1.35 billion dirhams in revenue "Sir Marin" In 2025
ABU DHABI, 30 JANUARY / WAM / Al-Seer Marine Equipment and Supplies Company, a subsidiary of the International Holding Company, today announced its financial results for the year 2025, achieving a growth in its operating profits by 110% on an annual basis, to reach 209 million dirhams, in addition to an increase in revenues by 5.21% to reach 1.35 billion dirhams.
The company also recorded a growth in gross profit of 14.57%, reaching 164 million dirhams, a performance that reflects the strength of its business model and its ability to achieve increasing returns.
The company’s non-current assets amounted to 2.36 billion dirhams, including the main revenue-generating fleet of ships and production infrastructure facilities, which represent the backbone of Ser Marine’s operational capabilities and the guarantee of steady growth in its commercial revenues.
The utilization of current assets, which amounted to 5.67 billion dirhams, was improved through effective management of working capital, which enabled the company to reduce its current liabilities by 57%, to reach 732.8 million dirhams.
The company also implemented a comprehensive debt restructuring program and significantly reduced repayment pressures on short-term debt through better terms for long-term financing. The company succeeded in extending maturity dates by increasing non-current liabilities from 2.25 billion dirhams to 3.17 billion dirhams.
The improvement in the company’s financial performance in 2025 was driven by the expansion of its naval fleet, enhancing revenues with long-term rental contracts for new ships, while increasing the efficiency of ship operation and distribution, which helped achieve noticeable growth in overall profit and a jump in operating profits, which included gains worth 102 million dirhams resulting from ship sales.
The company’s fleet currently includes 11 ships wholly owned by Al Sir Marine and seven ships owned by entities established through strategic partnerships.
Jay Nevins, CEO of Al-Seer Marine Equipment and Supplies, said that the results of 2025 represent a major turning point in the company’s journey, which has begun to reap the fruits of its plans that it launched many years ago.
For his part, Guterres Alvarado, Executive Vice President of the company, said that Al-Sair Marine today owns 18 ships, including several advanced dual-fuel giant gas tankers, which has supported its fleet portfolio and its diverse capabilities across the main shipping sectors, which include gas tankers and multi-sized petrochemical product tankers, which has ensured its possession of strong, revenue-generating assets that have served as a guarantee for the high operating profits announced by the company.
- For more: Follow Khaleejion 24 Arabic, Khaleejion 24 English, Khaleejion 24 Live, and for social media follow us on Facebook and Twitter
