Globus Maritime Limited(GLBS)Earnings, Financials & Key Ratios

GLBS•NASDAQ

$2.13

$44M mkt cap·Price updated May 6, 2026

SectorIndustrials IndustryMarine Shipping Sub-IndustryDry Bulk Shipping

AboutGlobus Maritime Limited, an integrated dry bulk shipping company, provides marine transportation services worldwide. It owns, operates, and manages a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes. As of March 31, 2022, the company's fleet included nine vessels with a total carrying capacity of 626,257 deadweight tonnage. It charters its vessels to operators, trading houses, shipping companies and producers, and government-owned entities. The company was incorporated in 2006 and is based in Athens, Greece. Globus Maritime Limited is a subsidiary of Firment Trading Limited.Show more

Revenue$44M+26.8%
EBITDA$17M+28.8%
Net Income-$2M-505.3%
EPS (Diluted)-0.08-504.3%
Gross Margin20.88%+10.1%
EBITDA Margin38.28%+1.6%
Operating Margin5.42%-44.4%
Net Margin-3.95%-419.7%
ROE-0.99%-505.4%
ROIC0.68%-43.5%
Debt/Equity0.62-20.6%
Interest Coverage0.30-45.8%

Technical→

GLBS Key Insights

Globus Maritime Limited (GLBS) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

✓Momentum leader: RS Rating 90 (top 10%)
✓Strong 5Y sales CAGR of 30.3%
✓Healthy 5Y average net margin of 17.6%
✓Trading at only 0.3x book value

✗Weaknesses

✗Weak 3Y average ROE of 0.8%
✗Negative free cash flow
✗Low asset turnover indicates capital-intensive operations

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

GLBS Price & Volume

Globus Maritime Limited (GLBS) stock price & volume — 10-year historical chart

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GLBS Growth Metrics

Globus Maritime Limited (GLBS) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years13.27%

5 Years30.34%

3 Years-10.55%

TTM26.77%

Profit CAGR

10 Years-

5 Years-

3 Years-

TTM-505.34%

EPS CAGR

10 Years-

5 Years-

3 Years-

TTM-500.46%

Return on Capital

10 Years-2.08%

5 Years6.4%

3 Years1.7%

Last Year0.85%

Company	Market Cap	Stock Price	P/E Ratio (TTM)	Revenue Growth 1Y	Net Margin	Return on Equity (ROE)	Debt / Equity
SBLKStar Bulk Carriers Corp.Direct Competitor	3.1B	26.90	36.85	-17.62%	8.07%	3.44%	0.44
NMMNavios Maritime Partners L.P.Direct Competitor	2.11B	73.25	6.11	2.08%	19.95%	8.09%	0.46
SBSafe Bulkers, Inc.Direct Competitor	728.6M	6.92	8.34	8.17%	16.78%	5.58%	0.65
SHIPSeanergy Maritime Holdings Corp.Direct Competitor	333.81M	15.81	15.65	-5.59%	9.74%	5.29%	1.03
DSXDiana Shipping Inc.Product Competitor	336.8M	2.69	45.75	-12.93%	11.18%	4.89%	1.26
CMRECostamare Inc.Product Competitor	2.08B	17.27	6.04	-57.87%	33.32%	16.35%	0.70
GSLGlobal Ship Lease, Inc.Product Competitor	1.47B	41.61	3.65	8.63%	54.8%	24.76%	0.38
ESEAEuroseas Ltd.Product Competitor	521.99M	74.50	3.78	7.03%	60.11%	29.55%	0.47

Compare GLBS vs Peers

Globus Maritime Limited (GLBS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SBLK

Most directly comparable listed peer for GLBS.

Scale Benchmark

vs FRO

Larger-name benchmark to compare GLBS against a more recognizable public peer.

Peer Set

Compare Top 5

vs SBLK, NMM, SB, SHIP

GLBS Income Statement

Globus Maritime Limited (GLBS) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Sales/Revenue	14.42M	17.35M	15.62M	11.75M	43.38M	61.76M	31.2M	34.87M	44.21M
Revenue Growth %	59.94%	20.32%	-9.97%	-24.77%	269.11%	42.35%	-49.47%	11.74%	26.77%
Cost of Goods Sold	16.74M	16.88M	17.41M	14.8M	21.6M	33.63M	28.94M	28.26M	34.98M
COGS % of Revenue	116.09%	97.27%	111.41%	125.96%	49.78%	54.46%	92.73%	81.04%	79.13%
Gross Profit	-2.32M▲ 0%	474K▲ 120.4%	-1.78M▼ 475.9%	-3.05M▼ 71.2%	21.78M▲ 814.0%	28.12M▲ 29.1%	2.27M▼ 91.9%	6.61M▲ 191.4%	9.23M▲ 39.6%
Gross Margin %	-16.09%	2.73%	-11.41%	-25.96%	50.22%	45.54%	7.27%	18.96%	20.88%
Gross Profit Growth %	66.67%	120.43%	-475.95%	-71.21%	814%	29.1%	-91.93%	191.41%	39.56%
Operating Expenses	1.7M	1.92M	1.97M	10.77M	3.84M	4.49M	717K	3.21M	6.83M
OpEx % of Revenue	11.75%	11.08%	12.58%	91.64%	8.85%	7.27%	2.3%	9.21%	15.45%
Selling, General & Admin	1.78M	1.92M	1.88M	3.72M	3.83M	4M	2.05M	4.89M	6.52M
SG&A % of Revenue	12.33%	11.09%	12.02%	31.62%	8.82%	6.47%	6.56%	14.04%	14.74%
Research & Development	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-
Other Operating Expenses	-83K	-2K	87K	7.05M	14K	496K	-1.33M	-1.68M	314K
Operating Income	-4.01M▲ 0%	-1.45M▲ 63.9%	-4.37M▼ 201.5%	-11.42M▼ 161.6%	17.94M▲ 257.1%	23.63M▲ 31.7%	6.28M▼ 73.4%	3.4M▼ 45.8%	2.4M▼ 29.5%
Operating Margin %	-27.84%	-8.34%	-27.95%	-97.19%	41.36%	38.27%	20.12%	9.75%	5.42%
Operating Income Growth %	44.45%	63.94%	-201.52%	-161.64%	257.09%	31.7%	-73.44%	-45.85%	-29.48%
EBITDA	1.7M	4.32M	2.06M	-7.69M	24.61M	33.88M	15.19M	13.14M	16.92M
EBITDA Margin %	11.79%	24.89%	13.18%	-65.43%	56.72%	54.86%	48.67%	37.69%	38.28%
EBITDA Growth %	240.69%	153.91%	-52.33%	-473.48%	419.96%	37.69%	-55.17%	-13.47%	28.76%
D&A (Non-Cash Add-back)	5.72M	5.77M	6.42M	3.73M	6.66M	10.25M	8.91M	9.74M	14.53M
EBIT	-4.25M	-1.54M	-32.31M	-13.22M	18.21M	26.55M	9.57M	6.56M	2.4M
Net Interest Income	-2.22M	2.03M	-4.66M	-4.14M	-3.25M	-1.99M	-1.66M	-3.36M	-6.44M
Interest Income	3K	2.03M	47K	16K	8K	375K	2.63M	2.77M	1.53M
Interest Expense	2.22M	0	4.7M	4.16M	3.26M	2.36M	4.29M	6.13M	7.97M
Other Income/Expense	-2.46M	-2.12M	-31.98M	-5.95M	-2.99M	648K	-1M	-2.97M	-4.14M
Pretax Income	-6.47M▲ 0%	-3.57M▲ 44.9%	-36.35M▼ 918.8%	-17.37M▲ 52.2%	14.95M▲ 186.1%	24.28M▲ 62.4%	5.27M▼ 78.3%	431K▼ 91.8%	-1.75M▼ 505.3%
Pretax Margin %	-44.89%	-20.56%	-232.68%	-147.81%	34.46%	39.32%	16.89%	1.24%	-3.95%
Income Tax	0	0	0	0	0	0	0	0	0
Effective Tax Rate %	0%	0%	0%	0%	0%	0%	0%	0%	0%
Net Income	-6.47M▲ 0%	-3.57M▲ 44.9%	-36.35M▼ 918.8%	-17.37M▲ 52.2%	14.95M▲ 186.1%	24.28M▲ 62.4%	5.27M▼ 78.3%	431K▼ 91.8%	-1.75M▼ 505.3%
Net Margin %	-44.89%	-20.56%	-232.68%	-147.81%	34.46%	39.32%	16.89%	1.24%	-3.95%
Net Income Growth %	34.1%	44.9%	-918.81%	52.21%	186.06%	62.41%	-78.29%	-91.82%	-505.34%
Net Income (Continuing)	-6.47M	-3.57M	-36.35M	-17.37M	14.95M	24.28M	5.27M	431K	-1.75M
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0
EPS (Diluted)	-251.47▲ 0%	-111.60▲ 55.6%	-873.36▼ 682.6%	-18.11▲ 97.9%	1.01▲ 105.6%	1.18▲ 16.8%	0.26▼ 78.0%	0.02▼ 92.0%	-0.08▼ 504.3%
EPS Growth %	93.34%	55.62%	-682.58%	97.93%	105.58%	16.83%	-77.97%	-91.96%	-504.31%
EPS (Basic)	-251.47	-111.60	-873.36	-18.11	1.01	1.18	0.26	0.02	-0.08
Diluted Shares Outstanding	25.75K	31.97K	41.62K	959.16K	14.81M	20.58M	20.58M	20.58M	20.68M
Basic Shares Outstanding	25.75K	31.97K	41.62K	959.16K	14.81M	20.58M	20.58M	20.58M	20.68M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

GLBS Balance Sheet

Globus Maritime Limited (GLBS) balance sheet — assets, liabilities & shareholders' equity

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Total Current Assets	4.23M	2.79M	5.49M	22.28M	49.94M	62.33M	79.3M	53.04M	30.97M
Cash & Short-Term Investments	2.76M	46K	2.37M	19.04M	45.21M	52.83M	74.2M	46.84M	26.7M
Cash Only	2.76M	46K	2.37M	19.04M	45.21M	52.83M	74.2M	46.84M	26.7M
Short-Term Investments	0	0	0	0	0	0	0	0	0
Accounts Receivable	177K	577K	240K	153K	1M	109K	1.15M	1.11M	654K
Days Sales Outstanding	4.48	12.14	5.61	4.75	8.44	0.64	13.46	11.66	5.4
Inventory	661K	650K	1.54M	1.25M	852K	3.03M	1.26M	1.23M	2.22M
Days Inventory Outstanding	14.41	14.06	32.4	30.77	14.4	32.86	15.84	15.84	23.13
Other Current Assets	426K	1.35M	1.19M	816K	1.65M	6.36M	2.69M	3.87M	1.4M
Total Non-Current Assets	87.37M	83.88M	50.17M	64.16M	135.71M	163.13M	152.1M	267.94M	257.85M
Property, Plant & Equipment	87.32M	83.75M	48.91M	62.9M	131.71M	158.22M	148.07M	264.98M	255.84M
Fixed Asset Turnover	0.17x	0.21x	0.32x	0.19x	0.33x	0.39x	0.21x	0.13x	0.17x
Goodwill	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0
Long-Term Investments	0	0	1.25M	1.25M	3.99M	4.91M	4.03M	2.95M	2M
Other Non-Current Assets	53K	130K	10K	10K	10K	10K	10K	10K	10K
Total Assets	91.6M▲ 0%	86.67M▼ 5.4%	55.66M▼ 35.8%	86.44M▲ 55.3%	185.65M▲ 114.8%	225.46M▲ 21.4%	231.4M▲ 2.6%	320.99M▲ 38.7%	288.82M▼ 10.0%
Asset Turnover	0.16x	0.20x	0.28x	0.14x	0.23x	0.27x	0.13x	0.11x	0.15x
Asset Growth %	-2.55%	-5.38%	-35.79%	55.31%	114.77%	21.44%	2.64%	38.71%	-10.02%
Total Current Liabilities	47.55M	43.21M	8.73M	13.06M	12.13M	16.9M	9.5M	34.58M	11.31M
Accounts Payable	4.26M	6.43M	4.74M	4.76M	1.1M	3.55M	362K	3.59M	1.97M
Days Payables Outstanding	92.83	139.1	99.3	117.31	18.59	38.51	4.57	46.36	20.53
Short-Term Debt	41.54M	35.37M	1.2M	5.67M	5.04M	6.8M	6.5M	25.95M	7.98M
Deferred Revenue (Current)	302K	86K	1.97M	285K	2.04M	416K	688K	696K	448K
Other Current Liabilities	0	0	-1.35M	0	92K	0	0	0	913K
Current Ratio	0.09x	0.06x	0.63x	1.71x	4.12x	3.69x	8.35x	1.53x	2.74x
Quick Ratio	0.08x	0.05x	0.45x	1.61x	4.05x	3.51x	8.21x	1.50x	2.54x
Cash Conversion Cycle	-73.94	-112.91	-61.29	-81.79	4.25	-5	24.74	-18.86	8.01
Total Non-Current Liabilities	47.63M	45.62M	37.05M	31.29M	27.11M	37.86M	45.93M	110.01M	101.52M
Long-Term Debt	41.54M	1.5M	36.55M	30.89M	26.44M	37.52M	45.76M	59.27M	101.26M
Capital Lease Obligations	0	0	469K	367K	556K	188K	0	50.55M	0
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	6.1M	918K	26K	31K	114K	148K	171K	191K	253K
Total Liabilities	47.63M	45.62M	45.78M	44.35M	39.23M	54.76M	55.43M	144.59M	112.83M
Total Debt	41.54M	36.87M	38.42M	37.11M	32.39M	44.83M	52.45M	137.95M	109.25M
Net Debt	38.78M	36.82M	36.06M	18.08M	-12.83M	-8M	-21.75M	91.12M	82.54M
Debt / Equity	0.94x	0.90x	3.89x	0.88x	0.22x	0.26x	0.30x	0.78x	0.62x
Debt / EBITDA	24.42x	8.54x	18.66x	-	1.32x	1.32x	3.45x	10.50x	6.46x
Net Debt / EBITDA	22.80x	8.53x	17.51x	-	-0.52x	-0.24x	-1.43x	6.93x	4.88x
Interest Coverage	-1.81x	-	-0.93x	-2.75x	5.50x	10.01x	1.46x	0.55x	0.30x
Total Equity	43.97M▲ 0%	41.05M▼ 6.6%	9.88M▼ 75.9%	42.09M▲ 326.1%	146.42M▲ 247.8%	170.7M▲ 16.6%	175.97M▲ 3.1%	176.4M▲ 0.2%	175.99M▼ 0.2%
Equity Growth %	111.79%	-6.64%	-75.93%	326.1%	247.84%	16.58%	3.09%	0.24%	-0.23%
Book Value per Share	1707.56	1283.94	237.35	43.89	9.89	8.29	8.55	8.57	8.51
Total Shareholders' Equity	43.97M	41.05M	9.88M	42.09M	146.42M	170.7M	175.97M	176.4M	175.99M
Common Stock	126K	13K	21K	12K	82K	82K	82K	82K	86K
Retained Earnings	-95.73M	-99.3M	-135.65M	-153.02M	-138.07M	-113.79M	-108.52M	-108.09M	-109.83M
Treasury Stock	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	-102.66M	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0

GLBS Cash Flow Statement

Globus Maritime Limited (GLBS) cash flow — operating, investing & free cash flow history

Line item	Dec'17	Dec'18	Dec'19	Dec'20	Dec'21	Dec'22	Dec'23	Dec'24	Dec'25
Cash from Operations	631K	3.85M	213K	-6.24M	20.75M	26.91M	-4.46M	11.29M	5.58M
Operating CF Margin %	4.38%	22.19%	1.36%	-53.12%	47.83%	43.57%	-14.28%	32.36%	12.63%
Operating CF Growth %	117.53%	510.3%	-94.47%	-3030.99%	432.37%	29.67%	-116.56%	353.31%	-50.52%
Net Income	-6.47M	-3.57M	-36.35M	-17.37M	14.95M	24.28M	5.27M	431K	-1.75M
Depreciation & Amortization	5.72M	5.77M	6.42M	3.73M	6.66M	10.25M	8.91M	9.74M	14.53M
Stock-Based Compensation	30K	50K	40K	40K	40K	0	0	0	0
Deferred Taxes	185K	55K	27.88M	6.39M	-185K	0	0	0	0
Other Non-Cash Items	1.81M	852K	3.79M	1.48M	-410K	-3.56M	-17.71M	-1.23M	-5.43M
Working Capital Changes	-631K	695K	-1.58M	-508K	-306K	-4.06M	-930K	2.34M	-1.76M
Change in Receivables	66K	-400K	337K	87K	-850K	894K	-1.04M	37K	460K
Change in Inventory	-145K	11K	-895K	297K	396K	-2.18M	1.77M	30K	-991K
Change in Payables	-499K	1.3M	-1.01M	89K	-1.92M	2.72M	-3.38M	2.94M	-1.46M
Cash from Investing	-263K	-126K	-20K	-18.54M	-71.96M	-29.01M	18.46M	-98.92M	-18.49M
Capital Expenditures	-266K	-126K	-67K	-18.56M	-71.97M	-29.38M	-19.27M	-113.19M	-7.85M
CapEx % of Revenue	1.84%	0.73%	0.43%	157.9%	165.9%	47.58%	61.76%	324.59%	17.76%
Acquisitions	0	0	0	0	0	0	0	0	8.36M
Investments	-	-	-	-	-	-	-	-	-
Other Investing	3K	0	47K	16K	8K	375K	37.73M	14.26M	-19M
Cash from Financing	2.23M	-6.43M	2.13M	41.46M	77.39M	9.72M	7.37M	60.27M	-7.68M
Debt Issued (Net)	-4.12M	-4M	8.01M	-3.2M	-5.49M	12.34M	8.24M	66.08M	-8.71M
Equity Issued (Net)	1000K	600K	0	1000K	1000K	0	0	0	0
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	0	0	0	0	0	0	0	0	0
Other Financing	-3.31M	-3.04M	-5.88M	-4.66M	-6.7M	-2.62M	-880K	-5.81M	1.03M
Net Change in Cash	2.59M▲ 0%	-2.71M▼ 204.5%	2.32M▲ 185.6%	16.67M▲ 618.6%	26.18M▲ 57.0%	7.62M▼ 70.9%	21.37M▲ 180.4%	-27.36M▼ 228.1%	-21.18M▲ 22.6%
Free Cash Flow	365K▲ 0%	3.73M▲ 920.5%	146K▼ 96.1%	-24.8M▼ 17087.0%	-51.22M▼ 106.5%	-2.48M▲ 95.2%	-23.73M▼ 857.9%	-101.9M▼ 329.5%	-2.27M▲ 97.8%
FCF Margin %	2.53%	21.46%	0.93%	-211.02%	-118.07%	-4.01%	-76.04%	-292.23%	-5.12%
FCF Growth %	110.09%	920.55%	-96.08%	-17086.99%	-106.52%	95.16%	-857.89%	-329.47%	97.78%
FCF per Share	14.18	116.51	3.51	-25.86	-3.46	-0.12	-1.15	-4.95	-0.11
FCF Conversion (FCF/Net Income)	-0.10x	-1.08x	-0.01x	0.36x	1.39x	1.11x	-0.85x	26.18x	-3.20x
Interest Paid	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0

GLBS Key Ratios

Globus Maritime Limited (GLBS) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-38.31%	-20.01%	-8.39%	-142.75%	-66.85%	15.86%	15.31%	3.04%	0.24%	-0.99%
Return on Invested Capital (ROIC)	-5.62%	-3.57%	-1.35%	-5.29%	-16.15%	13.89%	11.96%	2.97%	1.21%	0.68%
Gross Margin	-77.18%	-16.09%	2.73%	-11.41%	-25.96%	50.22%	45.54%	7.27%	18.96%	20.88%
Net Margin	-108.95%	-44.89%	-20.56%	-232.68%	-147.81%	34.46%	39.32%	16.89%	1.24%	-3.95%
Debt / Equity	3.16x	0.94x	0.90x	3.89x	0.88x	0.22x	0.26x	0.30x	0.78x	0.62x
Interest Coverage	-2.70x	-1.81x	-	-0.93x	-2.75x	5.50x	10.01x	1.46x	0.55x	0.30x
FCF Conversion	0.37x	-0.10x	-1.08x	-0.01x	0.36x	1.39x	1.11x	-0.85x	26.18x	-3.20x
Revenue Growth	-29.08%	59.94%	20.32%	-9.97%	-24.77%	269.11%	42.35%	-49.47%	11.74%	26.77%

GLBS Frequently Asked Questions

Globus Maritime Limited (GLBS) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Globus Maritime Limited (GLBS) reported $44.2M in revenue for fiscal year 2025. This represents a 55% decrease from $98.6M in 2008.

Globus Maritime Limited (GLBS) grew revenue by 26.8% over the past year. This is strong growth.

Globus Maritime Limited (GLBS) reported a net loss of $1.7M for fiscal year 2025.

Dividend & Returns

Globus Maritime Limited (GLBS) has a return on equity (ROE) of -1.0%. Negative ROE indicates the company is unprofitable.

Globus Maritime Limited (GLBS) generated $2.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More GLBS

Globus Maritime Limited (GLBS) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

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Dividend History

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Earnings History

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Price History

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Revenue History

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Financial Ratios

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Valuation

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