Globus Maritime Ltd. $GLBS reported stronger top-line results for the second quarter of 2026, with revenue rising 53.2% year over year to $14.6 million. Gross profit also improved sharply, climbing 119.1% to $9.7 million, reflecting a healthier operating backdrop for the shipping company.
Despite the improvement in revenue and gross profit, profitability was mixed. Operating profit came in at $5.5 million, while net income attributable to common shareholders was $4.0 million, or $0.19 per diluted share.
Cash generation was a notable bright spot in the quarter. Cash from operating activities jumped to $5.5 million, and capital spending remained modest at $0.3 million.
- Revenue: $14.6 million, up 53.2% year over year
- Gross profit: $9.7 million, up 119.1%
- Net income: $4.0 million
- Operating cash flow: $5.5 million
- Cash and cash equivalents: $29.3 million
At quarter-end, Globus Maritime held $29.3 million in cash and cash equivalents, while total liabilities stood at $113.0 million. The stock fell 2.77% after the market close following the release.
Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.
Globus Maritime Ltd. Insider Trading Activity
Globus Maritime Ltd. insiders have traded $GLBS stock on the open market 9 times in the past 6 months. Of those trades, 9 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $GLBS stock by insiders over the last 6 months:
- GEORGIOS FEIDAKIS has made 9 purchases buying 702,838 shares for an estimated $1,595,697 and 0 sales.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
Globus Maritime Ltd. Hedge Fund Activity
We have seen 7 institutional investors add shares of Globus Maritime Ltd. stock to their portfolio, and 4 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- RENAISSANCE TECHNOLOGIES LLC added 70,400 shares (+96.8%) to their portfolio in Q1 2026, for an estimated $162,624
- JANE STREET GROUP, LLC removed 32,896 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $75,989
- XTX TOPCO LTD added 21,441 shares (+101.1%) to their portfolio in Q1 2026, for an estimated $49,528
- AXQ CAPITAL, LP added 12,963 shares (+inf%) to their portfolio in Q2 2026, for an estimated $38,759
- VIRTU FINANCIAL LLC removed 12,737 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $29,422
- CITADEL ADVISORS LLC added 10,014 shares (+6.4%) to their portfolio in Q1 2026, for an estimated $23,132
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 9,088 shares (+20.5%) to their portfolio in Q1 2026, for an estimated $20,993
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
