Al Seer Marine has announced its financial results for H1-2025. The company posted revenue of AED 698mn, marking a 20.2% increase compared to the same period last year.
Operating profit grows year-on-year to AED 156mn from AED 13mn backed by strong business performance. Gross profit surged 81.7% year-on-year, rising from AED 49mn to AED 89mn, with margins expanding from 8.4% to 12.7%.
This improvement is supported by strong revenue growth and enhanced asset utilisation, primarily due to the expansion of fleet operations with the addition of 6 MR chemical Tankers.
Capital restructuring
“Built on the ‘Investor First’ mindset, our strategy centres on smart capital restructuring, supported by the company’s robust assets, to drive portfolio expansion under highly competitive financing terms. This multi-faceted, future-proof approach has delivered consistent revenue growth, rapid expansion, and improved profitability,” stated Guy Neivens, Chief Executive Officer, Al Seer Marine.
Key to the company’s capital restructuring and improved liquidity were financing agreements secured with leading international and regional financial institutions, totalling AED 1.815bn.
On the growth front, the joint venture between Al Seer Marine and Damen International secured an AED 1.3bn contract in March 2025 from the Tawazun Council to build offshore patrol vessels for the UAE Navy.
