% | +30.3% | +13.3% |
| Gross profit | +39.6% | −31.0% | — | — |
| Operating income | +59.2% | −53.4% | — | — |
| Net income | −505.3% | — | — | — |
| EPS (diluted) | −450.0% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GLBS quarterly EPS vs estimates
Globus Maritime beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 27, 2026.
GLBS income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $44.2M | $34.9M | $31.2M | $61.8M | $43.4M | $11.8M | $15.6M | $17.4M | $14.4M | $9.0M |
| Cost of revenue | $35.0M | $28.3M | $30.9M | $33.6M | $23.1M | $15.8M | $17.4M | $16.9M | $16.7M | $16.0M |
| Gross profit | $9.2M | $6.6M | $298,000 | $28.1M | $20.3M | −$4.1M | −$1.8M | $474,000 | −$2.3M | −$7.0M |
| Sales, general & admin | $3.8M | $4.9M | $2.0M | $4.0M | $2.4M | $2.7M | $1.9M | $1.9M | $1.8M | $2.2M |
| Total operating expenses | $6.8M | $5.1M | $2.3M | $4.5M | $2.4M | $7.4M | $2.0M | $1.9M | $1.7M | $2.5M |
| Operating income | $2.4M | $1.5M | −$2.0M | $23.6M | $17.9M | −$11.4M | −$4.4M | −$1.4M | −$4.0M | −$7.2M |
| Interest income | $1.5M | $2.8M | $2.0M | $375,000 | $8,000 | $16,000 | $47,000 | $0 | $3,000 | $5,000 |
| Interest expense | $8.0M | $6.0M | $4.2M | $2.4M | $2.6M | $4.1M | $4.7M | $2.0M | $2.2M | $2.7M |
| Income before taxes | −$1.7M | $431,000 | $5.3M | $24.3M | $14.9M | −$17.4M | −$36.4M | −$3.6M | −$6.5M | −$9.8M |
| Income taxes | — | — | $8.7M | −$648,000 | $2.6M | $4.1M | $4.0M | −$93,000 | $2.2M | $2.6M |
| Net income | −$1.7M | $431,000 | $5.3M | $24.3M | $14.9M | −$17.4M | −$36.4M | −$3.6M | −$6.5M | −$9.8M |
| EBITDA | $16.9M | $16.2M | $18.4M | $36.9M | $24.2M | −$9.6M | −$25.9M | $4.3M | $1.7M | −$1.1M |
| EPS (diluted) | −$0.07 | $0.02 | $0.26 | $1.09 | $0.65 | −$91.83 | −$155.68 | $7.43 | −$50.28 | −$4653.38 |
| Gross margin | 20.9% | 19.0% | 1.0% | 45.5% | 46.9% | −34.6% | −11.4% | 2.7% | −16.1% | −77.2% |
| Operating margin | 5.4% | 4.3% | −6.4% | 38.3% | 41.4% | −97.2% | −27.9% | −8.3% | −27.8% | −80.2% |
| Net margin | −4.0% | 1.2% | 16.9% | 39.3% | 34.5% | −147.8% | −232.7% | −20.6% | −44.9% | −108.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $14.6M | $12.2M | $13.5M | $12.6M | $9.5M | $8.6M | $8.7M | $8.9M | $9.5M | $7.7M | $7.1M | $7.7M |
| Cost of revenue | $8.5M | $7.9M | $10.6M | $9.3M | $6.3M | $9.0M | $11.0M | $6.0M | $5.5M | $5.7M | $5.4M | $6.8M |
| Gross profit | $6.1M | $4.4M | $2.8M | $3.3M | $3.2M | −$355,000 | −$2.3M | $2.9M | $4.0M | $2.0M | $1.8M | $919,000 |
| Sales, general & admin | $1.8M | $2.1M | $60,000 | $1.4M | $1.1M | $1.4M | $1.6M | $2.1M | $2.1M | $2.2M | $1.2M | $1.1M |
| Total operating expenses | $557,000 | $2.1M | $246,000 | $1.3M | $3.7M | $1.4M | −$1.4M | $2.1M | $297,000 | $2.2M | $1.0M | −$2.7M |
| Operating income | $5.5M | $2.2M | $2.6M | $2.0M | −$408,000 | −$1.7M | −$890,000 | $809,000 | $3.7M | −$254,000 | $720,000 | $3.6M |
| Interest income | $214,000 | — | $204,000 | $320,000 | $627,000 | — | $494,000 | $839,000 | $735,000 | — | $966,000 | $746,000 |
| Interest expense | $1.5M | $1.8M | $1.8M | $2.0M | $2.1M | $1.8M | $1.8M | $1.8M | $1.3M | $1.2M | $1.3M | $1.2M |
| Income before taxes | $4.0M | $1.1M | $878,000 | $725,000 | −$1.9M | −$1.5M | −$2.0M | −$550,000 | $3.3M | −$299,000 | $378,000 | $3.5M |
| Income taxes | — | — | — | — | — | — | — | — | $1.3M | $2.2M | $1 | $1.2M |
| Net income | $4.0M | $1.1M | $878,000 | $725,000 | −$1.9M | −$1.5M | −$2.0M | −$550,000 | $3.3M | −$299,000 | $378,000 | $3.5M |
| EBITDA | $9.1M | $5.7M | $6.3M | $6.3M | $3.9M | $4.1M | $3.1M | $3.4M | $6.7M | $3.2M | $2.7M | $6.9M |
| EPS (diluted) | $0.19 | $0.05 | $0.05 | $0.04 | −$0.09 | −$0.07 | −$0.10 | −$0.03 | $0.16 | −$0.01 | $0.02 | $0.17 |
| Gross margin | 41.7% | 35.6% | 21.0% | 26.3% | 34.0% | −4.1% | −26.5% | 32.6% | 42.3% | 25.6% | 24.6% | 12.0% |
| Operating margin | 37.9% | 18.1% | 19.2% | 15.7% | −4.3% | −20.2% | −10.2% | 9.0% | 39.2% | −3.3% | 10.1% | 46.9% |
| Net margin | 27.6% | 8.9% | 6.5% | 5.8% | −19.6% | −17.2% | −23.0% | −6.1% | 34.5% | −3.9% | 5.3% | 45.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GLBS's financial statements (latest annual report filed March 16, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GLBS financial results
In fiscal year 2025 (ended December 31, 2025), Globus Maritime reported revenue of $44.2 million, up 26.8% from the year before. It had a net loss of $1.7 million, a net profit margin of −4.0%. Diluted earnings per share came to −$0.07. Over five years revenue grew at an average rate of 30.3% a year.
See the GLBS stock overview for the latest quote and news, or the GLBS chart for price history and technical indicators.
GLBS income statement FAQ
What is Globus Maritime's annual revenue?
Globus Maritime reported total revenue of $44.2 million for fiscal year 2025, which ended on December 31, 2025. That was up 26.8% from $34.9 million the previous year.
Is Globus Maritime profitable?
No. Globus Maritime reported a net loss of $1.7 million in fiscal 2025, a net profit margin of −4.0%; its operating margin was 5.4%.
What is Globus Maritime's gross margin?
Globus Maritime's gross margin was 20.9% in fiscal 2025: for every $100 of revenue, Globus Maritime kept $21 after the direct cost of its products and services.
How fast is Globus Maritime growing?
Revenue grew 30.3% a year on average over the last five fiscal years, from $11.8 million to $44.2 million.
What are Globus Maritime's earnings per share?
Globus Maritime earned $-0.07 per diluted share in fiscal 2025, compared with $0.02 a year earlier.
When will Globus Maritime report its next earnings?
Globus Maritime is expected to report results for the quarter ending September 30, 2026 on November 27, 2026.
When does Globus Maritime's fiscal year end?
Globus Maritime's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 16, 2026.