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Atlantic Navigation sees surge in earnings for 1QFY2025 to US$1.8 mil after disposal of fleet in previous quarter

Nicole Lim
Nicole Lim • 2 min read
Atlantic Navigation sees surge in earnings for 1QFY2025 to US$1.8 mil after disposal of fleet in previous quarter
Atlantic Navigation’s revenue growth for the period was supported by ship management fees at MLS Division as well as increased activities at SRM Division. Photo: Bloomberg
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Atlantic Navigation Holdings has reported a net profit after tax of US$1.8 million ($2.32 million) for the 1QFY2025 ended March 31, a significant increase of more than 100% y-o-y on the basis of continuing operations.

The company, which is in the business of marine logistics services ship repair, maintenance and fabrication, reported earnings per share of 35 US cents for the quarter, over 100% higher y-o-y.

Similarly, the group saw a 100% y-o-y ebitda growth to US$2.1 million for 1QFY2025. Meanwhile, revenue for the period grew 41.2% y-o-y to US$4.1 million.

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