UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

--12-31

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF

THE SECURITIES EXCHANGE ACT OF 1934

For the month of: August 2026

Commission File Number: 001-34985

Globus Maritime Limited

(Translation of registrant’s name into English)

c/o Globus Shipmanagement Corp., 128 Vouliagmenis Avenue, 3rd Floor, Glyfada, Attica, Greece, 166 74

Jun. 30, 2026

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

[X] Form 20-F

[ ] Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):___

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):___

EXHIBIT INDEX

Exhibit Number		Document
99.1		Globus Maritime Limited Reports Financial Results for the Quarter and six-month period ended June 30, 2026
99.2		Management’s Discussion and Analysis of Financial Condition and Results of Operations and unaudited interim condensed consolidated financial statements as at June 30, 2026 and for the six-month periods ended June 30, 2026 and 2025

THIS REPORT ON FORM 6-K (INCLUDING ANY EXHIBITS HERETO), EXCLUDING THE STATEMENTS IN EXHIBIT 99.1 ATTRIBUTED TO THE COMPANY’S PRESIDENT, CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER, IS HEREBY INCORPORATED BY REFERENCE INTO THE COMPANY’S REGISTRATION STATEMENT ON FORM F-3 (FILE NO. 333-296704), FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JUNE 11, 2026 AND DECLARED EFFECTIVE ON JULY 6, 2026.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	GLOBUS MARITIME LIMITED

	By:	/s/ Athanasios Feidakis
	Name:	Athanasios Feidakis
	Title:	President, Chief Executive Officer and Chief Financial Officer

Date: August 7, 2026

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Exhibit 99.2

GLOBUS MARITIME LIMITED

MANAGEMENT’S DISCUSSION AND ANALYSIS OF

FINANCIAL CONDITION AND RESULTS OF OPERATIONS

The following is a discussion of our financial condition and results of operations for the six-month periods ended June 30, 2026 and 2025. Unless otherwise specified herein, references to the “Company”, “we” or “our” shall include Globus Maritime Limited (NASDAQ: GLBS) and its subsidiaries. You should read the following discussion and analysis together with our unaudited interim condensed consolidated financial statements as at June 30, 2026 and for the six-month periods ended June 30, 2026 and 2025, and the accompanying notes thereto, included elsewhere in this report. For the additional information relating to our management’s discussion and analysis of the financial condition and results of operations, please see our Annual Report on Form of 20-F for the year ended December 31, 2025 filed with the Securities and Exchange Commission (the “SEC”) on March 16, 2026 (the “Annual Report”).

Forward-Looking Statements

Our disclosure and analysis herein pertain to our operations, cash flows and financial position, including, in particular, the likelihood of our success in developing and expanding our business and making acquisitions, includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” “projects,” “forecasts,” “may,” “should” and similar expressions are forward-looking statements. All statements herein that are not statements of either historical or current facts are forward-looking statements. Forward-looking statements include, but are not limited to, such matters as our future operating or financial results, global and regional economic and political conditions, including piracy, pending vessel acquisitions, our business strategy and expected capital spending or operating expenses, including dry-docking and insurance costs, competition in the dry bulk industry, statements about shipping market trends, including charter rates and factors affecting supply and demand, our financial condition and liquidity, including our ability to obtain financing in the future to fund capital expenditures, acquisitions and other general corporate activities, our ability to enter into fixed-rate charters after our current charters expire and our ability to earn income in the spot market and our expectations of the availability of vessels to purchase, the time it may take to construct new vessels, and vessels’ useful lives. Many of these statements are based on our assumptions about factors that are beyond our ability to control or predict and are subject to risks and uncertainties that are described more fully under “Item 3. Key Information – D. Risk Factors” of the Annual Report. Any of these factors or a combination of these factors could materially affect our future results of operations and the ultimate accuracy of the forward-looking statements.

Factors that might cause future results to differ include, but are not limited to, the following:

	•	changes in governmental rules and regulations or actions taken by regulatory authorities;

	•	changes in economic and competitive conditions affecting our business, including market fluctuations in charter rates and charterers’ abilities to perform under existing time charters;

	•	the length and number of off-hire periods and dependence on third-party managers; and

	•	other factors discussed under “Item 3. Key Information – D. Risk Factors” of the Annual Report.

You should not place undue reliance on forward-looking statements contained herein because they are statements about events that are not certain to occur as described or at all. All forward-looking statements herein are qualified in their entirety by the cautionary statements contained herein. These forward-looking statements are not guarantees of our future performance, and actual results and future developments may vary materially from those projected in the forward-looking statements. Except to the extent required by applicable law or regulation, we undertake no obligation to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

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Overview

The address of the registered office of Globus Maritime Limited (“Globus”) is: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.

The principal business of the Company is the ownership and operation of a fleet of dry bulk motor vessels (“m/v”), providing maritime services for the transportation of dry cargo products on a worldwide basis. The Company conducts its operations through its vessel owning subsidiaries.

The operations of the vessels are managed by Globus Shipmanagement Corp. (the “Manager”), a wholly owned Marshall Islands corporation. The Manager has an office in Greece, located at 128 Vouliagmenis Avenue, 166 74 Glyfada, Greece and provides the commercial, technical, cash management and accounting services necessary for the operation of the fleet in exchange for a management fee. The management fee is eliminated on consolidation. The unaudited interim condensed consolidated financial statements, prepared under IFRS, include the financial statements of Globus and its subsidiaries listed below, all wholly owned by Globus as at June 30, 2026:


Company	Country of Incorporation	Vessel Delivery Date	Vessel Name
Globus Shipmanagement Corp.	Marshall Islands	—	—⁽¹⁾
Serena Maritime Limited	Marshall Islands	October 29, 2020	m/v Galaxy Globe
Talisman Maritime Limited	Marshall Islands	July 20, 2021	m/v Power Globe
Argo Maritime Limited	Marshall Islands	June 9, 2021	m/v Diamond Globe
Salaminia Maritime Limited	Marshall Islands	November 29, 2021	m/v Orion Globe
Calypso Shipholding S.A.	Marshall Islands	January 25, 2024	m/v GLBS Hero
Daxos Maritime Limited	Marshall Islands	August 20, 2024	m/v GLBS Might ⁽²⁾
Paralus Shipholding S.A.	Marshall Islands	September 20, 2024	m/v GLBS Magic ⁽²⁾
Dulac Maritime S.A.	Marshall Islands	November 19, 2024	m/v GLBS Angel
Domina Maritime Ltd.	Marshall Islands	December 3, 2024	m/v GLBS Gigi
Olympia Shipholding S.A.	Marshall Islands	—	Hull No: S-K192
Thalia Shipholding S.A.	Marshall Islands	—	Hull No: S-3012
Devocean Maritime Ltd.	Marshall Islands	—	—
Artful Shipholding S.A.	Marshall Islands	—	—
Glomarops Limited	Marshall Islands	—	— ⁽³⁾

(1)	Management Company.
(2)	Subject to sale and bareboat back arrangements which account as financing arrangements.
(3)	Payment centre.

Results of Operations

Our revenues consist of earnings under the charters on which we employ our vessels. We believe that the important measures for analysing trends in the results of our operations consist of the following:

Revenues

The Company generates its revenues from charterers from the charter hire of its vessels. Vessels are chartered using time charters, where a contract is entered into for the use of a vessel for a specific period of time and a specified daily charter hire rate. If a time charter agreement exists and collection of the related revenue is reasonably assured, revenue is recognised on a straight - line basis over the period of the time charter. Such revenues are treated in accordance with IFRS 16 as lease income while the portion of time charter revenues related to technical management services are recognized in accordance with IFRS 15. Associated broker commissions are recognised on a pro-rata basis over the duration of the period of the time charter. Deferred revenue relates to cash received prior to the financial position date and is related to revenue earned after such date.

For time charters that qualify as leases, the Company is required to disclose lease and non-lease components of voyage revenue. The revenue earned under time charters is not negotiated in its two separate components, but as a whole. For purposes of determining the standalone selling price of the vessel lease and technical management service components of the Company’s time charters, the Company concluded that the residual approach would be the most appropriate method to use given that vessel lease rates are highly variable depending on shipping market conditions, the duration of such charters and the age of the vessel. The Company believes that the standalone transaction price attributable to the technical management service component, including crewing services, is more readily determinable than the price of the lease component and, accordingly, the price of the service component is estimated using data provided by its technical department, which consist of the crew expenses, maintenance and consumable costs and was approximately $9,219 and $9,493 for the six months periods ended June 30, 2026 and 2025, respectively. The lease component that is disclosed then is calculated as the difference between total revenue and the non-lease component revenue and was $17,639 and $8,663 for the six months periods ended June 30, 2026 and 2025, respectively.

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Time Charters

A time charter is a contract for the use of a vessel for a specific period of time during which the charterer pays substantially all of the voyage expenses, including port and canal charges and the cost of bunkers (fuel oil), but the vessel owner pays vessel operating expenses, including the cost of crewing, insuring, repairing and maintaining the vessel, the costs of spares and consumable stores and tonnage taxes. Time charter rates are usually set at fixed rates during the term of the charter. Prevailing time charter rates fluctuate on a seasonal and on a year-to-year basis and, as a result, when employment is being sought for a vessel with an expiring or terminated time charter, the prevailing time charter rates achievable in the time charter market may be substantially higher or lower than the expiring or terminated time charter rate. Fluctuation in time charter rates are influenced by changes in spot charter rates, which are in turn influenced by a number of factors, including vessel supply and demand. The main factors that could increase total vessel operating expenses are crew salaries, insurance premiums, spare parts, repairs that are not covered under insurance policies and lubricant prices.

Voyage Expenses

Voyage expenses primarily consist of port, canal and bunker expenses (including loss on sale of bunkers, net) that are unique to a particular charter under time charter arrangements are paid by the charterers or by the Company under voyage charter arrangements. Furthermore, voyage expenses include brokerage commission on revenue paid by the Company.

Gain on sale of bunkers, net

The Company may also record a gain on sale of bunkers, net which results mainly from the difference in the value of bunkers paid by the Company when the vessel is redelivered to the Company from the charterer under the vessel’s previous time charter agreement and the value of bunkers sold by the Company when the vessel is delivered to a new charterer.

Vessel Operating Expenses

Vessel operating expenses primarily consist of crew wages and related costs, the cost of insurance, expenses relating to repairs and maintenance, the cost of spares and consumable stores, tonnage taxes and other miscellaneous expenses necessary for the operation of the vessel and borne by the owner. All vessel operating expenses are expensed as incurred.

General and Administrative Expenses

The primary components of general and administrative expenses consist of the services of our senior executive officers, and the expenses associated with being a public company. Such public company expenses include the costs of preparing public reporting documents, legal and accounting costs and costs related to compliance with the rules, regulations and requirements of the SEC, the rules of NASDAQ, board of directors’ compensation and investor relations.

Depreciation

We depreciate the cost of our vessels after deducting the estimated residual value, on a straight-line basis over the expected useful life of each vessel, which is estimated to be 25 years from the date of initial delivery from the shipyard. We estimated the residual values of our vessels to be $480 per lightweight.

Interest and Finance Costs

We have historically incurred interest expense and financing costs in connection with the debt incurred to partially finance the acquisition of our existing fleet. The interest rate is calculated based on the Term SOFR rate and applicable margin.

Gain on Sale of Vessels

Gain or loss on the sale of vessels is the residual value remaining after deducting from the vessels’ sale proceeds, the carrying value of the vessels at the respective date of delivery to their new owners and the total expenses associated with the sale.

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Selected Information

Our selected consolidated financial and other data for the six-month period ended June 30, 2026 and 2025 and as at June 30, 2026 presented in the tables below have been derived from our unaudited interim condensed consolidated financial statements and notes thereto, included elsewhere herein. Our selected consolidated financial data as at December 31, 2025, presented in the tables below have been derived from our audited financial statements and notes thereto, included in our Annual Report.

Consolidated Statement of Comprehensive Income/(Loss) Data

(In thousands of U.S. Dollars)

	Six months ended June 30,
	2026	2025
	(unaudited)
Voyage revenues	26,858	18,157
Total Revenues	26,858	18,157

Voyage expenses	(413)	(1,044)
Gain on sale of bunkers, net	1,710	–
Vessel operating expenses	(8,904)	(9,313)
Depreciation	(4,980)	(4,971)
Depreciation of dry-docking costs	(2,105)	(2,427)
Administrative expenses	(2,344)	(2,130)
Administrative expenses payable to related parties	(1,586)	(396)
Gain from sale of vessel	–	2,137
Other expenses net	(15)	(56)
Operating income/(loss)	8,221	(43)
Interest income	398	1,005
Interest expense and finance costs	(3,476)	(4,221)
Gain on derivative financial instruments, net	4	8
Foreign exchange losses, net	(19)	(99)
Total finance costs, net	(3,093)	(3,307)
Total income/(loss) and total comprehensive income/(loss) for the period	5,128	(3,350)

Basic & diluted income/(loss) per share for the period (1)	0.24	(0.16)
EBITDA (2) (unaudited)	15,291	7,264
Adjusted EBITDA (2) (unaudited)	15,306	5,218

(1) The weighted average number of shares (basic and diluted) for the six-month period ended June 30, 2026 was 21,582,301 and for the same period in 2025, was 20,582,301.

(2) Earnings / (losses) before interest, taxes, depreciation and amortization, or “EBITDA”, represents the sum of total income/(loss), adjusted for interest and finance costs, interest income, depreciation and amortization and, if any, income taxes during a period. Adjusted EBITDA represents the sum of total income/(loss) before interest and finance costs net, gains or losses from the change in fair value of derivative financial instruments, foreign exchange gains or losses, income taxes, depreciation, depreciation of drydocking costs, impairment / reversal of impairment and gains or losses from sale of vessels. EBITDA and Adjusted EBITDA do not represent and should not be considered as an alternative to total comprehensive income or cash generated from operations, as determined by IFRS, and our calculation of EBITDA and Adjusted EBITDA may

not be comparable to that reported by other companies. EBITDA and Adjusted EBITDA is not a defined measure under IFRS.

EBITDA and Adjusted EBITDA is included herein because it is a basis upon which we assess our financial performance and because we believe that it presents useful information to investors regarding a company’s ability to service and/or incur indebtedness and it is frequently used by securities analysts, investors and other interested parties in the evaluation of companies in our industry.

EBITDA and Adjusted EBITDA have limitations as an analytical tool, and you should not consider it in isolation, or as a substitute for analysis of our results as reported under IFRS. Some of these limitations are:

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» EBITDA and Adjusted EBITDA do not reflect our cash expenditures or future requirements for capital expenditures or contractual commitments;

» EBITDA and Adjusted EBITDA do not reflect the interest expense or the cash requirements necessary to service interest or principal payments on our debt;

» EBITDA and Adjusted EBITDA do not reflect changes in or cash requirements for our working capital needs; and

» other companies in our industry may calculate EBITDA and Adjusted EBITDA differently than we do, limiting its usefulness as a comparative measure.

Because of these limitations, EBITDA and Adjusted EBITDA should not be considered a measure of discretionary cash available to us to invest in the growth of our business.

Total comprehensive income/(loss) to EBITDA and Adjusted EBITDA Reconciliation

		Six-month Period Ended June 30,
		(Expressed in Thousands of U.S. Dollars, except per share data)
		2026 (Unaudited)		2025 (Unaudited)
Total comprehensive income/(loss) for the period	$	5,128	$	(3,350)
Interest and finance costs, net		3,078		3,216
Depreciation		4,980		4,971
Depreciation of drydocking costs		2,105		2,427
EBITDA (unaudited)	$	15,291	$	7,264
Gain on derivative financial instruments		(4)		(8)
Foreign exchange losses, net		19		99
Gain from sale of vessel		–		(2,137)
Adjusted EBITDA (unaudited)	$	15,306	$	5,218

Balance Sheets Data

(In thousands of U.S. Dollars)

	As at June 30,	As at December 31,
	2026	2025
	(Unaudited)
Consolidated condensed statement of financial position:
Vessels, net	227,791	233,191
Advances for vessel acquisition	22,643	22,573
Other non-current assets	2,958	2,085
Total non-current assets	253,392	257,849
Cash and bank balances and bank deposits	29,321	26,254
Other current assets	11,364	4,717
Total current assets	40,685	30,971
Total assets	294,077	288,820
Total equity	181,122	175,994
Total debt & Financial liabilities net of unamortized debt discount	105,446	109,245
Other liabilities	7,509	3,581
Total liabilities	112,955	112,826
Total equity and liabilities	294,077	288,820

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Statements of Cash Flows Data

(In thousands of U.S. Dollars)

	Six months ended June 30,
	2026	2025
	(Unaudited)
Statement of cash flow data:
Net cash generated from operating activities	10,337	1,169
Net cash generated from investing activities	15	9,252
Net cash used in financing activities	(7,285)	(8,931)

	Six months ended June 30,
	2026	2025
	(Unaudited)

Ownership days ⁽¹⁾	1,629	1,704
Available days ⁽²⁾	1,607	1,666
Operating days ⁽³⁾	1,592	1,651
Fleet utilization ⁽⁴⁾	99%	99.1%
Average number of vessels ⁽⁵⁾	9.0	9.4
Daily time charter equivalent (TCE) rate ⁽⁶⁾	$ 17,691	$ 10,366
Daily operating expenses ⁽⁷⁾	$ 5,466	$ 5,464

Notes:

(1)

We define ownership days as the aggregate number of days in a period during which each vessel in our fleet has been owned or bareboat chartered in by us. Ownership days are an indicator of the size of our fleet over a period and affect both the amount of revenues and the amount of expenses that we record during a period.

(2)

We define available days as the number of our 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. The shipping industry uses available days to measure the number of days in a period during which vessels should be capable of generating revenues.

(3)

Operating days are the number of available days in a period (including days during which vessels are seeking employment) less the aggregate number of days that the vessels are off-hire due to any reason, including unforeseen circumstances. The shipping industry uses operating days to measure the aggregate number of days in a period during which vessels may generate revenues.

(4)

We calculate fleet utilization by dividing the number of our operating days during a period by the number of our available days during the period. The shipping industry uses fleet utilization to measure a company’s efficiency in finding suitable employment for its vessels and minimizing the number of days that its vessels are off-hire for reasons other than scheduled repairs or repairs under guarantee, vessel upgrades and special surveys.

(5)

We measure average number of vessels 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)

We define TCE rates as our voyage revenues plus any potential gain on sale of bunkers plus net revenue from our bareboat charters less voyage expenses during a period divided by the number of our operating days during the period, which we believe is consistent with industry standards. TCE is a non-GAAP and non-IFRS measure. TCE rate is a standard shipping industry performance measure used primarily to compare daily earnings generated by vessels on time charters with daily earnings generated by vessels on voyage charters, because charter hire rates for vessels on voyage charters are generally not expressed in per day amounts while charter hire rates for vessels on time charters generally are expressed in such amounts.

(7)

We calculate daily vessel operating expenses by dividing vessel operating expenses by ownership days for the relevant time period.

In the shipping industry, economic decisions are based on vessels’ deployment upon anticipated TCE rates, and industry analysts typically measure shipping freight rates in terms of TCE rates. This is because under time-charter and bareboat contracts the customer usually pays the voyage expenses, while under voyage charters the ship-owner usually pays the voyage expenses, which typically are added to the hire rate at an approximate cost. In a voyage charter contract, consideration is received for the use of a vessel between designated ports for the duration of the voyage only, at an agreed upon rate per volume of cargo carried. In a time charter contract, the customer (also known as the charterer) is responsible to pay for fuel consumed and port expenses incurred during the agreed period of time. In a voyage charter contract, the owner is responsible for maintaining the voyage, including vessel scheduling and routing, as well as any related voyage expenses, such as fuel, port and other expenses. Under voyage charters, the majority of voyage expenses are generally borne by the ship owner whereas for vessels in a pool, such expenses are borne by the pool operator. In a bareboat charter, the customer pays for all of the vessel’s operating expenses, and undertakes to maintain the vessel in a good state of repair and efficient operating condition and drydock the vessel during this period as per the classification society requirements. Because of the different nature of these types of arrangements, the amount of revenues earned by the Company can differ significantly between them.

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We utilize TCE because we believe it is a meaningful measure to compare period-to-period changes in our performance despite changes in the mix of charter types (i.e., voyage charters, spot charters and time charters) under which our vessels may be employed between the periods and, therefore, assists in evaluating their financial performance and in our decision-making process regarding the deployment and use of our vessels and in evaluating our financial performance. The TCE rate is a non-GAAP and non-IFRS measure. We believe the TCE rate provides additional meaningful information in conjunction with voyage revenues, the most directly comparable GAAP and IFRS measure, because it assists our management in making decisions regarding the deployment and use of our vessels and in evaluating their financial performance. The TCE rate is a measure used to compare period-to-period changes in a company’s performance and, management believes that the TCE rate provides meaningful information to our investors. We believe that our method of calculating TCE is consistent with industry standards and is determined by dividing revenue after deducting voyage expenses, and net revenue from our bareboat charters, by operating days for the relevant period excluding bareboat charter days, but it is possible that other companies calculate TCE differently. Voyage expenses primarily consist of brokerage commissions and port, canal and fuel costs that are unique to a particular voyage, which would otherwise be paid by the charter under a time charter contract.

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 believe the revised methodology provides investors with additional consistency in assessing the Company’s vessel earnings and utilization; however, other companies may calculate TCE differently. 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.

Voyage Revenues to Daily Time Charter Equivalent (“TCE”) Reconciliation

	Six months ended June 30,
	2026	2025
	(Unaudited)

Voyage revenues	$ 26,858	$ 18,157
Plus: Gain on sale of bunkers, net	$ 1,710	–
Less: Voyage expenses	$ 413	$ 1,044
Net revenues	$ 28,155	$ 17,113
Operating days	1,592	1,651⁽²⁾
Daily TCE rate ⁽¹⁾	$ 17,691	$ 10,366

(1) Subject to rounding.

(2) This is restated based on the new TCE calculation (see above section for details)

Recent Developments

On February 28, 2026, the United States and Israel launched strikes against Iran, killing Iran’s supreme leader Ayatollah Khamenei. In retaliation, Iranian missiles and drones targeted Israel and several countries that host U.S. military bases—including Bahrain, the United Arab Emirates, Kuwait, Qatar and Saudi Arabia—and Hezbollah fired projectiles at Israel. While there is significant uncertainty about the duration of the war in Iran, the White House has stated that it may be a protracted engagement. These events have destabilized the region and may lead to significant disruptions across all sectors of the shipping industry. The Company has assessed the potential implications of these events on its operations, financial position and performance. Based on information currently available, including the continuation of core business activities, management concluded that there was no significant impact on the Company's operations, financial position or performance during the six-month period ended June 30, 2026. As the situation continues to unfold, it is not practicable to reliably estimate their full financial effect, if any, on future reporting periods.

First half of the year 2026 compared to the first half of the year 2025

Total comprehensive income for the six-month period ended June 30, 2026 amounted to $5.13 million or $0.24 basic and diluted income per share based on 21,582,301 weighted average number of shares, compared to total comprehensive loss of $3.35 million for the same period last year or $0.16 basic and diluted loss per share based on 20,582,301 weighted average number of shares.

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The following table corresponds to the breakdown of the factors that led to the increase in total comprehensive income during the six-month period ended June 30, 2026 compared to the six-month period ended June 30, 2025 (expressed in $000’s):

1^st half of 2026 vs 1^st half of 2025

Net loss and total comprehensive loss for the 1^st half of 2025	(3,350)
Increase in Voyage revenues	8,701
Decrease in Voyage expenses	631
Increase in Gain on sale of bunkers, net	1,710
Decrease in Vessels operating expenses	409
Increase in Depreciation	(9)
Decrease in Depreciation of dry-docking costs	322
Increase in Total administrative expenses	(1,404)
Decrease in Gain from sale of vessel	(2,137)
Decrease in Other expenses, net	41
Decrease in Interest income	(607)
Decrease in Interest expense and finance costs	745
Decrease in Gain on derivative financial instruments	(4)
Decrease in Foreign exchange losses	80
Net income and total comprehensive income for the 1^st half of 2026	5,128

Voyage revenues

During the six-month periods ended June 30, 2026 and 2025, our Voyage revenues amounted to $26.9 million and $18.2 million, respectively. The 48% increase in Voyage revenues is primarily attributable to the increase of the daily Time Charter Equivalent (TCE) rate from $10,366 per vessel per day for the six-month period ended June 30, 2025, to $17,691 per vessel per day for the same period of 2026, corresponding to an increase of 71%.

Voyage expenses

Voyage expenses amounted to $0.4 million during the six-month period ended June 30, 2026, compared to $1.0 million during the same period in 2025. Voyage expenses include commissions on revenues, port and other voyage expenses and bunker expenses (including loss on sale on bunker, net). Bunker expenses primarily relate to the cost of bunkers consumed while our vessels are repositioning or seeking employment. The decrease in voyage expenses was mainly attributable to lower bunker expenses, reflecting fewer drydocking days during the six-month period ended June 30, 2026 compared to the corresponding period in 2025. In addition, as discussed below, bunker transactions generated a net gain during the 2026 period, compared to a net loss in the prior-year period.

Gain on sale of bunkers, net

During the six-month period ended June 30, 2026, we recognized a net gain of approximately $1.7 million from bunkers. This gain primarily resulted from the difference between the value of bunkers purchased by us upon the redelivery of vessels from charterers under previous time charter agreements and the value of bunkers sold upon the delivery of those vessels to new charterers. The gain was mainly attributable to the increase in bunker prices worldwide during the period. For the six-month period ended June 30, 2025, no gain from bunkers had been recognized. Instead, a net loss of approximately $0.6 million was incurred, which is included in voyage expenses and discussed above.

Vessel operating expenses

Vessel operating expenses, which include crew costs, provisions, deck and engine stores, lubricating oils, insurance, maintenance, and repairs, reached $8.9 million during the six-month period ended June 30, 2026, compared to $9.3 million during the same period last year. This is mainly attributed to the fact that the Company operated a fleet of an average of 9.0 vessels during the 1^st half of 2026 compared to an average of 9.4 vessels for the same period in 2025. The breakdown of our operating expenses for the six-month period ended June 30, 2026 and 2025 was as follows:

	2026	2025
Crew expenses	58%	56%
Repairs and spares	15%	18%
Insurance	6%	7%
Stores	11%	9%
Lubricants	7%	6%
Other	3%	4%

Average daily operating expenses during the six-month periods ended June 30, 2026 and 2025 were $5,466 and $5,464 per vessel per day respectively.

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Depreciation

Depreciation charge during the six-month period ended June 30, 2026 and 2025, amounted to $5 million.

Depreciation of dry-docking costs

Depreciation of dry-docking costs during the six-month period ended June 30, 2026, reached $2.1 million compared to $2.5 million during the same period in 2025. The 16% decrease is mainly attributed to the decrease from an average of 9.4 vessels during the six-month period ended June 30, 2025, to an average of 9.0 vessels for the same period in 2026.

Total administrative expenses

Total administrative expenses, including administrative expenses to related parties, increased to $3.9 million during the six-month period ended June 30, 2026 compared to $2.5 million for the same period in 2025. The increase is mainly attributed to the accrual of approximately $1.2 million as at June 30, 2026, which related to the one-time bonus of $2 million that was awarded on February 26, 2026 to a consulting company affiliated with our Chief Executive Officer, half of which is payable immediately upon the delivery of the newbuilding vessel S3012 (i.e., the vessel constructed by Nihon Shipyard Co. in Japan pursuant to the agreement dated August 18, 2023) and the balance at the delivery of Hull SK 192 (i.e., the vessel constructed by Nihon Shipyard Co. in Japan pursuant to the other agreement dated August 18, 2023), in each case assuming Athanasios Feidakis remains Chief Executive Officer at each such delivery.

Gain from sale of vessel

On February 4, 2025, the Company, through a wholly owned subsidiary, entered into an agreement to sell the 2007-built River Globe for a gross price of $8.55 million before commissions and expenses. The total gain from the sale of the vessel reached the $2.1 million. The vessel was delivered to her new owners on March 17, 2025.

Interest expense and finance costs

Interest expense and finance costs reached $3.5 million during the six-month period ended June 30, 2026, compared to $4.2 million in the same period of 2025. Interest expense and finance costs for the six-month periods ended June 30, 2026 and 2025, are analyzed as follows:

In $000’s	2026	2025
Interest payable on long-term borrowings and financial liabilities	3,121	3,909
Bank charges	37	29
Operating lease liability interest	30	25
Amortization of debt discount	131	171
Amortization of gain of Loan modification	149	78
Other finance expenses	8	9
Total	3,476	4,221

As at June 30, 2026, and 2025 we and our vessel-owning subsidiaries had outstanding borrowings under our Loan agreements and Financial liabilities of an aggregate of $106.3 million and $112.9 million, respectively, gross of unamortized debt discount. The decrease in interest payable is mainly attributed to the decrease of the outstanding principal of the Loan agreements and Sale and Bareboat back agreements. The weighted average interest rate has decreased from 6.72% during the six-month period ended June 30, 2025 to 5.81% for the same period in 2026, which is mainly attributed to the decrease of the 3-month Term SOFR rates.

-11-

Liquidity and capital resources

As at June 30, 2026, and December 31, 2025, our cash and bank balances and bank deposits (including restricted cash) were $31.8 and $28.7 million, respectively.

As at June 30, 2026, the Company reported a working capital surplus of $26.0 million and was in compliance with the covenants included in the CIT loan facility and Marguerite Maritime S.A. loan facility.

The Company performs on a regular basis an assessment to evaluate its ability to continue as a going concern.

In assessing whether the going concern assumption is appropriate, management takes into account all available information about the future, which is at least, but is not limited to, twelve months from the end of the reporting period. The degree of consideration depends on the facts in each case and depends on the Company’s profitability and ready access to financial resources, In certain cases, management may need to consider a wide range of factors relating to current and expected profitability, debt repayment schedules, compliance with the financial and security collateral cover ratio covenants under its existing debt agreements and potential sources of replacement financing before it can satisfy itself that the going concern basis is appropriate. The Company may need to develop detailed cash flow projections as part of its assessment in such cases. In developing estimates of future cash flows, the Company makes assumptions about the vessels’ future performance, with the significant assumptions relating to time charter equivalent rates, vessels’ operating expenses, vessels’ capital expenditures, fleet utilization, Company’s general and administrative expenses and cash flow requirements for debt servicing. The assumptions used to develop estimates of future cash flows are based on historical trends as well as future expectations.

The above conditions indicate that the Company is expected to be able to operate as a going concern.

Net cash generated from operating activities for the six-month period ended June 30, 2026 was $10.3 million compared to $1.2 million during the respective period in 2025. This increase was primarily attributable to the Company's improved profitability, reporting net income of $5.1 million compared to a net loss of $3.35 million in the corresponding period of 2025.

Net cash generated from investing activities for the six-month period ended June 30, 2026 was $15 thousand compared to $9.3 million during the respective period in 2025. The decrease in our cash generated from investing activities was mainly attributed to the net proceeds from the sale of m/v River Globe in 2025, amounting to $8.4 million.

Net cash used in financing activities during the six-month period ended June 30, 2026 and 2025 were as follows:

	Six months ended June 30,
In $000’s	2026	2025
	(Unaudited)
Repayment of long-term debt and financial liabilities	(4,033)	(4,184)
Prepayment of long-term debt	–	(1,879)
Decrease in restricted cash	–	1,055
Repayment of lease liability	(163)	(154)
Interest paid	(3,089)	(3,769)
Net cash used in financing activities	(7,285)	(8,931)

As at June 30, 2026 and 2025, we and our vessel-owning subsidiaries had outstanding borrowings under our Loan and Financial liabilities of an aggregate of $106.3 and $112.9 million, respectively, gross of unamortized debt discount.

-12-

INDEX TO UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Unaudited Interim Condensed Consolidated Statement of Comprehensive Income/(Loss) for the three and six-month periods ended June 30, 2026 and 2025	F-2

Condensed Consolidated Statement of Financial Position as at June 30, 2026 (Unaudited)
and December 31, 2025

F-3

Unaudited Interim Condensed Consolidated Statement of Changes in Equity for the six-month periods
ended June 30, 2026 and 2025

F-4

Unaudited Interim Condensed Consolidated Statement of Cash Flows for the six-month periods ended
June 30, 2026 and 2025

F-5

Notes to the Unaudited Interim Condensed Consolidated Financial Statements	F-6 to F-15
	F-2

F-1

GLOBUS MARITIME LIMITED

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME/(LOSS)
For the three and six-month periods ended June 30, 2026 and 2025
(Expressed in thousands of U.S. Dollars, except share, per share and warrants data)


		Three months ended June 30,		Six months ended June 30,
	Notes	2026	2025	2026	2025
REVENUES:
Voyage revenues	10	14,610	9,538	26,858	18,157
Total Revenues		14,610	9,538	26,858	18,157

EXPENSES & OTHER OPERATING INCOME:
Voyage expenses, net		(206)	(524)	(413)	(1,044)
Gain on sale of bunkers, net		1,217	–	1,710	–
Vessel operating expenses		(4,739)	(4,602)	(8,904)	(9,313)
Depreciation	5, 10	(2,506)	(2,490)	(4,980)	(4,971)
Depreciation of dry-docking costs	5	(1,061)	(1,165)	(2,105)	(2,427)
Administrative expenses		(978)	(937)	(2,344)	(2,130)
Administrative expenses payable to related parties		(805)	(207)	(1,586)	(396)
Gain from sale of vessel	5	–	–	–	2,137
Other income/(expenses), net		9	(21)	(15)	(56)
Operating income/(loss)		5,541	(408)	8,221	(43)

Interest income		214	627	398	1,005
Interest expense and finance costs		(1,720)	(2,069)	(3,476)	(4,221)
Gain on derivative financial instruments, net		–	31	4	8
Foreign exchange gains / (losses), net		4	(49)	(19)	(99)

TOTAL INCOME/(LOSS) FOR THE PERIOD		4,039	(1,868)	5,128	(3,350)
Other Comprehensive Income		–	–	–	–
TOTAL COMPREHENSIVE INCOME/(LOSS) FOR THE PERIOD		4,039	(1,868)	5,128	(3,350)

Income/(Loss) per share (U.S.$):
- Basic and Diluted income/(loss) per share for the period	7	0.19	(0.09)	0.24	(0.16)

The accompanying condensed notes are an integral part of these unaudited interim condensed consolidated financial statements.

F-2

GLOBUS MARITIME LIMITED

CONDENSED CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As at June 30, 2026 and December 31, 2025

(Expressed in thousands of U.S. Dollars, except share, per share and warrants data)

		June 30,	December 31,
ASSETS	Notes	2026	2025
		(Unaudited)
NON-CURRENT ASSETS
Vessels, net	5	227,791	233,191
Advances for vessel purchase	10	22,643	22,573
Office furniture and equipment, net		63	75
Right of use asset	10	885	–
Restricted cash	3	2,000	2,000
Other non-current assets		10	10
Total non-current assets		253,392	257,849
CURRENT ASSETS
Current portion of fair value of derivative financial instruments	11	–	113
Trade receivables, net		3,802	654
Inventories		1,329	2,217
Prepayments and other assets		5,783	1,283
Restricted cash	3	450	450
Cash and cash equivalents	3	29,321	26,254
Total current assets		40,685	30,971
TOTAL ASSETS		294,077	288,820

EQUITY AND LIABILITIES

EQUITY
Issued share capital	6	86	86
Share premium	6	285,742	285,742
Accumulated deficit		(104,706)	(109,834)
Total equity		181,122	175,994
NON-CURRENT LIABILITIES
Long-term borrowings, net of current portion	8	48,903	51,735
Financial Liabilities, net of current portion	8	48,576	49,528
Provision for staff retirement indemnities		266	253
Lease liabilities	10	539	–
Total non-current liabilities		98,284	101,516
CURRENT LIABILITIES
Current portion of long-term borrowings	8	6,051	6,097
Current portion of financial Liabilities	8	1,916	1,885
Trade accounts payable		2,162	1,967
Accrued liabilities and other payables		3,581	913
Current portion of lease liabilities	10	359	–
Deferred revenue		602	448
Total current liabilities		14,671	11,310
TOTAL LIABILITIES		112,955	112,826
TOTAL EQUITY AND LIABILITIES		294,077	288,820

The accompanying condensed notes are an integral part of these unaudited interim condensed consolidated financial statements.

F-3

GLOBUS MARITIME LIMITED

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

For the six-month ended June 30, 2026 and 2025

(Expressed in thousands of U.S. Dollars, except share, per share and warrants data)

	Issued share Capital	Share Premium	(Accumulated Deficit)	Total Equity
As at January 1, 2026	86	285,742	(109,834)	175,994
Income for the period	–	–	5,128	5,128
Other comprehensive income	–	–	–	–
Total comprehensive income for the period	–	–	5,128	5,128
As at June 30, 2026	86	285,742	(104,706)	181,122

	Issued share Capital	Share Premium	(Accumulated Deficit)	Total Equity
As at January 1, 2025	82	284,406	(108,087)	176,401
Loss for the period	–	–	(3,350)	(3,350)
Other comprehensive income	–	–	–	–
Total comprehensive loss for the period	–	–	(3,350)	(3,350)
As at June 30, 2025	82	284,406	(111,437)	173,051

The accompanying condensed notes are an integral part of these unaudited interim condensed consolidated financial statements.

F-4

GLOBUS MARITIME LIMITED

UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

For the six-month ended June 30, 2026 and 2025

(Expressed in thousands of U.S. Dollars)


		Six months ended June 30,
	Notes	2026	2025
Operating activities
Income/(Loss) for the period		5,128	(3,350)
Adjustments for:
Depreciation	5	4,980	4,971
Depreciation of deferred dry-docking costs	5	2,105	2,427
Payment of deferred dry-docking costs		(339)	(1,956)
Provision for staff retirement indemnities		12	65
Gain on derivative financial instruments		(4)	(8)
Gain on sale of vessel	5	–	(2,137)
Interest expense and finance costs		3,476	4,221
Interest income		(398)	(1,005)
Foreign exchange losses/(gains), net		17	42
(Increase)/decrease in:
Trade receivables, net		(3,147)	(407)
Inventories		888	(159)
Prepayments and other assets		(4,500)	181
Increase/(decrease) in:
Trade accounts payable		(7)	(1,093)
Accrued liabilities and other payables		1,972	(179)
Deferred revenue		154	(444)
Net cash generated from operating activities		10,337	1,169
Cash flows from investing activities:
Net Proceeds from sale of vessel	5	–	8,362
Advance for vessel acquisition		(70)	–
Improvements		(308)	(31)
Purchases of office furniture and equipment		(5)	(10)
Interest received		398	931
Net cash generated from investing activities		15	9,252
Cash flows from financing activities:
Repayment of long-term debt and financial liabilities		(4,033)	(4,184)
Prepayment of long-term debt	8	–	(1,879)
Decrease in restricted cash	3	–	1,055
Repayment of lease liability - principal		(163)	(154)
Interest paid		(3,089)	(3,769)
Net cash used in financing activities		(7,285)	(8,931)
Net increase in cash and cash equivalents		3,067	1,490
Cash and cash equivalents at the beginning of the period	3	26,254	46,837
Cash and cash equivalents at the end of the period	3	29,321	48,327

The accompanying condensed notes are an integral part of these unaudited interim condensed consolidated financial statements.

F-5

GLOBUS MARITIME LIMITED

NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS JUNE 30, 2026 (Amounts presented in thousands of U.S. Dollars - except for share and warrants data, unless otherwise stated)

1. Basis of presentation and general information

The accompanying unaudited interim condensed consolidated financial statements include the financial statements of Globus Maritime Limited (“Globus”) and its wholly owned subsidiaries (collectively the “Company”). Globus was formed on July 26, 2006, under the laws of Jersey. On June 1, 2007, Globus concluded its initial public offering in the United Kingdom and its shares were admitted for trading on the Alternative Investment Market (“AIM”). On November 24, 2010, Globus was redomiciled to the Marshall Islands and its shares were admitted for trading in the United States (NASDAQ Global Market) under the Securities Act of 1933, as amended. On November 26, 2010, Globus shares were effectively delisted from AIM.

The address of the registered office of Globus is: Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Marshall Islands MH96960.

The operations of the vessels are managed by Globus Shipmanagement Corp. (the “Manager”), a wholly owned Marshall Islands corporation. The Manager has an office in Greece, located at 128 Vouliagmenis Avenue, 166 74 Glyfada, Greece and provides the commercial, technical, cash management and accounting services necessary for the operation of the fleet in exchange for a management fee. The management fee is eliminated on consolidation. The unaudited interim condensed consolidated financial statements include the financial statements of Globus and its subsidiaries listed below, all wholly owned by Globus as at June 30, 2026:


Company	Country of Incorporation	Vessel Delivery Date	Vessel Name
Globus Shipmanagement Corp.	Marshall Islands	—	—⁽¹⁾
Serena Maritime Limited	Marshall Islands	October 29, 2020	m/v Galaxy Globe
Talisman Maritime Limited	Marshall Islands	July 20, 2021	m/v Power Globe
Argo Maritime Limited	Marshall Islands	June 9, 2021	m/v Diamond Globe
Salaminia Maritime Limited	Marshall Islands	November 29, 2021	m/v Orion Globe
Calypso Shipholding S.A.	Marshall Islands	January 25, 2024	m/v GLBS Hero
Daxos Maritime Limited	Marshall Islands	August 20, 2024	m/v GLBS Might ⁽²⁾
Paralus Shipholding S.A.	Marshall Islands	September 20, 2024	m/v GLBS Magic ⁽²⁾
Dulac Maritime S.A.	Marshall Islands	November 19, 2024	m/v GLBS Angel
Domina Maritime Ltd.	Marshall Islands	December 3, 2024	m/v GLBS Gigi
Olympia Shipholding S.A.	Marshall Islands	—	Hull No: S-K192
Thalia Shipholding S.A.	Marshall Islands	—	Hull No: S-3012
Devocean Maritime Ltd.	Marshall Islands	—	—
Artful Shipholding S.A.	Marshall Islands	—	—
Glomarops Limited	Marshall Islands	—	— ⁽³⁾

(1)	Management Company.
(2)	Subject to sale and bareboat back arrangements which account as financing arrangements (Note 8).
(3)	Payment centre.

Except for the changes disclosed in note 2, these unaudited interim condensed consolidated financial statements have been prepared on the same basis as the annual consolidated financial statements. The operating results for the six-month period ended June 30, 2026, are not necessarily indicative of the results that might be expected for the fiscal year ending December 31, 2026.

F-6

GLOBUS MARITIME LIMITED

1. Basis of presentation and general information (continued)

The unaudited interim condensed consolidated financial statements as at and for the six months ended June 30, 2026, have been prepared in accordance with IAS 34 Interim Financial Reporting.

The unaudited interim condensed consolidated financial statements presented in this report do not include all the information and disclosures required in the annual financial statements and should be read in conjunction with the consolidated financial statements as at December 31, 2025 and for the year then ended included in the Company’s Annual Report on Form 20-F for the year ended December 31, 2025 (the “2025 Annual Report”).

Unless otherwise defined herein, capitalized words and expressions used herein shall have the same meanings ascribed to them in the 2025 Annual Report.

The unaudited interim condensed consolidated financial statements as at June 30, 2026 and for the six months then ended, were approved for issuance by the Board of Directors on August 6, 2026.

Going Concern basis of accounting:

The Company performs on a regular basis an assessment to evaluate its ability to continue as a going concern.

As at June 30, 2026, the Company reported Cash and cash equivalents of $29,321, a working capital surplus of $26,014, net cash generated from operating activities of $10,337 and was in compliance with its debt covenants.

The above conditions indicate that the Company is expected to be able to operate as a going concern at least for twelve months following the end of the reporting period and these consolidated financial statements were prepared under this assumption.

Conflicts

Ongoing geopolitical conflicts, including the war in Ukraine and continued instability and tensions in the Middle East, have contributed to volatility in global trade, energy markets, sanctions regimes and supply chains. Political, economic, and social instability in Venezuela and the resultant sanctions or other measures imposed in response, including the on-going U.S. campaign of seizing Venezuela-linked oil tankers and potential further U.S. military and political intervention, may disrupt the Company’s business, financial conditions, operating results, and cash flows. Further developments, including the expansion of sanctions, trade restrictions, disruptions to key shipping routes (including the Red Sea), or increased insurance, fuel or financing costs, could adversely affect the Company’s business, financial condition, results of operations and cash flows. While the Company has not experienced a material impact on its operations as of the reporting date, the duration, escalation, and broader economic consequences of these conflicts remain uncertain.

F-7

GLOBUS MARITIME LIMITED

2. Changes in Accounting policies and Recent accounting pronouncements

The accounting policies adopted in the preparation of the interim condensed consolidated financial statements are consistent with those followed in the preparation of the Company’s annual consolidated financial statements for the year ended 31 December 2025, as included in Note 2 to the Company’s consolidated financial statements included in the 2025 Annual Report. There have been no changes to the Company’s accounting policies and recent accounting pronouncements in the six-month period ended June 30, 2026 other than the IFRS amendments which have been adopted by the Company as of 1 January 2026 as indicated below:

•

IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures - Classification and Measurement of Financial Instruments (Amendments). In May 2024, the IASB issued amendments to the Classification and Measurement of Financial Instruments which amended IFRS 9 Financial Instruments and IFRS 7 Financial Instruments: Disclosures and they become effective for annual reporting periods beginning on or after January 1, 2026, with earlier application permitted. Management has assessed the effect of these amendments on the Company’s financial statements and disclosures and concluded that no significant changes occurred.

•

Annual Improvements to IFRS Accounting Standards – Volume 11. In July 2024, the IASB issued Annual Improvements to IFRS Accounting Standards – Volume 11. An entity shall apply those amendments for annual reporting periods beginning on or after January 1, 2026. Earlier application is permitted. Management has assessed the effect of these amendments on the Company’s financial statements and disclosures and concluded that no significant changes occurred.

	Standards issued but not yet effective and not early adopted:
	•	IFRS 20 Regulatory Assets and Regulatory Liabilities. On 27 May 2026, the Board issued IFRS 20 Regulatory Assets and Regulatory Liabilities. IFRS 20 sets out the requirements for the recognition, measurement, presentation and disclosure of regulatory assets, regulatory liabilities, regulatory income and regulatory expense. IFRS 20, and the consequential amendments to the other accounting standards, is effective for reporting periods beginning on or after 1 January 2029 and is applied either retrospectively in accordance with IAS 8 or using the modified retrospective approach which includes certain transition reliefs from the application of IAS 8. Early adoption is permitted and has to be disclosed. Management will assess in future periods whether the entity is in the scope of IFRS 20.

3. Cash and cash equivalents and Restricted cash

For the purpose of the interim condensed consolidated statement of financial position, cash and cash equivalents comprise the following:


	June 30, 2026	December 31, 2025
Cash on hand	36	55
Cash at banks	29,285	26,199
Total cash and cash equivalents	29,321	26,254

Cash held in banks earns interest at floating rates based on daily bank deposit rates.

The fair value of cash and cash equivalents as at June 30, 2026 and December 31, 2025, was $29,321 and $26,254, respectively.

As at June 30, 2026 and December 31, 2025, the Company had pledged an amount of $2,450, in order to fulfil collateral requirements. The fair value of the restricted cash as at June 30, 2026 was $2,450, $2,000 included in non-current assets and $450 included in current assets. The fair value of the restricted cash as at December 31, 2025 was $2,450, $2,000 included in non-current assets and $450 included in current assets. The cash and cash equivalents are held with reputable bank and financial institution counterparties with high ratings.

4. Transactions with Related Parties

In August 2024, the Company entered into a rental agreement with F.G. Europe, an affiliate of Globus’s chairman, for 902 square meters of office space, at the monthly rate of Euro 27,500 (absolute amount) and with a lease period ending of August 4, 2027. In December 2025, the rental agreement with F.G. Europe was terminated. Effective January 1, 2026, the Company entered into a new rental agreement with Cyberonica S.A., also an affiliate of Globus’s chairman, for the same office space at a monthly rent of €27,500 (absolute amount), subject to an annual adjustment of 1%. The lease term runs through December 31, 2028. The Company does not presently own any real estate. During the six-month periods ended June 30, 2026 and 2025, the rent charged amounted to $193 and $178, respectively. December 31, 2025

The depreciation charge for the respective right-of-use asset for the six-month periods ended June 30, 2026 and 2025, was $177 and $164, respectively, and was recognized in the condensed consolidated statement of comprehensive income/(loss) under depreciation. The interest expense on lease liabilities for the six-month periods ended June 30, 2026 and 2025, was $30 and $25, respectively, and recognized under interest expense and finance costs in the condensed consolidated statement of comprehensive income/(loss). The total cash outflows for leases the six-month periods ended June 30, 2026 and 2025, were approximately $163 and $154, respectively, and were recognized in the condensed consolidated statement of cash flows under the Payment of lease liability – principal.

F-8

GLOBUS MARITIME LIMITED

4. Transactions with Related Parties (continued)

As at December 28, 2015, Athanasios Feidakis assumed the position of Chief Executive Officer (“CEO”) and Chief Financial Officer (“CFO”). On August 18, 2016, the Company entered into a consultancy agreement with an affiliated company (Goldenmare Limited) of its CEO and CFO, Mr. Athanasios Feidakis, for the purpose of providing consulting services to the Company in connection with the Company’s international shipping and capital raising activities, including but not limited to assisting and advising the Company’s CEO and CFO. On February 26, 2026 a one-time bonus of $2 million was awarded to a consulting company affiliated with our Chief Executive Officer, half of which is payable immediately upon the delivery of the newbuilding vessel S3012 (i.e., the vessel constructed by Nihon Shipyard Co. in Japan pursuant to the agreement dated August 18, 2023) and the balance at the delivery of Hull SK 192 (i.e., the vessel constructed by Nihon Shipyard Co. in Japan pursuant to the other agreement dated August 18, 2023), in each case assuming Athanasios Feidakis remains Chief Executive Officer at each such delivery. The related expense for the six-month period ended June 30, 2026, amounted to $1,395, of which $1,167 related to a portion of the bonus and $228 related to consultancy fees under the management agreement. The related expense for the six-month period ended June 30, 2025, amounted to $219 and related solely to consultancy fees under the management agreement. These amounts are included in Administrative expenses payable to related parties in the accompanying condensed consolidated statement of comprehensive income/(loss).

As at June 30, 2026 and December 31, 2025, Goldenmare Limited owned