Company: CMDB
Filing Date: 2025-04-07
Form Type: 20FR12B/A
Source: 0001140361-25-012461
Chunk: 272

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-07
Form: 20FR12B/A
Chunk 272
---
 Carve-Out Statements of Comprehensive Income / (Loss) for the years ended December 31, 2023 and 2024 |     | F-5 |
| Combined Carve-Out Statements of Shareholders’ Equity for the years ended December 31, 2023 and 2024          |     | F-6 |
| Combined Carve-Out Statements of Cash Flows for the years ended December 31, 2023 and 2024                    |     | F-7 |
| Notes to Combined Carve-Out Financial Statements                                                              |     | F-8 |

F-1

#### TABLE OF CONTENTS
<div align='center'>**Report of Independent Registered Public Accounting Firm**</div>

To the Shareholders and the Board of Directors of Costamare Bulkers Holdings Limited

### Opinion on the Financial Statements
We have audited the accompanying combined carve-out balance sheets of Costamare Bulkers Holdings Limited Predecessor (the Company) as of December 31, 2024 and 2023 the related combined carve-out statements of operations, comprehensive loss, shareholders’ equity and cash flows for the years then ended, and the related notes (collectively referred to as the “combined carve-out financial statements”). In our opinion, the combined carve-out financial statements present fairly, in all material respects, the financial position of the Company at December 31, 2024 and 2023, and the results of its operations and its cash flows for the years then ended in conformity with U.S. generally accepted accounting principles.

#### Basis for Opinion
These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of