Costamare Bulkers Holdings Ltd (NYSE:CMDB)

Q1 2026 Costamare Bulkers Holdings Ltd Earnings Call Transcript

May 13, 2026 / 12:30 PM GMT

Release Date Price: $18.9 (+1.12%)

Transcript

Key Points

Positve

Costamare Bulkers Holdings Ltd (CMDB) generated an adjusted net income of $12.4 million in the first quarter.
The company successfully transferred a majority of its legacy trading portfolio, reducing its balance sheet risk.
CMDB concluded the sale of a 2011-built Capesize vessel and acquired a 2018-built Ultramax, aligning with its fleet renewal strategy.
The company accepted delivery of a newbuilding Kamsarmax, chartered for a minimum of five years at profitable rates.
Charter rates strengthened during Q1 2026, with further upside momentum since April, indicating a positive market environment.

Negative

The market exhibited elevated volatility and political instability, contributing to uncertainty.
The closure of the Strait of Hormuz reduced Persian Gulf export volumes by approximately 50%, impacting the Supramax segment.
Despite the positive net income, total costs exceeded debt by approximately $127 million by the end of Q1.
The company's operating platform is currently focused on the Kamsarmax segment, which may limit diversification.
Only one vessel remains to be novated in the transfer of the credit book to Cargill, indicating incomplete derisking.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

CMDB.N - Costamare Bulkers Holdings Ltd
Q1 2026 Costamare Bulkers Holdings Ltd Earnings Call
May 13, 2026 / 12:30PM GMT

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Conference Call Participants
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* Gregory Zikos
Costamare Bulkers Holdings Ltd - Chief Executive Officer, Director

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Presentation
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Operator [1]
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Thank you for standing by, ladies and Costamare Bulkers Holdings Limited on the first quarter. We will have with us Mr. Gregory Zikos, Chief Executive Officer of the company. (Operator Instructions)

I must advise you that this conference is being recorded Wednesday, May 13, 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 I will now pass the

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