Costamare Inc. reported third‑quarter and nine‑month results for the period ended September 30 2025, with adjusted net income of $98 million and total revenue of $225.2 million. The company’s earnings per share from continuing operations available to common stockholders were $1.32, up from $1.02 in the same quarter last year.
The company’s contracted revenue for the nine‑month period reached $2.6 billion, and it remains the sole shareholder of 69 containerships. Fleet employment is 100 % for 2025 and projected to be 80 % in 2026, with an idle fleet of less than 1 %.
Costamare exercised its option for two additional 3,100‑TEU sister ships, scheduled for delivery in the first quarter of 2028, and fixed eight vessels with forward starts ranging from 12 to 38 months. The company also highlighted growth in its Neptune Maritime Leasing platform, with total investments and commitments exceeding $650 million.
The results reflect a continued focus on long‑term charter contracts following the spin‑off of its dry‑bulk business on May 6 2025. Strong demand from data‑center and e‑commerce shipping, coupled with a vessel shortage, has kept charter rates stable and the fleet highly utilized.
Compared with the same quarter in 2024, adjusted net income rose from $75.5 million to $98 million, while revenue was slightly lower at $225.2 million versus $225.75 million. The company’s earnings beat consensus estimates of $85 million and revenue expectations of $197.9 million, underscoring its robust operational performance in a tight market.
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