Globus Maritime (GLBS) Interest Expenses (2009 - 2026)

Globus Maritime (GLBS) posted quarterly Interest Expenses of -$1.6 million for Q1 2026, up 18.42% year-on-year from -$1.3 million in Q1 2025, and down 111.58% on a QoQ basis from $13.7 million in Q4 2025.

Globus Maritime (GLBS) Interest Expenses (2009 - 2026) Analysis & Trends

Globus Maritime (GLBS) has reported Interest Expenses for 18 consecutive years, with -$1.6 million the latest figure, recorded in Q1 2026.

  • Quarterly Interest Expenses rose 18.42% year-over-year to -$1.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $15.5 million (up 57.34% YoY) and the FY2025 annual result came in at $8.1 million, up 29.32% from the prior year.
  • Interest Expenses slipped to -$1.6 million in Q1 2026 per GLBS's latest filing, from $13.7 million in the prior quarter.
  • Over the last five years, Interest Expenses for GLBS reached as high as $13.7 million in Q4 2025 and fell as low as -$1.9 million in Q1 2025.
  • A 5-year average of $1.9 million and a median of $960000.0 in 2023 frame the typical range for Interest Expenses.
  • Annual changes were most pronounced in 2022 — Interest Expenses plunged 517.99% — and 2024, when it surged 274.83%.
  • Year by year, Interest Expenses stood at $3.2 million in 2022, then jumped by 82.48% to $5.9 million in 2023, then soared by 58.9% to $9.4 million in 2024, then soared by 45.76% to $13.7 million in 2025, then tumbled by 111.58% to -$1.6 million in 2026.
  • According to Business Quant data, Interest Expenses over the past three periods registered -$1.6 million, $13.7 million, and $1.3 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Interest Expense (Qtr)
1 ZIM Integrated Shipping Services 2,956,511.11 Bn 2,956,510.19 Bn 57.20 Mn -112.20 Mn
2 Danaos 2,530.46 Bn 2,529.59 Bn 203.71 Mn 23.11 Mn
3 Sfl 1,572.73 Bn 1,572.58 Bn 66.27 Mn -38.14 Mn
4 Capital Clean Energy Carriers 1,398.00 Bn 1,397.46 Bn 95.52 Mn -23.03 Mn
5 Globus Maritime 60.18 Bn 60.15 Bn 8,083.00 -1.59 Mn
6 Kirby 8.01 Bn 7.93 Bn 291.34 Mn 3.48 Mn
7 Matson 6.23 Bn 6.13 Bn - 407.70 Mn
8 Intercont (Cayman) 3.95 Bn 3.95 Bn - -
9 Hafnia 3.72 Bn 3.61 Bn 152.41 Mn -12.94 Mn
10 Star Bulk Carriers 3.11 Bn 2.62 Bn 493.84 Mn 127.05 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 -1.59 Mn
Mar 31, 2026 -1.59 Mn
Dec 31, 2025 13.73 Mn
Dec 31, 2025 13.73 Mn
Sep 30, 2025 1.26 Mn
Sep 30, 2025 1.26 Mn
Jun 30, 2025 2.07 Mn
Jun 30, 2025 2.07 Mn
Mar 31, 2025 -1.95 Mn
Mar 31, 2025 -1.95 Mn
Dec 31, 2024 9.42 Mn
Dec 31, 2024 9.42 Mn
Sep 30, 2024 1.04 Mn
Sep 30, 2024 1.04 Mn
Jun 30, 2024 1.33 Mn
Jun 30, 2024 1.33 Mn
Mar 31, 2024 -728,000.00
Mar 31, 2024 -728,000.00
Dec 31, 2023 5.93 Mn
Dec 31, 2023 5.93 Mn