On a segmental basis, ship chartering earned $23.2 million in revenue for the quarter. This represented a jump of 53% from 1QFY2025’s $15.2 million. The company attributes the increase to the deployment of the commissioning service operation vessel (CSOV) MP Wind Archer and three new crew transfer vessels (CTVs).
Mainboard-listed Marco Polo Marine (MPM) has reported a y-o-y 27% increase in revenue to $32.8 million for the three months Dec 31, 2025. The stronger performance was mainly buoyed by the expansion of its ship chartering operations, following strategic fleet additions that have “strengthened” the company’s competitive position in the offshore wind sector.
Gross profit for the period rose 32% y-o-y to $14.0 million with higher gross margin at 43% compared with the 41% of 1QFY2025.
