Company: CMDB
Filing Date: 2025-03-31
Form Type: 20FR12B
Source: 0001140361-25-011425
Chunk: 273

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-03-31
Form: 20FR12B
Chunk 273
---
     |                                — |     |    85,000 |
| Repayment of long-term debt                                                  |     |                         -144,670 |     |  -402,513 |
| Payment of financing costs                                                   |     |                           -6,469 |     |    -2,075 |
| Share capital increase                                                       |     |                          103,750 |     |         — |
| Net parent investment                                                        |     |                           75,410 |     |    43,501 |
| Net Cash provided by Financing Activities                                    |     |                          133,250 |     |   116,924 |
| Net increase / (decrease) in cash, cash equivalents and restricted cash      |     |                          -73,233 |     |    14,636 |
| Cash, cash equivalents and restricted cash at beginning of the year          |     |                          118,632 |     |    45,399 |
| Cash, cash equivalents and restricted cash at end of the year                |     |                          $45,399 |     |   $60,035 |
| Supplemental Cash Information:                                               |     |                                  |     |           |
| Cash paid during the year for interest                                       |     |                          $21,402 |     |   $25,567 |
| Non-Cash Investing and Financing Activities:                                 |     |                                  |     |           |
| Right-of-use assets obtained in exchange for operating lease obligations     |     |                         $440,202 |     |  $281,629 |

The accompanying notes are an integral part of these predecessor combined carve-out financial statements. F-7

#### TABLE OF CONTENTS

### COSTAMARE BULKERS HOLDINGS LIMITED PREDECESSOR

### Notes to Combined Carve-out Financial Statements

#### December 31, 2023 and 2024
**(Expressed in thousands of U.S. dollars, except share and per share data, unless otherwise stated)

1. Basis of Presentation and General Information:

The predecessor combined carve-out financial statements include the dry bulk business of Costamare Inc. (“Costamare”), a publicly listed company on the New York Stock Exchange, consisting of: (i) 67 wholly-owned subsidiaries of Costamare, operating or having operated or been formed with the intention to operate in the dry bulk sector with owned vessels since June 2021 along with Costamare Bulkers Ships Inc. (“CBSI”), a wholly-owned indirect subsidiary of Costamare, organized under the laws