Al Seer Marine, a frontrunner in advanced maritime solutions and a subsidiary of IHC, recently announced its financial results for the year 2025, delivering a strong performance marked by an 110% year-on-year increase in operational profit to AED 209mn, alongside a 5.21% rise in revenue to AED 1.35bn.
The company also recorded a 14.57% increase in gross profit to AED 164mn. The results underscore the company’s disciplined capital restructuring strategy and enhanced asset utilization, which drove accelerated market expansion and strengthened operational fundamentals.
Financial performance during the year was driven by fleet expansion, long-term charter coverage and improved fleet deployment, resulting in higher gross profit and a significant increase in operational profit, which included AED 102mn in gains from vessel sales.
Joint Ventures
The company expanded its fleet to 11 ASM-owned vessels and seven held through joint ventures, following the completion of a three-year newbuild programme that delivered six state-of-the-art tankers. These modern vessels are secured under long-term charter contracts, providing stable and predictable cash flows.
“The double-digit increase in operational profit reflects how our long-term vision is now delivering tangible value to our investors through discipline, foresight, and innovation,” affirmed Guy Neivens, CEO, Al Seer Marine.
“By swiftly diversifying our portfolio across key sectors, from gas carriers to product tankers, we have built a resilient, revenue-generating engine that is now delivering the substantial operational profit growth we are reporting today,” commented Gunther Alvarado, Deputy CEO, Al Seer Marine.
