Costamare Inc. Reports Q2 2025 Financial Results and Fleet Updates

SEC Filing 6-K (0001171843-25-004873)

Costamare Inc. reported its unaudited financial results for the second quarter and six-month period ended June 30, 2025. The company highlighted the spin-off of its dry bulk business, which was completed on May 6, 2025, and is now reported as discontinued operations. For Q2 2025, Costamare reported a net income from continuing operations of $99.6 million, or $0.83 per share, and an adjusted net income of $92.5 million, or $0.77 per share. The company also announced the conclusion of newbuilding contracts for four 3,100 TEU containerships, expected to be delivered between Q2 2027 and Q4 2027, with 8-year charters secured upon delivery. Costamare's containership fleet is fully employed for 2025, with 75% fixed for 2026, and contracted revenues increased by over $310 million. The company also secured new debt financing and announced dividends for its common and preferred stock.