Company: CMDB
Filing Date: 2025-03-31
Form Type: 20FR12B
Source: 0001140361-25-011425
Chunk: 272

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-03-31
Form: 20FR12B
Chunk 272
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 & Young (Hellas) Certified Auditors Accountants S.A.

We have served as the Company’s auditor since 2024.

Athens, Greece

March 31, 2025

<div align='center'>F-2</div>

TABLE OF CONTENTS

COSTAMARE BULKERS HOLDINGS LIMITED PREDECESSOR Combined Carve-Out Balance Sheets As of December 31, 2023 and 2024 (Expressed in thousands of U.S. dollars)

|                                                                              |     | December 31, 2023 |     | December 31, 2024 |
|:-----------------------------------------------------------------------------|:----|------------------:|:----|------------------:|
| ASSETS                                                                       |     |                   |     |                   |
| CURRENT ASSETS:                                                              |     |                   |     |                   |
| Cash and cash equivalents (Note 2(e))                                        |     |           $33,682 |     |           $49,858 |
| Restricted cash (Note 2(e))                                                  |     |             3,115 |     |               941 |
| Margin deposits (Note 15(c))                                                 |     |            13,748 |     |            45,221 |
| Accounts receivable, net (Note 3)                                            |     |            42,194 |     |            39,648 |
| Inventories (Note 4)                                                         |     |            47,644 |     |            44,500 |
| Due from related parties (Note 3)                                            |     |             1,647 |     |             7,014 |
| Fair value of derivatives (Notes 15 and 16)                                  |     |            13,750 |     |               197 |
| Insurance claims receivable                                                  |     |             3,303 |     |             2,842 |
| Accrued charter revenue (Note 9)                                             |     |                12 |     |                 — |
| Prepayments and other assets                                                 |     |            53,015 |     |            49,796 |
| Vessels held for sale (Note 5)                                               |     |            40,307 |     |                 — |
| Total current assets                                                         |     |           252,417 |     |           240,017 |
| FIXED ASSETS, NET:                                                           |     |                   |     |                   |
| Vessels and advances, net (Note 5