Star Bulk Carriers, owned by Peter Pappas, closed 2025 with revenues of $1.04 billion and net profits amounting to $84.2 million, amidst a dry bulk market characterized by volatility and softer freight rates compared to 2024. The fourth quarter of 2025 saw the company achieving revenues of $300.586 million, net earnings of $65.2 million, and adjusted net earnings of $74.5 million. Additionally, the adjusted EBITDA stood at $126.4 million, indicating strong financial performance despite the challenging market conditions.

The average daily Time Charter Equivalent (TCE) rate was reported at $19,012 per vessel, coupled with an average daily operating cost (OPEX) of $5,045 and net daily expenses of $1,399, resulting in a net margin of $12,568 per vessel per day. These figures highlight the company's operational efficiency and profitability potential even in a fluctuating shipping industry. Star Bulk's solid performance metrics suggest a robust business model capable of navigating industry challenges effectively.

Moreover, the company's liquidity position remained strong, with cash reserves totaling approximately $459 million and an additional $110 million available from undrawn lines of credit. This brings total liquidity to over $569 million. Such a strong liquidity cushion positions Star Bulk favorably for future investments and opportunities, reinforcing confidence in its strategic direction and financial health and suggesting a potentially resilient approach amidst future market uncertainties.