Costamare Inc. reported third‑quarter 2025 results, posting net income from continuing operations of $99 million, down from $111 million in the same period last year. Adjusted net income was $98 million.
Contracted revenues for the quarter reached $2.6 billion, reflecting a full 100 % employment of its containership fleet for 2025 and 80 % for 2026. The company’s fleet average stood at 68.2 vessels, with 6,278 ownership days recorded in the quarter, compared to 6,256 days and 68.0 vessels in the same period of 2024.
The Neptune Maritime Leasing (NML) platform continued to expand, with total investments and commitments exceeding $650 million. Fifty shipping assets have been funded or are on a commitment basis, underscoring the platform’s role as a key growth driver beyond the core containership chartering business.
In vessel acquisition activity, the company exercised its option for two additional 3,100‑TEU sister ships, slated for delivery in Q1 2028, and accepted delivery of the secondhand vessel Maersk Puelo, a 6,541‑TEU ship, which began a time charter with Maersk.
The announcement follows the May 6 spin‑off of Costamare’s dry‑bulk business, allowing the company to concentrate on its core containership chartering and the NML platform. The company reported liquidity of $569.6 million at the end of Q3 2025 and declared a quarterly dividend of $0.115 per share, payable on November 6 2025.
Market conditions remain tight, with idle rates below 1% and steady demand from data centers and e‑commerce, supporting the company’s forward‑charter strategy.
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