Jason Marine’s swings to $330,000 net loss as costs surge

Distribution and general and administrative costs increased by 15.1%.

Jason Marine Group reported a net loss of $330,000 for HY 2025, reversing the $26,000 profit in HY 2024.

With the net loss, the company recorded a loss per share attributed to equity holders of $0.0031.

The company attributed its loss to higher costs and lower other income.

The company’s combined distribution and general and administrative costs increased by 15.1% YoY, rising from $5.18m in HY 2024 to $5.97m in HY 2025.

Meanwhile, its other income also dropped by $400,000, attributed to a one-off legal claim settlement in HY2024 and reduced interest income.

On the flip side, the company’s revenue rose by 26.0% to $20.4m, with higher contributions across all segments: sales of goods (+$3.9m), services (+$100,000), and airtime (+$200,00.)​