Marco Polo Marine Q1 gross profit up 32% at S$14 million on fleet additions

[SINGAPORE] Integrated marine logistics company Marco Polo Marine on Monday (Feb 16) posted revenue for its first quarter ended Dec 31, 2025, of S$32.8 million, up 27 per cent from S$25.8 million in the same period the prior year.

This was mainly due to the group’s ship chartering operations, which had “significant expansion” after strategic fleet additions which strengthened the company’s position in the offshore wind sector, it said.

Gross profit for the period rose 32 per cent year on year to S$14 million, from S$10.6 million.

It was accompanied by higher profit margin of 43 per cent for the period, from 41 per cent in Q1 FY2025.

Sean Lee, chief executive of Marco Polo Marine, said: “We have started FY2026 on a stronger note, with our strategic investments in the offshore wind sector delivering tangible and measurable results. The 53 per cent growth in our ship chartering revenue validates our decision to expand our fleet with high-specification, premium assets like the MP Wind Archer.”

With investors picking up Marco Polo shares in the past few months, its share price has doubled over the past six months from S$0.07.

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Shares of Marco Polo Marine ended Friday 1.4 per cent or S$0.002 lower at S$0.145.