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| Date | Value |
|---|---|
| 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 |