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GLOBUS MARITIME LIMITED Globus Maritime Limited Reports Financial Results for the quarter and six - month period ended June 30 , 2021 Glyfada , Greece , September 27 , 2021 , Globus Maritime Limited ( " Globus " , the " Company " , " we " , or " our " ) ( NASDAQ : GLBS ) , a dry bulk shipping company , today reported its unaudited consolidated operating and financial results for the quarter and six- month period ended June 30 , 2021 . Financial Highlights In H1 2021 , Total revenues increased by about 161 % compared to H1 2020 . • The Adjusted EBITDA for H1 2021 increased by about 6.8 million compared to H1 2020 . • The Total comprehensive loss for H1 2021 decreased by about 94 % compared to H1 2020 . • • As of June 30 , 2021 , and December 31 , 2020 , our cash and bank balances and bank deposits ( including restricted cash ) were $ 78.5 and $ 21.1 million , respectively , an increase of 272 % . As of June 30 , 2021 , the total outstanding borrowings under our Loan agreements decreased to $ 34.25 million compared to $ 37 million as of December 31 , 2020 , gross of unamortized debt discount , a decrease of about 7 % . Three months ended June 30 , Six months ended June 30 , ( Expressed in thousands of U.S dollars except for daily rates and per share data ) 2021 2020 2021 2020 Total revenues Total comprehensive loss 6,829 2,299 11,996 4,589 ( 23 ) ( 4,197 ) ( 789 ) ( 13,199 ) Adjusted EBITDA ( 1 ) 3,055 ( 783 ) 4,361 ( 2,447 ) Basic loss per share ( 2 ) ( 38.66 ) ( 0.09 ) ( 158.35 ) Daily Time charter equivalent rate ( " TCE " ) ( 3 ) 11,781 3,778 10,859 3,016 Average operating expenses per vessel per day Average number of vessels 5,256 6.2 4,353 5.0 5,471 6.1 4,437 5.0 ( 1 ) Adjusted EBITDA is a measure not in accordance with generally accepted accounting principles ( " GAAP " ) . See a later section of this press release for a reconciliation of Adjusted EBITDA to total comprehensive loss and net cash used in operating activities , which are the most directly comparable financial measures calculated and presented in accordance with the GAAP measures . ( 2 ) The weighted average number of shares for the six - month period ended June 30 , 2021 was 9,001,704 compared to 83,354 shares for the six - month period ended June 30 , 2020. The weighted average number of shares for the three - month period ended June 30 , 2021 was 10,774,058 compared to 108,577 shares for the three - month period ended June 30 , 2020 . ( 3 ) Daily Time charter equivalent rate ( " TCE ” ) is a measure not in accordance with generally accepted accounting principles ( " GAAP " ) . See a later section of this press release for a reconciliation of Daily TCE to Voyage revenues . Current Fleet Profile As of the date of this press release , Globus ' subsidiaries own and operate seven dry bulk carriers , consisting of four Supramax , one Panamax and two Kamsarmax . Vessel Year Built Yard Type Month / Year Delivered DWT Flag Moon Globe 2005 Hudong - Zhonghua Panamax June 2011 74,432 Marshall Is . Sun Globe 2007 Tsuneishi Cebu Supramax Sept 2011 58,790 Malta River Globe 2007 Yangzhou Dayang Supramax Dec 2007 53,627 Marshall Is . Sky Globe 2009 Taizhou Kouan Supramax May 2010 56,855 Marshall Is . Star Globe 2010 Taizhou Kouan Supramax May 2010 56,867 Marshall Is . Hudong - Zhonghua Kamsarmax Galaxy Globe 2015 October 2020 81,167 Marshall Is . Registered office : Trust Company Complex , Ajeltake Road , Ajeltake Island , P.O. Box 1405 , Majuro , Marshall Islands MH 96960 Comminucations Address : c / o Globus Shipmanagement Corp. 128 Vouliagmenis Avenue , 3rd Floor , 166 74 Glyfada , Greece Tel : +30 210 9608300 , Fax : +30 210 9608359 , e - mail : info@globusmaritime.gr www.globusmaritime.gr GLBS NASDAQ LISTED