Costamare reports 2025 adjusted net income of $375.6M

Costamare (NYSE:CMRE), a leading international owner and operator of containerships, reported strong full-year 2025 results from continuing operations following the May 6, 2025 spin-off of its dry bulk business, which is now presented as discontinued operations.

The company highlighted robust contracted revenue visibility, high fleet employment rates, and significant liquidity to support ongoing capital allocation and growth in its core containership segment.

Adjusted net income from continuing operations for 2025 totaled $375.6 million, or $3.12 per diluted share.

Year-end liquidity stood at $589.6 million, providing substantial financial flexibility amid a favorable containership market environment characterized by elevated charter rates and strong demand for mid-to-large-sized vessels.

During the year, Costamare secured $940 million of incremental contracted containership revenues through 12 forward fixtures, bringing total contracted containership revenues to $3.4 billion with a TEU-weighted average remaining duration of 4.5 years.

The containership fleet employment stands at 96% for 2026 and 92% for 2027.

The company also increased its commitment to Neptune Maritime Leasing, its joint venture focused on mid-sized containership chartering, to $247.8 million, reflecting confidence in the segment's return profile and potential for further fleet and revenue expansion.