Company: CMDB
Filing Date: 2025-04-17
Form Type: 20FR12B/A
Source: 0001140361-25-014307
Chunk: 187

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-17
Form: 20FR12B/A
Chunk 187
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 Miracle, Prosper, Frontier, Magnes, Alwineand Augustwith an aggregate dwt of 843,679, and we sold the dry bulk vessels Manzanillo, Progress, Konstantinos, Merida, Alliance, Pegasus, Adventure, Oracle, Titan Iand Discoverywith an aggregate dwt of 433,033. During the year ended December 31, 2023, we acquired the secondhand dry bulk vessels Enna, Doradoand Aryawith an aggregate dwt of 417,241, and we sold the dry bulk vessels Miner, Taibo, Comity, Peace, Prideand Cetuswith an aggregate dwt of 248,655.

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TABLE OF CONTENTS

In the years ended December 31, 2024 and 2023, our fleet ownership days totaled 13,773 and 15,975 days, respectively. Ownership days are one of the primary drivers of voyage revenue and vessels’ operating expenses and represent the aggregate number of days in a period during which each vessel in our owned fleet is owned. Predecessor Combined Carve-Out Financial Results and Vessels’ Operational Data

| (Expressed in millions of U.S. dollars,               
 except percentages)                                   | 2023 |     | Year ended December 31, | 2024 |     |          |     | Change |     | Percentage 
 Change     |
|:------------------------------------------------------|:-----|:----|------------------------:|:-----|:----|---------:|:----|-------:|:----|:-----------|
| Voyage revenue                                        |      |     |                  $663.1 |      |     |   $985.3 |     | $322.2 |     | 48.6%      |
| Voyage revenue – related parties                      |      |     |                       — |      |     |    210.1 |     |  210.1 |     | n.m.       |
| Total voyage revenue                                  |      |     |                  $663.1 |      |     | $1,195.4 |     |  532.3 |     | 80.3%      |
| Voyage expenses                                       |      |     |                  -266.2 |      |     |   -342.5 |     |   76.3 |     | 28.7%      |
| Charter-in hire expenses                              |      |     |                  -340.9 |      |     |   -706.