Globus Maritime Limited Reports Financial Results for Q1 2026

Globus Maritime Limited reported its unaudited consolidated operating and financial results for the quarter ended March 31, 2026. Revenue increased to $12.2 million from $8.6 million in Q1 2025, while Adjusted EBITDA rose to $6.2 million from $2 million year-over-year. The Time Charter Equivalent (TCE) rate also saw a significant increase to $15,706 per day from $9,370 per day in the prior year's quarter. The company's fleet consists of nine dry bulk carriers. Management noted improved market conditions in Q1 2026 compared to Q1 2025, despite geopolitical challenges in the Persian Gulf which led to increased bunker fuel prices and operating costs. The company reported no significant impact on its operations from these events during the quarter. Looking ahead, Globus Maritime expects to take delivery of two new Ultramax vessels later in the year, further enhancing its fleet's quality and efficiency. The company remains focused on disciplined capital allocation and operational excellence.