Mooreast records net profit of $3.5m in H1 2025, reversing $1.3m net loss a year ago

Its H1 2025 revenue also grew by 84% YoY to $25.2m.

Mooreast Holdings Ltd. recorded a net profit after tax of $3.5m in the first half of 2025, reversing a loss of $1.3m from the same period last year.

The firm’s revenue increased by 84% year-on-year (YoY) to $25.2m in H1 2025, propelled by the stronger performance of its Mooring division. The firm said it completed several high-value Mooring orders totalling $12.5m during the period under review, which is not expected to recur in the second half of 2025.

The firm also said that the increase was partially offset by lower sales from the renewable, rigging and heavy lifting, marine supplies and services and yard divisions, amid a slowdown in market activities.

Gross profit for H1 2025 grew by more than double to $10.9m from $5m a year ago.

The firm’s earnings per share stood at 1.37 cents in H1 2025, compared to a loss per share of 0.50 cents in H1 2024.

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