NASDAQ : GLBS
Globus Maritime Limited — Financial statements
Industrials · Marine Shipping · Greece
Last price 2.85 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 61.51M
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Globus Maritime Limited (GLBS) reported revenue of 52.91M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 52.91M | 44.21M | 34.87M | 31.20M | 61.76M | 43.38M |
| Cost of Revenue | 23.60M | 24.97M | 19.65M | 24.21M | 28.03M | 17.69M |
| Gross Profit | 29.30M | 19.24M | 15.22M | 6.99M | 33.72M | 25.69M |
| Selling, General & Admin | 8.23M | 6.83M | 7.48M | 4.25M | 4.29M | 3.97M |
| Operating Expenses | 18.21M | 16.84M | 13.71M | 8.98M | 9.89M | 7.92M |
| Operating Income | 11.09M | 2.40M | 1.50M | -1.99M | 23.84M | 17.77M |
| Interest Expense | -7.01M | -7.83M | -5.56M | -4.20M | -2.27M | -2.56M |
| Interest & Investment Income | 922.00K | 1.53M | 2.77M | 2.63M | 375.00K | 8.00K |
| Currency Exchange Gain (Loss) | -66.00K | -146.00K | 88.00K | -90.00K | 73.00K | 79.00K |
| Other Non Operating Income (Expenses) | -119.00K | -112.00K | -100.00K | 291.00K | 2.43M | 76.00K |
| EBT Excluding Unusual Items | 4.81M | -4.17M | -1.30M | -3.35M | 24.44M | 15.38M |
| Gain (Loss) on Sale of Assets | 1.71M | 2.14M | 2.00K | 3.88M | ||
| Asset Writedown | 1.89M | 4.40M | ||||
| Other Unusual Items | 211.00K | 282.00K | -164.00K | 344.00K | -164.00K | -600.00K |
| Pretax Income | 6.73M | -1.75M | 431.00K | 5.27M | 24.28M | 14.95M |
| Net Income | 6.73M | -1.75M | 431.00K | 5.27M | 24.28M | 14.95M |
| Net Income to Common | 6.73M | -1.75M | 431.00K | 5.27M | 24.28M | 14.95M |
| Shares Outstanding (Basic) | 20.68M | 20.68M | 20.58M | 20.58M | 20.58M | 14.81M |
| Shares Outstanding (Diluted) | 20.68M | 20.68M | 20.58M | 20.58M | 20.58M | 14.81M |
| EPS (Basic) | 0.33 | -0.08 | 0.02 | 0.26 | 1.18 | 1.01 |
| EPS (Diluted) | 0.33 | -0.08 | 0.02 | 0.26 | 1.18 | 1.01 |
| Free Cash Flow | 12.35M | 3.52M | -101.90M | -23.73M | -2.48M | -51.22M |
| Free Cash Flow Per Share | 0.60 | 0.17 | -4.95 | -1.15 | -0.12 | -3.46 |
| Gross Margin | 55.39% | 43.52% | 43.64% | 22.41% | 54.61% | 59.23% |
| Operating Margin | 20.96% | 5.42% | 4.30% | -6.36% | 38.60% | 40.97% |
| Profit Margin | 12.72% | -3.95% | 1.24% | 16.89% | 39.32% | 34.46% |
| Free Cash Flow Margin | 23.33% | 7.96% | -292.23% | -76.04% | -4.01% | -118.07% |
| EBITDA | 20.77M | 12.08M | 7.42M | 2.43M | 29.11M | 21.48M |
| EBITDA Margin | 39.25% | 27.33% | 21.29% | 7.78% | 47.14% | 49.51% |
| D&A For EBITDA | 9.68M | 9.68M | 5.92M | 4.41M | 5.27M | 3.70M |
| EBIT | 11.09M | 2.40M | 1.50M | -1.99M | 23.84M | 17.77M |
| EBIT Margin | 20.96% | 5.42% | 4.30% | -6.36% | 38.60% | 40.97% |
| Revenue as Reported | 52.91M | 44.21M | 34.87M | 31.20M | 61.76M | 43.38M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 29.32M | 26.25M | 46.84M | 74.20M | 52.83M | 45.21M |
| Cash & Short-Term Investments | 29.32M | 26.25M | 46.84M | 74.20M | 52.83M | 45.21M |
| Accounts Receivable | 3.80M | 654.00K | 1.11M | 1.15M | 109.00K | 1.00M |
| Receivables | 3.80M | 654.00K | 1.11M | 1.15M | 109.00K | 1.00M |
| Inventory | 1.33M | 2.22M | 1.23M | 1.26M | 3.03M | 852.00K |
| Prepaid Expenses | 5.78M | 1.28M | 2.37M | 1.79M | 2.89M | 1.22M |
| Restricted Cash | 450.00K | 450.00K | 1.05M | 90.00K | 2.38M | 1.65M |
| Other Current Assets | 113.00K | 442.00K | 808.00K | 1.09M | ||
| Total Current Assets | 40.69M | 30.97M | 53.04M | 79.30M | 62.33M | 49.94M |
| Property, Plant & Equipment | 228.74M | 233.27M | 249.93M | 100.82M | 130.04M | 131.71M |
| Other Long-Term Assets | 24.65M | 24.58M | 18.01M | 51.28M | 33.09M | 4.00M |
| Total Assets | 294.08M | 288.82M | 320.99M | 231.40M | 225.46M | 185.65M |
| Accounts Payable | 2.16M | 1.97M | 3.59M | 362.00K | 3.55M | 1.10M |
| Accrued Expenses | 3.58M | 739.00K | 2.00M | 1.65M | 5.73M | 3.41M |
| Current Portion of Long-Term Debt | 7.97M | 7.98M | 8.81M | 6.50M | 6.80M | 5.07M |
| Current Portion of Leases | 359.00K | 332.00K | 188.00K | 321.00K | 349.00K | |
| Current Unearned Revenue | 602.00K | 448.00K | 696.00K | 688.00K | 416.00K | 2.04M |
| Other Current Liabilities | 174.00K | 19.16M | 117.00K | 81.00K | 151.00K | |
| Total Current Liabilities | 14.67M | 11.31M | 34.58M | 9.50M | 16.90M | 12.13M |
| Long-Term Debt | 97.48M | 101.26M | 109.28M | 45.76M | 37.52M | 26.44M |
| Long-Term Leases | 539.00K | 531.00K | 188.00K | 556.00K | ||
| Pension & Post-Retirement Benefits | 266.00K | 253.00K | 191.00K | 171.00K | 148.00K | 114.00K |
| Total Liabilities | 112.95M | 112.83M | 144.59M | 55.43M | 54.76M | 39.23M |
| Common Stock | 86.00K | 86.00K | 82.00K | 82.00K | 82.00K | 82.00K |
| Additional Paid-In Capital | 285.74M | 285.74M | 284.41M | 284.41M | 284.41M | 284.41M |
| Retained Earnings | -104.71M | -109.83M | -108.09M | -108.52M | -113.79M | -138.07M |
| Total Common Equity | 181.12M | 175.99M | 176.40M | 175.97M | 170.70M | 146.42M |
| Shareholders' Equity | 181.12M | 175.99M | 176.40M | 175.97M | 170.70M | 146.42M |
| Total Liabilities & Equity | 294.08M | 288.82M | 320.99M | 231.40M | 225.46M | 185.65M |
| Total Debt | 106.34M | 109.25M | 118.95M | 52.45M | 44.83M | 32.42M |
| Net Cash (Debt) | -77.02M | -82.99M | -72.12M | 21.75M | 8.00M | 12.80M |
| Net Cash Per Share | -3.72 | -4.01 | -3.50 | 1.06 | 0.39 | 0.86 |
| Filing Date Shares Outstanding | 21.58M | 21.58M | 20.58M | 20.58M | 20.58M | 20.58M |
| Total Common Shares Outstanding | 21.58M | 21.58M | 20.58M | 20.58M | 20.58M | 20.58M |
| Working Capital | 26.01M | 19.66M | 18.46M | 69.80M | 45.42M | 37.81M |
| Book Value Per Share | 8.39 | 8.15 | 8.57 | 8.55 | 8.29 | 7.11 |
| Tangible Book Value | 181.12M | 175.99M | 176.40M | 175.97M | 170.70M | 146.42M |
| Tangible Book Value Per Share | 8.39 | 8.15 | 8.57 | 8.55 | 8.29 | 7.11 |
| Machinery | 299.66M | 299.37M | 323.65M | 181.34M | 235.01M | 233.84M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 6.73M | -1.75M | 431.00K | 5.27M | 24.28M | 14.95M |
| Depreciation & Amortization | 10.02M | 10.01M | 6.24M | 4.72M | 5.60M | 3.91M |
| Other Amortization | 4.46M | 4.82M | 3.80M | 4.51M | 4.81M | 3.30M |
| Loss (Gain) From Sale of Assets | -2.14M | -2.00K | -3.88M | |||
| Asset Writedown & Restructuring Costs | -1.89M | -4.40M | ||||
| Stock-Based Compensation | 1.34M | 1.34M | 40.00K | |||
| Other Operating Activities | 2.29M | 844.00K | 369.00K | -9.75M | -3.73M | -1.14M |
| Change in Accounts Receivable | -2.28M | 460.00K | 37.00K | -1.04M | 894.00K | -850.00K |
| Change in Inventory | 56.00K | -991.00K | 30.00K | 1.77M | -2.18M | 396.00K |
| Change in Accounts Payable | -372.00K | -1.46M | 2.94M | -3.38M | 2.72M | -1.92M |
| Change in Unearned Revenue | 349.00K | -249.00K | 9.00K | 272.00K | -1.63M | 1.76M |
| Change in Other Net Operating Assets | -2.05M | 477.00K | -671.00K | 1.45M | -3.87M | 306.00K |
| Operating Cash Flow | 20.54M | 11.37M | 11.29M | -4.46M | 26.91M | 20.75M |
| Capital Expenditures | -8.19M | -7.85M | -113.19M | -19.27M | -29.38M | -71.97M |
| Sale of Property, Plant & Equipment | 8.36M | 11.50M | 35.10M | |||
| Other Investing Activities | -18.00M | -17.47M | 2.77M | 2.63M | 375.00K | 8.00K |
| Investing Cash Flow | -26.20M | -16.96M | -98.92M | 18.46M | -29.01M | -71.96M |
| Long-Term Debt Issued | 1.40M | 76.00M | 25.00M | 18.00M | 34.25M | |
| Long-Term Debt Repaid | -10.45M | -9.92M | -17.08M | -5.66M | -39.74M | |
| Lease Payments | -348.00K | -339.00K | -310.00K | -321.00K | -286.00K | -241.00K |
| Net Debt Issued (Repaid) | -7.03M | -9.05M | 66.08M | 7.92M | 12.34M | -5.49M |
| Issuance of Common Stock | 89.61M | |||||
| Other Financing Activities | -6.32M | -5.94M | -5.81M | -559.00K | -2.62M | -6.73M |
| Financing Cash Flow | -13.35M | -14.99M | 60.27M | 7.37M | 9.72M | 77.39M |
| Net Cash Flow | -19.01M | -20.58M | -27.36M | 21.37M | 7.62M | 26.18M |
| Free Cash Flow | 12.35M | 3.52M | -101.90M | -23.73M | -2.48M | -51.22M |
| Free Cash Flow Margin | 23.33% | 7.96% | -292.23% | -76.04% | -4.01% | -118.07% |
| Free Cash Flow Per Share | 0.60 | 0.17 | -4.95 | -1.15 | -0.12 | -3.46 |
| Levered Free Cash Flow | -11.72M | -15.70M | -84.17M | -16.47M | -7.18M | -57.19M |
| Unlevered Free Cash Flow | -7.60M | -11.11M | -80.99M | -14.17M | -5.93M | -56.14M |
| Free Cash Flow After Leases | 12.00M | 3.18M | -102.21M | -24.05M | -2.76M | -51.46M |
| Cash Interest Paid | 6.63M | 7.31M | 4.62M | 2.50M | 1.61M | 2.62M |
| Change in Working Capital | -4.30M | -1.76M | 2.34M | -930.00K | -4.06M | -306.00K |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 61.08M | 36.02M | 24.08M | 54.54M | 21.61M | 43.21M |
| Enterprise Value | 138.10M | 120.68M | 60.58M | 30.64M | 4.90M | 13.27M |
| Last Close Price | 2.89 | 1.75 | 1.17 | 2.65 | 1.05 | 2.10 |
| PE Ratio | 8.70 | 55.87 | 10.35 | 0.89 | 2.89 | |
| Forward PE | 7.86 | 8.00 | 8.00 | 15.13 | 2.69 | 6.18 |
| PS Ratio | 1.18 | 0.81 | 0.69 | 1.75 | 0.35 | 1.00 |
| PB Ratio | 0.34 | 0.20 | 0.14 | 0.31 | 0.13 | 0.29 |
| P/TBV Ratio | 0.34 | 0.20 | 0.14 | 0.31 | 0.13 | 0.29 |
| P/FCF Ratio | 5.05 | 10.24 | ||||
| P/OCF Ratio | 3.04 | 3.17 | 2.13 | 0.80 | 2.08 | |
| EV/Sales Ratio | 2.63 | 2.73 | 1.74 | 0.98 | 0.08 | 0.31 |
| EV/EBITDA Ratio | 6.71 | 9.99 | 8.16 | 12.61 | 0.17 | 0.62 |
| EV/EBIT Ratio | 12.57 | 50.34 | 40.36 | 0.21 | 0.75 | |
| EV/FCF Ratio | 11.29 | 34.29 | ||||
| Debt / Equity Ratio | 0.59 | 0.62 | 0.67 | 0.30 | 0.26 | 0.22 |
| Debt / EBITDA Ratio | 5.04 | 8.80 | 15.37 | 19.14 | 1.52 | 1.50 |
| Debt / FCF Ratio | 8.61 | 31.04 | ||||
| Net Debt / Equity Ratio | 0.42 | 0.47 | 0.41 | -0.12 | -0.05 | -0.09 |
| Net Debt / EBITDA Ratio | 3.71 | 6.87 | 9.71 | -8.96 | -0.28 | -0.60 |
| Net Debt / FCF Ratio | 6.24 | 23.58 | -0.71 | 0.92 | 3.23 | 0.25 |
| Asset Turnover | 0.17 | 0.14 | 0.13 | 0.14 | 0.30 | 0.32 |
| Inventory Turnover | 17.39 | 14.50 | 15.84 | 11.30 | 14.45 | 16.84 |
| Quick Ratio | 2.26 | 2.38 | 1.39 | 7.93 | 3.13 | 3.81 |
| Current Ratio | 2.77 | 2.74 | 1.53 | 8.35 | 3.69 | 4.12 |
| Return on Equity (ROE) | 3.80% | -0.99% | 0.24% | 3.04% | 15.31% | 15.86% |
| Return on Assets (ROA) | 2.30% | 0.49% | 0.34% | -0.54% | 7.25% | 8.16% |
| Return on Capital Employed (ROCE) | 4.00% | 0.90% | 0.50% | -0.90% | 11.40% | 10.20% |
| Earnings Yield | 11.50% | -4.85% | 1.79% | 9.67% | 112.35% | 34.60% |
| FCF Yield | 19.79% | 9.77% | -423.15% | -43.50% | -11.46% | -118.53% |
| Buyback Yield / Dilution | -0.48% | -0.48% | -38.98% | -1,444.02% |