Globus Maritime Ltd
GLBS Nasdaq Deep Sea Foreign Transportation Of Freight Financials FY2016โFY2025
Revenue
Total sales reported in the income statement.
$44.2M
26.8%
vs prior year
Operating margin
Operating income as a share of revenue.
10.2%
0.5ย pts
Net income
Profit after all expenses, interest and tax.
โ$1.7M
505.3%
Free cash flow
Cash from operations minus capital spending.
$11.4M
Return on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
1.7%
0.3ย pts
Market cap
Last close times the latest diluted share count, so it is approximate.
โ
P/E
Last close divided by diluted earnings per share over the last four quarters.
โ
On โ$0.08 EPS (TTM)
What Globus Maritime Ltd does
No business description yet.
- Legal name
- GLOBUS MARITIME LTD
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 20-F ยท Mar 16, 2026
- Accession ยท CIK
- 0001104659-26-028476
0001499780
Revenue and margins
Globus Maritime Ltd had $44.2M of revenue in fiscal 2025, up 26.8% on the year before.
FY16
Revenue $8.7M
FY17
Revenue $13.9M
FY18
Revenue $17.4M
FY19
Revenue $15.6M
FY20
Revenue $11.8M
FY21
Revenue $43.4M
FY22
Revenue $61.8M
FY23
Revenue $31.2M
FY24
Revenue $34.9M
FY25
Revenue $44.2M
Q2 '22
Revenue $19.1M
Q2 '23
Revenue $7.8M
Q2 '24
Revenue $9.5M
Q2 '25
Revenue $9.5M
FY16
Gross โ
Operating โ83.1%
Net โ112.9%
FCF โ41.4%
FY17
Gross โ
Operating โ28.9%
Net โ46.6%
FCF 2.8%
FY18
Gross โ
Operating โ8.3%
Net โ20.6%
FCF 22.0%
FY19
Gross โ
Operating โ215.4%
Net โ232.7%
FCF 1.0%
FY20
Gross โ
Operating โ97.2%
Net โ147.8%
FCF โ53.6%
FY21
Gross โ
Operating 41.4%
Net 34.5%
FCF โ117.2%
FY22
Gross โ
Operating 38.3%
Net 39.3%
FCF 43.6%
FY23
Gross โ
Operating 20.1%
Net 16.9%
FCF โ14.3%
FY24
Gross โ
Operating 9.7%
Net 1.2%
FCF โ269.0%
FY25
Gross โ
Operating 10.2%
Net โ4.0%
FCF 25.7%
Gross
Operating
Net
FCF
Q2 '22
Gross โ
Operating 57.8%
Net 57.5%
FCF โ
Q2 '23
Gross โ
Operating โ17.2%
Net โ14.8%
FCF โ
Q2 '24
Gross โ
Operating 39.2%
Net 34.5%
FCF โ
Q2 '25
Gross โ
Operating โ4.3%
Net โ19.6%
FCF โ
Gross
Operating
Net
FCF
Net income and earnings per share
Loss periods are shown in red.
FY16
Net income โ$9.8M
FY17
Net income โ$6.5M
FY18
Net income โ$3.6M
FY19
Net income โ$36.4M
FY20
Net income โ$17.4M
FY21
Net income $15.0M
FY22
Net income $24.3M
FY23
Net income $5.3M
FY24
Net income $0.4M
FY25
Net income โ$1.7M
Q2 '22
Net income $11.0M
Q2 '23
Net income โ$1.2M
Q2 '24
Net income $3.3M
Q2 '25
Net income โ$1.9M
FY16
Diluted EPS โ$37.73
FY17
Diluted EPS โ$2.51
FY18
Diluted EPS โ$111.60
FY19
Diluted EPS โ$873.36
FY20
Diluted EPS โ$18.11
FY21
Diluted EPS $1.01
FY22
Diluted EPS $1.18
FY23
Diluted EPS $0.26
FY24
Diluted EPS $0.02
FY25
Diluted EPS โ$0.08
Q2 '22
Diluted EPS $0.53
Q2 '23
Diluted EPS โ$0.06
Q2 '24
Diluted EPS $0.16
Q2 '25
Diluted EPS โ$0.09
Returns on capital
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
FY16
Return on capital โ6.6%
Return on equity โ47.3%
Return on assets โ10.5%
FY17
Return on capital โ3.8%
Return on equity โ20.0%
Return on assets โ7.0%
FY18
Return on capital โ1.5%
Return on equity โ8.4%
Return on assets โ4.0%
FY19
Return on capital โ58.7%
Return on equity โ142.8%
Return on assets โ51.1%
FY20
Return on capital โ15.1%
Return on equity โ66.9%
Return on assets โ24.5%
FY21
Return on capital 10.7%
Return on equity 15.9%
Return on assets 11.0%
FY22
Return on capital 11.5%
Return on equity 15.3%
Return on assets 11.8%
FY23
Return on capital 3.2%
Return on equity 3.0%
Return on assets 2.3%
FY24
Return on capital 1.4%
Return on equity 0.2%
Return on assets 0.2%
FY25
Return on capital 1.7%
Return on equity โ1.0%
Return on assets โ0.6%
Return on capital
Return on equity
Return on assets
Cash flow
Free cash flow was $11.4M in fiscal 2025, 25.7% of revenue. Cash from operations minus capital spending.
FY16
Free cash flow โ$3.6M
FY17
Free cash flow $0.4M
FY18
Free cash flow $3.8M
FY19
Free cash flow $0.2M
FY20
Free cash flow โ$6.3M
FY21
Free cash flow โ$50.9M
FY22
Free cash flow $26.9M
FY23
Free cash flow โ$4.5M
FY24
Free cash flow โ$93.8M
FY25
Free cash flow $11.4M
FY16
Cash from operations โ$3.6M
Capital spending $0.0M
FY17
Cash from operations $0.6M
Capital spending $0.2M
FY18
Cash from operations $3.9M
Capital spending $0.0M
FY19
Cash from operations $0.2M
Capital spending $0.1M
FY20
Cash from operations โ$6.2M
Capital spending $0.1M
FY21
Cash from operations $20.8M
Capital spending $71.6M
FY22
Cash from operations $26.9M
Capital spending $0.0M
FY23
Cash from operations โ$4.5M
Capital spending $0.0M
FY24
Cash from operations $11.3M
Capital spending $105M
FY25
Cash from operations $11.4M
Capital spending $0.0M
Cash from operations
Capital spending
Dividends, buybacks and share count
Globus Maritime Ltd returned โ to shareholders in fiscal 2025. The diluted share count rose 0.5%.
FY16
Dividends $0.0M
Buybacks โ
FY17
Dividends $0.0M
Buybacks โ
FY18
Dividends $0.0M
Buybacks โ
FY19
Dividends $0.0M
Buybacks โ
FY20
Dividends $0.0M
Buybacks โ
FY21
Dividends $0.0M
Buybacks โ
FY22
Dividends $0.0M
Buybacks โ
FY23
Dividends โ
Buybacks โ
FY24
Dividends โ
Buybacks โ
FY25
Dividends โ
Buybacks โ
Dividends
Buybacks
FY16
Diluted shares 0.00B
FY17
Diluted shares 0.00B
FY18
Diluted shares 0.00B
FY19
Diluted shares 0.04B
FY20
Diluted shares 0.96B
FY21
Diluted shares 14.81B
FY22
Diluted shares 20.58B
FY23
Diluted shares 20.58B
FY24
Diluted shares 20.58B
FY25
Diluted shares 20.68B
Balance sheet
Cash, debt and the ratios that show how comfortably Globus Maritime Ltd can carry it.
FY16
Cash $0.2M
Debt $65.6M
FY17
Cash $2.8M
Debt $41.5M
FY18
Cash $0.0M
Debt $36.9M
FY19
Cash $2.4M
Debt $37.7M
FY20
Cash $19.0M
Debt $36.6M
FY21
Cash $45.2M
Debt $31.5M
FY22
Cash $52.8M
Debt $44.3M
FY23
Cash $74.2M
Debt $52.3M
FY24
Cash $46.8M
Debt $66.2M
FY25
Cash $26.3M
Debt $57.8M
Cash
Debt
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $45.2M | $52.8M | $74.2M | $46.8M | $26.3M |
| Debt incl. finance leases | $31.5M | $44.3M | $52.3M | $66.2M | $57.8M |
| Debt / equity | 0.2x | 0.3x | 0.3x | 0.4x | 0.3x |
| Interest coverage | 9.2x | 11.5x | 1.6x | 0.6x | 0.6x |
| Current ratio | 4.1x | 3.7x | 8.3x | 1.5x | 2.7x |
| Quick ratio | 4.0x | 3.5x | 8.2x | 1.5x | 2.5x |
| Total assets | $186M | $225M | $231M | $321M | $289M |
| Total liabilities | $39.2M | $54.8M | $55.4M | $145M | $113M |
| Shareholders' equity | $146M | $171M | $176M | $176M | $176M |
| Net debt (โ = net cash) | โ$13.7M | โ$8.5M | โ$21.9M | $19.4M | $31.6M |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. โPlanโ marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
โ
$0.0M
No open-market insider trades in the last 12 months.
Piotroski F-score
Nine pass/fail tests of profitability, funding and efficiency. 8โ9 is strong, 0โ2 weak.
| Test | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net income is positive | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Cash from operations is positive | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Return on assets rose | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Cash from operations exceeds net income | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Debt fell relative to assets | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Current ratio rose | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Share count didn't rise | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Gross margin rose | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| Revenue rose relative to assets | โ | โ | โ | โ | โ | โ | โ | โ | โ | โ |
| F-score | โ / 3 | 6 / 8 | 6 / 8 | 4 / 8 | 4 / 8 | 7 / 8 | 5 / 8 | 3 / 8 | 5 / 8 | 5 / 8 |
| Accruals ratio | โ6.6% | โ7.7% | โ8.3% | โ51.4% | โ15.7% | โ4.3% | โ1.3% | 4.3% | โ3.9% | โ4.3% |
| Altman Z'' | โ5.34 | โ5.83 | โ5.96 | โ12.16 | โ4.96 | 3.48 | 3.65 | 3.97 | 0.63 | 0.95 |
10 years of figures
Amounts in USD. Hover a ratioโs name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $8.7M | $13.9M | $17.4M | $15.6M | $11.8M | $43.4M | $61.8M | $31.2M | $34.9M | $44.2M |
| Operating income | โ$7.2M | โ$4.0M | โ$1.4M | โ$33.6M | โ$11.4M | $17.9M | $23.6M | $6.3M | $3.4M | $4.5M |
| Interest expense | $2.4M | $1.8M | $2.0M | $3.6M | $3.7M | $2.0M | $2.0M | $3.8M | $5.7M | $7.5M |
| Net income | โ$9.8M | โ$6.5M | โ$3.6M | โ$36.4M | โ$17.4M | $15.0M | $24.3M | $5.3M | $0.4M | โ$1.7M |
| Diluted EPS | โ$37.73 | โ$2.51 | โ$111.60 | โ$873.36 | โ$18.11 | $1.01 | $1.18 | $0.26 | $0.02 | โ$0.08 |
| Diluted shares | 0.00B | 0.00B | 0.00B | 0.04B | 0.96B | 14.81B | 20.58B | 20.58B | 20.58B | 20.68B |
| Cash flow | ||||||||||
| Cash from operations | โ$3.6M | $0.6M | $3.9M | $0.2M | โ$6.2M | $20.8M | $26.9M | โ$4.5M | $11.3M | $11.4M |
| Capital expenditure | $0.0M | $0.2M | $0.0M | $0.1M | $0.1M | $71.6M | $0.0M | $0.0M | $105M | $0.0M |
| Free cash flow | โ$3.6M | $0.4M | $3.8M | $0.2M | โ$6.3M | โ$50.9M | $26.9M | โ$4.5M | โ$93.8M | $11.4M |
| Depreciation and amortization | โ | $5.7M | $5.7M | $6.3M | $3.6M | โ | โ | โ | โ | โ |
| Stock-based compensation | $0.1M | $0.0M | $0.1M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | โ | โ |
| Acquisitions | โ | โ | $0.0M | $0.0M | $18.5M | $71.6M | $0.0M | โ | โ | โ |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | โ | โ | โ |
| Dividends and buybacks | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M | โ | โ | โ |
| Balance sheet | ||||||||||
| Cash and short-term investments | $0.2M | $2.8M | $0.0M | $2.4M | $19.0M | $45.2M | $52.8M | $74.2M | $46.8M | $26.3M |
| Total debt | $65.6M | $41.5M | $36.9M | $37.7M | $36.6M | $31.5M | $44.3M | $52.3M | $66.2M | $57.8M |
| Current assets | $2.1M | $4.2M | $2.8M | $5.5M | $22.3M | $49.9M | $62.3M | $79.3M | $53.0M | $31.0M |
| Current liabilities | $31.1M | $47.6M | $43.2M | $8.7M | $13.1M | $12.1M | $16.9M | $9.5M | $34.6M | $11.3M |
| Inventory | $0.5M | $0.7M | $0.7M | $1.5M | $1.2M | $0.9M | $3.0M | $1.3M | $1.2M | $2.2M |
| Total assets | $94.0M | $91.6M | $86.7M | $55.7M | $86.4M | $186M | $225M | $231M | $321M | $289M |
| Total liabilities | $73.2M | $47.6M | $45.6M | $45.8M | $44.3M | $39.2M | $54.8M | $55.4M | $145M | $113M |
| Shareholders' equity | $20.8M | $44.0M | $41.1M | $9.9M | $42.1M | $146M | $171M | $176M | $176M | $176M |
| Margins | ||||||||||
| Operating margin | โ83.1% | โ28.9% | โ8.3% | โ215.4% | โ97.2% | 41.4% | 38.3% | 20.1% | 9.7% | 10.2% |
| EBITDA margin | โ | 12.1% | 24.8% | โ175.2% | โ66.7% | โ | โ | โ | โ | โ |
| Net margin | โ112.9% | โ46.6% | โ20.6% | โ232.7% | โ147.8% | 34.5% | 39.3% | 16.9% | 1.2% | โ4.0% |
| FCF margin | โ41.4% | 2.8% | 22.0% | 1.0% | โ53.6% | โ117.2% | 43.6% | โ14.3% | โ269.0% | 25.7% |
| Returns | ||||||||||
| Return on capital | โ6.6% | โ3.8% | โ1.5% | โ58.7% | โ15.1% | 10.7% | 11.5% | 3.2% | 1.4% | 1.7% |
| Return on capital employed | โ11.5% | โ9.1% | โ3.3% | โ71.7% | โ15.6% | 10.3% | 11.3% | 2.8% | 1.2% | 1.6% |
| Return on equity | โ47.3% | โ20.0% | โ8.4% | โ142.8% | โ66.9% | 15.9% | 15.3% | 3.0% | 0.2% | โ1.0% |
| Return on assets | โ10.5% | โ7.0% | โ4.0% | โ51.1% | โ24.5% | 11.0% | 11.8% | 2.3% | 0.2% | โ0.6% |
| Return on tangible equity | โ47.3% | โ14.7% | โ8.7% | โ368.0% | โ41.3% | 10.2% | 14.2% | 3.0% | 0.2% | โ1.0% |
| Growth | ||||||||||
| Revenue growth | โ | 59.6% | 25.0% | โ10.0% | โ24.8% | 269.1% | 42.4% | โ49.5% | 11.7% | 26.8% |
| Net income growth | โ | โ | โ | โ | โ | โ | 62.4% | โ78.3% | โ91.8% | โ505.3% |
| EPS growth | โ | โ | โ | โ | โ | โ | 16.8% | โ78.0% | โ92.3% | โ500.0% |
| FCF growth | โ | โ | 890.9% | โ95.8% | โ4,060.4% | โ | โ | โ116.6% | โ | โ |
| Share count change | โ | 888.9% | โ98.8% | 129,968.8% | 2,204.4% | 1,444.0% | 39.0% | 0.0% | 0.0% | 0.5% |
| Financial health | ||||||||||
| Net debt / EBITDA | โ | 23.1x | 8.6x | โ | โ | โ | โ | โ | โ | โ |
| Debt / equity | 3.2x | 0.9x | 0.9x | 3.8x | 0.9x | 0.2x | 0.3x | 0.3x | 0.4x | 0.3x |
| Interest coverage | โ3.0x | โ2.3x | โ0.7x | โ9.3x | โ3.1x | 9.2x | 11.5x | 1.6x | 0.6x | 0.6x |
| Current ratio | 0.1x | 0.1x | 0.1x | 0.6x | 1.7x | 4.1x | 3.7x | 8.3x | 1.5x | 2.7x |
| Quick ratio | 0.1x | 0.1x | 0.0x | 0.5x | 1.6x | 4.0x | 3.5x | 8.2x | 1.5x | 2.5x |
| Capital allocation | ||||||||||
| Capex / revenue | 0.0% | 1.8% | 0.1% | 0.3% | 0.5% | 165.0% | 0.0% | 0.0% | 301.4% | 0.0% |
| Stock comp / revenue | 0.6% | 0.2% | 0.3% | 0.3% | 0.3% | 0.1% | 0.0% | 0.0% | โ | โ |
| Payouts / FCF | โ | 0.0% | 0.0% | 0.0% | โ | โ | 0.0% | โ | โ | โ |
| Quality scores | ||||||||||
| Piotroski F-score | โ | 6.0 | 6.0 | 4.0 | 4.0 | 7.0 | 5.0 | 3.0 | 5.0 | 5.0 |
| Altman Z'' | โ5.3 | โ5.8 | โ6.0 | โ12.2 | โ5.0 | 3.5 | 3.7 | 4.0 | 0.6 | 0.9 |
| Accruals ratio | โ6.6% | โ7.7% | โ8.3% | โ51.4% | โ15.7% | โ4.3% | โ1.3% | 4.3% | โ3.9% | โ4.3% |
Source: SEC EDGAR XBRL filings (CIK 0001499780). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only โ not investment advice. Check the original filings before relying on any figure.