CMDB - Costamare Bulkers Holdings Ltd
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| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Revenue | ||||
| Revenue | 597.2 | 1,195.4 | 663.1 | 316.5 |
| Cost of Revenue | 523.0 | 1,058.5 | 609.2 | 41.7 |
| Gross Profit | 74.3 | 136.9 | 53.9 | 274.8 |
| Operating Expenses | ||||
| R&D Expenses | 0 | 0 | 0 | 0 |
| SG&A Expenses | 10.7 | 17.8 | 13.0 | 7.4 |
| Other Expenses | 82.5 | 152.8 | 177.7 | 158.3 |
| Operating Expenses | 93.1 | 170.6 | 190.7 | 165.7 |
| Operating Income | ||||
| Operating Income | (18.8) | (33.6) | (136.8) | 109.0 |
| Interest Expense | 9.0 | 27.3 | 28.2 | 19.5 |
| Interest Income | 3.1 | 1.5 | 2.4 | 0 |
| Profitability | ||||
| EBITDA | 0.1 | (33.6) | (79.9) | 149.6 |
| EBIT | (28.3) | (71.0) | (119.5) | 110.0 |
| Income Before Tax | (37.4) | (98.3) | (147.7) | 90.4 |
| Income Tax Expense | 0 | 0 | 0 | 0 |
| Net Income | (37.4) | (98.3) | (147.7) | 90.4 |
| Per Share Data | ||||
| EPS (Basic) | -1.54 | -4.05 | -6.09 | 3.74 |
| EPS (Diluted) | -1.54 | -4.05 | -6.09 | 3.74 |
| Shares Outstanding | 24.2 | 24.2 | 24.2 | 24.2 |
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Current Assets | ||||
| Cash & Cash Equivalents | 248.8 | 49.9 | 33.7 | 104.4 |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Net Receivables | 37.4 | 49.5 | 47.2 | 24.7 |
| Inventory | 16.7 | 44.5 | 47.6 | 10.0 |
| Other Current Assets | 42.0 | 96.2 | 123.9 | 12.4 |
| Total Current Assets | 344.9 | 240.0 | 252.4 | 151.5 |
| Non-Current Assets | ||||
| Property, Plant & Equipment | 713.1 | 969.8 | 898.9 | 685.4 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Long-Term Investments | 12.0 | 0 | 0 | 0 |
| Other Non-Current Assets | 21.6 | 31.2 | 35.2 | 34.9 |
| Total Non-Current Assets | 746.7 | 1,001.0 | 934.1 | 720.3 |
| Total Assets | 1,091.6 | 1,241.0 | 1,186.5 | 871.8 |
| Current Liabilities | ||||
| Account Payables | 30.6 | 41.5 | 35.2 | 4.0 |
| Short-Term Debt | 63.6 | 115.5 | 61.1 | 53.9 |
| Deferred Revenue | 14.0 | 22.9 | 27.8 | 4.1 |
| Other Current Liabilities | 36.5 | 18.4 | 3.5 | 0.5 |
| Total Current Liabilities | 144.7 | 420.7 | 310.8 | 94.1 |
| Non-Current Liabilities | ||||
| Long-Term Debt | 165.1 | 305.7 | 285.3 | 331.7 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 0 | 5.2 | 1.7 | 0 |
| Total Non-Current Liabilities | 165.1 | 398.3 | 401.1 | 331.7 |
| Total Liabilities | 309.8 | 819.0 | 711.8 | 425.8 |
| Stockholders' Equity | ||||
| Common Stock | 0.0 | 0.2 | 0.2 | 0.1 |
| Retained Earnings | (43.9) | (98.1) | 0.2 | 147.9 |
| Accumulated Other Comprehensive Income | 0 | 0 | 0.9 | 6.0 |
| Total Stockholders' Equity | 781.8 | 422.0 | 474.7 | 446.0 |
| Total Liabilities & Equity | 1,091.6 | 1,241.0 | 1,186.5 | 871.8 |
| Debt Metrics | ||||
| Total Debt | 228.7 | 713.8 | 621.5 | 385.6 |
| Net Debt | (20.1) | 664.0 | 587.8 | 281.2 |
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Operating Activities | ||||
| Net Income | (37.4) | (98.3) | (147.7) | 90.4 |
| Depreciation & Amortization | 28.4 | 37.4 | 39.6 | 39.7 |
| Stock-Based Compensation | 2.1 | 3.0 | 2.3 | 2.7 |
| Change in Working Capital | 70.1 | (35.4) | (101.0) | (18.2) |
| Other Non-Cash Items | 12.3 | 37.8 | 10.0 | 3.0 |
| Operating Cash Flow | 75.6 | (55.5) | (196.8) | 117.6 |
| Investing Activities | ||||
| Capital Expenditure | (31.7) | (172.9) | (75.9) | (55.7) |
| Acquisitions | 22.8 | 0 | 0 | 0 |
| Purchases of Investments | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 0 | 0 | 0 | 0 |
| Other Investing Activities | 83.4 | 126.1 | 66.2 | 18.8 |
| Investing Cash Flow | 74.5 | (46.8) | (9.7) | (36.9) |
| Financing Activities | ||||
| Net Debt Issuance | (167.2) | 75.5 | (39.4) | 21.8 |
| Stock Repurchased | 0 | 0 | 0 | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Other Financing Activities | 230.5 | 41.4 | 68.9 | (99.5) |
| Financing Cash Flow | 63.3 | 116.9 | 133.2 | 26.0 |
| Cash Position | ||||
| Net Change in Cash | 213.4 | 14.6 | (73.2) | 106.7 |
| Cash at Beginning | 2.1 | 45.4 | 118.6 | 11.9 |
| Cash at End | 215.5 | 60.0 | 45.4 | 118.6 |
| Free Cash Flow | 43.9 | (228.4) | (272.7) | 61.9 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Income Statement | ||||
| Revenue | 597.2 | 1,195.4 | 663.1 | 316.5 |
| Gross Profit | 74.3 | 136.9 | 53.9 | 274.8 |
| Operating Income | (18.8) | (33.6) | (136.8) | 109.0 |
| Net Income | (37.4) | (98.3) | (147.7) | 90.4 |
| EPS (Diluted) | -1.54 | -4.05 | -6.09 | 3.74 |
| Balance Sheet | ||||
| Cash & Equivalents | 248.8 | 49.9 | 33.7 | 104.4 |
| Total Assets | 1,091.6 | 1,241.0 | 1,186.5 | 871.8 |
| Total Debt | 228.7 | 713.8 | 621.5 | 385.6 |
| Stockholders' Equity | 781.8 | 422.0 | 474.7 | 446.0 |
| Cash Flow | ||||
| Operating Cash Flow | 75.6 | (55.5) | (196.8) | 117.6 |
| Capital Expenditure | (31.7) | (172.9) | (75.9) | (55.7) |
| Free Cash Flow | 43.9 | (228.4) | (272.7) | 61.9 |