Costamare Bulkers Holdings Limited (CMDB) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by, ladies and gentlemen, and welcome to the Costa Mare Bulkers Holdings Limited conference call on the fourth quarter 2025 financial results. We have with us Mr. Gregory Zikos, Chief Executive Officer of the company. At this time, all participants are in a listen-only mode. There will be a presentation followed by a question and answer session. At which time, if you wish to ask a question, please press star then one on your telephone keypad and wait for your name to be announced. I must advise you that this conference is being recorded today, Friday, February 20th, 2026. We would like to remind you that this conference call contains forward-looking statements. Please take a moment to read slide number two of the presentation, which contains the forward-looking statements. And now I will pass the floor over to your speaker today, Mr. Zicos. Please go ahead, sir. Thank you and good morning, ladies and gentlemen. During the second quarter as an independent listed entity, Osamare Barclay generated an untrustworthy loss of $1.7 million. As already announced, at the end of September of last year, we entered into a cooperation agreement with Cargill, including, among other things, the disposal to a large extent of the company's trading portfolios. This quarter's results continue to be affected by legacy positions not included in the cutting transaction, as well as by legacy positions that have been transferred to cutting gradually over the quarter. With total cash of about 126 million and debt of about 156 million, the company is in a net debt negative position, owning a fleet of 31 labor places with an average sales of approximately 13 years and an average size of about 92,000 debt weight. Building upon solid market fundamentals, we sold the 2011-bu...