The company maintained stable performance in its financial results at the nine-month and quarterly level.
Specifically, charter revenues amounted to $643 million in the nine months of 2025 compared to $646 million in the corresponding period of 2024, while in the quarter they were $216 million, down from $219 million last year.
Revenues from ship sale & leaseback agreements amounted to $22 million, strengthened against the $18 million in 2024.
At the quarterly level, the leaseback was $9 million compared to $6 million in 2024.
Net profits from continuing activities were $317 million in the nine-month period (versus $313 million last year), while in the third quarter they amounted to $99 million, compared to $111 million in the corresponding period of 2024.
Mr. Gregory Zikos, Chief Financial Officer of Costamare, noted that following the spin-off of Costamare Bulkers Holdings, the listed company remains the sole owner of the containership fleet, as well as the majority shareholder of Neptune Maritime Leasing, the leasing finance platform specializing in financing maritime assets, such as ships and maritime equipment, which – as he mentioned – is recording significant growth.
Regarding investments, he announced that the company exercised the option for two additional 3,100 TEU vessels, with delivery in 2028 and 8-year charters with a top-tier charterer.
Concurrently, 8 additional vessels were committed with forward-starting charters, which increased the undelivered contract backlog by over $310 million.
The CFO emphasized that the reduction of the idle fleet below 1%, stable demand, and the limited supply of vessels are keeping the charter market “on a healthy track,” while he commented positively on the improvement in US-China trade relations and the delay in imposing new port duties.
Referring to the Neptune Maritime Leasing leasing platform, he underlined that 50 maritime assets have been financed or are under commitment, with total investments and commitments exceeding $650 million, confirming the company’s upgrade as a significant player in shipping finance.
Costamare continues to strengthen the exposure and stability of its fleet in the container shipping sector, securing high utilization levels and significant revenue visibility for the coming years.
According to the company’s data, 100% of its fleet for 2025 and 80% for 2026 already have secured employment, confirming its dynamic position in the sector.
Concurrently, the company has strengthened its portfolio with new charter contracts with a total value of over $310 million, which resulted from forward agreements for seven containerships with durations of 12 to 38 months, the employment of the recently acquired Maersk Puelo, and 8-year charter contracts for the two additional newbuilding vessels, which were added to the company’s newbuilding program.
With the above, Costamare’s contracted revenues amount to approximately $2.6 billion, with a weighted average charter duration reaching 3.2 years per TEU, providing strong cash flow visibility and significant long-term coverage of the fleet’s capacity.
Costamare is also strengthening its position in the shipping finance sector, through the Neptune Maritime Leasing (NML) platform, in which it maintains a controlling participation.
The company’s total investment in NML amounts to $182.2 million.
dol., representing 91.1% of its committed capital in this specific activity.
The platform continues to develop dynamically, having financed or committed a total of 50 shipping assets, with investments exceeding 650 million dollars.
Management points out that Neptune Maritime Leasing is based on a healthy and diversified portfolio, reinforcing Costamare’s strategic role in the field of shipping finance leases.
Costamare proceeded with signing contracts for the construction of two additional container carrier vessels with a capacity of 3,100 TEUs with a Chinese shipyard, increasing the total number of its new orders in this category to six.
The new vessels are expected to be delivered in the first quarter of 2028, and immediately after their delivery they will commence an 8-year chartered contract with a leading liner operator.
