698 million dirhams revenues "Sir Marine" In the first half
Abu Dhabi, July 29 / WAM / Al -Sir Company for Marine Equipment and Supplies, affiliated to the International Holding Company, announced its financial results for the first half of the year 2025, with its revenues of 698 million dirhams, achieving an increase of 20.2% compared to the same period last year.
Operating profits increased on an annual basis from 13 million dirhams to reach 156 million dirhams, and total profits jumped by 81.7% from 49 million dirhams to 89 million dirhams on an annual basis, and profit margins expanded from 8.4% to 12.7%.
The expansion of the company’s commercial fleet by adding 6 medium -term carriers to petrochemical products contributed to supporting the strong growth of revenues and improving asset employment.
The company’s cash balance increased by 179%, from 176 million dirhams in the first half of last year, to 490 million dirhams, driven by a significant improvement in collecting growing cash flows, and total assets increased by 7.6% to 8.1 billion dirhams.
The financing agreements launched by the company with major international and local financial institutions contributed to the restructuring of the capital, and significantly improved liquidity flows, as the total financial facilities obtained reached 1.815 billion dirhams.
In terms of resource development through strategic partnerships and alliances, the joint entity launched by Al -Sain with “Denin International” achieved a qualitative achievement with a contract of 1.3 billion dirhams with the Balance Council for Defense Empowerment in March 2025, to build advanced ships for the UAE naval patrols.
The ISBI shipping company, the joint entity that was established with “BNITONA” for shipping and logistics, has signed a contract worth 660 million dirhams, ten years until 2035, to rent the Kayed and Corwear tankers for LNG, which constitutes a practical model for sustainable expansion and raising capital efficiency.
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