Marco Polo Marine’s net profit down 3.4% YoY in H1

Net profit attributable to equity holders was $10.6m.

Marco Polo Marine posted a 3.4% year-on-year (YoY) decline in net profit attributable to equity holders to $10.6m in H1 2025 from $11.0 m a year ago.

Gross revenue dropped 14.4% (YoY) to $52.7m from $61.6m in H1 2024, primarily due to reduced revenue from shipyard operations. 

Profit from the ship chartering business fell 3% YoY to $32.0m, due to a reduction in the rechartering of third-party vessels from Taiwan. This was partly offset by an improvement in the average fleet utilisation rate of 68%.

The shipyard business declined 28% YoY to $20.7m, mainly due to the ongoing construction of a Commissioning Service Operation Vessel (CSOV), which impacted the capacity for third-party shipbuilding projects in H1.