Company: CMDB
Filing Date: 2025-04-17
Form Type: 20FR12B/A
Source: 0001140361-25-014307
Chunk: 192

Company: Costamare Bulkers Holdings Ltd
Filing Date: 2025-04-17
Form: 20FR12B/A
Chunk 192
---
 $5.3 million from the sale of the dry bulk vessels Taibo , Peace , Pride , Cetus , Miner and Comity .

Vessels Held for Sale

We did not record any loss on any vessels held for sale during the year ended December 31, 2024. During the year ended December 31, 2023, we recorded a loss on vessels held for sale of $2.3 million, representing the expected loss from the sale of the dry bulk vessels Konstantinos and Progress during the next twelve-month period. Furthermore, during the year ended December 31, 2023, the dry bulk vessels Manzanillo and Adventure were classified as vessels held for sale but no loss on vessels held for sale was recorded, since each vessel’s estimated fair value less costs to sell exceeded each vessel’s carrying value.

Vessels’ Impairment Loss

During the year ended December 31, 2024, no impairment loss was recorded. During the year ended December 31, 2023, we recorded an impairment loss in relation to two of our dry bulk vessels in the amount of $0.4 million in the aggregate.

Interest Income

Interest income amounted to $1.5 million and $2.3 million for the years ended December 31, 2024 and 2023, respectively.

<div align='center'>96</div>

TABLE OF CONTENTS

Interest and Finance Costs Interest and finance costs were $23.5 million and $24.8 million during the years ended December 31, 2024 and 2023, respectively. The decrease is mainly attributable to the decreased interest expense due to a lower average loan balance during the year ended December 31, 2024 compared to the year ended December 31, 2023. Interest Expense – related parties Interest expense - related parties was $1.0 million and nil during the years ended December 31, 2024 and 2023, respectively. Interest expense – related parties represents interest expense charged on related party loans. Gain / (Loss) on Derivative Instruments, net As of December 31, 2024, we hold derivative financial instruments that do not qualify for hedge accounting. The change in the fair value of each derivative instrument that qualifies for hedge accounting is recorded in “Other Comprehensive Income” (“OCI”). The change in the fair value of each derivative instrument that does not qualify for hedge accounting is recorded in the predecessor combined statements of operations. As of December 31, 2024,