Costamare FY 2025 voyage expenses rise 101.6% to USD 52.0 million

Reuters03-05
<a href="https://laohu8.com/S/CMRE">Costamare</a> FY 2025 voyage expenses rise 101.6% to USD 52.0 million

Costamare reported FY 2025 results from continuing operations with total revenues of USD 877.9 million (vs. USD 888.5 million in FY 2024), including voyage revenue of USD 846.7 million (down 2.1%) and income from investments in leaseback vessels of USD 31.2 million (up 30.5%). Net income from continuing operations was USD 396.5 million (vs. USD 407.3 million), while net income was USD 369.0 million (vs. USD 316.3 million); net income available to common stockholders was USD 343.7 million (vs. USD 290.7 million). Operating income was USD 456.2 million (vs. USD 489.7 million). Net cash provided by operating activities from continuing operations was USD 536.9 million (vs. USD 586.9 million), and cash, cash equivalents and restricted cash totaled USD 570.3 million at December 31, 2025. For FY 2025, voyage expenses were USD 52.0 million (up 101.6%), driven by EU ETS allowances and FuelEU Maritime-related costs, which the company said are significantly reimbursed by charterers; vessels’ operating expenses were USD 162.5 million (up 2.9%). Interest and finance costs were USD 91.4 million (down 16.6%), which Costamare attributed to a lower average loan balance and reduced SOFR rates. Business updates included the May 6, 2025 spin-off, after which the dry bulk business is reported as discontinued operations, and the acquisition of the secondhand 6,541 TEU containership Maersk Puelo in Q3 2025. As of February 24, 2026, Costamare had a fleet of 79 containerships totaling about 551,000 TEU, including 10 vessels under construction, with an average remaining charter duration of about 4.4 years and USD 3.6 billion of contracted revenue (assuming earliest redelivery dates). Fleet utilization was 99.6% in FY 2025 (vs. 99.8% in FY 2024 and 99.0% in FY 2023).

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Costamare Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-26-007868), on March 04, 2026, and is solely responsible for the information contained therein.

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