Marco Polo Marine has announced a remarkable 169.7% year-on-year increase in net profit for the financial year 2025, reaching $42.8m (S$58.5m). This surge is attributed to robust operational performance and significant one-off gains. The company’s gross profit also saw an 11.7% rise to $39.6m (S$54.2m), with the gross profit margin improving to 44.1% from 39.3% in FY2024.
The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) increased by 17.3% to $36.6m (S$50.1m), highlighting strong core operational resilience. Marco Polo Marine’s balance sheet remains robust, with cash and cash equivalents totalling $38.1m (S$52.2m). Additionally, the company announced a 50% increase in its dividend payout to 0.15 pence per share.
CEO Sean Lee expressed satisfaction with the results, stating, “We are pleased to report a solid set of results for FY2025, highlighted by the notable improvement in gross profit and the successful completion of key projects initiated in recent years.” He emphasised the company’s strong financial position and its strategic focus on growth opportunities in the renewable energy sector.
Looking forward, Marco Polo Marine anticipates further financial improvements in FY2026 as recent initiatives continue to impact positively. The company’s strategic direction and financial health position it well for sustained value delivery to shareholders.
