Globus Maritime Limited Financials
Globus Maritime Limited (GLBS) reported $44.2M in revenue for fiscal year 2025, up 26.8% from the prior fiscal year. This page shows its 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).
Cash flow is governed more by the capital-spending cycle than by earnings, making FY2025 a balance-sheet reset.
FY2025's net loss of-$1.7M came with operating cash flow of$11.4M , showing that accounting profit and cash generation were moving in different directions. That gap matters more beside FY2024, when free cash flow was-$93.8M ; the swing to$11.4M in FY2025 looks less like a profit recovery than the end of an unusually heavy reinvestment year.
The liquidity picture improved even as cash shrank: current ratio rose from 1.5x to 2.7x, so near-term flexibility got better. That improvement came from lower current liabilities, which fell to
The balance sheet remains equity-funded: long-term debt was
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Globus Maritime Limited's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Globus Maritime Limited, and counted as zero in the overall score.
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 81/100.
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 90/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.74, Globus Maritime Limited holds $2.74 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 73/100.
Globus Maritime Limited's free cash flow margin of 25.7% results in a low score of 8/100. Capital expenditures of $0 absorb a large share of operating cash flow.
Not available for Globus Maritime Limited, and counted as zero in the overall score.
Globus Maritime Limited passes 5 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
Globus Maritime Limited reported a net loss of $1.7M while generating $11.4M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Globus Maritime Limited generated $44.2M in revenue in fiscal year 2025. This represents an increase of 26.8% from the prior year.
Globus Maritime Limited reported -$1.7M in net income in fiscal year 2025. This represents a decrease of 505.3% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
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.
Globus Maritime Limited held $26.3M in cash against $0 in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
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.
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.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Globus Maritime Limited reported no capital expenditure in fiscal year 2025. This represents a decrease of 100.0% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
GLBS Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $44.2M+26.8% | $34.9M+11.7% | $31.2M-49.5% | $61.8M+42.4% | $43.4M+269.1% | $11.8M-24.8% | $15.6M-10.0% | $17.4M+25.0% | $13.9M+59.6% | $8.7M-31.6% | $12.7M |
| Interest Expense | $44K+2.3% | $43K+53.6% | $28K-48.1% | $54K+3.8% | $52K+18.2% | $44K-13.7% | $51K | $0 | $0 | 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+52.2% | -$36.4M-918.8% | -$3.6M+44.9% | -$6.5M+34.1% | -$9.8M+69.7% | -$32.4M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, Income Tax, EPS (Diluted).
GLBS Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $288.8M-10.0% | $321.0M+38.7% | $231.4M+2.6% | $225.5M+21.4% | $185.7M+114.8% | $86.4M+55.3% | $55.7M-35.8% | $86.7M-5.4% | $91.6M-2.5% | $94.0M | N/A |
| Current Assets | $31.0M-41.6% | $53.0M-33.1% | $79.3M+27.2% | $62.3M+24.8% | $49.9M+124.1% | $22.3M+305.9% | $5.5M+96.5% | $2.8M-33.9% | $4.2M+96.8% | $2.1M | N/A |
| Cash & Equivalents | $26.3M-43.9% | $46.8M-36.9% | $74.2M+40.4% | $52.8M+16.9% | $45.2M+137.5% | $19.0M+704.6% | $2.4M+5043.5% | $46K-98.3% | $2.8M+1590.8% | $163K-91.9% | $2.0M |
| Inventory | $2.2M+80.8% | $1.2M-2.4% | $1.3M-58.5% | $3.0M+255.4% | $852K-31.7% | $1.2M-19.2% | $1.5M+137.7% | $650K-1.7% | $661K+28.1% | $516K | N/A |
| Accounts Receivable | $654K-41.3% | $1.1M-3.2% | $1.2M+956.0% | $109K-89.1% | $1.0M+555.6% | $153K-36.3% | $240K-58.4% | $577K+226.0% | $177K-27.2% | $243K | 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-3.1% | $45.8M+0.3% | $45.6M-4.2% | $47.6M-35.0% | $73.2M | N/A |
| Current Liabilities | $11.3M-67.3% | $34.6M+264.0% | $9.5M-43.8% | $16.9M+39.4% | $12.1M-7.2% | $13.1M+49.6% | $8.7M-79.8% | $43.2M-9.1% | $47.6M+52.7% | $31.1M | N/A |
| Long-Term Debt | $0-100.0% | $531K | $0-100.0% | $188K-66.2% | $556K+51.5% | $367K-21.7% | $469K | $0-100.0% | $41.5M-36.7% | $65.6M | N/A |
| Total Equity | $176.0M-0.2% | $176.4M+0.2% | $176.0M+3.1% | $170.7M+16.6% | $146.4M+247.8% | $42.1M+326.1% | $9.9M-75.9% | $41.0M-6.6% | $44.0M+111.8% | $20.8M-32.0% | $30.5M |
| Retained Earnings | -$109.8M-1.6% | -$108.1M+0.4% | -$108.5M+4.6% | -$113.8M+17.6% | -$138.1M+9.8% | -$153.0M-12.8% | -$135.6M-36.6% | -$99.3M-3.7% | -$95.7M-7.3% | -$89.3M | N/A |
Not reported in any period shown, so not listed: Goodwill.
GLBS Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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-3031.0% | $213K-94.5% | $3.9M+510.3% | $631K+117.5% | -$3.6M-5900.0% | -$60K |
| Capital Expenditures | $0-100.0% | $105.1M | $0 | $0-100.0% | $71.6M+132492.6% | $54K0.0% | $54K+107.7% | $26K-89.4% | $245K | $0 | $0 |
| 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-4060.4% | $159K-95.8% | $3.8M+890.9% | $386K+110.7% | -$3.6M-5900.0% | -$60K |
| 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-92610.0% | -$20K+84.1% | -$126K+52.1% | -$263K-172.7% | $362K-93.2% | $5.4M |
| 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+1849.0% | $2.1M+133.1% | -$6.4M-389.2% | $2.2M+59.4% | $1.4M+116.7% | -$8.4M |
| Dividends Paid | N/A | N/A | N/A | $0 | $0 | $0 | $0 | $0 | $0-100.0% | $14K-97.2% | $505K |
Not reported in any period shown, so not listed: Share Buybacks.
GLBS Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | -4.0%-5.2pp | 1.2%-15.7pp | 16.9%-22.4pp | 39.3%+4.9pp | 34.5% | -147.8% | -232.7% | -20.6%+26.1pp | -46.6% | -112.9% | -254.8% |
| 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%+326.7pp | -368.0%-359.3pp | -8.7%+6.0pp | -14.7%+32.6pp | -47.3%+58.8pp | -106.1% |
| 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%+45.2pp | -65.3%-61.2pp | -4.1%+2.9pp | -7.1%+3.4pp | -10.4% | N/A |
| Current Ratio | 2.74+1.2x | 1.53-6.8x | 8.35+4.7x | 3.69-0.4x | 4.12+2.4x | 1.71+1.1x | 0.63+0.6x | 0.060.0x | 0.090.0x | 0.07 | N/A |
| Debt-to-Equity | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.000.0x | 0.010.0x | 0.050.0x | 0.00-0.9x | 0.94-2.2x | 3.16 | N/A |
| FCF Margin | 25.7% | -269.0% | -14.3%-57.9pp | 43.6% | -117.2% | -53.6%-54.6pp | 1.0%-21.0pp | 22.0%+19.3pp | 2.8%+44.1pp | -41.4%-40.9pp | -0.5% |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Net Margin, FCF Margin.
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Where Globus Maritime Limited Ranks
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) reported no capital expenditure during 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 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $1.7M while generating $11.4M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 42 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.