Costamare Q4 Earnings Call Highlights

Core Insights - Costamare reported a strong financial performance for Q4 2025 and the full year, with net income of approximately $73 million for Q4 and about $370 million for the full year, alongside adjusted net income of around $376 million or $3.12 per share [2][3][6] - The company ended the year with liquidity of $590 million and characterized the charter market as robust due to high demand and limited vessel availability [2][6] Full-year and Quarterly Results - Adjusted net income for 2025 was approximately $376 million, translating to $3.12 per share, while Q4 adjusted net income was about $72 million or $0.60 per share [3][6] - Year-end liquidity was reported at roughly $590 million [3][6] Chartering Activity and Contracted Revenues - Costamare executed a strategy focused on securing long-term cash flows, forward-chartering 12 vessels with a TEU capacity ranging from 4,000 to 14,000, with an average charter duration of six years [4][6] - Incremental contracted revenues from these new charters total approximately $940 million, bringing total contracted revenues to about $3.4 billion, with a TEU-weighted remaining duration of 4.5 years [5][6] Fleet Deployment and Market Position - Fleet deployment and fixed revenue days are at high levels, with 96% deployment for 2026 and 92% for 2027, and the idle fleet is less than 1% [5][6] - Management noted that charter rates remain strong amid constrained supply, with no significant debt maturities until 2027 and successful refinancing of two ships at lower costs [6]