Costamare Inc. (CMRE) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.517 Good day and welcome to the Costa Mare third quarter 2025 00:00:05.517 -- 00:00:10.642 financial results conference call. All participants will be in 00:00:10.642 -- 00:00:16.148 listen-only mode. Should you need assistance, please signal a conference specialist 00:00:16.148 -- 00:00:19.672 by pressing the star key followed by zero. 00:00:19.672 -- 00:00:24.777 After today's presentation, there will be an opportunity to ask questions. 00:00:24.777 -- 00:00:29.596 To ask a question, you may press star, then one on a touch-tone phone. 00:00:29.596 -- 00:00:33.800 To withdraw your question, please press star, then two. 00:00:33.800 -- 00:00:37.364 Please note this event is being recorded. 00:00:37.364 -- 00:00:42.208 I would now like to turn the conference over to Gregory Zikos, CFO. 00:00:42.208 -- 00:00:44.749 Please go ahead. 00:00:45.071 -- 00:00:47.634 Thank you, and good morning, ladies and gentlemen. 00:00:47.634 -- 00:00:53.079 During the third quarter of the year, the company generated net income of about $99 million. 00:00:53.079 -- 00:00:56.642 After the spinoff of Costamare Barclays Holdings Limited, Costamare Inc. 00:00:56.642 -- 00:01:01.314 remains the sole shareholder of 69 container ships, as well as the controlling shareholder 00:01:01.314 -- 00:01:03.898 of Neptune Maritime Leasing. 00:01:03.898 -- 00:01:08.664 In September, following up from our previously announced order of four 3,100-EU 00:01:08.664 -- 00:01:14.151 capacity container ships, we exercised our option for two more sister ships to be delivered 00:01:14.151 -- 00:01:16.531 in Q1 2028. 00:01:16.834 -- 00:01:20.559 Upon delivery, they will also commence an eight-year time charter with a first-class 00:01:20.559 -- 00:01:25.605 liner company. Since last q...