Costamare Lifts Contracted Revenue to $3.4 Billion With 12 Forward Charters After Q4 Results

Overview

• The company reported Q4 2025 net income of about $73 million and full‑year net income of about $370 million, with adjusted full‑year profit of about $376 million ($3.12 per share) and liquidity near $590 million.
• Twelve forward charters on 4,000–14,000 TEU ships will start over the next three years and add roughly $940 million in incremental contracted revenue with a six‑year TEU‑weighted average term.
• Following the fixtures, contracted revenue stands near $3.4 billion with a TEU‑weighted remaining duration of 4.5 years, and revenue days are fixed about 96% for 2026 and 92% for 2027.
• Financing is in place for all six newbuilds, two vessels were refinanced at substantially lower funding cost, and the company faces no significant debt maturities until 2027.
• Neptune Maritime Leasing has funded or committed to 54 assets totaling more than $665 million as Costamare lifts its commitment to roughly $250 million (about $180 million deployed), while management highlights a tight charter market and plans to maintain its dividend and avoid early debt prepayments.