GLOBUS MARITIME LTD
For the period ended Jun 10, 2026. Filed Jun 10, 2026.
View on SEC.govAbout this filing
What a company based outside the US has published at home or sent to its shareholders. It is how many foreign companies share results and news between annual reports.
Jun 10, 2026 · Filed Jun 10, 2026
Use the contents to explore the available documents and sections.
Contents
EX-99.1 · Fleet Summary data
Fleet Summary data
| Three months ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Ownership days (1) | 810 | 885 |
| Available days (2) | 810 | 878 |
| Operating days (3) | 798 | 864 |
| Fleet utilization (4) | 98.5% | 98.5% |
| Average number of vessels (5) | 9.0 | 9.8 |
| Daily time charter equivalent (“TCE”) rate (6) | $15,706 | $9,370 |
| Daily operating expenses (7) | $5,142 | $5,321 |
Notes:
| (1) | Ownership days are the aggregate number of days in a period during which each vessel in our fleet has been owned by us. |
| (2) | Available days are the number of ownership days less the aggregate number of days that our vessels are off-hire due to scheduled repairs or repairs under guarantee, vessel upgrades or special surveys. |
| (3) | Operating days are the number of available days less the aggregate number of days that the vessels are off-hire due to any reason, including unforeseen circumstances and the days during which the vessels are seeking employment. |
| (4) | We calculate fleet utilization by dividing the number of operating days during a period by the number of available days during the period. |
| (5) | Average number of vessels is measured by the sum of the number of days each vessel was part of our fleet during a relevant period divided by the number of calendar days in such period. |
| (6) | TCE rates are our voyage revenues plus any potential gain on sale of bunkers less voyage expenses during a period divided by the number of our operating days during the period which is consistent with industry standards. TCE is a measure not in accordance with GAAP. |
| (7) | We calculate daily vessel operating expenses by dividing vessel operating expenses by ownership days for the relevant time period. |
Effective the first quarter of 2026, we have changed and redefined the way that we calculate TCE to include in operating days — rather than exclude — the days that vessels are seeking employment, and we now calculate TCE based on the number of operating days instead of available days. We have determined to make these changes because they align better to how many other public companies define TCE, which provides investors with consistency. We also believe that calculating fleet utilization based on the number of days that the vessels were available to be hired, even if seeking employment, provides more meaningful information to investors. We have recalculated and recast the previous periods’ TCE rates using this new definition and methodology. The figures herein may not be consistent with our previously disclosed TCE and related figures in previous periods due to these changes.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.