Globus Maritime Limited Financials

GLBS

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Globus Maritime Limited (GLBS) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 11 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 66/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

Globus Maritime Limited's revenue surged 26.8% year-over-year to $44.2M, reflecting rapid business expansion. This strong growth earns a score of 78/100.

Leverage

100

Globus Maritime Limited carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Globus Maritime Limited's current ratio of 2.74 indicates adequate short-term liquidity, earning a score of 52/100. The company can meet its near-term obligations, though with limited headroom.

Cash Flow

Globus Maritime Limited converts 25.7% of revenue into free cash flow ($11.4M). This strong cash generation earns a score of 89/100.

Returns

Globus Maritime Limited generates a -1.0% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 9/100. This is down from 0.2% the prior year.

Piotroski F-Score Neutral

5/9

Globus Maritime Limited passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Mixed

-6.51x

For every $1 of reported earnings, Globus Maritime Limited generates $-6.51 in operating cash flow ($11.4M OCF vs -$1.7M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$44.2M

YoY+26.8%

5Y CAGR+30.3%

10Y CAGR+13.3%

Globus Maritime Limited generated $44.2M in revenue in fiscal year 2025. This represents an increase of 26.8% from the prior year.

EBITDA

N/A

Net Income

-$1.7M

YoY-505.3%

Globus Maritime Limited reported -$1.7M in net income in fiscal year 2025. This represents a decrease of 505.3% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$11.4M

YoY+112.1%

Globus Maritime Limited generated $11.4M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 112.1% from the prior year.

Cash & Debt

$26.3M

YoY-43.9%

5Y CAGR+6.6%

10Y CAGR+29.3%

Globus Maritime Limited held $26.3M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

22M

YoY+4.9%

5Y CAGR+48.0%

Globus Maritime Limited had 22M shares outstanding in fiscal year 2025. This represents an increase of 4.9% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-4.0%

YoY-5.2pp

5Y CAGR+143.9pp

10Y CAGR+250.8pp

Globus Maritime Limited's net profit margin was -4.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 5.2 percentage points from the prior year.

Return on Equity

-1.0%

YoY-1.2pp

5Y CAGR+40.3pp

10Y CAGR+105.1pp

Globus Maritime Limited's ROE was -1.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 1.2 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

YoY-100.0%

Globus Maritime Limited invested $0 in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 100.0% from the prior year.

GLBS Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$44.2M+26.8%	$34.9M+11.7%	$31.2M-49.5%	$61.8M+42.4%	$43.4M+269.1%	$11.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$44K+2.3%	$43K+53.6%	$28K-48.1%	$54K+3.8%	$52K+18.2%	$44K
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$1.7M-505.3%	$431K-91.8%	$5.3M-78.3%	$24.3M+62.4%	$14.9M+186.1%	-$17.4M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Revenue	N/A	$9.5M	N/A	$9.5M	N/A	$7.8M	N/A	$19.1M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	N/A	-$1.9M	N/A	$3.3M	N/A	-$1.2M	N/A	$11.0M
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

GLBS Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$288.8M-10.0%	$321.0M+38.7%	$231.4M+2.6%	$225.5M+21.4%	$185.7M+114.8%	$86.4M
Current Assets	$31.0M-41.6%	$53.0M-33.1%	$79.3M+27.2%	$62.3M+24.8%	$49.9M+124.1%	$22.3M
Cash & Equivalents	$26.3M-43.9%	$46.8M-36.9%	$74.2M+40.4%	$52.8M+16.9%	$45.2M+137.5%	$19.0M
Inventory	$2.2M+80.8%	$1.2M-2.4%	$1.3M-58.5%	$3.0M+255.4%	$852K-31.7%	$1.2M
Accounts Receivable	$654K-41.3%	$1.1M-3.2%	$1.2M+956.0%	$109K-89.1%	$1.0M+555.6%	$153K
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$112.8M-22.0%	$144.6M+160.8%	$55.4M+1.2%	$54.8M+39.6%	$39.2M-11.5%	$44.3M
Current Liabilities	$11.3M-67.3%	$34.6M+264.0%	$9.5M-43.8%	$16.9M+39.4%	$12.1M-7.2%	$13.1M
Long-Term Debt	$0-100.0%	$531K	$0-100.0%	$188K-66.2%	$556K+51.5%	$367K
Total Equity	$176.0M-0.2%	$176.4M+0.2%	$176.0M+3.1%	$170.7M+16.6%	$146.4M+247.8%	$42.1M
Retained Earnings	-$109.8M-1.6%	-$108.1M+0.4%	-$108.5M+4.6%	-$113.8M+17.6%	-$138.1M+9.8%	-$153.0M

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Total Assets	$288.8M-6.6%	$309.4M-3.6%	$321.0M+25.2%	$256.3M+10.8%	$231.4M+6.5%	$217.3M-3.6%	$225.5M+9.3%	$206.2M
Current Assets	$31.0M-43.3%	$54.6M+2.9%	$53.0M-39.7%	$87.9M+10.9%	$79.3M+31.8%	$60.1M-3.5%	$62.3M+17.5%	$53.1M
Cash & Equivalents	$26.3M-45.7%	$48.3M+3.2%	$46.8M-33.8%	$70.8M-4.6%	$74.2M+39.4%	$53.2M+0.8%	$52.8M+21.1%	$43.6M
Inventory	$2.2M+60.1%	$1.4M+13.0%	$1.2M+43.2%	$856K-31.8%	$1.3M-44.7%	$2.3M-25.0%	$3.0M+115.2%	$1.4M
Accounts Receivable	$654K-57.0%	$1.5M+36.4%	$1.1M+894.6%	$112K-90.3%	$1.2M+88.4%	$611K+460.6%	$109K-94.9%	$2.2M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$112.8M-17.2%	$136.3M-5.7%	$144.6M+86.9%	$77.4M+39.6%	$55.4M+22.6%	$45.2M-17.5%	$54.8M+49.1%	$36.7M
Current Liabilities	$11.3M-64.3%	$31.7M-8.4%	$34.6M+188.3%	$12.0M+26.2%	$9.5M-29.8%	$13.5M-19.9%	$16.9M+38.3%	$12.2M
Long-Term Debt	$0-100.0%	$371K-30.1%	$531K	$0	$0-100.0%	$27K-85.6%	$188K-52.5%	$396K
Total Equity	$176.0M+1.7%	$173.1M-1.9%	$176.4M-1.4%	$178.9M+1.7%	$176.0M+2.2%	$172.1M+0.8%	$170.7M+0.7%	$169.5M
Retained Earnings	-$109.8M+1.4%	-$111.4M-3.1%	-$108.1M-2.4%	-$105.5M+2.7%	-$108.5M+3.4%	-$112.4M+1.3%	-$113.8M+1.0%	-$115.0M

GLBS Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$11.4M+0.7%	$11.3M+353.3%	-$4.5M-116.6%	$26.9M+29.7%	$20.8M+432.4%	-$6.2M
Capital Expenditures	$0-100.0%	$105.1M	$0	$0-100.0%	$71.6M+132492.6%	$54K
Free Cash Flow	$11.4M+112.1%	-$93.8M-2005.6%	-$4.5M-116.6%	$26.9M+152.9%	-$50.9M-707.5%	-$6.3M
Investing Cash Flow	-$17.0M+82.9%	-$98.9M-635.9%	$18.5M+163.6%	-$29.0M+59.7%	-$72.0M-288.1%	-$18.5M
Financing Cash Flow	-$15.0M-124.9%	$60.3M+718.3%	$7.4M-24.2%	$9.7M-87.4%	$77.4M+86.7%	$41.5M
Dividends Paid	N/A	N/A	N/A	$0	$0	$0
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Operating Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Financing Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

GLBS Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-4.0%-5.2pp	1.2%-15.7pp	16.9%-22.4pp	39.3%+4.9pp	34.5%+182.3pp	-147.8%
Return on Equity	-1.0%-1.2pp	0.2%-2.8pp	3.0%-11.2pp	14.2%+4.0pp	10.2%+51.5pp	-41.3%
Return on Assets	-0.6%-0.7pp	0.1%-2.2pp	2.3%-8.5pp	10.8%+2.7pp	8.1%+28.2pp	-20.1%
Current Ratio	2.74+1.2	1.53-6.8	8.35+4.7	3.69-0.4	4.12+2.4	1.71
Debt-to-Equity	0.000.0	0.000.0	0.000.0	0.000.0	0.000.0	0.01
FCF Margin	25.7%+294.7pp	-269.0%-254.7pp	-14.3%-57.9pp	43.6%+160.8pp	-117.2%-63.6pp	-53.6%

Metric	Q4'25	Q2'25	Q4'24	Q2'24	Q4'23	Q2'23	Q4'22	Q2'22
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	N/A	-19.6%	N/A	34.5%	N/A	-14.8%	N/A	57.5%
Return on Equity	N/A	-1.1%	N/A	1.8%	N/A	-0.7%	N/A	6.5%
Return on Assets	N/A	-0.6%	N/A	1.3%	N/A	-0.5%	N/A	5.3%
Current Ratio	2.74+1.0	1.72+0.2	1.53-5.8	7.33-1.0	8.35+3.9	4.44+0.8	3.69-0.7	4.34
Debt-to-Equity	0.000.0	0.000.0	0.000.0	0.000.0	0.000.0	0.000.0	0.000.0	0.00
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is Globus Maritime Limited's annual revenue?

Globus Maritime Limited (GLBS) reported $44.2M in total revenue for fiscal year 2025. This represents a 26.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Globus Maritime Limited's revenue growing?

Globus Maritime Limited (GLBS) revenue grew by 26.8% year-over-year, from $34.9M to $44.2M in fiscal year 2025.

Is Globus Maritime Limited profitable?

No, Globus Maritime Limited (GLBS) reported a net income of -$1.7M in fiscal year 2025, with a net profit margin of -4.0%.

How much debt does Globus Maritime Limited have?

As of fiscal year 2025, Globus Maritime Limited (GLBS) had $26.3M in cash and equivalents against $0 in long-term debt.

What is Globus Maritime Limited's net profit margin?

Globus Maritime Limited (GLBS) had a net profit margin of -4.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Globus Maritime Limited's return on equity (ROE)?

Globus Maritime Limited (GLBS) has a return on equity of -1.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Globus Maritime Limited's free cash flow?

Globus Maritime Limited (GLBS) generated $11.4M in free cash flow during fiscal year 2025. This represents a 112.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Globus Maritime Limited's operating cash flow?

Globus Maritime Limited (GLBS) generated $11.4M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Globus Maritime Limited's total assets?

Globus Maritime Limited (GLBS) had $288.8M in total assets as of fiscal year 2025, including both current and long-term assets.

What are Globus Maritime Limited's capital expenditures?

Globus Maritime Limited (GLBS) invested $0 in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How many shares does Globus Maritime Limited have outstanding?

Globus Maritime Limited (GLBS) had 22M shares outstanding as of fiscal year 2025.

What is Globus Maritime Limited's current ratio?

Globus Maritime Limited (GLBS) had a current ratio of 2.74 as of fiscal year 2025, which is generally considered healthy.

What is Globus Maritime Limited's debt-to-equity ratio?

Globus Maritime Limited (GLBS) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Globus Maritime Limited's return on assets (ROA)?

Globus Maritime Limited (GLBS) had a return on assets of -0.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Globus Maritime Limited's Piotroski F-Score?

Globus Maritime Limited (GLBS) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Globus Maritime Limited's earnings high quality?

Globus Maritime Limited (GLBS) has an earnings quality ratio of -6.51x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Globus Maritime Limited?

Globus Maritime Limited (GLBS) scores 66 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.