Al Seer Marine 2025 Revenue Rises To AED 1.35 Billion, Operating Profit Climbs 110%

Al Seer Marine, a subsidiary of IHC, reports a strong set of 2025 results, with operational profit jumping 110 percent to AED209 million. Revenue increased 5.21 percent to AED1.35 billion, while gross profit advanced 14.57 percent to AED164 million, reflecting improved operations and financial discipline.

Performance was supported by a wider fleet and better charter coverage. Al Seer Marine expanded to 11 company-owned vessels and seven held through joint ventures. The year also included AED102 million in gains from vessel sales and stronger fleet deployment across trading routes and cargo segments.

Non-current assets, mainly the core fleet and related infrastructure, reached AED2.36 billion, maintaining full operating capacity for growth. Current assets stood at AED5.67 billion, after working capital optimisation that helped cut current liabilities by 57 percent to AED732.8 million over the reporting period.

Key 2025 financial indicators for Al Seer Marine are summarised below.

The company implemented a major debt restructuring programme during 2025. Non-current liabilities increased to AED3.17 billion from AED2.25 billion as maturities were extended. This move secured longer-term financing arrangements and eased short-term repayment pressure, supporting stability in cash flows and future investment capacity.

Management links the improved figures to disciplined capital restructuring and heavier use of core assets. "The strong results in 2025 mark the point at which Al Seer Marine has begun to realise the rewards of planned execution over the years," said Guy Neivens, CEO of Al Seer Marine. The comment reflects a multi-year operational and investment plan.

Rapid capacity growth also shaped the 2025 outcome. Gunther Alvarado, Deputy CEO of Al Seer Marine, said, "The cornerstone of our 2025 performance was the successful completion of our first phase of rapid expansion, reaching a milestone of 18 vessels in just three years. This aggressive scaling, culminating in the delivery of our advanced dual-fuel VLGCs, has fundamentally strengthened our operational backbone. "By swiftly diversifying our portfolio across key sectors, from gas carriers to product tankers, we have built a resilient, revenue-generating engine that is now delivering the substantial operational profit growth we are reporting today."

The 2025 figures indicate that Al Seer Marine enters the next phase with a larger fleet, lower short-term liabilities and longer-dated funding. The combination of gas carriers, product tankers and dual-fuel VLGCs gives the company a broader earnings base, which is relevant for regional and international investors following maritime assets.

With inputs from WAM