Costamare Inc. · NYSE:CMRE
Costamare — Q4 2025 Earnings Presentation
16 slides from Costamare's earnings presentation, Feb 18, 2026
Slide 1: Fourth Quarter 2025 Financial Results Conference Call
Fourth Quarter 2025 Financial Results Conference Call February 18, 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains certain “forward-looking statements” (as such term is defined in Section 21E of the Securities Exchange Act of 1934, as amended). All statements, other than statements of historical facts, that address activities, events or developments that Cost
Slide 3: Highlights (1/4) – Financial Results
Highlights (1/4) Financial Results ► FY 2025 Adjusted Net Income from Continuing operations(1) available to common stockholders(2) of $375.6 million ($3.12 per share). ► FY 2025 Net Income from Continuing operations(1) available to common stockholders of $371.0 million ($3.09 per share). ► Q4 2025 A
Slide 4: Highlights (2/4) – Strong Chartering Performance
Highlights (2/4) Strong Chartering Performance ► Forward fixing of up to 3 years for 12 containerships, resulting in incremental revenues of $940 million: - Five 14,400 TEU-capacity vessels for a minimum period of 8 years (Q1 2028 – Q3 2036). - Four 5,000 TEU-capacity vessels for a minimum period of
Slide 5: Highlights (3/4) – Debt Financings and Capital Structure
Highlights (3/4) Debt Financings and Capital Structure ► New bilateral loan facility for the pre and post delivery financing of the six 3,100 TEU newbuilding vessels. ► New bilateral loan facility secured by two of the five vessels under a facility which matured earlier in Q1 2026. - Tenor of 5 year
Slide 6: Highlights (4/4) – Lease Financing Platform and Dividends
Highlights (4/4) Lease Financing Platform – Neptune Maritime Leasing Limited (“NML”) ► Controlling interest in NML. ► Increase of our investment commitment to $247.8 million. ► $182.2 million invested to date, representing 73.5% of our total committed investment. ► Financing of 54(1) shipping assets
Slide 7: Container Market Environment
Container Market Environment Charter Rates (1) 12m Timecharter Rates ► Charter market remains resilient, with charter rates holding at 160 000 strong levels, amid decreasing box rates, persistent 120 000 geopolitical instability and ongoing newbuilding deliveries. 80 000 ► Idle fleet stands at 0.5%
Slide 8: Thank You! Q&A
COSTAMARE ING. Thank You! Q&A
Slide 9: Appendix Ι – Net Income to Adj. Net Income Reconciliation (1/2)
Appendix Ι – Net Income to Adj. Net Income Reconciliation (1/2) Adjusted Net Income from continuing operations available to common stockholders and Adjusted Earnings per Share Expressed in thousands of U.S. dollars, Year ended December 31 from continuing operations represent Net Income from continui
Slide 10: Appendix Ι – Net Income to Adj. Net Income Reconciliation (2/2)
Appendix Ι – Net Income to Adj. Net Income Reconciliation (2/2) Adjusted Net Income from continuing operations available to common stockholders and Adjusted Earnings per Share Expressed in thousands of U.S. dollars, Three-month period ended December 31 from continuing operations represent Net Income
Slide 11: Appendix II – Containership Operating Fleet Charter Status (1/6)
Appendix II – Containership Operating Fleet Charter Status (1/6) (1) Charterer Age Vessels 10 THESEUS 10 TAURUS / Confidential 10 TALOS 10 TITAN 12,000 – 15,000 TEUs 10 TRITON 5 YM TIPTOP 10x Vessels 5 YM TARGET 6 YM TOTALITY 6 YM TRUTH 6 YM TRIUMPH Feb/26 Feb/27 Feb/28 Feb/29 Feb/30 Feb/31 Feb/32 F
Slide 12: Appendix II – Containership Operating Fleet Charter Status (2/6)
Appendix II – Containership Operating Fleet Charter Status (2/6) Charterer Age Vessels(1) 13 VANTAGE 13 VALENCE 13 VALIANT 13 VALUE 7,500 – 10,000 TEUs 13 VALOR 18x Vessels 12 MSC AMALFI / Confidential 12 MSC AJACCIO 12 MSC AZOV 16 NAVARINO 13 MSC ATHOS / Confidential 13 MSC ATHENS 30 KOTKA / Confid
Slide 13: Appendix II – Containership Operating Fleet Charter Status (3/6)
Appendix II – Containership Operating Fleet Charter Status (3/6) (1) Charterer Age Vessels / Confidential 23 METHONI / Confidential 22 ARGUS / Confidential 25 PORTO CHELI 5,000 – 7,500 TEUs / Confidential 22 ARIES 13x Vessels KOWLOON 21 23 ZIM VIETNAM 23 ZIM AMERICA 26 TAMPA I 20 GLEN CANYON / Confi
Slide 14: Appendix II – Containership Operating Fleet Charter Status (4/6)
Appendix II – Containership Operating Fleet Charter Status (4/6) (1) Charterer Age Vessels 13 MARATHOPOLIS / Confidential 13 MEGALOPOLIS / Confidential 17 GIALOVA 1,000 – 5,000 TEUs / Confidential 16 ANDROUSA 23x Vessels / Confidential 24 ULSAN 18 TRADER / Confidential 21 ETOILE 16 VULPECULA / Confi
Slide 15: Appendix II – Containership Operating Fleet Charter Status (5/6)
Appendix II – Containership Operating Fleet Charter Status (5/6) Charterer Age Vessels (1) 15 NEOKASTRO 12 LEONIDIO 1,000 – 5,000 TEUs / Confidential 12 KYPARISSIA 23x Vessels / 19 SCORPIUS 17 VIRGO 18 DYROS 8 POLAR BRASIL 26 AREOPOLIS 22 LAKONIA 25 ARKADIA Feb/26 Feb/27 Feb/28 Feb/29 Feb/30 Feb/31
Slide 16: Appendix II – Containership Operating Fleet Charter Status (6/6)
Appendix II – Containership Operating Fleet Charter Status (6/6) (1) Charterer Vessels NEWBUILDING 1 NEWBUILDING 2 Confidential 3,100 TEUs NEWBUILDING 3 6x Newbuilding Vessels NEWBUILDING 4 NEWBUILDING 5 NEWBUILDING 6 Feb-26 Feb-27 Feb-28 Feb-29 Feb-30 Feb-31 Feb-32 Feb-33 Feb-34 Feb-35 Feb-36 Note