Globus Maritime Limited (GML) is an international dry bulk shipping firm that specializes in providing worldwide marine transportation services. The company owns, ...
Globus Maritime Limited (NASDAQ: GLBS) is an Athens, Greece-based provider of marine transportation services focused on the dry bulk segment. The company’s core business is the ownership and operation of dry bulk carriers used to transport commodities and raw materials such as iron ore, coal, grain, steel products, cement, alumina, ...Globus Maritime Limited (NASDAQ: GLBS) is an Athens, Greece-based provider of marine transportation services focused on the dry bulk segment. The company’s core business is the ownership and operation of dry bulk carriers used to transport commodities and raw materials such as iron ore, coal, grain, steel products, cement, alumina, and other bulk cargoes. Revenue is primarily generated through the chartering of vessels—earning returns by matching ships to customer demand (e.g., charterers/trading firms and other maritime counterparties) rather than selling a discrete manufactured product.
From an operating perspective, the “product” of the company is the availability of tonnage and shipping capacity over time. Globus’s business model centers on managing and deploying its fleet efficiently, including vessel operation, commercial employment (charters to customers), and ongoing fleet support activities required to keep ships compliant and ready for service. The company’s descriptions indicate it owns, manages, and operates dry bulk vessels and charters them to diverse clients such as maritime operators, trading firms, other shipping companies, producers, and government-owned organizations.
Cost structure in dry bulk shipping is typically dominated by vessel-related operating and ownership expenses. These include (but are not limited to) crew and management costs, maintenance and repairs (including dry-docking and classification/inspection-related expenses), insurance, fuel (which is often a major variable cost depending on voyage profile and charter terms), port and canal fees, and overhead costs associated with fleet management and administrative functions. Capital expenditures and financing costs are also critical considerations because ships require significant upfront investment and periodic upgrades. While specific BOM-style line items are not provided in the supplied data, the company’s long-lived asset base (vessels) implies material recurring and non-recurring costs tied to vessel utilization and regulatory/technical requirements.
Financially, the market valuation and leverage metrics in the provided dataset suggest the company is a small-cap shipping operator where earnings and cash flow can be sensitive to freight conditions and vessel utilization. Dry bulk markets are often cyclical, and profitability can vary with charter rates, operating costs (especially fuel), and the timing of vessel employment.
Key people and governance context: the CEO is Athanasios K. Feidakis, and the company’s founder and non-executive Chairman is Georgios (“George”) Feidakis (noted as the founder and Chairman since inception). This indicates the company’s leadership has deep roots in the shipping business.
Overall, Globus Maritime’s strategy is aligned with maintaining and employing its dry bulk fleet to serve global commodity transportation needs while managing the capital intensity and operational risks inherent in maritime shipping.
YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength.
QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes.
RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three).
$44.2M
+26.8%
+19.3%
Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day.
$-1.7M
-505.3%
+270.9%
Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials.
+20.9%
+10.1%
+17.3%
Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on).
+5.4%
+25.5%
+110.1%
Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales.
-4.0%
-419.7%
+210.9%
Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock.
$-2.3M
+97.8%
+11.5%
FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine.
-5.1%
+98.2%
-6.5%
Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe.
62.1%
-20.6%
-4.0%
Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking.
2.74x
+78.5%
+4.6%
Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground.