Marco Polo Marine has announced a robust start to its financial year 2026, reporting a 27% increase in revenue to S$32.8m for the first quarter. This growth is largely attributed to a 53% surge in ship chartering revenue, underscoring the company’s strategic investments in the offshore wind sector. The company’s gross profit also rose by 32% to S$14m, with a sustained margin expansion to 43%.
The company’s flagship vessel, the MP Wind Archer, was recently honoured with the prestigious Vessel of the Year Award, highlighting Marco Polo Marine’s engineering excellence and operational capabilities. CEO Sean Lee expressed that the award validates their decision to expand their fleet with high-specification assets. “The impressive 53% growth in our Ship Chartering revenue validates our decision to expand our fleet with high-specification, premium assets like the MP Wind Archer,” Lee stated.
Whilst the shipyard revenue experienced a slight dip due to the timing of building projects, the repair segment remains strong. The company is also advancing the development of its next-generation CSOV Plus, aiming to reinforce its leadership in the Asia-Pacific renewable energy sector. Lee added, “Looking ahead, we remain prudently optimistic as we continue to enhance our operational efficiency and strengthen our foothold in the rapidly expanding renewable energy market.”
Marco Polo Marine will present its financial performance and key business developments at its 1Q FY2026 Results Briefing on 20 February 2026.
