Marco Polo Marine’s net profit rises 170% in FY2025

Extraordinary reversals drove earnings as adjusted profit edged lower.

Marco Polo Marine Ltd reported net profit attributable to shareholders of $58.5m for the year ended 30 September 2025, a 169.7% increase from $21.7m in FY2024, according to a bourse filing.

Basic and diluted earnings per share rose to 1.56 cents, up from 0.58 cents a year earlier.

Earnings growth was driven by exceptional items, including a $22.4m reversal of impairment loss on vessels and a $5.9m reversal of impairment loss on an amount due from a joint venture. These gains materially boosted the reported bottom line relative to underlying operating performance.

Excluding these items, adjusted net profit attributable to shareholders totalled $25.2m, a 4.2% decline from $26.3m in FY2024. EBITDA increased 17.3% to $50.1m, reflecting core profitability before non-cash and non-recurring adjustments.

Net cash generated from operating activities reached $40.8m in FY2025, while cash and cash equivalents stood at $52.2m as at 30 September 2025. Net asset value per share rose to 7.0 cents, compared with 5.4 cents a year earlier, the company reported.

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